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15408 Villaba Road Fontana, CA 92337

3 Beds 3 Baths 1,386 sqft Built 1989

$445,000

List Price

$2,100

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $321.07
  • 2 Days on Market
  • MLS # : CV20244645
  • Updated Date : 11/21/2020 at 13:50
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,386 sqft
  • Baths : 2 full , 1 half
Listing Agent

Century 21 King

Listing Agent's Description

Located in South Fontana you will find this Beautiful 2 story home featuring the most awesome curb appeal. Sellers have really put in a lot of love and work into this gorgeous home. Wood flooring with water proof, laminate wood flooring and double pane windows through the home. As you walk into this amazing 3 bedrooms and 3 baths home,( 1/2 bath downstairs), you will be greeted by a beautiful open spacious living room, a nice open floor plan flows nicely and high ceiling. Nice size living room with cozy fireplace for entertaining, open floor plan with upgraded kitchen with lots of cabinetry, granite counter tops microwave, walk in pantry and a breakfast bar, indoor laundry area. Second floor boasts an oversize master bedroom with master bath and oversize closet and 2 good size bedrooms with a full bath. Some of the upgrades include custom exterior painting, stone work, Wrought iron gates and door, interior painting, custom light fixtures. Step out to a spacious backyard secured with a block wall, custom slab and fruit trees. What a great home for BBQ's and parties or to entertain friends and enjoy. Close to Schools, shopping, parks and easy access to 10, 60 and 15 freeways. Come and see this great opportunity! It will not last

SEE MORE

MARKET HIGHLIGHTS

  • The area has major technology nodes of excellence: Los Angeles (Media and entertainment); Pasadena (High-tech engineering, data analytics); Riverside (Agtech, transportation/ distribution); San Diego (Healthcare, biotech, wireless communications); Irvine (Medtech, cyber security); El Segundo (Aerospace and defense IT, space transport) [BCG, 2018]
  • Los Angeles has been awarded the 2028 Olympics under a funding commitment of $88 billion to upgrade the transportation infrastructure connecting disparate pockets of the metro area. This is expected to produce additional employment in the coming years. (BCG, 2018)
  • As part of Southern California area, Inland Empire market inherits all the benefits from the area.
  • Headquarters to several Fortune 500 companies: Amgen, Farmers Insurance, Walt Disney, Avery Dennison, Activision Blizzard, CBRE Group, Edison International, Molina Healthcare, First American Financial, Pacific Life, Qualcomm and Sempra Energy (Fortune, 2018)
  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 2018)
  • Southern California produces more technology PhDs per year than any other region in the country and many of the higher educated students stay within Souther California contributing to readily available workforce skills making the area more attractive than Silicon Valley (BCG, 2018)
  • Southern California's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (USMayors.org, 2018)
  • Southern California has 58.7% labor force participation rate; within this area, Los Angeles metro has 62.3% labor force participation rate (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Southridge Village

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $143k470k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Southridge Village

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q211001200130014001500160017001800190020002100Rent in $10822139

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Michael D'arcy Elementary School Primary Regular 488 19 4
Michael D'arcy Elementary School Middle Regular 488 19 4
Bloomington High School High Regular 2,037 84 4

Michael D'arcy Elementary School

  • Education Level: Primary
  • # of students: 488
  • # of teachers: 19
4
GreatSchools Rating

Michael D'arcy Elementary School

  • Education Level: Middle
  • # of students: 488
  • # of teachers: 19
4
GreatSchools Rating

Bloomington High School

  • Education Level: High
  • # of students: 2,037
  • # of teachers: 84
4
GreatSchools Rating
 

$400,500$489,500$445,000

PURCHASE PRICE

$1,890$2,310$2,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,100
EXPENSES Loan Payment -$1,642
Property Tax -$474
Property Insurance -$61
Property Management Fees -$124
CASH FLOW
-$200

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$445,000

PROJECTED PRICE

$2,100

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 8.1%
Maintenance Year (1-5) 8.00%
Vacancy 5.43%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$123,675

INVESTMENT

$123,675

Down Payment
$111,250
Rehab Estimate
$5,750
Closing Costs
$6,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,642

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $111,250
Loan Amount $333,750
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$15,878

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,100

    LIST RENT
  • $1.52

    LIST RENT PER SQFT
  • $2,114

    COMP ESTIMATED VALUE
  • $1.53

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,1003$2,1504$2,2505$2,500
$2,500
RENT COMPS ANALYSIS
  • 15408 Villaba Road Fontana, CA 2
    • 3 beds 3 baths ∙ 1,386 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,386 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.52
    •  
  • 16147 Trailwinds Drive Fontana, CA 1
    • 3 beds 2 baths ∙ 1,272 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,272 Sqft ∙ Built 1990
    LEASED 01/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.57
    •  
  • 14772 Cinnamon Drive Fontana, CA 3
    • 3 beds 3 baths ∙ 1,455 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,455 Sqft ∙ Built 1990
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.48
    •  
  • 11981 Blackstone Court Fontana, CA 4
    • 4 beds 3 baths ∙ 1,556 Sqft ∙ Built 1987 4 beds 3 baths ∙ 1,556 Sqft ∙ Built 1987
    LEASED 12/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.45
    •  
  • 15497 Tobarra Road Fontana, CA 5
    • 3 beds 3 baths ∙ 1,563 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,563 Sqft ∙ Built 2000
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.60
    •  
PROPERTY LISTING DETAILS
Ricardo Acevedo
Century 21 King
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20244645
Last Updated: 11/21/2020
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