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15410 Gatwick Avenue Fontana, CA 92336

4 Beds 3 Baths 2,362 sqft Built 1999

$559,995

List Price

$2,410

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

December 01, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $237.09
  • 6 Days on Market
  • MLS # : CV20249184
  • Updated Date : 12/03/2020 at 11:25
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,362 sqft
  • Baths : 3 full
Listing Agent

Engel Del Castillo, Broker

Listing Agent's Description

Come home to your own private spa-like bathroom & unwind with magnificent sunset views. Entertain family and friends at your game room making new memories for years to come. Lavish your family & friends with your newly remodeled spacious kitchen with quartz counter tops, subway tile, accent LED lighting above cabinets & new stainless steel wine refrigerator, stove & dishwasher all included! North Fontana area & very prestigious and sought after Etiwanda school district. Close to freeways, shopping at Victoria Gardens and a beautiful park just walking distance awaits you. Amazing friendly community and pride of home ownership all around the neighborhood. New laminate flooring, and energy efficient LED recessed lighting all throughout this amazing home are yours to enjoy. This gem is truly one of kind with incredible natural lighting that is a must see. A magnificent staircase leads upstairs to the master bedroom with its own private spa-like bathroom with custom designed frameless shower doors and an amazing luxurious stand alone soaking tub and a marvelous two sink vanity. All 3 bathrooms are full baths with newly remodeled tile and beautiful unique vanities for each, one bedroom with full bath is downstairs perfect for guest room or turn into private office. This gem won't last, make this home yours!

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: California Landings

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $148k586k

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

Neighborhood: California Landings

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q211001200130014001500160017001800190020002100220023002400Rent in $10822496

* 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
Cecilia L. Solorio Elementary School Primary Regular 894 36 7
Heritage Intermediate School Middle Regular 1,240 48 8
Etiwanda High School High Regular 3,458 126 8

Cecilia L. Solorio Elementary School

  • Education Level: Primary
  • # of students: 894
  • # of teachers: 36
7
GreatSchools Rating

Heritage Intermediate School

  • Education Level: Middle
  • # of students: 1,240
  • # of teachers: 48
8
GreatSchools Rating

Etiwanda High School

  • Education Level: High
  • # of students: 3,458
  • # of teachers: 126
8
GreatSchools Rating
 

$503,996$615,995$559,995

PURCHASE PRICE

$2,169$2,651$2,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,410
EXPENSES Loan Payment -$2,066
Property Tax -$543
Property Insurance -$84
Property Management Fees -$142
CASH FLOW
-$426

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.

$559,995

PROJECTED PRICE

$2,410

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 4.4%
Maintenance Year (1-5) 8.00%
Vacancy 5.35%
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-$10k-$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$154,149

INVESTMENT

$154,149

Down Payment
$139,999
Rehab Estimate
$5,750
Closing Costs
$8,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,066

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $139,999
Loan Amount $419,996
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$9,393

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,410

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $2,563

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$2,410
1$2,4102$2,5003$2,5004$2,6005$2,700
$2,700
RENT COMPS ANALYSIS
  • 15410 Gatwick Avenue Fontana, CA 1
    • 4 beds 3 baths ∙ 2,362 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,362 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $2,410
    • $1.02
    •  
  • 7333 Rosebay Place Fontana, CA 2
    • 4 beds 3 baths ∙ 2,356 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,356 Sqft ∙ Built 2003
    LEASED 01/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.06
    •  
  • 6849 Earp Way Fontana, CA 3
    • 4 beds 3 baths ∙ 2,492 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,492 Sqft ∙ Built 2005
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.00
    •  
  • 7143 Helena Place Fontana, CA 4
    • 4 beds 3 baths ∙ 2,230 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,230 Sqft ∙ Built 2004
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.17
    •  
  • 15477 Mcdonnell Avenue Fontana, CA 5
    • 4 beds 3 baths ∙ 2,441 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,441 Sqft ∙ Built 2000
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.11
    •  
PROPERTY LISTING DETAILS
Cynthia Velasquez
Engel Del Castillo, Broker
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20249184
Last Updated: 12/03/2020
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