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15450 Petunia Street Fontana, CA 92336

3 Beds 3 Baths 2,180 sqft Built 2006

$625,000

List Price

$2,410

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $286.70
  • 10 Days on Market
  • MLS # : IV21036129
  • Updated Date : 03/06/2021 at 11:02
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,180 sqft
  • Baths : 2 full , 1 half
Listing Agent

Marisela Labastida Broker

Listing Agent's Description

UNIQUE GEM IN HUNTER’S RIDGE (COYOTE CANYON) COMMUNITY! AMAZING 9,418 SQ FT OVERSIZED CORNER LOT WITH RV PARKING! What a dream come true! This superb 3 bedroom home has everything on your checklist! This immaculate home is TURNKEY. Kitchen open to great room with fireplace. Kitchen has island with granite counter tops and stainless steel appliances perfect for entertaining. Spacious 3 car garage with epoxy flooring. Master Suite has large walk in shower with large walk in closet. Upstairs laundry room for your convenience. The entire lot has been completely landscaped with plenty of room for the family and to entertain with lots of room for a pool and outdoor kitchen. The home is centrally located and close to everything and is within the sphere of influence of Rancho Cucamonga. Minutes to the famed Victoria Gardens Shopping Mall, Ontario Mills Mall, 15 freeway access, great schools in the Chaffey & Etiwanda school districts, and restaurants. NO HOA!!! THIS ONE WILL NOT LAST!

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Coyote Canyon

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700kPrice in $148k746k

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

Neighborhood: Coyote Canyon

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2120014001600180020002200240026002800Rent in $10822906

* 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
David W. Long Elementary School Primary Regular 826 33 8
Summit Intermediate School Middle Regular 1,108 49 7
Etiwanda High School High Regular 3,458 126 8

David W. Long Elementary School

  • Education Level: Primary
  • # of students: 826
  • # of teachers: 33
8
GreatSchools Rating

Summit Intermediate School

  • Education Level: Middle
  • # of students: 1,108
  • # of teachers: 49
7
GreatSchools Rating

Etiwanda High School

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

$562,500$687,500$625,000

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 -$2,171
Property Tax -$640
Property Insurance -$80
Property Management Fees -$142
CASH FLOW
-$623

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.

$625,000

PROJECTED PRICE

$2,410

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 6.4%
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$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$171,375

INVESTMENT

$171,375

Down Payment
$156,250
Rehab Estimate
$5,750
Closing Costs
$9,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,171

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $156,250
Loan Amount $468,750
See What Happens When You Reinvest Cash Flow

0.92

YEARS SAVED

$2,297

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
  • $1.11

    LIST RENT PER SQFT
  • $2,431

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,4103$2,5004$2,5005$2,800
$2,800
RENT COMPS ANALYSIS
  • 15450 Petunia Street Fontana, CA 2
    • 3 beds 3 baths ∙ 2,180 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,180 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,410
    • $1.11
    •  
  • 15723 Parkhouse Drive Fontana, CA 1
    • 3 beds 3 baths ∙ 1,930 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,930 Sqft ∙ Built 2008
    LEASED 10/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.14
    •  
  • 14921 Sydney Avenue Fontana, CA 3
    • 4 beds 3 baths ∙ 2,328 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,328 Sqft ∙ Built 1998
    LEASED 11/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.07
    •  
  • 15396 Thistle Street Fontana, CA 4
    • 3 beds 3 baths ∙ 2,386 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,386 Sqft ∙ Built 2006
    LEASED 10/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.05
    •  
  • 4995 Millbrook Way Fontana, CA 5
    • 4 beds 3 baths ∙ 2,339 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,339 Sqft ∙ Built 2009
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.20
    •  
PROPERTY LISTING DETAILS
Marisela Labastida
Marisela Labastida Broker
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV21036129
Last Updated: 03/06/2021
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