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15535 Pinedale Avenue Fontana, CA 92335

4 Beds 2 Baths 1,319 sqft Built 1992

INVESTimate

$409,000

List Price

$1,890

$1,701 - $2,079

Rent Est.

$448,550  ( +9.67%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1992
  • Price/Sqft : $310.08
  • 9 Days on Market
  • MLS # : CV20168237
  • Updated Date : 08/21/2020 at 08:12
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,319 sqft
  • Baths : 2 full
Listing Agent

Ochoa Commercial Group

Listing Agent's Description

Nice clean 3 bedrooms,2 bathrooms, well taken care of, pride of ownership, in a cul-de-sac, close to shopping, and race track.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Zip Code: 92335

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $114k470k

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

Zip Code: 92335

ZipNIR Market*CityMarket2010Year2000 Q22019 Q2100011001200130014001500160017001800190020002100Rent in $9112139

* 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
West Randall Elementary School Primary Regular 511 19 2
Sequoia Middle School Middle Regular 1,102 43 3
Fontana High School High Regular 2,536 120 5

West Randall Elementary School

  • Education Level: Primary
  • # of students: 511
  • # of teachers: 19
2
GreatSchools Rating

Sequoia Middle School

  • Education Level: Middle
  • # of students: 1,102
  • # of teachers: 43
3
GreatSchools Rating

Fontana High School

  • Education Level: High
  • # of students: 2,536
  • # of teachers: 120
5
GreatSchools Rating
 

$368,100$449,900$409,000

PURCHASE PRICE

$1,701$2,079$1,890

RENT

DOWN PAYMENT
FINANCING

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,890
EXPENSES Loan Payment -$1,509
Property Tax -$374
Property Insurance -$59
Property Management Fees -$112
CASH FLOW
-$164

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.

$409,000

PROJECTED PRICE

$1,890

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.76%
Appreciation Year (1-5) 9.67%
Maintenance Year (1-5) 8.00%
Vacancy 5.41%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$114,135

INVESTMENT

$114,135

Down Payment
$102,250
Rehab Estimate
$5,750
Closing Costs
$6,135

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,509

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $102,250
Loan Amount $306,750
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$15,637

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,890

    LIST RENT
  • $1.43

    LIST RENT PER SQFT
  • $1,893

    COMP ESTIMATED VALUE
  • $1.44

    COMP AVG. RENT PER SQFT
Comps Range
$1,890
1$1,8902$1,8953$1,9504$1,9505$2,300
$2,300
RENT COMPS ANALYSIS
  • 15535 Pinedale Avenue Fontana, 1
    • 4 beds 2 baths ∙ 1,319 Sqft ∙ Built 1992 4 beds 2 baths ∙ 1,319 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $1.43
    •  
  • 15673 Barbee Street Fontana, 2
    • 4 beds 3 baths ∙ 1,338 Sqft ∙ Built 1986 4 beds 3 baths ∙ 1,338 Sqft ∙ Built 1986
    LEASED 12/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.42
    •  
  • 9220 Citrus Avenue Fontana, 3
    • 3 beds 3 baths ∙ 1,364 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,364 Sqft ∙ Built 1985
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.43
    •  
  • 15380 Yew Court Fontana, 4
    • 3 beds 2 baths ∙ 1,379 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,379 Sqft ∙ Built 1994
    LEASED 06/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.41
    •  
  • 15348 Granada Avenue Fontana, 5
    • 4 beds 3 baths ∙ 1,550 Sqft ∙ Built 1990 4 beds 3 baths ∙ 1,550 Sqft ∙ Built 1990
    LEASED 10/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.48
    •  
PROPERTY LISTING DETAILS
Ernest Ochoa
Ochoa Commercial Group
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20168237
Last Updated: 08/21/2020
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