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15593 Northwind Avenue Fontana, CA 92336

5 Beds 3 Baths 2,663 sqft Built 1998

$539,999

List Price

$2,540

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $202.78
  • 4 Days on Market
  • MLS # : SW20243039
  • Updated Date : 11/20/2020 at 14:36
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,663 sqft
  • Baths : 3 full
Listing Agent

Keller Williams, The Lakes

Listing Agent's Description

Great location! North Fontana Home in the very sought after award winning *Etiwanda School District*. This beautiful 5 bedroom, 3 bath home has an open floor plan. Make your way into the home you will notice the formal dining room with high ceilings and several windows with plantation shutters letting in tons of natural light. You will also find a spacious family room with fireplace that opens to the kitchen with light wood cabinets with plenty of space for storage and an island. This is a great area for entertaining family or guest for the holidays. You will also find on the main level a large bedroom and 1/2 bathroom. Upstairs you will find 3 additional bedrooms and another full bath with a double vanity. You will also find a large Master suite that leads into the large master bath with a soaking tub and walk in shower and double vanity. Head out to your backyard and find a large space with plenty of room to have a pool if wanted. The backyard also features newly installed sod and an aluma-wood patio cover to keep you cool on the hot California days. OTHER Upgrades include new carpet in upstairs bedrooms and the outside of home was recently painted as well. ##HOME HAS SOLAR THAT WILL BE PAID OFF AT CLOSING.## This home has easily accessible to the 210 and 15 HWY and minutes from shopping and restaurants near by. Don't miss out on this home !! Great location book your appointment today!!

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
 

$485,999$593,999$539,999

PURCHASE PRICE

$2,286$2,794$2,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,540
EXPENSES Loan Payment -$1,992
Property Tax -$625
Property Insurance -$92
Property Management Fees -$150
CASH FLOW
-$319

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.

$539,999

PROJECTED PRICE

$2,540

PROJECTED RENT

0.47%

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-$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$148,850

INVESTMENT

$148,850

Down Payment
$135,000
Rehab Estimate
$5,750
Closing Costs
$8,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,992

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $135,000
Loan Amount $404,999
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$13,576

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,540

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $2,630

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$2,450
1$2,4502$2,5003$2,5404$2,6005$2,890
$2,890
RENT COMPS ANALYSIS
  • 15593 Northwind Avenue San Bernardino, CA 3
    • 5 beds 3 baths ∙ 2,663 Sqft ∙ Built 1998 5 beds 3 baths ∙ 2,663 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,540
    • $0.95
    •  
  • 15636 Caravelle Avenue Fontana, CA 1
    • 4 beds 3 baths ∙ 2,648 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,648 Sqft ∙ Built 1998
    property image
    LEASED 10/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.93
    •  
  • 6849 Earp Way Fontana, CA 2
    • 4 beds 3 baths ∙ 2,492 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,492 Sqft ∙ Built 2005
    property image
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.00
    •  
  • 15945 Serenade Lane Fontana, CA 4
    • 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 2015
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.00
    •  
  • 15929 San Leandro Drive Fontana, CA 5
    • 5 beds 3 baths ∙ 2,833 Sqft ∙ Built 2009 5 beds 3 baths ∙ 2,833 Sqft ∙ Built 2009
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,890
    • $1.02
    •  
PROPERTY LISTING DETAILS
Misty Cochren
Keller Williams, The Lakes
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW20243039
Last Updated: 11/20/2020
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