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15612 Aerostar Court Fontana, CA 92336

5 Beds 3 Baths 2,714 sqft Built 1998

$580,400

List Price

$2,590

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $213.85
  • 2 Days on Market
  • MLS # : IG21047410
  • Updated Date : 03/06/2021 at 18:36
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,714 sqft
  • Baths : 3 full
Listing Agent

Active Realty

Listing Agent's Description

Beautiful 5 bedroom, 3 bathroom, 2 story home with a main floor bedroom in the community of Fontana! This property is situated on a cul-de-sac street and offers high ceilings, a spacious kitchen, an inviting fireplace, a loft, and a lovely back yard. The kitchen offers a center island, tile countertops, a walk-in pantry, and tile flooring. The living room features vaulted ceilings and laminate wood flooring. The upstairs primary bedroom offers large closets, a soaking tub in the primary bathroom, and a walk-in shower. Downstairs, sliding doors lead to the covered outdoor patio, spacious side yards, and Koi pond. Additional property highlights include the 2 car garage and laundry room. Convenient to area schools, restaurants, and major freeways!

SEE MORE

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: 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
 

$522,360$638,440$580,400

PURCHASE PRICE

$2,331$2,849$2,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,590
EXPENSES Loan Payment -$2,016
Property Tax -$672
Property Insurance -$93
Property Management Fees -$153
CASH FLOW
-$343

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.

$580,400

PROJECTED PRICE

$2,590

PROJECTED RENT

0.45%

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$1.6M

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$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$159,556

INVESTMENT

$159,556

Down Payment
$145,100
Rehab Estimate
$5,750
Closing Costs
$8,706

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,016

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $145,100
Loan Amount $435,300
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$10,710

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,590

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $2,653

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$2,450
1$2,4502$2,5903$2,6004$2,6955$2,890
$2,890
RENT COMPS ANALYSIS
  • 15612 Aerostar Court Fontana, CA 2
    • 5 beds 3 baths ∙ 2,714 Sqft ∙ Built 1998 5 beds 3 baths ∙ 2,714 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $2,590
    • $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
    LEASED 10/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.93
    •  
  • 7458 Lime Avenue Fontana, CA 3
    • 5 beds 3 baths ∙ 2,676 Sqft ∙ Built 2002 5 beds 3 baths ∙ 2,676 Sqft ∙ Built 2002
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.97
    •  
  • 7270 Avocado Court Fontana, CA 4
    • 4 beds 3 baths ∙ 2,728 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,728 Sqft ∙ Built 2007
    LEASED 03/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.99
    •  
  • 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
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,890
    • $1.02
    •  
PROPERTY LISTING DETAILS
Justin Tye
Active Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IG21047410
Last Updated: 03/06/2021
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