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15983 Notre Dame Street Fontana, CA 92336

4 Beds 3 Baths 2,824 sqft Built 2019

$669,000

List Price

$2,770

$2.5K - $3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $236.90
  • 3 Days on Market
  • MLS # : EV21046360
  • Updated Date : 03/05/2021 at 14:58
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,824 sqft
  • Baths : 3 full
Listing Agent

Redfin

Listing Agent's Description

Newly built in 2019, this Visionary model in the community of Belrose, located in North Fontana N. of the 210 FWY, is awaiting it's new owners. Wonderful curb appeal and a real yard w/ St. Augustine grass and panoramic mountain views. No neighbors behind the property. Many builder upgrades along w/ seller upgrades include custom vinyl plank flooring, custom baseboards, recessed lights, dimmer switches, Plantation shutters, throughout. Open concept. One bedroom and 1 bathroom downstairs. Den/ Office. Huge kitchen w/ white cabinets. granite counters, stainless steel cooktop, microwave oven, dishwasher and island. Huge dining area and Great Room. Berber carpet. Upstairs are 2 lofts that could be framed in to make additional bedrooms or multi-functional game room, gym, etc. 2 additional secondary bedrooms share upstairs bathroom. Massive Primary Bedroom w/ mountain views and large walk-in closet. Primary bedroom has dual sinks and glass shower door. Attached 2 -car garage w/ tankless water heater. Private backyard w/ grass, sprinklers, drainage, patio slab and extra 10 x 10 concrete slab for spa, shed, dog kennel, etc. NO HOA! Close to schools and shopping. Easy access to the 210 FWY. ~~ PROFESSIONAL PICS AND 3D SCAN COMING SOON!~~

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

Zip Code: 92336

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $143k526k

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

Zip Code: 92336

ZipNIR Market*CityMarket2010Year2000 Q22019 Q211001200130014001500160017001800190020002100220023002400Rent in $10822424

* 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
Dorothy Grant Elementary School Primary Regular 739 25 7
Almeria Middle School Middle Regular 833 38 3
Summit High School High Regular 2,606 108 6

Dorothy Grant Elementary School

  • Education Level: Primary
  • # of students: 739
  • # of teachers: 25
7
GreatSchools Rating

Almeria Middle School

  • Education Level: Middle
  • # of students: 833
  • # of teachers: 38
3
GreatSchools Rating

Summit High School

  • Education Level: High
  • # of students: 2,606
  • # of teachers: 108
6
GreatSchools Rating
 

$602,100$735,900$669,000

PURCHASE PRICE

$2,493$3,047$2,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,770
EXPENSES Loan Payment -$2,324
Property Tax -$715
Property Insurance -$96
Property Management Fees -$163
CASH FLOW
-$527

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.

$669,000

PROJECTED PRICE

$2,770

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 6.3%
Maintenance Year (1-5) 8.00%
Vacancy 5.43%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

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$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$183,035

INVESTMENT

$183,035

Down Payment
$167,250
Rehab Estimate
$5,750
Closing Costs
$10,035

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,324

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $167,250
Loan Amount $501,750
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$6,773

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,770

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $2,796

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$2,7703$2,8504$2,8955$3,000
$3,000
RENT COMPS ANALYSIS
  • 15983 Notre Dame Street Fontana, CA 2
    • 4 beds 3 baths ∙ 2,824 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,824 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $2,770
    • $0.98
    •  
  • 6046 Eaglemont Drive Fontana, CA 1
    • 5 beds 3 baths ∙ 2,788 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,788 Sqft ∙ Built 2005
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.97
    •  
  • 15872 Snowy Peak Lane Fontana, CA 3
    • 4 beds 3 baths ∙ 2,807 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,807 Sqft ∙ Built 2006
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.02
    •  
  • 15957 Turtle Bay Place Fontana, CA 4
    • 5 beds 3 baths ∙ 2,992 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,992 Sqft ∙ Built 2005
    LEASED 09/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $0.97
    •  
  • 16386 Los Coyotes Street Fontana, CA 5
    • 5 beds 2 baths ∙ 2,992 Sqft ∙ Built 2004 5 beds 2 baths ∙ 2,992 Sqft ∙ Built 2004
    LEASED 12/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.00
    •  
PROPERTY LISTING DETAILS
Michael Espiritu
Redfin
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: EV21046360
Last Updated: 03/05/2021
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