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16045 Peach Tree Lane Fontana, CA 92337

3 Beds 3 Baths 1,707 sqft Built 1990

$460,000

List Price

$2,230

$2K - $2.5K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
January 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $269.48
  • 6 Days on Market
  • MLS # : CV21011824
  • Updated Date : 01/19/2021 at 11:42
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,707 sqft
  • Baths : 2 full , 1 half
Listing Agent

So Cal Realty & Loans

Listing Agent's Description

This stunning remodeled home in the Southridge community of Fontana features open concept formal living and dining room waterproof laminate floors that flow throughout the down stairs area with a fireplace. Walk on into this Open living room to the family room which has an updated kitchen with granite countertops. Formal dining area is perfect for the holiday. Remodeled kitchen featuring wood cabinets, Quartz Counters. Upstairs 3 bedrooms that are perfectly sized. From the hallway upstairs you can overlook all of the living room area. The master bedroom is very roomy yet cozy with its own master bedroom. This beautiful home features a fully finished 2 Car garage. Great front and back yard space perfect for the first time buyer who loves to entertain.

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Southridge Village

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $143k470k

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

Neighborhood: Southridge Village

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q211001200130014001500160017001800190020002100Rent in $10822139

* 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
Jurupa Vista Elementary School Primary Regular 590 23 4
Jurupa Vista Elementary School Middle Regular 590 23 4
Bloomington High School High Regular 2,037 84 4

Jurupa Vista Elementary School

  • Education Level: Primary
  • # of students: 590
  • # of teachers: 23
4
GreatSchools Rating

Jurupa Vista Elementary School

  • Education Level: Middle
  • # of students: 590
  • # of teachers: 23
4
GreatSchools Rating

Bloomington High School

  • Education Level: High
  • # of students: 2,037
  • # of teachers: 84
4
GreatSchools Rating
 

$414,000$506,000$460,000

PURCHASE PRICE

$2,007$2,453$2,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,230
EXPENSES Loan Payment -$1,598
Property Tax -$490
Property Insurance -$69
Property Management Fees -$132
CASH FLOW
-$58

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.

$460,000

PROJECTED PRICE

$2,230

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 8.1%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530$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$127,650

INVESTMENT

$127,650

Down Payment
$115,000
Rehab Estimate
$5,750
Closing Costs
$6,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,598

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $115,000
Loan Amount $345,000
See What Happens When You Reinvest Cash Flow

5

YEARS SAVED

$23,776

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,230

    LIST RENT
  • $1.31

    LIST RENT PER SQFT
  • $2,258

    COMP ESTIMATED VALUE
  • $1.32

    COMP AVG. RENT PER SQFT
Comps Range
$2,230
1$2,2302$2,3003$2,3004$2,4005$2,550
$2,550
RENT COMPS ANALYSIS
  • 16045 Peach Tree Lane Fontana, CA 1
    • 3 beds 3 baths ∙ 1,707 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,707 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $2,230
    • $1.31
    •  
  • 15639 Coventry Lane Fontana, CA 2
    • 3 beds 3 baths ∙ 1,800 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,800 Sqft ∙ Built 1991
    LEASED 10/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.28
    •  
  • 11520 Leatherleaf Fontana, CA 3
    • 3 beds 4 baths ∙ 1,770 Sqft ∙ Built 1991 3 beds 4 baths ∙ 1,770 Sqft ∙ Built 1991
    LEASED 10/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.30
    •  
  • 15364 Villaba Road Fontana, CA 4
    • 4 beds 3 baths ∙ 1,777 Sqft ∙ Built 1989 4 beds 3 baths ∙ 1,777 Sqft ∙ Built 1989
    LEASED 11/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.35
    •  
  • 16371 Applegate Drive Fontana, CA 5
    • 4 beds 3 baths ∙ 1,872 Sqft ∙ Built 1995 4 beds 3 baths ∙ 1,872 Sqft ∙ Built 1995
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.36
    •  
PROPERTY LISTING DETAILS
Angel Aguayo
So Cal Realty & Loans
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21011824
Last Updated: 01/19/2021
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