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16093 Doran Lane Fontana, CA 92336

3 Beds 3 Baths 1,846 sqft Built 2017

$509,999

List Price

$2,210

$2K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $276.27
  • 5 Days on Market
  • MLS # : DW21061840
  • Updated Date : 03/26/2021 at 12:57
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,846 sqft
  • Baths : 2 full , 1 half
Listing Agent

Nueva Real Estate

Listing Agent's Description

Gorgeous home nestled in a great desirable newly developed neighborhood of Fontana. Home shows pride of ownership with amazing curb appeal, including a recently redone and expanded driveway. From the astonishing well manicured landscaping to the huge open kitchen, no expense was spared on this home. Home boasts 3 well-sized bedrooms which include custom cabinetry in the walk in closet, 2.5 bathrooms, a bonus loft area and a great open layout. The entire backyard comes with newly poured stamped concrete that shows marvelously when inviting over and entertaining guests. Home is conveniently located to parks, schools, shopping centers, freeways for an easy commute & blocks away from The Sierra Lakes Golf Club. Come fall in love the moment you walk in and see why this is the perfect place to call home.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 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
Sierra Lakes Elementary School Primary Regular 734 26 5
Wayne Ruble Middle School Middle Regular 1,168 47 5
Summit High School High Regular 2,606 108 6

Sierra Lakes Elementary School

  • Education Level: Primary
  • # of students: 734
  • # of teachers: 26
5
GreatSchools Rating

Wayne Ruble Middle School

  • Education Level: Middle
  • # of students: 1,168
  • # of teachers: 47
5
GreatSchools Rating

Summit High School

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

$458,999$560,999$509,999

PURCHASE PRICE

$1,989$2,431$2,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,210
EXPENSES Loan Payment -$1,771
Property Tax -$578
Property Insurance -$72
HOA -$131
Property Management Fees -$130
CASH FLOW
-$472

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.

$509,999

PROJECTED PRICE

$2,210

PROJECTED RENT

0.43%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

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$140,900

INVESTMENT

$140,900

Down Payment
$127,500
Rehab Estimate
$5,750
Closing Costs
$7,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,771

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $127,500
Loan Amount $382,499
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$2,161

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,210

    LIST RENT
  • $1.2

    LIST RENT PER SQFT
  • $2,506

    COMP ESTIMATED VALUE
  • $1.36

    COMP AVG. RENT PER SQFT
Comps Range
$2,210
1$2,2102$2,4953$2,5004$2,6005$2,600
$2,600
RENT COMPS ANALYSIS
  • 16093 Doran Lane Fontana, CA 1
    • 3 beds 3 baths ∙ 1,846 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,846 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,210
    • $1.20
    •  
  • 16185 Stoneridge Lane Fontana, CA 2
    • 3 beds 2 baths ∙ 1,853 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,853 Sqft ∙ Built 2004
    LEASED 03/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.35
    •  
  • 15723 Parkhouse Drive Fontana, CA 3
    • 3 beds 3 baths ∙ 1,808 Sqft ∙ Built 2009 3 beds 3 baths ∙ 1,808 Sqft ∙ Built 2009
    LEASED 12/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.38
    •  
  • 6252 Goldendale Way Fontana, CA 4
    • 3 beds 2 baths ∙ 1,853 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,853 Sqft ∙ Built 2005
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.40
    •  
  • 5826 Ventana Drive Fontana, CA 5
    • 3 beds 3 baths ∙ 2,005 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,005 Sqft ∙ Built 2001
    LEASED 12/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.30
    •  
PROPERTY LISTING DETAILS
Jose Perez
Nueva Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: DW21061840
Last Updated: 03/26/2021
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