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16129 Windcrest Drive Fontana, CA 92337

3 Beds 3 Baths 1,470 sqft Built 2001

$459,999

List Price

$2,150

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $312.92
  • 4 Days on Market
  • MLS # : CV21062693
  • Updated Date : 03/26/2021 at 18:32
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,470 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty Masters & Associates

Listing Agent's Description

Updated Southridge Home! This lovely 3 bed, 2.5 bath home is ready for its new owner. When you walk in the front door you will immediately notice the high ceilings and tons of natural light, fireplace, and updated wood laminate flooring. The open concept floorplan leads you from the family room into the dining room and newly remodeled kitchen. This kitchen has brand new cabinets, flooring, and quartz countertops. As you turn out of the kitchen you will find a remodeled half bath across from the indoor laundry room. Head upstairs to the split 3 bedroom floorplan. Enter through the double doors into the spacious master bedroom with views of the rolling hills behind the home. Walk-in closet across from a toilet room as you enter the master bathroom with dual vanity and an oval tub/shower. Walking down the hall you will find two additional spacious bedrooms with mirrored wardrobe closets. When you head outside you will notice the backyard has a cement patio, gazebo patio cover, and gated access on both sides of the home. The front courtyard is perfect for enjoying a cup of coffee or a drink at the end of the day. Close to freeways, shopping, and schools. Don't let this opportunity pass you by!

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

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
Ruth O. Harris Middle School Middle Regular 808 36 3
Bloomington High School High Regular 2,037 84 4
Ruth O. Harris Middle School Middle Unknown NA

Ruth O. Harris Middle School

  • Education Level: Middle
  • # of students: 808
  • # of teachers: 36
3
GreatSchools Rating

Bloomington High School

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

Ruth O. Harris Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$413,999$505,999$459,999

PURCHASE PRICE

$1,935$2,365$2,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,150
EXPENSES Loan Payment -$1,598
Property Tax -$490
Property Insurance -$63
Property Management Fees -$127
CASH FLOW
-$127

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.

$459,999

PROJECTED PRICE

$2,150

PROJECTED RENT

0.47%

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-$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$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 $344,999
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$18,103

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,150

    LIST RENT
  • $1.46

    LIST RENT PER SQFT
  • $2,304

    COMP ESTIMATED VALUE
  • $1.57

    COMP AVG. RENT PER SQFT
Comps Range
$1,999
1$1,9992$2,0003$2,1504$2,5005$2,500
$2,500
RENT COMPS ANALYSIS
  • 16129 Windcrest Drive Fontana, CA 3
    • 3 beds 3 baths ∙ 1,470 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,470 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.46
    •  
  • 16266 Valleyvale Drive Fontana, CA 1
    • 3 beds 2 baths ∙ 1,272 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,272 Sqft ∙ Built 1993
    LEASED 05/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,999
    • $1.57
    •  
  • 16147 Trailwinds Drive Fontana, CA 2
    • 3 beds 2 baths ∙ 1,272 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,272 Sqft ∙ Built 1990
    LEASED 01/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.57
    •  
  • 15600 Willow Drive Fontana, CA 4
    • 3 beds 3 baths ∙ 1,637 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,637 Sqft ∙ Built 1989
    LEASED 03/06/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.53
    •  
  • 15497 Tobarra Road Fontana, CA 5
    • 3 beds 3 baths ∙ 1,563 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,563 Sqft ∙ Built 2000
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.60
    •  
PROPERTY LISTING DETAILS
Chris Bean
Realty Masters & Associates
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21062693
Last Updated: 03/26/2021
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