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16216 Trailwinds Drive Fontana, CA 92337

4 Beds 3 Baths 1,872 sqft Built 1990

$479,000

List Price

$2,380

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $255.88
  • 4 Days on Market
  • MLS # : CV21029724
  • Updated Date : 02/25/2021 at 11:25
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,872 sqft
  • Baths : 3 full
Listing Agent

Redfin Corporation

Listing Agent's Description

2 story south ridge home features 4 bedrooms 3 bathrooms , 2 car attached garage, living room with tile flooring high ceilings, dining room plenty of natural light, updated kitchen with recessed lighting, sitting bar area opens up to family room with gas fireplace, 1 bedroom downstairs 3 bedrooms second floor, 2 guest updated bathrooms, updated master bathroom with dual sinks, back yard covered patio area, fully landscaped, commuter friendly with the 60 freeway, 15, freeway and 10 freeway minutes away.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

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
 

$431,100$526,900$479,000

PURCHASE PRICE

$2,142$2,618$2,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,380
EXPENSES Loan Payment -$1,664
Property Tax -$510
Property Insurance -$73
Property Management Fees -$140
CASH FLOW
-$7

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.

$479,000

PROJECTED PRICE

$2,380

PROJECTED RENT

0.50%

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$20k

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$132,685

INVESTMENT

$132,685

Down Payment
$119,750
Rehab Estimate
$5,750
Closing Costs
$7,185

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,664

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $119,750
Loan Amount $359,250
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$29,630

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,380

    LIST RENT
  • $1.27

    LIST RENT PER SQFT
  • $2,396

    COMP ESTIMATED VALUE
  • $1.28

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2753$2,3004$2,3805$2,550
$2,550
RENT COMPS ANALYSIS
  • 16216 Trailwinds Drive Fontana, CA 4
    • 4 beds 3 baths ∙ 1,872 Sqft ∙ Built 1990 4 beds 3 baths ∙ 1,872 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $2,380
    • $1.27
    •  
  • 16248 Valleyvale Drive Fontana, CA 1
    • 4 beds 3 baths ∙ 1,872 Sqft ∙ Built 1994 4 beds 3 baths ∙ 1,872 Sqft ∙ Built 1994
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.18
    •  
  • 16963 El Agua Drive Fontana, CA 2
    • 3 beds 3 baths ∙ 1,774 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,774 Sqft ∙ Built 1998
    LEASED 03/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,275
    • $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
    •  
  • 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
Ricardo Ayala
Redfin Corporation
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21029724
Last Updated: 02/25/2021
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