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16249 Yorba Linda Lane Fontana, CA 92336

3 Beds 3 Baths 2,320 sqft Built 2002

$540,000

List Price

$2,530

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $232.76
  • 4 Days on Market
  • MLS # : CV21000056
  • Updated Date : 01/08/2021 at 09:49
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,320 sqft
  • Baths : 2 full , 1 half
Listing Agent

Reliance Real Estate Services

Listing Agent's Description

FAMILY HOME IN COVETED "SIERRA LAKES" COMMUNITY LOCATED CLOSE TO SHOPPING AND THE 210 FWY IS AWAITING TO BE YOURS!!, TILE FLOORING, CUSTOM BUILT ENTERTAINMENT CENTER IN FAMILY ROOM, manicured lawn leads you to the front door with unique tile flooring, crown molding, as you make your way into the family room; you see Wood Plantation shutters, engineered hardwood flooring, and Granite kitchen counters situated in a custom-built center island. The family room also contains a large custom-built entertainment center that gives you the feel of a movie theatre. As you look through the sliding door you see your landscaped backyard with Aluminum patio covering and fire pit. As you head up to the upstairs you will notice the stairs are made of engineered hardwood adding to the decor of the home. The large master bedroom and bedrooms offer upgraded style doors & the Master bath has been set for privacy. A great den area as you enter the upstairs contains engineered hardwood flooring, ceiling fan, and is ready to entertain the kids. Additional 2 nice sized bedrooms with carpet are ready to welcome your family.

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: Sierra Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $148k584k

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

Neighborhood: Sierra Lakes

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2110012001300140015001600170018001900200021002200230024002500Rent in $10822524

* 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
 

$486,000$594,000$540,000

PURCHASE PRICE

$2,277$2,783$2,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,530
EXPENSES Loan Payment -$1,876
Property Tax -$612
Property Insurance -$83
Property Management Fees -$149
CASH FLOW
-$190

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.

$540,000

PROJECTED PRICE

$2,530

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 5.6%
Maintenance Year (1-5) 8.00%
Vacancy 5.35%
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$148,850

INVESTMENT

$148,850

Down Payment
$135,000
Rehab Estimate
$5,750
Closing Costs
$8,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,876

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $135,000
Loan Amount $405,000
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$18,135

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,530

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $2,616

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,5303$2,5504$2,5505$2,900
$2,900
RENT COMPS ANALYSIS
  • 16249 Yorba Linda Lane Fontana, CA 2
    • 3 beds 3 baths ∙ 2,320 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,320 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,530
    • $1.09
    •  
  • 16777 Colonial Drive Fontana, CA 1
    • 4 beds 3 baths ∙ 2,160 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,160 Sqft ∙ Built 2000
    property image
    LEASED 04/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.11
    •  
  • 16540 Westmoor Place Fontana, CA 3
    • 3 beds 3 baths ∙ 2,414 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,414 Sqft ∙ Built 2013
    property image
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.06
    •  
  • 16690 Baywood Lane Fontana, CA 4
    • 4 beds 3 baths ∙ 2,160 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,160 Sqft ∙ Built 2000
    property image
    LEASED 03/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.18
    •  
  • 6146 Medinah Street Fontana, CA 5
    • 4 beds 3 baths ∙ 2,492 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,492 Sqft ∙ Built 2002
    property image
    LEASED 12/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.16
    •  
PROPERTY LISTING DETAILS
Max Garcia
Reliance Real Estate Services
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21000056
Last Updated: 01/08/2021
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