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16262 Pablo Creek Lane Fontana, CA 92336

3 Beds 3 Baths 2,091 sqft Built 2005

INVESTimate

$490,000

List Price

$2,300

$2,070 - $2,530

Rent Est.

$517,587  ( +5.63%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 2005
  • Price/Sqft : $234.34
  • 3 Days on Market
  • MLS # : CV20173243
  • Updated Date : 08/24/2020 at 08:18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,091 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Time Realty

Listing Agent's Description

Meticulously maintained Sierra Lakes home. Great curb appeal with artificial grass to keep your lawn green all year long. Enter through the glass entry door into a formal foyer. Wood laminate flooring leads you into the open concept floorplan with great room, dining and kitchen. Kitchen features white cabinetry, granite counters, stainless steel appliances and countertop seating. Step into the beautifully done hardscaped/landscaped back yard with covered patio. Headed to stairs you'll find a huge loft with barn door, great space for entertaining. Large master suite featuring a large walk in closet and a bathroom with seperate tub and shower. Adjacent to the master, you'll find 2 generously sized secondary bedrooms and a hall bath. Close to shopping and conveniently located for easy 210 freeway access.

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
 

$441,000$539,000$490,000

PURCHASE PRICE

$2,070$2,530$2,300

RENT

DOWN PAYMENT
FINANCING

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-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,300
EXPENSES Loan Payment -$1,808
Property Tax -$555
Property Insurance -$78
Property Management Fees -$136
CASH FLOW
-$276

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.

$490,000

PROJECTED PRICE

$2,300

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 5.63%
Maintenance Year (1-5) 8.00%
Vacancy 5.35%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$135,600

INVESTMENT

$135,600

Down Payment
$122,500
Rehab Estimate
$5,750
Closing Costs
$7,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,808

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $122,500
Loan Amount $367,500
See What Happens When You Reinvest Cash Flow

2.92

YEARS SAVED

$13,366

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,300

    LIST RENT
  • $1.1

    LIST RENT PER SQFT
  • $2,556

    COMP ESTIMATED VALUE
  • $1.22

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,4003$2,4004$2,5005$2,500
$2,500
RENT COMPS ANALYSIS
  • 16262 Pablo Creek Lane Fontana, 1
    • 3 beds 3 baths ∙ 2,091 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,091 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.10
    •  
  • 16739 Inverness Lane Fontana, 2
    • 3 beds 3 baths ∙ 1,977 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,977 Sqft ∙ Built 2000
    LEASED 02/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.21
    •  
  • 6072 Bel Air Drive Fontana, 3
    • 3 beds 3 baths ∙ 2,091 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,091 Sqft ∙ Built 2003
    LEASED 01/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.15
    •  
  • 5758 Ventana Drive Fontana, 4
    • 3 beds 3 baths ∙ 1,956 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,956 Sqft ∙ Built 2001
    LEASED 01/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.28
    •  
  • 6062 Hilton Head Lane Fontana, 5
    • 4 beds 2 baths ∙ 2,000 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,000 Sqft ∙ Built 2000
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.25
    •  
PROPERTY LISTING DETAILS
Joel Valmonte
Re/max Time Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20173243
Last Updated: 08/24/2020
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