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PROPERTY INFO
FACTS
- Single Family
- Built In 1955
- Price/Sqft : $336.57
- 7 Days on Market
- MLS # : IV20261306
- Updated Date : 12/23/2020 at 17:34
CONSTRUCTION
- Beds : 4
- Floor Size : 1,337 sqft
- Baths : 2 full
Listing Agent
Caldwell & Taylor Realty
Listing Agent's Description
ABSOLUTELY STUNNING 4 BEDROOM 2 BATHROOM SINGLE FAMILY RESIDENCE! BEAUTIFULLY RENOVATED HOME APPROXIMATELY 1,353 SQUARE FEET ON A LARGE 7,535 SQUARE FOOT LOT! THIS HOME IS A MUST SEE! MOVE IN READY WITH ALL OF THE UPGRADES: QUARTZ COUNTER TOPS IN KITCHEN, CEILING FANS THROUGHOUT, NEW WINDOWS, NEW SINKS, LAMINATE FLOORING, ETC!! LARGE CLOSETS IN BEDROOMS AND DESIGNATED LAUNDRY AREA NEXT TO THE KITCHEN! BRAND NEW FRONT LAWN WITH NEW IRRIGATION SYSTEM AND A DETACHED 2 CAR GARAGE! LARGE BACK YARD WITH COVERED PATIO PERFECT FOR ENTERTAINING! HOME IS ON A QUIET STREET NEAR THE 210, 10 & 15 FREEWAYS! READY TO MOVE IN IMMEDIATELY & PRICED TO SELL. THIS HOME WILL NOT LAST LONG! PROPERTY IS BEING SOLD IN AS IS CONDITION, SELLER UNAWARE OF PERMIT STATUS, BUYER TO VERIFY ALL PERMITS INCLUDING BUT NOT LIMITED TO BED/BATH/SQ FT/YEAR BUILT/ AND ALL OTHER INFO FOR ITS ACCURACY/BUYERS SATISFACTION. ***ONLY CONTACT CO LISTING AGENT MALCOLM SCATLIFFE WITH ANY QUESTIONS.
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MARKET HIGHLIGHTS
- 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.
- 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)
PRICE & RENT TRENDS
Neighborhood: Fontana
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Fontana
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,070 |
| EXPENSES | Loan Payment | -$1,660 |
| Property Tax | -$478 | |
| Property Insurance | -$60 | |
| Property Management Fees | -$122 | |
|
CASH FLOW
-$250
|
||
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.
$449,990
PROJECTED PRICE
$2,070
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.76% |
| Appreciation Year (1-5) | 8.8% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.41% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$124,997
LOAN DETAILS
$1,660
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $112,498 |
| Loan Amount | $337,493 |
2.75
YEARS SAVED
$11,680
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,070
LIST RENT -
$1.55
LIST RENT PER SQFT
-
COMP ESTIMATED VALUE -
COMP AVG. RENT PER SQFT
Comps Range
-
16537 Barbee Street Fontana, CA
- 4 beds 2 baths ∙ 1,337 Sqft ∙ Built 1955 4 beds 2 baths ∙ 1,337 Sqft ∙ Built 1955
- Rent
- Rent Per SQFT
- $2,070
- $1.55
PROPERTY LISTING DETAILS
Caldwell & Taylor Realty
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: IV20261306
Last Updated: 12/23/2020
