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16537 Barbee Street Fontana, CA 92336

4 Beds 2 Baths 1,337 sqft Built 1955

$449,990

List Price

$2,070

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

December 22, 2020 RECENTLY ADDED
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

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $116k479k

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

Neighborhood: Fontana

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2100011001200130014001500160017001800190020002100Rent in $9112139

* 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
Juniper Elementary School Primary Regular 607 22 3
Wayne Ruble Middle School Middle Regular 1,168 47 5
Fontana A. B. Miller High School High Regular 2,352 112 4

Juniper Elementary School

  • Education Level: Primary
  • # of students: 607
  • # of teachers: 22
3
GreatSchools Rating

Wayne Ruble Middle School

  • Education Level: Middle
  • # of students: 1,168
  • # of teachers: 47
5
GreatSchools Rating

Fontana A. B. Miller High School

  • Education Level: High
  • # of students: 2,352
  • # of teachers: 112
4
GreatSchools Rating
 

$404,991$494,989$449,990

PURCHASE PRICE

$1,863$2,277$2,070

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$124,997

INVESTMENT

$124,997

Down Payment
$112,498
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,660

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,498
Loan Amount $337,493
See What Happens When You Reinvest Cash Flow

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
$2,070
1$2,070
$2,070
RENT COMPS ANALYSIS
  • 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
Anthony Taylor
Caldwell & Taylor Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV20261306
Last Updated: 12/23/2020
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