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16852 Windcrest Drive Fontana, CA 92337

3 Beds 2 Baths 1,518 sqft Built 1998

INVESTimate

$419,950

List Price

$2,080

$1,872 - $2,288

Rent Est.

$454,134  ( +8.14%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1998
  • Price/Sqft : $276.65
  • 7 Days on Market
  • MLS # : CV20171271
  • Updated Date : 08/21/2020 at 05:08
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,518 sqft
  • Baths : 2 full
Listing Agent

Century 21 Award

Listing Agent's Description

***LOVELY SINGLE STORY HOME***STANDARD SALE*** Immaculate hard to find single story home located In a quiet well kept neighborhood*Large front porch and front yard nicely landscaped*Open floor plan*Move in ready with 3 bedrooms, 2 baths and 2 car garage (garage currently converted into a room but still has garage door and can be easily converted back into a garage)*Family room has a cozy fireplace and opens into the kitchen*Kitchen has granite counter tops, beautiful custom cabinetry, tile flooring and water filtration system*Hardwood floors in Living room, family room, hallway, Master and one bedroom* Ceramic tile in kitchen, bathrooms, and laundry room*Shows like a model.***TURNKEY**Whole house Water Softener and Solar Panels (assumable lease)*Newer 50 gallon water heater with warranty*Close to parks, schools, shopping and 10 & 60 Fwy**JUST SHOW & SELL*

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
 

$377,955$461,945$419,950

PURCHASE PRICE

$1,872$2,288$2,080

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 $2,080
EXPENSES Loan Payment -$1,549
Property Tax -$447
Property Insurance -$64
Property Management Fees -$123
CASH FLOW
-$103

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.

$419,950

PROJECTED PRICE

$2,080

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 8.14%
Maintenance Year (1-5) 8.00%
Vacancy 5.43%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$117,037

INVESTMENT

$117,037

Down Payment
$104,988
Rehab Estimate
$5,750
Closing Costs
$6,299

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,549

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $104,988
Loan Amount $314,963
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$22,203

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,080

    LIST RENT
  • $1.37

    LIST RENT PER SQFT
  • $2,118

    COMP ESTIMATED VALUE
  • $1.4

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,0803$2,2754$2,4005$2,400
$2,400
RENT COMPS ANALYSIS
  • 16852 Windcrest Drive Fontana, 2
    • 3 beds 2 baths ∙ 1,518 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,518 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $2,080
    • $1.37
    •  
  • 16606 Windcrest Drive Fontana, 1
    • 3 beds 2 baths ∙ 1,329 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,329 Sqft ∙ Built 1998
    LEASED 05/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.47
    •  
  • 16963 El Agua Drive Fontana, 3
    • 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
    •  
  • 16460 Windcrest Drive Fontana, 4
    • 4 beds 3 baths ∙ 1,660 Sqft ∙ Built 1989 4 beds 3 baths ∙ 1,660 Sqft ∙ Built 1989
    LEASED 12/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.45
    •  
  • 11437 Citrus Glen Lane Fontana, 5
    • 4 beds 3 baths ∙ 1,745 Sqft ∙ Built 1993 4 beds 3 baths ∙ 1,745 Sqft ∙ Built 1993
    LEASED 01/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.38
    •  
PROPERTY LISTING DETAILS
Michelle Esparza
Century 21 Award
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20171271
Last Updated: 08/21/2020
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