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16869 Windcrest Drive Fontana, CA 92337

4 Beds 3 Baths 2,178 sqft Built 1998

$495,000

List Price

$2,360

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $227.27
  • 2 Days on Market
  • MLS # : CV21024873
  • Updated Date : 02/06/2021 at 21:34
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,178 sqft
  • Baths : 3 full
Listing Agent

Higher Realty Inc.

Listing Agent's Description

This BEAUTIFUL Southridge Fontana Two-Story Smart Home will sell fast! As you walk in you are greeted by the impressive vaulted ceilings, laminate flooring & a beautiful staircase with two-toned railing. The modern kitchen has recently upgraded cabinetry, recessed lighting, quartz countertops, subway tile backsplash & stainless steel appliances. Gorgeous tile flooring connects the kitchen to the family room which boasts a white brick fireplace with natural wood mantle while the sliding glass doors leading to the backyard let in an abundance of natural light. Downstairs you'll also find a room that can serve as an office or guest quarters with a full bathroom across the hall. Make your way upstairs & into the spacious Master Suite which has laminate floors, shutters, walk-in closet & a large Master Bathroom with a double vanity, tiled shower/tub & private toilet. Down the hall are 2 additional large bedrooms with one more full bathroom. Entertain your family & friends in the spacious landscaped backyard which has a beautiful covered wood patio (includes a mounted television, ceiling fans & surround sound system), wrap-around garden & dog run. The 3-car garage has washer/dryer hookups & includes a water softener. Upgraded HVAC replaced in 2019. Various smart home amenities include a Ring Video Doorbell, Yale Smart Lock, Ring alarm & Nest Smart Thermostat. The home’s close proximity to local parks, shopping centers and the 10 & 60 Freeways make your daily commute a breeze.

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
Ruth O. Harris Middle School Middle Regular 808 36 3
Bloomington High School High Regular 2,037 84 4
Ruth O. Harris Middle School Middle Unknown NA

Ruth O. Harris Middle School

  • Education Level: Middle
  • # of students: 808
  • # of teachers: 36
3
GreatSchools Rating

Bloomington High School

  • Education Level: High
  • # of students: 2,037
  • # of teachers: 84
4
GreatSchools Rating

Ruth O. Harris Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$445,500$544,500$495,000

PURCHASE PRICE

$2,124$2,596$2,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,360
EXPENSES Loan Payment -$1,719
Property Tax -$527
Property Insurance -$80
Property Management Fees -$139
CASH FLOW
-$106

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.

$495,000

PROJECTED PRICE

$2,360

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 8.1%
Maintenance Year (1-5) 8.00%
Vacancy 5.43%
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$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$136,925

INVESTMENT

$136,925

Down Payment
$123,750
Rehab Estimate
$5,750
Closing Costs
$7,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,719

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $123,750
Loan Amount $371,250
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$21,968

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,360

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $2,401

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$2,250
1$2,2502$2,3503$2,3604$2,4005$2,500
$2,500
RENT COMPS ANALYSIS
  • 16869 Windcrest Drive Fontana, CA 3
    • 4 beds 3 baths ∙ 2,178 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,178 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $2,360
    • $1.08
    •  
  • 15865 Falcon Court Fontana, CA 1
    • 4 beds 3 baths ∙ 2,005 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,005 Sqft ∙ Built 1998
    LEASED 01/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.12
    •  
  • 17450 Pear Street Fontana, CA 2
    • 4 beds 2 baths ∙ 2,032 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,032 Sqft ∙ Built 2001
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.16
    •  
  • 16424 Applegate Drive Fontana, CA 4
    • 4 beds 3 baths ∙ 2,208 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,208 Sqft ∙ Built 1994
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.09
    •  
  • 11471 Leatherleaf Road Fontana, CA 5
    • 4 beds 3 baths ∙ 2,415 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,415 Sqft ∙ Built 1993
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.04
    •  
PROPERTY LISTING DETAILS
John Reyes
Higher Realty Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21024873
Last Updated: 02/06/2021
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