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16956 Schneider Street Fontana, CA 92336

3 Beds 3 Baths 1,926 sqft Built 2017

$569,900

List Price

$2,490

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $295.90
  • 8 Days on Market
  • MLS # : TR21058686
  • Updated Date : 03/23/2021 at 05:16
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,926 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Time Realty

Listing Agent's Description

Welcome home, to this well cared for home in the established community of Sierra Crest. This property is well positioned close to schools, shopping and more. Built in 2017, this energy efficient home is like new still, and is in move in condition. Located on a well maintained street with plenty of parking and community playground. Nice and welcoming front porch with a sunny and bright entry and lots of storage. Downstairs has half bathroom, small office space, eat in kitchen and family room. Upstairs has a nice primary bedroom, large walk-in closet and primary bathroom. Convenient upstairs laundry room with sink, lots of storage and full bathroom off the hallway. There are two other bedrooms up here that are of good size. There is also a smaller landing area up stairs with a large desk space. It's currently set up as a home office space. Outside in the backyard, the home features block walls, grass area, and upper planting area. There is a concrete patio space and covered area for relaxing out back. The concrete patio area is larger, so you could add additional cover on either side, if you so desired. See photos. Call listing agent for a showing appointment today.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 2018)

PRICE & RENT TRENDS

Zip Code: 92336

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $143k526k

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

Zip Code: 92336

ZipNIR Market*CityMarket2010Year2000 Q22019 Q211001200130014001500160017001800190020002100220023002400Rent in $10822424

* 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
Kordyak Elementary School Primary Regular 480 16 5
Kucera Middle School Middle Regular 1,218 45 2
Carter High School High Regular 2,412 98 6

Kordyak Elementary School

  • Education Level: Primary
  • # of students: 480
  • # of teachers: 16
5
GreatSchools Rating

Kucera Middle School

  • Education Level: Middle
  • # of students: 1,218
  • # of teachers: 45
2
GreatSchools Rating

Carter High School

  • Education Level: High
  • # of students: 2,412
  • # of teachers: 98
6
GreatSchools Rating
 

$512,910$626,890$569,900

PURCHASE PRICE

$2,241$2,739$2,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,490
EXPENSES Loan Payment -$1,979
Property Tax -$620
Property Insurance -$74
Property Management Fees -$147
CASH FLOW
-$330

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.

$569,900

PROJECTED PRICE

$2,490

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 6.3%
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

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$156,774

INVESTMENT

$156,774

Down Payment
$142,475
Rehab Estimate
$5,750
Closing Costs
$8,549

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,979

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $142,475
Loan Amount $427,425
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$11,092

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,490

    LIST RENT
  • $1.29

    LIST RENT PER SQFT
  • $2,581

    COMP ESTIMATED VALUE
  • $1.34

    COMP AVG. RENT PER SQFT
Comps Range
$2,195
1$2,1952$2,4903$2,5004$2,6005$2,750
$2,750
RENT COMPS ANALYSIS
  • 16956 Schneider Street Fontana, CA 2
    • 3 beds 3 baths ∙ 1,926 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,926 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,490
    • $1.29
    •  
  • 2130 Autumn Mist Drive Rialto, CA 1
    • 3 beds 3 baths ∙ 1,599 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,599 Sqft ∙ Built 1997
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.37
    •  
  • 5758 Ventana Drive Fontana, CA 3
    • 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
    •  
  • 5826 Ventana Drive Fontana, CA 4
    • 3 beds 3 baths ∙ 2,005 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,005 Sqft ∙ Built 2001
    LEASED 12/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.30
    •  
  • 16997 Raven Street Fontana, CA 5
    • 3 beds 3 baths ∙ 1,944 Sqft ∙ Built 2016 3 beds 3 baths ∙ 1,944 Sqft ∙ Built 2016
    LEASED 03/09/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.41
    •  
PROPERTY LISTING DETAILS
Scott Mount
Re/max Time Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: TR21058686
Last Updated: 03/23/2021
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