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17102 Volante Drive 
Fontana, CA
92337
4 Beds 2 Baths 1,970 sqft
Built 1998
INVESTimate
$495,000
List Price
$136,925
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PROPERTY INFO
FACTS
- Built In 1998
- Price/Sqft : $251.27
- 3 Days on Market
- MLS # : OC20174096
- Updated Date : 08/25/2020 at 15:27
CONSTRUCTION
- Beds : 4
- Floor Size : 1,970 sqft
- Baths : 2 full
Listing Agent
Realty One Group West
Listing Agent's Description
A home in the hills with a view!!! Super clean and move in ready, this single story home has a wonderful flowing floor plan. Open kitchen design with Corian countertops, stainless steel appliances and kitchen island. Lots of cabinets for storage and a separate pantry. Master bedroom suite is separated from the rest of the bedrooms. Master suite has walk-in closet, private bath with double sinks, soaking tub, separate shower and tile floors. On the opposite side of the house there are 3 good sized bedrooms all with wood laminate flooring. Hall bath has shower, tub and tile floors. Large indoor laundry room with cabinets and sink. Fresh paint throughout. Dedicated dining room, Living room with built in cabinets and Large family room off kitchen. Large tiled patio with patio cover. 3 A/C units. Large 2 car garage. And did I mention the view???
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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: South Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: South Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,450 |
| EXPENSES | Loan Payment | -$1,826 |
| Property Tax | -$453 | |
| Property Insurance | -$75 | |
| Property Management Fees | -$145 | |
|
CASH FLOW
-$48
|
||
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
$2,450
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 8.16% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.43% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$136,925
LOAN DETAILS
$1,826
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $123,750 |
| Loan Amount | $371,250 |
5.42
YEARS SAVED
$34,536
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,450
LIST RENT -
$1.24
LIST RENT PER SQFT
-
$2,517
COMP ESTIMATED VALUE -
$1.28
COMP AVG. RENT PER SQFT
Comps Range
-
17102 Volante Drive Fontana, 4
- 4 beds 2 baths ∙ 1,970 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,970 Sqft ∙ Built 1998
- Rent
- Rent Per SQFT
- $2,450
- $1.24
-
16963 El Agua Drive Fontana, 1
- 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
-
17450 Pear Street Fontana, 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
-
11144 Daylilly Street Fontana, 3
- 4 beds 2 baths ∙ 1,874 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,874 Sqft ∙ Built 2002
LEASED 10/26/19- Rent
- Rent Per SQFT
- $2,450
- $1.31
-
16371 Applegate Drive Fontana, 5
- 4 beds 3 baths ∙ 1,872 Sqft ∙ Built 1995 4 beds 3 baths ∙ 1,872 Sqft ∙ Built 1995
LEASED 03/09/20- Rent
- Rent Per SQFT
- $2,550
- $1.36
PROPERTY LISTING DETAILS
Realty One Group West
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: OC20174096
Last Updated: 08/25/2020
