Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

17448 Filbert Street Fontana, CA 92335

3 Beds 2 Baths 1,860 sqft Built 1961

$449,500

List Price

$2,450

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

December 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1961
  • Price/Sqft : $241.67
  • 2 Days on Market
  • MLS # : EV20260490
  • Updated Date : 12/19/2020 at 18:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,860 sqft
  • Baths : 2 full
Listing Agent

California Real Estate & Investments

Listing Agent's Description

Attractive single story home in the Fontana area. Home features an exceptional family floor plan with 3 bedrooms, 2 baths, large great room with french sliding doors leading to the pool and large back yard good for entertaining. Plantation window shutters throughout and vinyl flooring add elegance and stature. Solar panels, Central A/C and heat, The kitchen comes with all appliances, 2 car garage with remote door and metal security front door. The Master bedroom features a bath, large closets and access to the back yard to enjoy the pool.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
Palmetto Elementary School Primary Regular 960 34 4
Harry S. Truman Middle School Middle Regular 1,213 53 2
Jurupa Hills High School High Regular 2,081 94 4

Palmetto Elementary School

  • Education Level: Primary
  • # of students: 960
  • # of teachers: 34
4
GreatSchools Rating

Harry S. Truman Middle School

  • Education Level: Middle
  • # of students: 1,213
  • # of teachers: 53
2
GreatSchools Rating

Jurupa Hills High School

  • Education Level: High
  • # of students: 2,081
  • # of teachers: 94
4
GreatSchools Rating
 

$404,550$494,450$449,500

PURCHASE PRICE

$2,205$2,695$2,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,450
EXPENSES Loan Payment -$1,658
Property Tax -$477
Property Insurance -$72
Property Management Fees -$145
CASH FLOW
$97

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.

$449,500

PROJECTED PRICE

$2,450

PROJECTED RENT

0.55%

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$1.6M

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$124,868

INVESTMENT

$124,868

Down Payment
$112,375
Rehab Estimate
$5,750
Closing Costs
$6,743

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,658

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,375
Loan Amount $337,125
See What Happens When You Reinvest Cash Flow

6.92

YEARS SAVED

$44,152

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
  • $1.32

    LIST RENT PER SQFT
  • $2,579

    COMP ESTIMATED VALUE
  • $1.39

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,4003$2,4004$2,450
$2,450
RENT COMPS ANALYSIS
  • 17448 Filbert Street Fontana, CA 4
    • 3 beds 2 baths ∙ 1,860 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,860 Sqft ∙ Built 1961
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.32
    •  
  • 18150 Athol Street Fontana, CA 1
    • 4 beds 2 baths ∙ 1,663 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,663 Sqft ∙ Built 1979
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.38
    •  
  • 9134 Kaiser Avenue Fontana, CA 2
    • 3 beds 2 baths ∙ 1,569 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,569 Sqft ∙ Built 1963
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.53
    •  
  • 8868 Tangelo Avenue Fontana, CA 3
    • 4 beds 3 baths ∙ 1,920 Sqft ∙ Built 1954 4 beds 3 baths ∙ 1,920 Sqft ∙ Built 1954
    LEASED 08/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.25
    •  
PROPERTY LISTING DETAILS
Peter Torres
California Real Estate & Investments
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: EV20260490
Last Updated: 12/19/2020
BESbswy