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17654 Vine Court Fontana, CA 92335

3 Beds 2 Baths 1,155 sqft Built 1969

INVESTimate

$390,000

List Price

$2,010

$1,809 - $2,211

Rent Est.

$424,242  ( +8.78%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 1969
  • Price/Sqft : $337.66
  • 2 Days on Market
  • MLS # : CV20174519
  • Updated Date : 08/25/2020 at 11:37
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,155 sqft
  • Baths : 2 full
Listing Agent

Mainstreet Realtors

Listing Agent's Description

Very well maintained one story home, that sits on a cul-de-sac in the city of Fontana. 3 bedrooms and 2 bathrooms plus attached 2-car garage with direct access to home. Kitchen opens to dining area which makes entertaining effortless. Living-room boasts a beautiful brick fireplace for cozy winters, laminate flooring and crown molding, freshly painted. Master bedroom has a tiled walk-in shower. Backyard includes a patio, two sheds on foundation, Rear RV access for all your toys, Dog run for your family's best friend... Near schools, restaurants and Pacific Electric Running Trails. See property Video and Matterport 3D Virtual Tour.

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: 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
South Tamarind Elementary School Primary Regular 773 28 3
Fontana Middle School Middle Regular 1,104 44 3
Fontana High School High Regular 2,536 120 5

South Tamarind Elementary School

  • Education Level: Primary
  • # of students: 773
  • # of teachers: 28
3
GreatSchools Rating

Fontana Middle School

  • Education Level: Middle
  • # of students: 1,104
  • # of teachers: 44
3
GreatSchools Rating

Fontana High School

  • Education Level: High
  • # of students: 2,536
  • # of teachers: 120
5
GreatSchools Rating
 

$351,000$429,000$390,000

PURCHASE PRICE

$1,809$2,211$2,010

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$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,010
EXPENSES Loan Payment -$1,439
Property Tax -$414
Property Insurance -$55
Property Management Fees -$119
CASH FLOW
-$17

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.

$390,000

PROJECTED PRICE

$2,010

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.76%
Appreciation Year (1-5) 8.78%
Maintenance Year (1-5) 8.00%
Vacancy 5.41%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$109,100

INVESTMENT

$109,100

Down Payment
$97,500
Rehab Estimate
$5,750
Closing Costs
$5,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,439

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $97,500
Loan Amount $292,500
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$27,000

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,010

    LIST RENT
  • $1.74

    LIST RENT PER SQFT
  • $1,715

    COMP ESTIMATED VALUE
  • $1.49

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7503$2,0104$2,2505$2,300
$2,300
RENT COMPS ANALYSIS
  • 17654 Vine Court Fontana, 3
    • 3 beds 2 baths ∙ 1,155 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,155 Sqft ∙ Built 1969
    • Rent
    • Rent Per SQFT
    •  
    • $2,010
    • $1.74
    •  
  • 7399 Kempster Avenue Fontana, 1
    • 3 beds 2 baths ∙ 1,207 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,207 Sqft ∙ Built 1983
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.40
    •  
  • 17646 Dorsey Avenue Fontana, 2
    • 3 beds 2 baths ∙ 1,160 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,160 Sqft ∙ Built 1955
    LEASED 05/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.51
    •  
  • 16970 Walnut Court Fontana, 4
    • 3 beds 3 baths ∙ 1,502 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,502 Sqft ∙ Built 1988
    LEASED 06/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.50
    •  
  • 9466 Emerald Avenue Fontana, 5
    • 3 beds 2 baths ∙ 1,505 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,505 Sqft ∙ Built 1972
    LEASED 07/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.53
    •  
PROPERTY LISTING DETAILS
Claudio Ingleton
Mainstreet Realtors
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20174519
Last Updated: 08/25/2020
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