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17943 Citron Ave Fontana, CA 92335

4 Beds 3 Baths 1,502 sqft Built 1986

$510,000

List Price

$1,960

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

December 01, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $339.55
  • 7 Days on Market
  • MLS # : IG20248868
  • Updated Date : 12/05/2020 at 10:33
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,502 sqft
  • Baths : 2 full , 1 half
Listing Agent

Excellence Re Real Estate

Listing Agent's Description

new Listing in the of Fontana so beautiful it looks a model home. It extra 1 bed rooms total 4 bed rooms and 2.5 bathrooms Master bathrooms complete remodeled whit modern rustic rustic stylel the windows of home are double panel and new they are energy saving, newly painted inside and out side whit granite tops, new and new costume fixtures, title and a wet bar flouring of the kitchen area own stairs bed room all have marble flooring. The chimney is in the living room and it's decorated whit many beautiful stones. The home features garage for 2 cars whit additional parking spaces outside. A/C is 3.5 tons capacity the outside of the home displays a beautiful landscape whit block walls around the home the back yard has plenty of the rooms and features and area of concrete flooring for parties and entertaining plenty of guests and many fruits trees such as a guava,lemon,orange and beautiful white birch tree and many tropical plants front yard is beautiful plant new sling doors in living area new flooring in the entre of house you need to see this home the out side paint is tex-cote lifetime warranty, new tankless water heater and new custom master bath, stove stainless steel,small atainless refrigerator staying and small microwave in much's more

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
Maple Elementary School Primary Regular 656 24 4
Alder Middle School Middle Regular 1,167 48 2
Jurupa Hills High School High Regular 2,081 94 4

Maple Elementary School

  • Education Level: Primary
  • # of students: 656
  • # of teachers: 24
4
GreatSchools Rating

Alder Middle School

  • Education Level: Middle
  • # of students: 1,167
  • # of teachers: 48
2
GreatSchools Rating

Jurupa Hills High School

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

$459,000$561,000$510,000

PURCHASE PRICE

$1,764$2,156$1,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,960
EXPENSES Loan Payment -$1,882
Property Tax -$509
Property Insurance -$64
Property Management Fees -$116
CASH FLOW
-$610

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.

$510,000

PROJECTED PRICE

$1,960

PROJECTED RENT

0.38%

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-$10k-$5.0k$0.0$5.0k

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$140,900

INVESTMENT

$140,900

Down Payment
$127,500
Rehab Estimate
$5,750
Closing Costs
$7,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,882

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $127,500
Loan Amount $382,500
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$776

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,960

    LIST RENT
  • $1.3

    LIST RENT PER SQFT
  • $2,065

    COMP ESTIMATED VALUE
  • $1.38

    COMP AVG. RENT PER SQFT
Comps Range
$1,960
1$1,9602$2,0003$2,1004$2,2955$2,300
$2,300
RENT COMPS ANALYSIS
  • 17943 Citron Ave Fontana, CA 1
    • 4 beds 3 baths ∙ 1,502 Sqft ∙ Built 1986 4 beds 3 baths ∙ 1,502 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $1,960
    • $1.30
    •  
  • 1285 W Vodden Street Rialto, CA 2
    • 3 beds 2 baths ∙ 1,365 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,365 Sqft ∙ Built 1985
    LEASED 12/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.47
    •  
  • 18234 Fairview Drive Fontana, CA 3
    • 3 beds 3 baths ∙ 1,548 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,548 Sqft ∙ Built 1987
    LEASED 03/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.36
    •  
  • 1330 W Alru Street Rialto, CA 4
    • 4 beds 2 baths ∙ 1,774 Sqft ∙ Built 1986 4 beds 2 baths ∙ 1,774 Sqft ∙ Built 1986
    LEASED 07/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.29
    •  
  • 18150 Athol Street Fontana, CA 5
    • 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
    •  
PROPERTY LISTING DETAILS
Gloria Castorena
Excellence Re Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IG20248868
Last Updated: 12/05/2020
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