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18195 Arrow Boulevard Fontana, CA 92335

3 Beds 2 Baths 1,400 sqft Built 2005

$460,000

List Price

$1,950

$1.8K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $328.57
  • 5 Days on Market
  • MLS # : CV21044378
  • Updated Date : 03/05/2021 at 12:17
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,400 sqft
  • Baths : 2 full
Listing Agent

One West Realty

Listing Agent's Description

Home has lots of potential, back yard completely cemented great for parties with access to a restroom without accessing the home. it also has alley access with car access to the back yard and lot of room for parking, however side of home has also plenty of parking, Or room to built a pool. really cute shed out back, underground oven for those big parties. Very roomy living room, 3 bedrooms, and 2 bath. Come see it for your self.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
Ted Porter Elementary School Primary Regular 769 28 4
Alder Middle School Middle Regular 1,167 48 2
Fontana A. B. Miller High School High Regular 2,352 112 4

Ted Porter Elementary School

  • Education Level: Primary
  • # of students: 769
  • # of teachers: 28
4
GreatSchools Rating

Alder Middle School

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

Fontana A. B. Miller High School

  • Education Level: High
  • # of students: 2,352
  • # of teachers: 112
4
GreatSchools Rating
 

$414,000$506,000$460,000

PURCHASE PRICE

$1,755$2,145$1,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,950
EXPENSES Loan Payment -$1,598
Property Tax -$421
Property Insurance -$61
Property Management Fees -$115
CASH FLOW
-$245

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.

$460,000

PROJECTED PRICE

$1,950

PROJECTED RENT

0.42%

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

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$127,650

INVESTMENT

$127,650

Down Payment
$115,000
Rehab Estimate
$5,750
Closing Costs
$6,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,598

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $115,000
Loan Amount $345,000
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$9,790

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,950

    LIST RENT
  • $1.39

    LIST RENT PER SQFT
  • $1,960

    COMP ESTIMATED VALUE
  • $1.4

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,0003$2,1004$2,2005$2,400
$2,400
RENT COMPS ANALYSIS
  • 18195 Arrow Boulevard Fontana, CA 1
    • 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.39
    •  
  • 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
    property image
    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
    property image
    LEASED 03/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.36
    •  
  • 7430 Kempster Avenue Fontana, CA 4
    • 3 beds 2 baths ∙ 1,615 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,615 Sqft ∙ Built 1996
    property image
    LEASED 01/10/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.36
    •  
  • 7641 Rosecrest Lane Fontana, CA 5
    • 4 beds 3 baths ∙ 1,700 Sqft ∙ Built 1990 4 beds 3 baths ∙ 1,700 Sqft ∙ Built 1990
    property image
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.41
    •  
PROPERTY LISTING DETAILS
Maria Gonzalez
One West Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21044378
Last Updated: 03/05/2021
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