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4884 Stoneglen Avenue Fontana, CA 92336

4 Beds 4 Baths 2,438 sqft Built 2013

$630,000

List Price

$2,620

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

January 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $258.41
  • 7 Days on Market
  • MLS # : CV21006033
  • Updated Date : 01/14/2021 at 08:58
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,438 sqft
  • Baths : 3 full , 1 half
Listing Agent

So Cal Realty & Property Mgmnt

Listing Agent's Description

IMMACULATE HOME IN COYOTE CANYON, west of the 15 Fwy. This newly constructed Van Daele Home boasts a nice open floor plan with fantastic natural light. Situated towards the end of a Cul-De-Sac, this 4 bedroom / 3.5 bathroom home features a stunning lay out. As you walk in, you're immediately greeted with natural stone Travertine floors throughout the downstairs. These timeless floors accentuate the flow of this home from the living area into the kitchen. The granite counters showcase the dark cabinetry accented by a fantastic kitchen island. A downstairs bedroom sits adjacent to the kitchen with its own private bathroom; perfect for a mother-in-law suite. As you walk upstairs, you'll notice the 9' foot ceilings throughout both levels of this luxury abode. The master bedroom showcases views of the snow-capped mountains ready for a balcony. The expansive back yard is ready for you to build a glistening pool in time for summer. The SOLAR PANELS ARE PAID OFF! No HOA! Minutes away from Victoria Gardens, makes this opportunity ready for your pickiest buyer.

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MARKET HIGHLIGHTS

  • 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.
  • 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)

PRICE & RENT TRENDS

Zip Code: 92336

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $143k526k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 92336

ZipNIR Market*CityMarket2010Year2000 Q22019 Q211001200130014001500160017001800190020002100220023002400Rent in $10822424

* 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
Sierra Lakes Elementary School Primary Regular 734 26 5
Wayne Ruble Middle School Middle Regular 1,168 47 5
Summit High School High Regular 2,606 108 6

Sierra Lakes Elementary School

  • Education Level: Primary
  • # of students: 734
  • # of teachers: 26
5
GreatSchools Rating

Wayne Ruble Middle School

  • Education Level: Middle
  • # of students: 1,168
  • # of teachers: 47
5
GreatSchools Rating

Summit High School

  • Education Level: High
  • # of students: 2,606
  • # of teachers: 108
6
GreatSchools Rating
 

$567,000$693,000$630,000

PURCHASE PRICE

$2,358$2,882$2,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,620
EXPENSES Loan Payment -$2,188
Property Tax -$577
Property Insurance -$86
Property Management Fees -$155
CASH FLOW
-$386

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.

$630,000

PROJECTED PRICE

$2,620

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 6.3%
Maintenance Year (1-5) 8.00%
Vacancy 5.43%
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$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$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$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$172,700

INVESTMENT

$172,700

Down Payment
$157,500
Rehab Estimate
$5,750
Closing Costs
$9,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,188

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $157,500
Loan Amount $472,500
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$11,894

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,620

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $2,682

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,5003$2,6204$2,8005$2,800
$2,800
RENT COMPS ANALYSIS
  • 4884 Stoneglen Avenue Fontana, CA 3
    • 4 beds 4 baths ∙ 2,438 Sqft ∙ Built 2013 4 beds 4 baths ∙ 2,438 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $2,620
    • $1.07
    •  
  • 14921 Sydney Avenue Fontana, CA 1
    • 4 beds 3 baths ∙ 2,328 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,328 Sqft ∙ Built 1998
    LEASED 11/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.07
    •  
  • 15396 Thistle Street Fontana, CA 2
    • 3 beds 3 baths ∙ 2,386 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,386 Sqft ∙ Built 2006
    LEASED 10/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.05
    •  
  • 15154 Willow Wood Lane Fontana, CA 4
    • 3 beds 3 baths ∙ 2,600 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,600 Sqft ∙ Built 2007
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.08
    •  
  • 4995 Millbrook Way Fontana, CA 5
    • 4 beds 3 baths ∙ 2,339 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,339 Sqft ∙ Built 2009
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.20
    •  
PROPERTY LISTING DETAILS
Kevin Gibbs
So Cal Realty & Property Mgmnt
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21006033
Last Updated: 01/14/2021
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