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4909 Fauna Street Montclair, CA 91763

3 Beds 2 Baths 1,201 sqft Built 1957

INVESTimate

$449,000

List Price

$1,940

$1,746 - $2,134

Rent Est.

$481,328  ( +7.20%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1957
  • Price/Sqft : $373.86
  • 11 Days on Market
  • MLS # : CV20167095
  • Updated Date : 08/25/2020 at 05:05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,201 sqft
  • Baths : 2 full
Listing Agent

Century 21 Peak

Listing Agent's Description

Located on a Cul-de-Sac, this Partially Remodeled Home is Ready for a New Home Owner to Finish the Job and Make it Their Own! Remodeled Living Room Features Custom Built-in Shelving and Cabinets Surrounding a Sleek Fireplace with Beautiful Glass Tile Accents. New Interior Doors, Dual-pane Windows & Beautiful Plantation Shutters are Throughout the Home. The Newer Flooring Continues Down the Hallway in Addition to the Crown Molding and Recessed Lighting. Newer A/C & Water Heater. Two of the Bedrooms have the Original Hardwood Floors already Sanded and Ready for Staining. The Kitchen has the Original Cabinetry & the Flooring in the Dining Room and Kitchen has been Removed. There is a Large Enclosed Patio off of the Dining Area that Leads to the Large Backyard. Fully Fenced Yard with Plenty of Room in Front for Extra Parking. Centrally Located Near Schools, Shopping, Entertainment & Easy Freeway Access. Bring your Imagination and Tool Belt and Finish what is sure to be a Wonderful Family Home!

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: Montclair

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $116k497k

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

Neighborhood: Montclair

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q21000110012001300140015001600170018001900200021002200Rent in $9112210

* 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
Monte Vista Elementary School Primary Regular 671 26 6
Serrano Middle School Middle Regular 769 39 7
Montclair High School High Regular 3,034 117 6

Monte Vista Elementary School

  • Education Level: Primary
  • # of students: 671
  • # of teachers: 26
6
GreatSchools Rating

Serrano Middle School

  • Education Level: Middle
  • # of students: 769
  • # of teachers: 39
7
GreatSchools Rating

Montclair High School

  • Education Level: High
  • # of students: 3,034
  • # of teachers: 117
6
GreatSchools Rating
 

$404,100$493,900$449,000

PURCHASE PRICE

$1,746$2,134$1,940

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-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,940
EXPENSES Loan Payment -$1,657
Property Tax -$412
Property Insurance -$56
Property Management Fees -$114
CASH FLOW
-$300

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.

$449,000

PROJECTED PRICE

$1,940

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.76%
Appreciation Year (1-5) 7.20%
Maintenance Year (1-5) 8.00%
Vacancy 5.41%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$124,735

INVESTMENT

$124,735

Down Payment
$112,250
Rehab Estimate
$5,750
Closing Costs
$6,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,657

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,250
Loan Amount $336,750
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$9,175

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,940

    LIST RENT
  • $1.62

    LIST RENT PER SQFT
  • $1,958

    COMP ESTIMATED VALUE
  • $1.63

    COMP AVG. RENT PER SQFT
Comps Range
$1,940
1$1,9402$2,1503$2,2504$2,4005$2,400
$2,400
RENT COMPS ANALYSIS
  • 4909 Fauna Street Montclair, 1
    • 3 beds 2 baths ∙ 1,201 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,201 Sqft ∙ Built 1957
    • Rent
    • Rent Per SQFT
    •  
    • $1,940
    • $1.62
    •  
  • 4391 Harvard Montclair, 2
    • 4 beds 2 baths ∙ 1,325 Sqft ∙ Built 1954 4 beds 2 baths ∙ 1,325 Sqft ∙ Built 1954
    LEASED 07/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.62
    •  
  • 9558 Marion Montclair, 3
    • 3 beds 2 baths ∙ 1,322 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,322 Sqft ∙ Built 1957
    LEASED 02/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.70
    •  
  • 4971 Granada Street Montclair, 4
    • 3 beds 2 baths ∙ 1,472 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,472 Sqft ∙ Built 1961
    LEASED 11/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.63
    •  
  • 10026 Marion Avenue Montclair, 5
    • 4 beds 2 baths ∙ 1,527 Sqft ∙ Built 1961 4 beds 2 baths ∙ 1,527 Sqft ∙ Built 1961
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.57
    •  
PROPERTY LISTING DETAILS
Amy Heffelfinger
Century 21 Peak
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20167095
Last Updated: 08/25/2020
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