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5427 Huntmaster Lane Fontana, CA 92336

3 Beds 2 Baths 1,311 sqft Built 1997

INVESTimate

$475,000

List Price

$2,090

$1,881 - $2,299

Rent Est.

$502,028  ( +5.69%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 1997
  • Price/Sqft : $362.32
  • 5 Days on Market
  • MLS # : CV20172439
  • Updated Date : 08/23/2020 at 07:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,311 sqft
  • Baths : 2 full
Listing Agent

Exp Realty Of California Inc

Listing Agent's Description

INTRODUCING 5427 HUNTMASTER LN! This single-story home is located in the planned development of Hunter's Ridge just north of the 210 Freeway and west of the 15 Freeway, with ease of freeway access. The community is close to the Falcon Ridge Town center which has a Target, Kohl's, a Starbuck's and other eateries. Schools are located in the ETIWANDA DISTRICT! This home features an AMAZING BACKYARD, with an in-ground POOL & SPA with brick accents, an alumawood covered patio with a ceiling fan, and built-in, BBQ! The OPEN FLOOR PLAN offers a living room with a fireplace, dining area, and a spacious kitchen with bar seating. There is a main bedroom suite with an en suite bath that has been remodeled! Other features included newer flooring throughout, direct garage access, and much more! This is such a beautiful property, make your appointment now.

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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: Hunter's Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $148k606k

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

Neighborhood: Hunter's Ridge

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2110012001300140015001600170018001900200021002200230024002500Rent in $10822523

* 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
David W. Long Elementary School Primary Regular 826 33 8
Summit Intermediate School Middle Regular 1,108 49 7
Etiwanda High School High Regular 3,458 126 8

David W. Long Elementary School

  • Education Level: Primary
  • # of students: 826
  • # of teachers: 33
8
GreatSchools Rating

Summit Intermediate School

  • Education Level: Middle
  • # of students: 1,108
  • # of teachers: 49
7
GreatSchools Rating

Etiwanda High School

  • Education Level: High
  • # of students: 3,458
  • # of teachers: 126
8
GreatSchools Rating
 

$427,500$522,500$475,000

PURCHASE PRICE

$1,881$2,299$2,090

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 $2,090
EXPENSES Loan Payment -$1,753
Property Tax -$525
Property Insurance -$59
Property Management Fees -$123
CASH FLOW
-$370

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.

$475,000

PROJECTED PRICE

$2,090

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 5.69%
Maintenance Year (1-5) 8.00%
Vacancy 5.35%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$131,625

INVESTMENT

$131,625

Down Payment
$118,750
Rehab Estimate
$5,750
Closing Costs
$7,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,753

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $118,750
Loan Amount $356,250
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$7,219

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,090

    LIST RENT
  • $1.59

    LIST RENT PER SQFT
  • $1,829

    COMP ESTIMATED VALUE
  • $1.4

    COMP AVG. RENT PER SQFT
Comps Range
$2,090
1$2,0902$2,2003$2,300
$2,300
RENT COMPS ANALYSIS
  • 5427 Huntmaster Lane Fontana, 1
    • 3 beds 2 baths ∙ 1,311 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,311 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $2,090
    • $1.59
    •  
  • 6529 Falcon Avenue Fontana, 2
    • 3 beds 3 baths ∙ 1,596 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,596 Sqft ∙ Built 1997
    LEASED 03/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.38
    •  
  • 5456 Buckskin Drive Fontana, 3
    • 3 beds 3 baths ∙ 1,629 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,629 Sqft ∙ Built 1997
    LEASED 04/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.41
    •  
PROPERTY LISTING DETAILS
Donald Mowery
Exp Realty Of California Inc
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20172439
Last Updated: 08/23/2020
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