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5434 Massa Way Fontana, CA 92336

4 Beds 3 Baths 2,278 sqft Built 2011

$535,000

List Price

$2,570

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $234.86
  • 3 Days on Market
  • MLS # : IV21023078
  • Updated Date : 02/05/2021 at 14:11
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,278 sqft
  • Baths : 3 full
Listing Agent

Re/max Time Realty

Listing Agent's Description

Welcome to Shady Trails! One of the most elegant and private neighborhoods in North Fontana. You'll appreciate this corner lot home with great curb appeal and layout. As you step inside you'll find wood style tile throughout the first floor with plenty of windows for natural light. We've got the perfect space for your family to stay together as you cook, dine and spend time together in the open concept living space. There is a built in surround sound system for you to enjoy your favorite movie with your loved ones. The kitchen features a pantry and island with plenty of cabinet space. There is a bedroom in the first floor with a full bath just across. Come upstairs and you'll find a built in desk at the landing area for your home schooling or work, followed by a loft with 2 adjacent bedrooms. Master bedroom is big and has a large closet. Master bath features a tub and shower with his and her sink. The back yard is just the perfect size to let your kids come out and play. The complex features a large swimming pool, club house, gym, tennis courts and play ground. Very close to shopping centers, schools and easy freeway access. Come by and take a look before it's gone!

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: Shady Trails

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650kPrice in $148k689k

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

Neighborhood: Shady Trails

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2120014001600180020002200240026002800Rent in $10822846

* 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
 

$481,500$588,500$535,000

PURCHASE PRICE

$2,313$2,827$2,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,570
EXPENSES Loan Payment -$1,858
Property Tax -$567
Property Insurance -$82
HOA -$206
Property Management Fees -$152
CASH FLOW
-$296

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.

$535,000

PROJECTED PRICE

$2,570

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 4.5%
Maintenance Year (1-5) 8.00%
Vacancy 5.35%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$147,525

INVESTMENT

$147,525

Down Payment
$133,750
Rehab Estimate
$5,750
Closing Costs
$8,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,858

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $133,750
Loan Amount $401,250
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$9,966

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,570

    LIST RENT
  • $1.13

    LIST RENT PER SQFT
  • $2,665

    COMP ESTIMATED VALUE
  • $1.17

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,4003$2,5704$2,7005$2,800
$2,800
RENT COMPS ANALYSIS
  • 5434 Massa Way Fontana, CA 3
    • 4 beds 3 baths ∙ 2,278 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,278 Sqft ∙ Built 2011
    • Rent
    • Rent Per SQFT
    •  
    • $2,570
    • $1.13
    •  
  • 15723 Parkhouse Drive Fontana, CA 1
    • 3 beds 3 baths ∙ 1,930 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,930 Sqft ∙ Built 2008
    LEASED 10/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.14
    •  
  • 6072 Bel Air Drive Fontana, CA 2
    • 3 beds 3 baths ∙ 2,091 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,091 Sqft ∙ Built 2003
    LEASED 01/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.15
    •  
  • 5817 Ventana Drive Fontana, CA 4
    • 4 beds 3 baths ∙ 2,268 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,268 Sqft ∙ Built 2001
    LEASED 02/03/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.19
    •  
  • 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
Rodrigo Franco
Re/max Time Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV21023078
Last Updated: 02/05/2021
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