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5652 Grand Prix Court Fontana, CA 92336

4 Beds 2 Baths 1,463 sqft Built 1996

$525,000

List Price

$2,160

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $358.85
  • 9 Days on Market
  • MLS # : SB21047480
  • Updated Date : 03/12/2021 at 11:13
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,463 sqft
  • Baths : 2 full
Listing Agent

Myagent Real Estate Brokers

Listing Agent's Description

Home sweet home within the Hunter's Ridge community located in the well sought out Etiwanda School District. This beauty greets you with an incredibly charming curb appeal with a spacious concrete front porch. Upon entry an open floor plan offers laminate wood flooring and vaulted ceilings. Home offers a master bedroom with an ensuite bathroom with dual vanity sinks, 3 additional bedrooms and 1 guest full bathroom. Enjoy amenities such as shutters in formal living room windows, wood burning fireplace in family room, granite counter tops & back splash, breakfast bar, indoor laundry room, direct access to two car attached garage with epoxy flooring and HVAC is less than one year old. Home is waiting for it's new family to enjoy the short walks to San Sevaine and Hunter's Ridge Park, quick drive to Falcon Ridge Town Center and close proximity to freeway access.

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: 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
 

$472,500$577,500$525,000

PURCHASE PRICE

$1,944$2,376$2,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,160
EXPENSES Loan Payment -$1,824
Property Tax -$576
Property Insurance -$63
Property Management Fees -$127
CASH FLOW
-$429

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.

$525,000

PROJECTED PRICE

$2,160

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 5.7%
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-$10k-$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$144,875

INVESTMENT

$144,875

Down Payment
$131,250
Rehab Estimate
$5,750
Closing Costs
$7,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,824

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $131,250
Loan Amount $393,750
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$4,618

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,160

    LIST RENT
  • $1.48

    LIST RENT PER SQFT
  • $1,997

    COMP ESTIMATED VALUE
  • $1.37

    COMP AVG. RENT PER SQFT
Comps Range
$2,160
1$2,1602$2,3003$2,3004$2,4005$2,500
$2,500
RENT COMPS ANALYSIS
  • 5652 Grand Prix Court Fontana, CA 1
    • 4 beds 2 baths ∙ 1,463 Sqft ∙ Built 1996 4 beds 2 baths ∙ 1,463 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $2,160
    • $1.48
    •  
  • 5456 Buckskin Drive Fontana, CA 2
    • 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
    •  
  • 14729 Foxfield Lane Fontana, CA 3
    • 4 beds 3 baths ∙ 1,776 Sqft ∙ Built 1997 4 beds 3 baths ∙ 1,776 Sqft ∙ Built 1997
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.30
    •  
  • 15129 Wright Court Fontana, CA 4
    • 4 beds 2 baths ∙ 1,755 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,755 Sqft ∙ Built 1998
    LEASED 11/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.37
    •  
  • 15723 Parkhouse Drive Fontana, CA 5
    • 3 beds 3 baths ∙ 1,808 Sqft ∙ Built 2009 3 beds 3 baths ∙ 1,808 Sqft ∙ Built 2009
    LEASED 12/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.38
    •  
PROPERTY LISTING DETAILS
Mary Ann Garcia
Myagent Real Estate Brokers
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SB21047480
Last Updated: 03/12/2021
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