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5818 Boca Raton Way Fontana, CA 92336

4 Beds 3 Baths 2,992 sqft Built 2002

$625,000

List Price

$2,770

$2.5K - $3K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $208.89
  • 5 Days on Market
  • MLS # : CV20264466
  • Updated Date : 01/02/2021 at 11:57
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,992 sqft
  • Baths : 3 full
Listing Agent

All Nations Realty

Listing Agent's Description

The home offers a bedroom and full bathroom on the main floor, spacious kitchen and open floor plan and has been remodeled for the new owner with new modern flooring, new paint and new carpet. The first floor also has a spacious laundry room and direct access to a three car garage. This home is move-in ready. The upstairs offers 3 large bedrooms, 2 bathrooms and massive loft. The master bedroom offers a walk-in closet, roman tub and separate shower. The back yard offers block wall fencing all around, a large covered patio, play house, 2 storage sheds and has a bar area and is ready for a built-in BBQ, This is a must see. It also offers central air and heat, a cozy fireplace and amazing mountain views.

SEE MORE

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

Neighborhood: Sierra Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $148k584k

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

Neighborhood: Sierra Lakes

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2110012001300140015001600170018001900200021002200230024002500Rent in $10822524

* 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
 

$562,500$687,500$625,000

PURCHASE PRICE

$2,493$3,047$2,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,770
EXPENSES Loan Payment -$2,306
Property Tax -$708
Property Insurance -$100
Property Management Fees -$163
CASH FLOW
-$507

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.

$625,000

PROJECTED PRICE

$2,770

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 5.6%
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$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$171,375

INVESTMENT

$171,375

Down Payment
$156,250
Rehab Estimate
$5,750
Closing Costs
$9,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,306

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $156,250
Loan Amount $468,750
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$8,490

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,770

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $2,917

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$2,7703$2,8504$2,8955$3,000
$3,000
RENT COMPS ANALYSIS
  • 5818 Boca Raton Way Fontana, CA 2
    • 4 beds 3 baths ∙ 2,992 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,992 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $2,770
    • $0.93
    •  
  • 15767 Rock Point Lane Fontana, CA 1
    • 4 beds 2 baths ∙ 2,959 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,959 Sqft ∙ Built 2005
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.91
    •  
  • 15872 Snowy Peak Lane Fontana, CA 3
    • 4 beds 3 baths ∙ 2,807 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,807 Sqft ∙ Built 2006
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.02
    •  
  • 15957 Turtle Bay Place Fontana, CA 4
    • 5 beds 3 baths ∙ 2,992 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,992 Sqft ∙ Built 2005
    LEASED 09/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $0.97
    •  
  • 16386 Los Coyotes Street Fontana, CA 5
    • 5 beds 2 baths ∙ 2,992 Sqft ∙ Built 2004 5 beds 2 baths ∙ 2,992 Sqft ∙ Built 2004
    LEASED 12/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.00
    •  
PROPERTY LISTING DETAILS
Paul Marin
All Nations Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20264466
Last Updated: 01/02/2021
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