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6845 San Mateo Court Fontana, CA 92336

4 Beds 3 Baths 3,000 sqft Built 2011

$599,900

List Price

$2,640

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 17, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $199.97
  • 6 Days on Market
  • MLS # : CV21032550
  • Updated Date : 02/17/2021 at 08:21
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,000 sqft
  • Baths : 3 full
Listing Agent

The Associates Realty Group

Listing Agent's Description

Looking for the Perfect Family Home in North Fontana, Look no further ! Home is located in a private cul de sac where neighbors are a dream to have. As you step inside you'll find 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. 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 the LOFT turned into a Theater Room to enjoy your favorite movie with loved ones. 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 for the kids and entertainment as you play pool and watching the game under the new built Patio. Come by and take a look!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 92336

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $143k526k

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

Zip Code: 92336

ZipNIR Market*CityMarket2010Year2000 Q22019 Q211001200130014001500160017001800190020002100220023002400Rent in $10822424

* 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
Dorothy Grant Elementary School Primary Regular 739 25 7
Almeria Middle School Middle Regular 833 38 3
Summit High School High Regular 2,606 108 6

Dorothy Grant Elementary School

  • Education Level: Primary
  • # of students: 739
  • # of teachers: 25
7
GreatSchools Rating

Almeria Middle School

  • Education Level: Middle
  • # of students: 833
  • # of teachers: 38
3
GreatSchools Rating

Summit High School

  • Education Level: High
  • # of students: 2,606
  • # of teachers: 108
6
GreatSchools Rating
 

$539,910$659,890$599,900

PURCHASE PRICE

$2,376$2,904$2,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,640
EXPENSES Loan Payment -$2,084
Property Tax -$635
Property Insurance -$100
Property Management Fees -$156
CASH FLOW
-$334

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.

$599,900

PROJECTED PRICE

$2,640

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 6.3%
Maintenance Year (1-5) 8.00%
Vacancy 5.43%
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-$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$164,724

INVESTMENT

$164,724

Down Payment
$149,975
Rehab Estimate
$5,750
Closing Costs
$8,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,084

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $149,975
Loan Amount $449,925
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$12,403

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,640

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $2,760

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$2,495
1$2,4952$2,6003$2,6404$2,8955$3,000
$3,000
RENT COMPS ANALYSIS
  • 6845 San Mateo Court Fontana, CA 3
    • 4 beds 3 baths ∙ 3,000 Sqft ∙ Built 2011 4 beds 3 baths ∙ 3,000 Sqft ∙ Built 2011
    • Rent
    • Rent Per SQFT
    •  
    • $2,640
    • $0.88
    •  
  • 16129 St Antony Lane Fontana, CA 1
    • 4 beds 3 baths ∙ 2,905 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,905 Sqft ∙ Built 2014
    LEASED 05/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.86
    •  
  • 7159 Abigail Place Fontana, CA 2
    • 4 beds 3 baths ∙ 2,900 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,900 Sqft ∙ Built 2003
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.90
    •  
  • 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
    •  
  • 16437 Pine Wood Street Fontana, CA 5
    • 4 beds 3 baths ∙ 3,170 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,170 Sqft ∙ Built 2006
    LEASED 01/19/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.95
    •  
PROPERTY LISTING DETAILS
Agustin Mendoza
The Associates Realty Group
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21032550
Last Updated: 02/17/2021
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