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6949 Presidio Court Fontana, CA 92336

4 Beds 3 Baths 2,487 sqft Built 2009

$547,500

List Price

$2,480

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

January 17, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $220.14
  • 4 Days on Market
  • MLS # : PW21008608
  • Updated Date : 01/16/2021 at 19:11
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,487 sqft
  • Baths : 3 full
Listing Agent

Century 21 Masters

Listing Agent's Description

This is it! Search no more! Pride of ownership! Well maintained home including every 6 months the central a/c has a check up and every week the yards are manicured! The home has recently been professionally painted inside/out and the carpeting was also professionally cleaned! Neutral décor! Lots of natural lighting! Shutters throughout! As you enter the home you feel the warmth of the home! The living/dining area have cathedral ceilings to bring in the openness! The kitchen which is open to the family room is set up great for entertaining! The family room also has a gas fireplace! The kitchen has granite counters, stainless steel sinks and stainless steel, side by side refrigerator that is staying, also a large walk in pantry! Off of the family room is a bedroom/office with a walk in closet! There is also a full bath right outside the bedroom for your guests! 2 car garage is attached and there is direct access from the home! Upstairs you will find a loft area with plenty of room! Upstairs laundry room which includes the washer and dryer! The secondary bedrooms are all spacious! The hall full bath has double sinks! The master bedroom is large and the master bath has a separate large tub and shower! As you view the backyard please note the Alumawood patio cover with 3 ceiling fans, lighting and electrical outlets! There is a shed on the side yard that is staying! Vivint Smart Home Security System has so much to offer and is staying! What are you waiting for?

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
Kathy Binks Elementary School Primary Regular 616 22 4
Wayne Ruble Middle School Middle Regular 1,168 47 5
Fontana A. B. Miller High School High Regular 2,352 112 4

Kathy Binks Elementary School

  • Education Level: Primary
  • # of students: 616
  • # of teachers: 22
4
GreatSchools Rating

Wayne Ruble Middle School

  • Education Level: Middle
  • # of students: 1,168
  • # of teachers: 47
5
GreatSchools Rating

Fontana A. B. Miller High School

  • Education Level: High
  • # of students: 2,352
  • # of teachers: 112
4
GreatSchools Rating
 

$492,750$602,250$547,500

PURCHASE PRICE

$2,232$2,728$2,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,480
EXPENSES Loan Payment -$1,902
Property Tax -$579
Property Insurance -$87
Property Management Fees -$146
CASH FLOW
-$235

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.

$547,500

PROJECTED PRICE

$2,480

PROJECTED RENT

0.45%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$150,838

INVESTMENT

$150,838

Down Payment
$136,875
Rehab Estimate
$5,750
Closing Costs
$8,213

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,902

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $136,875
Loan Amount $410,625
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$15,636

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,480

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $2,549

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$2,480
1$2,4802$2,5503$2,6004$2,6005$2,600
$2,600
RENT COMPS ANALYSIS
  • 6949 Presidio Court Fontana, CA 1
    • 4 beds 3 baths ∙ 2,487 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,487 Sqft ∙ Built 2009
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,480
    • $1.00
    •  
  • 16540 Westmoor Place Fontana, CA 2
    • 3 beds 3 baths ∙ 2,414 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,414 Sqft ∙ Built 2013
    property image
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.06
    •  
  • 16930 San Jacinto Fontana, CA 3
    • 4 beds 3 baths ∙ 2,590 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,590 Sqft ∙ Built 2017
    property image
    LEASED 10/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.00
    •  
  • 15945 Serenade Lane Fontana, CA 4
    • 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 2015
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.00
    •  
  • 6758 Winter Night Court Fontana, CA 5
    • 5 beds 4 baths ∙ 2,511 Sqft ∙ Built 2005 5 beds 4 baths ∙ 2,511 Sqft ∙ Built 2005
    property image
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.04
    •  
PROPERTY LISTING DETAILS
Deborah Burke
Century 21 Masters
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21008608
Last Updated: 01/16/2021
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