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7048 Petaluma Drive Fontana, CA 92336

4 Beds 3 Baths 2,291 sqft Built 2006

INVESTimate

$549,000

List Price

$2,480

$2,232 - $2,728

Rent Est.

$583,807  ( +6.34%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2006
  • Price/Sqft : $239.63
  • 13 Days on Market
  • MLS # : TR20165279
  • Updated Date : 08/15/2020 at 05:07
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,291 sqft
  • Baths : 2 full , 1 half
Listing Agent

Monarch Real Estate Services

Listing Agent's Description

7048 Petaluma Dr is a house in Fontana, CA 92336. This 2,291 square foot house sits on a 7,202 square foot lot and features 4 bedrooms and 3 bathrooms. This property was built in 2006. Nearby schools include Wayne Ruble Middle School, Fontana A. B. Miller High School and Kathy Binks Elementary School.

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

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
 

$494,100$603,900$549,000

PURCHASE PRICE

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

RENT

DOWN PAYMENT
FINANCING

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,480
EXPENSES Loan Payment -$2,026
Property Tax -$581
Property Insurance -$83
Property Management Fees -$146
CASH FLOW
-$355

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.

$549,000

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) 6.34%
Maintenance Year (1-5) 8.00%
Vacancy 5.43%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,235

INVESTMENT

$151,235

Down Payment
$137,250
Rehab Estimate
$5,750
Closing Costs
$8,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,026

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $137,250
Loan Amount $411,750
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$12,355

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
  • $1.08

    LIST RENT PER SQFT
  • $2,520

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,4003$2,4804$2,5005$2,650
$2,650
RENT COMPS ANALYSIS
  • 7048 Petaluma Drive Fontana, 3
    • 4 beds 3 baths ∙ 2,291 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,291 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,480
    • $1.08
    •  
  • 7064 Red Berry Way Fontana, 1
    • 3 beds 3 baths ∙ 2,188 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,188 Sqft ∙ Built 2017
    property image
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.10
    •  
  • 6542 Blanchard Avenue Fontana, 2
    • 4 beds 3 baths ∙ 2,328 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,328 Sqft ∙ Built 1989
    property image
    LEASED 01/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.03
    •  
  • 6741 Kaiser Avenue Fontana, 4
    • 4 beds 3 baths ∙ 2,328 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,328 Sqft ∙ Built 1990
    property image
    LEASED 08/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.07
    •  
  • 7463 Sleepy Creek Avenue Fontana, 5
    • 4 beds 3 baths ∙ 2,206 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,206 Sqft ∙ Built 2017
    property image
    LEASED 09/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.20
    •  
PROPERTY LISTING DETAILS
Rosalba Perez
Monarch Real Estate Services
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: TR20165279
Last Updated: 08/15/2020
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