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7127 Birch Tree Place Fontana, CA 92336

3 Beds 3 Baths 1,872 sqft Built 2002

$494,900

List Price

$2,360

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $264.37
  • 3 Days on Market
  • MLS # : CV20259432
  • Updated Date : 12/19/2020 at 17:05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,872 sqft
  • Baths : 2 full , 1 half
Listing Agent

Century 21 King

Listing Agent's Description

Ohhhh what a Beauty this Is inside & out!! *You are Greeted up front with a Meticulous manicured lawn & Landscaping * Larger Driveway with room for a 3rd car or Truck * Block Wall surrounds the yard with Iron gates* The large Aluma-Wood patio Cover is Enhanced with the Brick design inlays in the Cement * The Backyard is as Neat as the front with Brick planters with shrubbery all Around the Block Wall * A lovely Tile entry welcomes You in the Foyer* There is Crown Molding & High Ceilings Thru-out, along with recessed ligthing * First is the Dining room or a Living room, Your choice on how to use It* The Family room or main Living area is Spacious & has an Electric Fireplace & easy Maintenance Laminate Flooring * There are Ceiling Fans, blinds or Shutters in all the Rooms* The Kitchen is a Chef's delight with Plenty of room for a couple of Cooks* Five burner Stove * Microwave & Tons of Cabinets & pantry * Upstairs is also Spacious & has freshly Shampooed carpet * Roomy Hallway with room for a study niche * 3 Generous Bedrooms & 2 have direct access to Bathrooms * the Master (13'x17')has Vaulted ceiling & Walk-in Closet (7'x9') & the Bath Dual Vanities* the Hall Bath Also has Dual Vanities * Both Baths have upgraded Heater-Vent Fans* The 2 other Bedrooms have Ceiling Fan/Ligths & Mirrored Wardrobes* Large Laundry room upstairs with Cabinets* Newer Tile in Baths & Laundry* You will fall in Love with this one! *SF not taped buyer to verify*

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

Neighborhood: Rancho Fontana

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $148k584k

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

Neighborhood: Rancho Fontana

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q211001200130014001500160017001800190020002100220023002400Rent in $10822496

* 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
Cecilia L. Solorio Elementary School Primary Regular 894 36 7
Heritage Intermediate School Middle Regular 1,240 48 8
Etiwanda High School High Regular 3,458 126 8

Cecilia L. Solorio Elementary School

  • Education Level: Primary
  • # of students: 894
  • # of teachers: 36
7
GreatSchools Rating

Heritage Intermediate School

  • Education Level: Middle
  • # of students: 1,240
  • # of teachers: 48
8
GreatSchools Rating

Etiwanda High School

  • Education Level: High
  • # of students: 3,458
  • # of teachers: 126
8
GreatSchools Rating
 

$445,410$544,390$494,900

PURCHASE PRICE

$2,124$2,596$2,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,360
EXPENSES Loan Payment -$1,826
Property Tax -$585
Property Insurance -$73
Property Management Fees -$139
CASH FLOW
-$262

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.

$494,900

PROJECTED PRICE

$2,360

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 6.2%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$136,899

INVESTMENT

$136,899

Down Payment
$123,725
Rehab Estimate
$5,750
Closing Costs
$7,424

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,826

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $123,725
Loan Amount $371,175
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$14,570

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,360

    LIST RENT
  • $1.26

    LIST RENT PER SQFT
  • $2,359

    COMP ESTIMATED VALUE
  • $1.26

    COMP AVG. RENT PER SQFT
Comps Range
$2,085
1$2,0852$2,3003$2,3504$2,3605$2,400
$2,400
RENT COMPS ANALYSIS
  • 7127 Birch Tree Place Fontana, CA 4
    • 3 beds 3 baths ∙ 1,872 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,872 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $2,360
    • $1.26
    •  
  • 7219 Riley Drive Fontana, CA 1
    • 3 beds 2 baths ∙ 1,765 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,765 Sqft ∙ Built 2003
    LEASED 04/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,085
    • $1.18
    •  
  • 6948 Lisa Drive Fontana, CA 2
    • 3 beds 2 baths ∙ 1,765 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,765 Sqft ∙ Built 2004
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.30
    •  
  • 7050 Lucero Drive Fontana, CA 3
    • 3 beds 3 baths ∙ 1,847 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,847 Sqft ∙ Built 2002
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.27
    •  
  • 15245 Yeager Avenue Fontana, CA 5
    • 3 beds 3 baths ∙ 1,859 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,859 Sqft ∙ Built 1997
    LEASED 09/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.29
    •  
PROPERTY LISTING DETAILS
Mary Ann Pettis
Century 21 King
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20259432
Last Updated: 12/19/2020
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