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7197 Gabriel Drive Fontana, CA 92336

4 Beds 3 Baths 2,523 sqft Built 2003

INVESTimate

$509,000

List Price

$2,470

$2,223 - $2,717

Rent Est.

$540,354  ( +6.16%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2003
  • Price/Sqft : $201.74
  • 10 Days on Market
  • MLS # : WS20167950
  • Updated Date : 08/17/2020 at 19:02
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,523 sqft
  • Baths : 3 full
Listing Agent

Green Force, Inc.

Listing Agent's Description

Beautiful two story home located in desired north of Fontana, Featuring with 4 bedrooms and 3 bathrooms (one bedroom on 1st floor) plus a loft that can be used as office. Kitchen and family room offer large open space for all your family gathering with a beautiful fireplace to keep family cozy. The Master suite including a private bathroom double sinks, soak in tub, shower and large walk in closet. Backyard has a right size with covered wood patio for family to entertainer, or BBQ. The location close to the 15 and 210 freeway, shopping center and famous Victoria Garden Mall...

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

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
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
 

$458,100$559,900$509,000

PURCHASE PRICE

$2,223$2,717$2,470

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$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,470
EXPENSES Loan Payment -$1,878
Property Tax -$540
Property Insurance -$88
Property Management Fees -$146
CASH FLOW
-$182

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.

$509,000

PROJECTED PRICE

$2,470

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 6.16%
Maintenance Year (1-5) 8.00%
Vacancy 5.35%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$140,635

INVESTMENT

$140,635

Down Payment
$127,250
Rehab Estimate
$5,750
Closing Costs
$7,635

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,878

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $127,250
Loan Amount $381,750
See What Happens When You Reinvest Cash Flow

3.92

YEARS SAVED

$22,193

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,470

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $2,611

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$2,470
1$2,4702$2,6003$2,6004$2,8005$2,899
$2,899
RENT COMPS ANALYSIS
  • 7197 Gabriel Drive Fontana, 1
    • 4 beds 3 baths ∙ 2,523 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,523 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,470
    • $0.98
    •  
  • 7285 Myrtle Place Fontana, 2
    • 4 beds 3 baths ∙ 2,648 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,648 Sqft ∙ Built 2003
    property image
    LEASED 08/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.98
    •  
  • 7458 Lime Avenue Fontana, 3
    • 5 beds 3 baths ∙ 2,676 Sqft ∙ Built 2002 5 beds 3 baths ∙ 2,676 Sqft ∙ Built 2002
    property image
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.97
    •  
  • 15579 Darlene Lane Fontana, 4
    • 4 beds 3 baths ∙ 2,523 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,523 Sqft ∙ Built 2002
    property image
    LEASED 01/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.11
    •  
  • 15414 Memphis Drive Fontana, 5
    • 5 beds 3 baths ∙ 2,676 Sqft ∙ Built 2002 5 beds 3 baths ∙ 2,676 Sqft ∙ Built 2002
    property image
    LEASED 10/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,899
    • $1.08
    •  
PROPERTY LISTING DETAILS
Joe Chen
Green Force, Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: WS20167950
Last Updated: 08/17/2020
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