Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
7373 Topanga Avenue 
Fontana, CA
92336
4 Beds 2 Baths 2,105 sqft
Built 2007
INVESTimate
$519,000
List Price
$143,285
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Built In 2007
- Price/Sqft : $246.56
- 2 Days on Market
- MLS # : NP20174887
- Updated Date : 08/25/2020 at 15:48
CONSTRUCTION
- Beds : 4
- Floor Size : 2,105 sqft
- Baths : 2 full
Listing Agent
Ams Holdings, Inc.
Listing Agent's Description
Beautiful , Better than new highly upgraded corner single story home. Wide open floor plan ideal for entertaining . Large 4 bedroom, 2 bath with 3 car garage. Turn key condition .The kitchen has stainless steel top of the line new Bosch brand appliances. The stylish moderns style kitchen open to family living area which features a gas fireplace. master bedroom is spacious and features walking closet , adjacent double vanity area,master bath with separate over sized bath tub. new flooring. great neighborhood and community . no HOA .
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: Fontana
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Fontana
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,340 |
| EXPENSES | Loan Payment | -$1,915 |
| Property Tax | -$551 | |
| Property Insurance | -$78 | |
| Property Management Fees | -$138 | |
|
CASH FLOW
-$342
|
||
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.
$519,000
PROJECTED PRICE
$2,340
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.76% |
| Appreciation Year (1-5) | 8.78% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.41% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$143,285
LOAN DETAILS
$1,915
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $129,750 |
| Loan Amount | $389,250 |
2.33
YEARS SAVED
$10,343
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,340
LIST RENT -
$1.11
LIST RENT PER SQFT
-
$2,410
COMP ESTIMATED VALUE -
$1.15
COMP AVG. RENT PER SQFT
Comps Range
-
7373 Topanga Avenue Fontana, 1
- 4 beds 2 baths ∙ 2,105 Sqft ∙ Built 2007 4 beds 2 baths ∙ 2,105 Sqft ∙ Built 2007
![property image]()
- Rent
- Rent Per SQFT
- $2,340
- $1.11
-
7064 Red Berry Way Fontana, 2
- 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
-
16931 Montgomery Avenue Fontana, 3
- 3 beds 3 baths ∙ 2,021 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,021 Sqft ∙ Built 2017
![property image]()
LEASED 05/09/20- Rent
- Rent Per SQFT
- $2,400
- $1.19
-
6951 Madison Way Fontana, 4
- 3 beds 3 baths ∙ 2,299 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,299 Sqft ∙ Built 2016
![property image]()
LEASED 07/12/19- Rent
- Rent Per SQFT
- $2,500
- $1.09
-
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
Ams Holdings, Inc.
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: NP20174887
Last Updated: 08/25/2020
