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7378 Tyler Lane Fontana, CA 92336

4 Beds 3 Baths 2,992 sqft Built 1999

$515,000

List Price

$2,820

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
October 29, 2020 RECENTLY ADDED
FACTS
  • Built In 1999
  • Price/Sqft : $172.13
  • 7 Days on Market
  • MLS # : IV20227883
  • Updated Date : 10/29/2020 at 10:19
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,992 sqft
  • Baths : 3 full
Listing Agent

Be Real Estate

Listing Agent's Description

Location, Location, Location. Close to Victoria Gardens, School, Library. Two story with 3 cars garage. Total is 4 bedrooms and 3 bathrooms. Fireplace in the family room. Wood cabinets, walk-in pantry & storage space, built-in appliances & eating area. Huge space in the second floor for family. Sliding glass doors off kitchen lead to a beautiful private back yard with covered patio covering.

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: West End

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $148k584k

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

Neighborhood: West End

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
East Heritage Elementary School Primary Regular 586 23 7
Heritage Intermediate School Middle Regular 1,240 48 8
Etiwanda High School High Regular 3,458 126 8

East Heritage Elementary School

  • Education Level: Primary
  • # of students: 586
  • # of teachers: 23
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
 

$463,500$566,500$515,000

PURCHASE PRICE

$2,538$3,102$2,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,820
EXPENSES Loan Payment -$1,900
Property Tax -$574
Property Insurance -$100
Property Management Fees -$166
CASH FLOW
$80

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.

$515,000

PROJECTED PRICE

$2,820

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 6.9%
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$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

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$142,225

INVESTMENT

$142,225

Down Payment
$128,750
Rehab Estimate
$5,750
Closing Costs
$7,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,900

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $128,750
Loan Amount $386,250
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$48,928

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,820

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $3,044

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$2,820
1$2,8202$2,9503$2,9804$3,1005$3,300
$3,300
RENT COMPS ANALYSIS
  • 7378 Tyler Lane Fontana, CA 1
    • 4 beds 3 baths ∙ 2,992 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,992 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $2,820
    • $0.94
    •  
  • 12911 Grape Harvest Drive Rancho Cucamonga, CA 2
    • 5 beds 3 baths ∙ 2,999 Sqft ∙ Built 2014 5 beds 3 baths ∙ 2,999 Sqft ∙ Built 2014
    LEASED 06/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $0.98
    •  
  • 13079 Colonial Drive Rancho Cucamonga, CA 3
    • 4 beds 3 baths ∙ 2,957 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,957 Sqft ∙ Built 2004
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,980
    • $1.01
    •  
  • 12963 Riley Court Rancho Cucamonga, CA 4
    • 5 beds 2 baths ∙ 2,944 Sqft ∙ Built 2004 5 beds 2 baths ∙ 2,944 Sqft ∙ Built 2004
    LEASED 01/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.05
    •  
  • 12921 Evermay Court Rancho Cucamonga, CA 5
    • 4 beds 3 baths ∙ 3,192 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,192 Sqft ∙ Built 2006
    LEASED 06/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.03
    •  
PROPERTY LISTING DETAILS
Feng Zhang
Be Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV20227883
Last Updated: 10/29/2020
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