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7485 Jacaranda Avenue Fontana, CA 92336

3 Beds 3 Baths 1,560 sqft Built 1985

INVESTimate

$435,000

List Price

$2,030

$1,827 - $2,233

Rent Est.

$462,579  ( +6.34%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1985
  • Price/Sqft : $278.85
  • 6 Days on Market
  • MLS # : CV20171599
  • Updated Date : 08/21/2020 at 12:03
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,560 sqft
  • Baths : 2 full , 1 half
Listing Agent

Intero Real Estate Services

Listing Agent's Description

STANDARD SALE!!! EXCELLENT PROPERTY LOCATED IN A DESIRABLE AREA OF FONTANA, 3 BEDROOMS 2.5 BATHROOMS...2 ATTACHED CAR GARAGE, LAMINATED WOOD AND TILE FLOORS...MUST SEE TO APPRECIATE!!!! GREAT OPPORTUNITY FOR FIRST TIME BUYER, CLOSE TO PARKS, SCHOOLS, SHOPPING CENTER... WILL NOT LAST!

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
Tokay Elementary School Primary Regular 580 21 3
Almeria Middle School Middle Regular 833 38 3
Fontana A. B. Miller High School High Regular 2,352 112 4

Tokay Elementary School

  • Education Level: Primary
  • # of students: 580
  • # of teachers: 21
3
GreatSchools Rating

Almeria Middle School

  • Education Level: Middle
  • # of students: 833
  • # of teachers: 38
3
GreatSchools Rating

Fontana A. B. Miller High School

  • Education Level: High
  • # of students: 2,352
  • # of teachers: 112
4
GreatSchools Rating
 

$391,500$478,500$435,000

PURCHASE PRICE

$1,827$2,233$2,030

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

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,030
EXPENSES Loan Payment -$1,605
Property Tax -$455
Property Insurance -$65
Property Management Fees -$120
CASH FLOW
-$214

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.

$435,000

PROJECTED PRICE

$2,030

PROJECTED RENT

0.47%

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$121,025

INVESTMENT

$121,025

Down Payment
$108,750
Rehab Estimate
$5,750
Closing Costs
$6,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,605

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $108,750
Loan Amount $326,250
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$14,225

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,030

    LIST RENT
  • $1.3

    LIST RENT PER SQFT
  • $2,051

    COMP ESTIMATED VALUE
  • $1.32

    COMP AVG. RENT PER SQFT
Comps Range
$2,030
1$2,0302$2,3003$2,3004$2,3005$2,395
$2,395
RENT COMPS ANALYSIS
  • 7485 Jacaranda Avenue Fontana, 1
    • 3 beds 3 baths ∙ 1,560 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,560 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $2,030
    • $1.30
    •  
  • 7620 Concord Avenue Fontana, 2
    • 4 beds 3 baths ∙ 1,858 Sqft ∙ Built 1985 4 beds 3 baths ∙ 1,858 Sqft ∙ Built 1985
    LEASED 09/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.24
    •  
  • 6948 Lisa Drive Fontana, 3
    • 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
    •  
  • 7430 Jacaranda Avenue Fontana, 4
    • 3 beds 2 baths ∙ 1,614 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,614 Sqft ∙ Built 1992
    LEASED 03/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.43
    •  
  • 7541 Mums Court Fontana, 5
    • 4 beds 3 baths ∙ 1,862 Sqft ∙ Built 1990 4 beds 3 baths ∙ 1,862 Sqft ∙ Built 1990
    LEASED 07/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.29
    •  
PROPERTY LISTING DETAILS
Uriel Ojeda
Intero Real Estate Services
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20171599
Last Updated: 08/21/2020
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