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7841 Marek Court Fontana, CA 92336

4 Beds 3 Baths 1,460 sqft Built 1990

$464,999

List Price

$2,100

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1990
  • Price/Sqft : $318.49
  • 9 Days on Market
  • MLS # : CV20226403
  • Updated Date : 10/28/2020 at 19:02
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,460 sqft
  • Baths : 2 full , 1 half
Listing Agent

Century 21 Citrus Realty Inc

Listing Agent's Description

ETIWANDA SCHOOL DISTRICT!! Charming North Fontana home offers convenient location and comfortable living . Formal living and Dinning and with a concept floor plan in the kitchen and family room .Upstairs are 4 bedrooms . The home is located in the highly desirable Area of HERITAGE VILLAGE!! close to Victoria Gardens and freeways. 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: 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
West Heritage Elementary School Primary Regular 598 25 5
Heritage Intermediate School Middle Regular 1,240 48 8
Etiwanda High School High Regular 3,458 126 8

West Heritage Elementary School

  • Education Level: Primary
  • # of students: 598
  • # of teachers: 25
5
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
 

$418,499$511,499$464,999

PURCHASE PRICE

$1,890$2,310$2,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,100
EXPENSES Loan Payment -$1,716
Property Tax -$518
Property Insurance -$63
Property Management Fees -$124
CASH FLOW
-$320

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.

$464,999

PROJECTED PRICE

$2,100

PROJECTED RENT

0.45%

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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

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$128,975

INVESTMENT

$128,975

Down Payment
$116,250
Rehab Estimate
$5,750
Closing Costs
$6,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,716

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $116,250
Loan Amount $348,749
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$9,196

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,100

    LIST RENT
  • $1.44

    LIST RENT PER SQFT
  • $2,066

    COMP ESTIMATED VALUE
  • $1.42

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,2003$2,2504$2,4005$2,500
$2,500
RENT COMPS ANALYSIS
  • 7841 Marek Court Fontana, CA 1
    • 4 beds 3 baths ∙ 1,460 Sqft ∙ Built 1990 4 beds 3 baths ∙ 1,460 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.44
    •  
  • 13580 Sutter Court Fontana, CA 2
    • 3 beds 3 baths ∙ 1,532 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,532 Sqft ∙ Built 1988
    LEASED 01/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.44
    •  
  • 13594 Brandon Court Fontana, CA 3
    • 3 beds 3 baths ∙ 1,604 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,604 Sqft ∙ Built 1989
    LEASED 12/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.40
    •  
  • 13655 W Constitution Way Fontana, CA 4
    • 4 beds 3 baths ∙ 1,712 Sqft ∙ Built 1988 4 beds 3 baths ∙ 1,712 Sqft ∙ Built 1988
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.40
    •  
  • 13240 Lambrusco Court Rancho Cucamonga, CA 5
    • 3 beds 2 baths ∙ 1,759 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,759 Sqft ∙ Built 2001
    LEASED 03/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.42
    •  
PROPERTY LISTING DETAILS
Mireya Chavarria
Century 21 Citrus Realty Inc
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20226403
Last Updated: 10/28/2020
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