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PROPERTY INFO
FACTS
- Built In 1988
- Price/Sqft : $216.84
- 6 Days on Market
- MLS # : EV20228296
- Updated Date : 10/29/2020 at 09:36
CONSTRUCTION
- Beds : 4
- Floor Size : 2,536 sqft
- Baths : 2 full , 1 half
Listing Agent
Ponce & Ponce Realty
Listing Agent's Description
Welcome to this beautiful must see, turn-key home with the modern look you are looking for located in the desired Heritage Community. The location of the home gives the opportunity of being in the high rated Etiwanda School District. The well distributed floor plan offers 4 bedrooms and 2.5 bathrooms and a bonus entertainment room. This unique home has many features that have been done the past year such as fresh paint inside and out, upgraded wood like tile flooring throughout the first floor, beautiful re done fireplace, upgraded wood laminate flooring throughout the stairway and hallways upstairs, recessed led lighting throughout the home, inside high end speakers installed for premium sound and much more to list. The home also has an oversized three car garage, RV access & Parking, equipped with solar panels, beautiful landscaping out front and back. The backyard has enough room for the whole family and friends; it offers an oversized patio cover with ceiling fans, swing set jungle gym for the kids and a gated dog run. It is a must see home.
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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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: West End
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,550 |
| EXPENSES | Loan Payment | -$2,029 |
| Property Tax | -$613 | |
| Property Insurance | -$77 | |
| Property Management Fees | -$150 | |
|
CASH FLOW
-$319
|
||
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.
$549,900
PROJECTED PRICE
$2,550
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$151,474
LOAN DETAILS
$2,029
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $137,475 |
| Loan Amount | $412,425 |
2.83
YEARS SAVED
$14,608
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,550
LIST RENT -
$1.24
LIST RENT PER SQFT
-
$2,559
COMP ESTIMATED VALUE -
$1.25
COMP AVG. RENT PER SQFT
Comps Range
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7812 Cape Cod Court Fontana, CA 1
- 4 beds 3 baths ∙ 1,943 Sqft ∙ Built 1989 4 beds 3 baths ∙ 1,943 Sqft ∙ Built 1989
LEASED 10/21/20- Rent
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- $2,400
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13773 Boston Court Fontana, CA 2
- 4 beds 3 baths ∙ 1,943 Sqft ∙ Built 1989 4 beds 3 baths ∙ 1,943 Sqft ∙ Built 1989
LEASED 01/17/20- Rent
- Rent Per SQFT
- $2,450
- $1.26
-
14019 Ticonderoga Court Fontana, CA 3
- 4 beds 3 baths ∙ 1,918 Sqft ∙ Built 1990 4 beds 3 baths ∙ 1,918 Sqft ∙ Built 1990
LEASED 02/29/20- Rent
- Rent Per SQFT
- $2,500
- $1.30
-
13634 Morgan Street Fontana, CA 5
- 4 beds 3 baths ∙ 2,182 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,182 Sqft ∙ Built 1988
LEASED 06/12/20- Rent
- Rent Per SQFT
- $2,600
- $1.19
PROPERTY LISTING DETAILS
Ponce & Ponce Realty
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: EV20228296
Last Updated: 10/29/2020
