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8036 Riviera Court Fontana, CA 92336

3 Beds 3 Baths 1,624 sqft Built 1992

$485,000

List Price

$2,170

$2K - $2.4K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $298.65
  • 31 Days on Market
  • MLS # : CV20229519
  • Updated Date : 11/28/2020 at 05:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,624 sqft
  • Baths : 2 full , 1 half
Listing Agent

Porches And Places

Listing Agent's Description

Great 3 bedroom 2 and a half bath plus spacious loft. Generous master bedroom with balcony. Covered patio with peaceful fenced back yard. Beautiful fireplace in living room. Recently remodeled kitchen with granite counter tops and new appliances. Remodeled master bath. Wood laminate flooring. 2 car garage plus parking for 2 more in driveway. Recent A/C compressor and tank-less water heater. This great home is located on a picturesque quiet cul de sac makes this a great place to live.

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

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
 

$436,500$533,500$485,000

PURCHASE PRICE

$1,953$2,387$2,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,170
EXPENSES Loan Payment -$1,789
Property Tax -$541
Property Insurance -$67
Property Management Fees -$128
CASH FLOW
-$354

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.

$485,000

PROJECTED PRICE

$2,170

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$134,275

INVESTMENT

$134,275

Down Payment
$121,250
Rehab Estimate
$5,750
Closing Costs
$7,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,789

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $121,250
Loan Amount $363,750
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$8,424

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,170

    LIST RENT
  • $1.34

    LIST RENT PER SQFT
  • $2,205

    COMP ESTIMATED VALUE
  • $1.36

    COMP AVG. RENT PER SQFT
Comps Range
$2,170
1$2,1702$2,2503$2,3004$2,3505$2,600
$2,600
RENT COMPS ANALYSIS
  • 8036 Riviera Court Fontana, CA 1
    • 3 beds 3 baths ∙ 1,624 Sqft ∙ Built 1992 3 beds 3 baths ∙ 1,624 Sqft ∙ Built 1992
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,170
    • $1.34
    •  
  • 14093 Rothchild Court Fontana, CA 2
    • 4 beds 3 baths ∙ 1,708 Sqft ∙ Built 1994 4 beds 3 baths ∙ 1,708 Sqft ∙ Built 1994
    property image
    LEASED 12/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.32
    •  
  • 13688 Tioga Court Fontana, CA 3
    • 3 beds 3 baths ∙ 1,712 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,712 Sqft ∙ Built 1988
    property image
    LEASED 01/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.34
    •  
  • 14086 Valley Forge Court Fontana, CA 4
    • 4 beds 3 baths ∙ 1,788 Sqft ∙ Built 1994 4 beds 3 baths ∙ 1,788 Sqft ∙ Built 1994
    property image
    LEASED 11/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.31
    •  
  • 14085 Catalina Court Fontana, CA 5
    • 4 beds 3 baths ∙ 1,783 Sqft ∙ Built 1994 4 beds 3 baths ∙ 1,783 Sqft ∙ Built 1994
    property image
    LEASED 04/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.46
    •  
PROPERTY LISTING DETAILS
John Morrison
Porches And Places
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20229519
Last Updated: 11/28/2020
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