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8072 Streamside Court Fontana, CA 92336

4 Beds 3 Baths 1,815 sqft Built 1989

$519,900

List Price

$2,350

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 1989
  • Price/Sqft : $286.45
  • 2 Days on Market
  • MLS # : CV20230769
  • Updated Date : 11/02/2020 at 14:42
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,815 sqft
  • Baths : 3 full
Listing Agent

Re/max Vision

Listing Agent's Description

BEAUTIFUL HOME LOCATED IN PRESTIGOUS VILLAGE OF HERITAGE COMMUNITY. HOME FLOWS NICELY WITH MANY UPGRADES INCLUDING REMODELED KITCHEN WITH BRAND NEW COUNTER TOPS, BACKSPLASH, LIGHTING, BEAUTIFUL SAMSUNG STAINLESS STEEL APPLIANCES, BRAND NEW TILE THROUGHOUT DOWNSTAIRS... CARPETING IN BEDROOMS, OFFICE, HALLWAY, AND STAIRS. BEAUTIFULLY UPGRADED FIREPLACE IN FORMAL LIVING ROOM AND 2ND FIREPLACE WITH UPGRADED ANTIQUE MANTLE IN DINING ROOM. AMPLE CABINET SPACE BUILT INS UPGRADED BY CURRENT OWNER WITHIN THE LAST TWO YEARS. LIBRARY ADDED IN FRONT OF FORMAL LIVING ROOM, MUST VIEW TO APPRECIATE. SPACIOUS MASTER BEDROOM WITH WALK IN CLOSET. DUAL SINKS IN MASTER BATHROOM WITH LARGE TUB WITH SEPERATE SHOWER. LOW MAINTENANCE DROUGHT TOLERANT YARD. TWO NEWER SHEDS IN THE BACKYARD. BLOCK WALL ON SOUTH SIDE AND NEWER WOOD FENCE IN REAR AND NORTH SIDE. ALL CONCRETE IN BACKYARD. LENNEX HVAC SYSTEM WORKS GREAT. UPGRADED ELECTRICAL PANNEL, WAS REPLACED APPROXIMATE 5 YEARS AGO. TESLA SOLAR SYSTEM RUNS $70 PER MONTH ON AVERAGE AND EDISON RUNS APPROXIMATELY $700 ANUALY. CUSTOM PAINT THROUGHOUT. AWARD WINNING ETIWANDA SHCOOLS DISTRICT, ASSIGNED SCHOOLS ARE WEST HERITAGE ELEMENTARY, HERITAGE AND CHAFFEY JOINT UNION HIGH SCHOOL ASSIGNED SCHOOL IS ETIWANDA HIGH SCHOOL. CONVENIENTLTY LOCATED NEAR 15, 210 AND 10 FREEWAYS. LOCAL SHOPPING AT WINCO FOODS, VICTORIA GARDENS MALL, WALKING DISTANCE TO PACIFIC ELECTRIC TRAIL.

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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

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
 

$467,910$571,890$519,900

PURCHASE PRICE

$2,115$2,585$2,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,350
EXPENSES Loan Payment -$1,918
Property Tax -$579
Property Insurance -$71
Property Management Fees -$139
CASH FLOW
-$357

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.

$519,900

PROJECTED PRICE

$2,350

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$1.6M

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$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$143,524

INVESTMENT

$143,524

Down Payment
$129,975
Rehab Estimate
$5,750
Closing Costs
$7,799

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,918

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $129,975
Loan Amount $389,925
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$10,399

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,350

    LIST RENT
  • $1.29

    LIST RENT PER SQFT
  • $2,378

    COMP ESTIMATED VALUE
  • $1.31

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,3503$2,4004$2,4005$2,450
$2,450
RENT COMPS ANALYSIS
  • 8072 Streamside Court Fontana, CA 2
    • 4 beds 3 baths ∙ 1,815 Sqft ∙ Built 1989 4 beds 3 baths ∙ 1,815 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.29
    •  
  • 13688 Tioga Court Fontana, CA 1
    • 3 beds 3 baths ∙ 1,712 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,712 Sqft ∙ Built 1988
    LEASED 01/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.34
    •  
  • 7812 Cape Cod Court Fontana, CA 3
    • 4 beds 3 baths ∙ 1,943 Sqft ∙ Built 1989 4 beds 3 baths ∙ 1,943 Sqft ∙ Built 1989
    LEASED 10/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.24
    •  
  • 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
    •  
  • 13773 Boston Court Fontana, CA 5
    • 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
    •  
PROPERTY LISTING DETAILS
Christine Brantingham
Re/max Vision
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20230769
Last Updated: 11/02/2020
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