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9205 Palm Lane Fontana, CA 92335

3 Beds 2 Baths 1,220 sqft Built 1999

$465,000

List Price

$2,010

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 17, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $381.15
  • 7 Days on Market
  • MLS # : DW21031483
  • Updated Date : 02/17/2021 at 10:20
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,220 sqft
  • Baths : 2 full
Listing Agent

South Bay Capital Group

Listing Agent's Description

Beautiful remodeled 3 Bedroom and 2 bath home with tile throughout and Granite countertops in Kitchen cabinets and new windows throughout and recessed lighting and remodeled bathrooms with new showers with frameless doors and huge lot with an outdoor kitchen New front door and many more upgrades. This is a must see home and you will fall in love with this home It also has a brand new air conditioning and Heating.

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Fontana

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $116k479k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Fontana

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2100011001200130014001500160017001800190020002100Rent in $9112139

* 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
Maple Elementary School Primary Regular 656 24 4
Alder Middle School Middle Regular 1,167 48 2
Jurupa Hills High School High Regular 2,081 94 4

Maple Elementary School

  • Education Level: Primary
  • # of students: 656
  • # of teachers: 24
4
GreatSchools Rating

Alder Middle School

  • Education Level: Middle
  • # of students: 1,167
  • # of teachers: 48
2
GreatSchools Rating

Jurupa Hills High School

  • Education Level: High
  • # of students: 2,081
  • # of teachers: 94
4
GreatSchools Rating
 

$418,500$511,500$465,000

PURCHASE PRICE

$1,809$2,211$2,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,010
EXPENSES Loan Payment -$1,615
Property Tax -$425
Property Insurance -$57
Property Management Fees -$119
CASH FLOW
-$205

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.

$465,000

PROJECTED PRICE

$2,010

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.76%
Appreciation Year (1-5) 8.8%
Maintenance Year (1-5) 8.00%
Vacancy 5.41%
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

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

$1,615

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $116,250
Loan Amount $348,750
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$12,549

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,010

    LIST RENT
  • $1.65

    LIST RENT PER SQFT
  • $1,705

    COMP ESTIMATED VALUE
  • $1.4

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,0103$2,0504$2,1005$2,150
$2,150
RENT COMPS ANALYSIS
  • 9205 Palm Lane Fontana, CA 2
    • 3 beds 2 baths ∙ 1,220 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,220 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $2,010
    • $1.65
    •  
  • 1285 W Vodden Street Rialto, CA 1
    • 3 beds 2 baths ∙ 1,365 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,365 Sqft ∙ Built 1985
    LEASED 12/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.47
    •  
  • 1266 S Yucca Avenue Rialto, CA 3
    • 3 beds 3 baths ∙ 1,488 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,488 Sqft ∙ Built 1985
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.38
    •  
  • 1192 Lorraine Place Rialto, CA 4
    • 4 beds 2 baths ∙ 1,548 Sqft ∙ Built 1984 4 beds 2 baths ∙ 1,548 Sqft ∙ Built 1984
    LEASED 08/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.36
    •  
  • 10572 Miami Avenue Bloomington, CA 5
    • 4 beds 2 baths ∙ 1,556 Sqft ∙ Built 1989 4 beds 2 baths ∙ 1,556 Sqft ∙ Built 1989
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.38
    •  
PROPERTY LISTING DETAILS
Patricia Aguero
South Bay Capital Group
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: DW21031483
Last Updated: 02/17/2021
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