Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1964
- Price/Sqft : $240.28
- 7 Days on Market
- MLS # : IV20235976
- Updated Date : 11/16/2020 at 15:52
CONSTRUCTION
- Beds : 3
- Floor Size : 1,914 sqft
- Baths : 1 full
Listing Agent
All Nations Realty & Invs
Listing Agent's Description
Just in time for the Holidays! Let me present 9553 Lombardy Ave. Situated at the very end of a family friendly cul-de-sac, this 3 bed 2 bath home is generous in space offering 1,914 SQFT on over a quarter acre lot! You will love the open concept floor-plan starting in the beautiful living room with tons of natural light, original hardwood flooring, crown molding and a stunning stone fireplace. The massive dining room is positioned between the living room and oversized kitchen and is large enough for the entire family to enjoy meals together. The kitchen, with plenty of cabinets, has granite counter tops, stainless steel dishwasher, microwave and sink. Additionally, you will find 2 large bedrooms with builtin closets and ceiling fans. The main bathroom has upgraded tile, a tub and separate walk-in shower. The beautiful Master Suite has upgraded laminate hardwood floors and paint. The En Suite bathroom has a duel vanity, 2 builtin closets and a walk-in shower with glass door. You will love the 4 hallway closets and builtin cabinets and large laundry room with direct access to the backyard. The detached garage is wired for 220V and piped for an air compressor system. You will find the backyard has been cleared out and is ready for your personal touch. The extremely long driveway is large enough for your RV, your boat and all of your toys! The AC system was completely replaced just 3 years ago and the roof is only 8 years old. Come quick as this home will not last!
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: Fontana
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Fontana
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,300 |
| EXPENSES | Loan Payment | -$1,697 |
| Property Tax | -$488 | |
| Property Insurance | -$74 | |
| Property Management Fees | -$136 | |
|
CASH FLOW
-$94
|
||
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.
$459,888
PROJECTED PRICE
$2,300
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$127,620
LOAN DETAILS
$1,697
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $114,972 |
| Loan Amount | $344,916 |
4.5
YEARS SAVED
$24,662
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,300
LIST RENT -
$1.2
LIST RENT PER SQFT
-
$2,616
COMP ESTIMATED VALUE -
$1.37
COMP AVG. RENT PER SQFT
Comps Range
-
9553 W Lombardy Avenue Fontana, CA 3
- 3 beds 1 baths ∙ 1,914 Sqft ∙ Built 1964 3 beds 1 baths ∙ 1,914 Sqft ∙ Built 1964
![property image]()
- Rent
- Rent Per SQFT
- $2,300
- $1.20
-
915 S Idyllwild Avenue Bloomington, CA 1
- 3 beds 2 baths ∙ 1,642 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,642 Sqft ∙ Built 1978
![property image]()
LEASED 02/22/20- Rent
- Rent Per SQFT
- $1,950
- $1.19
-
18150 Athol Street Fontana, CA 2
- 4 beds 2 baths ∙ 1,663 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,663 Sqft ∙ Built 1979
![property image]()
LEASED 04/06/20- Rent
- Rent Per SQFT
- $2,300
- $1.38
-
9134 Kaiser Avenue Fontana, CA 4
- 3 beds 2 baths ∙ 1,569 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,569 Sqft ∙ Built 1963
![property image]()
LEASED 10/30/20- Rent
- Rent Per SQFT
- $2,400
- $1.53
PROPERTY LISTING DETAILS
All Nations Realty & Invs
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: IV20235976
Last Updated: 11/16/2020
