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9626 Boxwood Avenue Fontana, CA 92335

3 Beds 2 Baths 1,369 sqft Built 1956

$445,900

List Price

$1,970

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1956
  • Price/Sqft : $325.71
  • 5 Days on Market
  • MLS # : IG21055800
  • Updated Date : 03/20/2021 at 14:22
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,369 sqft
  • Baths : 2 full
Listing Agent

Agave Place, Inc.

Listing Agent's Description

Beautiful single story solar home centrally located for commuters, close the 10 & 210 Fwys, Kaiser Permanente Hospital, and public transportation. The spacious family room and backyard with patio are perfect for family gatherings. The home is energy efficient with solar (which will be paid off) and all windows have been replaced with new energy efficient windows... so say good bye to the high energy costs! The backyard has plenty of room for all your toys or to build an ADU. There is endless opportunities with this home!

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

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
Palmetto Elementary School Primary Regular 960 34 4
Harry S. Truman Middle School Middle Regular 1,213 53 2
Jurupa Hills High School High Regular 2,081 94 4

Palmetto Elementary School

  • Education Level: Primary
  • # of students: 960
  • # of teachers: 34
4
GreatSchools Rating

Harry S. Truman Middle School

  • Education Level: Middle
  • # of students: 1,213
  • # of teachers: 53
2
GreatSchools Rating

Jurupa Hills High School

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

$401,310$490,490$445,900

PURCHASE PRICE

$1,773$2,167$1,970

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,970
EXPENSES Loan Payment -$1,549
Property Tax -$474
Property Insurance -$60
Property Management Fees -$116
CASH FLOW
-$229

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.

$445,900

PROJECTED PRICE

$1,970

PROJECTED RENT

0.44%

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

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$123,914

INVESTMENT

$123,914

Down Payment
$111,475
Rehab Estimate
$5,750
Closing Costs
$6,689

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,549

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $111,475
Loan Amount $334,425
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$9,458

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,970

    LIST RENT
  • $1.44

    LIST RENT PER SQFT
  • $1,992

    COMP ESTIMATED VALUE
  • $1.46

    COMP AVG. RENT PER SQFT
Comps Range
$1,749
1$1,7492$1,9003$1,9704$2,0005$2,300
$2,300
RENT COMPS ANALYSIS
  • 9626 Boxwood Avenue Fontana, CA 3
    • 3 beds 2 baths ∙ 1,369 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,369 Sqft ∙ Built 1956
    • Rent
    • Rent Per SQFT
    •  
    • $1,970
    • $1.44
    •  
  • 17217 Manzanita Drive Fontana, CA 1
    • 3 beds 2 baths ∙ 1,339 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,339 Sqft ∙ Built 1958
    LEASED 04/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,749
    • $1.31
    •  
  • 9602 Grace Street Fontana, CA 2
    • 3 beds 3 baths ∙ 1,267 Sqft ∙ Built 1952 3 beds 3 baths ∙ 1,267 Sqft ∙ Built 1952
    LEASED 08/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.50
    •  
  • 9803 Mango Drive Fontana, CA 4
    • 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1952 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1952
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.48
    •  
  • 9466 Emerald Avenue Fontana, CA 5
    • 3 beds 2 baths ∙ 1,505 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,505 Sqft ∙ Built 1972
    LEASED 07/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.53
    •  
PROPERTY LISTING DETAILS
Raymond Aldama
Agave Place, Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IG21055800
Last Updated: 03/20/2021
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