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9796 Hemlock Avenue Fontana, CA 92335

3 Beds 1 Baths 1,080 sqft Built 1946

$325,000

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1946
  • Price/Sqft : $300.93
  • 2 Days on Market
  • MLS # : IG21015329
  • Updated Date : 01/23/2021 at 18:43
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,080 sqft
  • Baths : 1 full
Listing Agent

Diego Dominguez, Broker

Listing Agent's Description

Please be respectful and do not disturb occupants. Trespassing is illegal. This property is being sold as is. Only cash offers will be considered. Garage was converted into 2nd unit featuring 2 bedrooms 1 bath living room and kitchen area. Buyer to verify all information.

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

PRICE & RENT TRENDS

Zip Code: 92335

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $114k470k

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

Zip Code: 92335

ZipNIR 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
Poplar Elementary School Primary Regular 720 27 4
Poplar Elementary School Middle Regular 720 27 4
Henry J. Kaiser High School High Regular 2,391 106 6

Poplar Elementary School

  • Education Level: Primary
  • # of students: 720
  • # of teachers: 27
4
GreatSchools Rating

Poplar Elementary School

  • Education Level: Middle
  • # of students: 720
  • # of teachers: 27
4
GreatSchools Rating

Henry J. Kaiser High School

  • Education Level: High
  • # of students: 2,391
  • # of teachers: 106
6
GreatSchools Rating
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$1,129
Property Tax -$298
Property Insurance -$53
Property Management Fees -$103
CASH FLOW
$158

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.

$325,000

PROJECTED PRICE

$1,740

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.76%
Appreciation Year (1-5) 9.7%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,129

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

8.25

YEARS SAVED

$35,875

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,740

    LIST RENT
  • $1.61

    LIST RENT PER SQFT
  • $2,293

    COMP ESTIMATED VALUE
  • $2.12

    COMP AVG. RENT PER SQFT
Comps Range
$1,740
1$1,7402$2,0003$2,1004$3,150
$3,150
RENT COMPS ANALYSIS
  • 9796 Hemlock Avenue Fontana, CA 1
    • 3 beds 1 baths ∙ 1,080 Sqft ∙ Built 1946 3 beds 1 baths ∙ 1,080 Sqft ∙ Built 1946
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $1.61
    •  
  • 9355 Cypress Avenue Fontana, CA 2
    • 3 beds 2 baths ∙ 1,086 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,086 Sqft ∙ Built 1956
    property image
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.84
    •  
  • 9163 Beech Avenue Fontana, CA 3
    • 3 beds 1 baths ∙ 954 Sqft ∙ Built 1954 3 beds 1 baths ∙ 954 Sqft ∙ Built 1954
    property image
    LEASED 07/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $2.20
    •  
  • 8932 Poplar Avenue Fontana, CA 4
    • 3 beds 2 baths ∙ 1,351 Sqft ∙ Built 1943 3 beds 2 baths ∙ 1,351 Sqft ∙ Built 1943
    property image
    LEASED 01/16/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $2.33
    •  
PROPERTY LISTING DETAILS
Ruby Bennetts
Diego Dominguez, Broker
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IG21015329
Last Updated: 01/23/2021
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