Status   SOLD  
57c on the $ FLIP FA$T or KEEP for Pa$$ive Income
13938 Green Vista Dr., Fontana, CA, 92237 United States
sold
$99,900
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List Date2/12/2009
TypeSFR
Bedrooms3
Bathrooms2
***Click Photo for more***

Here's the skinny:

Monthly rents:  $1400 to $1450
After Repair Value:  $175,000
Your price: *************** $99,900****************
Repairs:  Light
Long term - watch it appreciate over time.  Build a portfolio of these and explode your wealth.

Recent comps in same development:
SOLD:  12021 Glenheather  953 sq. ft.  full price in 14 days  $159,900
SOLD:  14189 Monterra Dr.  958 sq. ft.  full price at  $175,000
SOLD:  11741 Driftwood Dr. 958 sq. ft. sold in 14 days $180,000
SOLD:  14085 Green Vista Dr.  1103 sq. ft. sold in 14 days at $190,000
SOLD:  11967 Jasmine Pl.  1178 sq. ft.  sold in 10 days at $212,000

Active:  The price range for livably clean houses of this size in this neighborhood (short sales excepted)  is $174,900 to $217,500.  Rough fixers are going for $125K to $150K.

Our estimate of After Repair Value on this one:  $175K
Repair bid coming soon, verbally estimated by local contractor at $12-$14K
**********YOUR PRICE $99,900***********
Interior Features There's a well done sunroom added to the back of the house which is NOT included in square footage.
Exterior Features Video tour of house:  http://www.youtube.com/watch?v=KMlz074rZho&feature=channel

Video tour of comps:  http://www.youtube.com/watch?v=v0G_RRDYMsk

Sorry, you have to copy and paste these links into your browser, can't just click on 'em.  It's worth it.
Additional Features and Amenities This is in a master planned development called Southridge in Fontana, near the 60 and 15 freeways.  It's got it's own schools, parks, fire department and shopping center making it eternally desirable for families.

We've flipped over 50 homes in this exact development (one twice!) and continue to see the profit potential here whatever your exit strategy may be.