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10139 Snowbird Drive Rancho Cucamonga, CA 91737

4 Beds 2 Baths 2,415 sqft Built 1987

$787,888

List Price

$2,860

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $326.25
  • 4 Days on Market
  • MLS # : CV21003553
  • Updated Date : 01/07/2021 at 12:07
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,415 sqft
  • Baths : 2 full
Listing Agent

Realty Masters & Associates

Listing Agent's Description

JUST LISTED IN THE DESIRABLE WOODS COMMUNITY. SPACIOUS SINGLE STORY HOME WITH FOUR BEDROOMS WITH TWO FULL BATHS. FORMAL LIVING ROOM AND DINING ROOM, REMODELED KITCHEN WITH GORGEOUS GRANITE COUNTER TOPS. SEPARATE FAMILY WITH FIREPLACE. NEWER HARDWOOD FLOORING IN LIVING ROOM AND DINNG ROOM. SPACIOUS THREE CAR GARAGE AND ROOM ON THE SIDE OF HOME FOR POSSIBLE RV PARKING. SITUATED IN THE MOST DESIRABLE SCHOOL DISTRICT OF RANCHO CUCAMONGA. LOCATED ON A LARGE LOT APPROX 23,000 SFT. GREAT LOCATION NESTLED ON A QUITE CUL-SE-SAC STREET. VERY EASY TO VIEW CALL FOR APPOINTMENT THIS WONT LAST LONG!

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MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Neighborhood: Alta Loma

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $149k785k

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

Neighborhood: Alta Loma

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2120014001600180020002200240026002800Rent in $10822925

* 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
Hermosa Elementary School Primary Regular 527 20 6
Vineyard Junior High School Middle Regular 752 27 9
Los Osos High School High Regular 3,211 114 9

Hermosa Elementary School

  • Education Level: Primary
  • # of students: 527
  • # of teachers: 20
6
GreatSchools Rating

Vineyard Junior High School

  • Education Level: Middle
  • # of students: 752
  • # of teachers: 27
9
GreatSchools Rating

Los Osos High School

  • Education Level: High
  • # of students: 3,211
  • # of teachers: 114
9
GreatSchools Rating
 

$709,099$866,677$787,888

PURCHASE PRICE

$2,574$3,146$2,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,860
EXPENSES Loan Payment -$2,737
Property Tax -$747
Property Insurance -$86
Property Management Fees -$169
CASH FLOW
-$878

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.

$787,888

PROJECTED PRICE

$2,860

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 5.5%
Maintenance Year (1-5) 8.00%
Vacancy 5.35%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$214,540

INVESTMENT

$214,540

Down Payment
$196,972
Rehab Estimate
$5,750
Closing Costs
$11,818

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,737

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $196,972
Loan Amount $590,916
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$1,443

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,860

    LIST RENT
  • $1.18

    LIST RENT PER SQFT
  • $2,880

    COMP ESTIMATED VALUE
  • $1.19

    COMP AVG. RENT PER SQFT
Comps Range
$2,680
1$2,6802$2,7503$2,8004$2,8605$3,100
$3,100
RENT COMPS ANALYSIS
  • 10139 Snowbird Drive Rancho Cucamonga, CA 4
    • 4 beds 2 baths ∙ 2,415 Sqft ∙ Built 1987 4 beds 2 baths ∙ 2,415 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $2,860
    • $1.18
    •  
  • 10140 Saddlehill Rancho Cucamonga, CA 1
    • 3 beds 3 baths ∙ 2,290 Sqft ∙ Built 1988 3 beds 3 baths ∙ 2,290 Sqft ∙ Built 1988
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,680
    • $1.17
    •  
  • 10302 Northridge Drive Rancho Cucamonga, CA 2
    • 4 beds 4 baths ∙ 2,419 Sqft ∙ Built 1989 4 beds 4 baths ∙ 2,419 Sqft ∙ Built 1989
    LEASED 12/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.14
    •  
  • 10122 Saddlehill Terrace Alta Loma, CA 3
    • 4 beds 4 baths ∙ 2,419 Sqft ∙ Built 1988 4 beds 4 baths ∙ 2,419 Sqft ∙ Built 1988
    LEASED 09/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.16
    •  
  • 9587 Carrari Court Rancho Cucamonga, CA 5
    • 4 beds 3 baths ∙ 2,386 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,386 Sqft ∙ Built 1979
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.30
    •  
PROPERTY LISTING DETAILS
Dana Mccausland
Realty Masters & Associates
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21003553
Last Updated: 01/07/2021
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