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

10208 Victoria Street Alta Loma, CA 91701

4 Beds 1 Baths 1,645 sqft Built 1980

$690,000

List Price

$2,400

$2.2K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $419.45
  • 5 Days on Market
  • MLS # : IV21045329
  • Updated Date : 03/11/2021 at 09:35
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,645 sqft
  • Baths : 1 full
Listing Agent

Homesmart, Evergreen Realty

Listing Agent's Description

Newly Remodeled Single-Story Home, Boast 4 bed, 2 baths, All New windows throughout, Remodeled Spacious Kitchen with all new Cabinets, Granite counter tops, Large Island, pantry, farmhouse stainless steel sink & appliances, waterproof vinyl flooring throughout home, interior paint, 5” base molding, new interior doors, Recessed lighting in the Kitchen, Dining, Living Rm, bathrooms, and hallways. Spacious family room with wood burning fire place, Master bath remodeled, hall bath-new vanity and fixtures. New light switches and electrical plugs, hot water heater , drip system in planters. Close to Hermosa Park and Deer Canyon Elementary school.

SEE MORE

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: Rancho Cucamonga

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $149k597k

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

Neighborhood: Rancho Cucamonga

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2110012001300140015001600170018001900200021002200230024002500Rent in $10822522

* 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
Vineyard Junior High School Middle Regular 752 27 9
Los Osos High School High Regular 3,211 114 9
Los Osos High School High Unknown NA

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

Los Osos High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$621,000$759,000$690,000

PURCHASE PRICE

$2,160$2,640$2,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,400
EXPENSES Loan Payment -$2,397
Property Tax -$648
Property Insurance -$67
Property Management Fees -$142
CASH FLOW
-$853

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.

$690,000

PROJECTED PRICE

$2,400

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 6.7%
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$188,600

INVESTMENT

$188,600

Down Payment
$172,500
Rehab Estimate
$5,750
Closing Costs
$10,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,397

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $172,500
Loan Amount $517,500
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$421

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,400

    LIST RENT
  • $1.46

    LIST RENT PER SQFT
  • $2,632

    COMP ESTIMATED VALUE
  • $1.6

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,4003$2,5004$2,5005$2,900
$2,900
RENT COMPS ANALYSIS
  • 10208 Victoria Street Alta Loma, CA 2
    • 4 beds 1 baths ∙ 1,645 Sqft ∙ Built 1980 4 beds 1 baths ∙ 1,645 Sqft ∙ Built 1980
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.46
    •  
  • 9678 Fairfield Court Rancho Cucamonga, CA 1
    • 3 beds 3 baths ∙ 1,463 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,463 Sqft ∙ Built 1988
    property image
    LEASED 12/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.64
    •  
  • 9727 Willow Wood Drive Rancho Cucamonga, CA 3
    • 4 beds 3 baths ∙ 1,516 Sqft ∙ Built 1984 4 beds 3 baths ∙ 1,516 Sqft ∙ Built 1984
    property image
    LEASED 06/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.65
    •  
  • 6763 Berkshire Avenue Rancho Cucamonga, CA 4
    • 4 beds 2 baths ∙ 1,635 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,635 Sqft ∙ Built 1977
    property image
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.53
    •  
  • 6234 Callaway Place Rancho Cucamonga, CA 5
    • 4 beds 3 baths ∙ 1,832 Sqft ∙ Built 1988 4 beds 3 baths ∙ 1,832 Sqft ∙ Built 1988
    property image
    LEASED 02/11/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.58
    •  
PROPERTY LISTING DETAILS
Tamara Donnan
Homesmart, Evergreen Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV21045329
Last Updated: 03/11/2021
BESbswy