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10259 Dorset Street Rancho Cucamonga, CA 91730

3 Beds 2 Baths 1,376 sqft Built 1957

INVESTimate

$525,000

List Price

$2,190

$1,971 - $2,409

Rent Est.

$560,228  ( +6.71%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1957
  • Price/Sqft : $381.54
  • 17 Days on Market
  • MLS # : CV20161763
  • Updated Date : 08/22/2020 at 12:33
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,376 sqft
  • Baths : 2 full
Listing Agent

The Associates Realty Group

Listing Agent's Description

THIS PROPERTY IS IN A GREAT LOCATION CLOSE TO SHOPPING CENTERS, RESTAURANTS, MEDICAL OFFICES AND THE RANCHO CUCAMONGA CIVIC CENTER! THIS 3 BEDROOM 2 BATH AND 2 CAR GARAGE WITH A SPARKLING POOL AND SPA WILL NOT LAST LONG!!! .THERE IS ALSO A 200 SQ FT ENCLOSED PATIO!! THE PROPERTY HAS A RECENTLY REPLACED ROOF, GARAGE DOOR, POOL FILTER AND SPA HEATER. ***** THERE IS A $2,000 CREDIT TOWARD THE REPLACEMENT OF THE CARPET WHERE NEEDED***** THE SELLER IS WILLING TO LEAVE ALL KITCHEN APPLIANCES UPON REQUEST I.E. FRIDGE, MICROWAVE, WINE COOLER, DISH WASHER, STOVE, STACKED WASHER AND DRYER. THERE IS A COMPLEX DOG RUN IN THE REAR EAST SIDE OF THE PROPERTY WHICH INCLUDES AN AIR CONDITIONED DOGGY SHED WITH DOGGY DOORS. THE STORAGE CABINETS AND WORK BENCH WILL BE LEFT IN THE GARAGE WHICH HAS A 220 VOLT JUNCTION FOR RV AND CARS. THERE IS FORCED CENTRAL AIR/HEAT CONDITIONING EQUIPED WITH A SECONDARY HEPA FILTER. MULTIPLE SOLAR PANELS ARE ATTACHED TO THE ROOF AND THE CONTRACTUAL DOCUMENTS WILL BE AVAILABLE UPON REQUEST. MORE PICTURES TO FOLLOW ON THURSDAY AUGUST 20, 2020 AFTER 2 PM. THANK YOU FOR YOUR PATIENCE. PLEASE HURRY THIS ONE WILL NOT LAST LONG!!! EASY SHOWINGS!! PRESENT ALL OFFERS!!!

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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: 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
Dona Merced Elementary School Primary Regular 602 23 7
Ruth Musser Middle School Middle Regular 976 39 7
Rancho Cucamonga High School High Regular 3,462 123 9

Dona Merced Elementary School

  • Education Level: Primary
  • # of students: 602
  • # of teachers: 23
7
GreatSchools Rating

Ruth Musser Middle School

  • Education Level: Middle
  • # of students: 976
  • # of teachers: 39
7
GreatSchools Rating

Rancho Cucamonga High School

  • Education Level: High
  • # of students: 3,462
  • # of teachers: 123
9
GreatSchools Rating
 

$472,500$577,500$525,000

PURCHASE PRICE

$1,971$2,409$2,190

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,190
EXPENSES Loan Payment -$1,937
Property Tax -$490
Property Insurance -$61
Property Management Fees -$129
CASH FLOW
-$427

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.

$525,000

PROJECTED PRICE

$2,190

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 6.71%
Maintenance Year (1-5) 8.00%
Vacancy 5.35%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$144,875

INVESTMENT

$144,875

Down Payment
$131,250
Rehab Estimate
$5,750
Closing Costs
$7,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,937

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $131,250
Loan Amount $393,750
See What Happens When You Reinvest Cash Flow

1.92

YEARS SAVED

$7,685

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,190

    LIST RENT
  • $1.59

    LIST RENT PER SQFT
  • $2,329

    COMP ESTIMATED VALUE
  • $1.69

    COMP AVG. RENT PER SQFT
Comps Range
$2,190
1$2,1902$2,2003$2,3004$2,3505$2,400
$2,400
RENT COMPS ANALYSIS
  • 10259 Dorset Street Rancho Cucamonga, 1
    • 3 beds 2 baths ∙ 1,376 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,376 Sqft ∙ Built 1957
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,190
    • $1.59
    •  
  • 7913 Cambridge Avenue Rancho Cucamonga, 2
    • 3 beds 2 baths ∙ 1,256 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,256 Sqft ∙ Built 1977
    property image
    LEASED 11/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.75
    •  
  • 10189 Effen Street Rancho Cucamonga, 3
    • 4 beds 2 baths ∙ 1,376 Sqft ∙ Built 1957 4 beds 2 baths ∙ 1,376 Sqft ∙ Built 1957
    property image
    LEASED 04/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.67
    •  
  • 7638 Granby Avenue Rancho Cucamonga, 4
    • 4 beds 2 baths ∙ 1,464 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,464 Sqft ∙ Built 1976
    property image
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.61
    •  
  • 10114 Dorset Street Rancho Cucamonga, 5
    • 4 beds 2 baths ∙ 1,376 Sqft ∙ Built 1957 4 beds 2 baths ∙ 1,376 Sqft ∙ Built 1957
    property image
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.74
    •  
PROPERTY LISTING DETAILS
Arnold Carmody
The Associates Realty Group
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20161763
Last Updated: 08/22/2020
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