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PROPERTY INFO
FACTS
- Single Family
- Built In 2007
- Price/Sqft : $286.65
- 7 Days on Market
- MLS # : IV20261026
- Updated Date : 12/21/2020 at 16:57
CONSTRUCTION
- Beds : 4
- Floor Size : 1,985 sqft
- Baths : 3 full
Listing Agent
Amco Realty
Listing Agent's Description
Peace and serenity meet modern day convenience at Alicante in Rancho Cucamonga. This beautiful 4 bedroom, 3 bath sits in a very affluent area of Rancho Cucamonga with gorgeous views of the San Gabriel Mountains and located only minutes from Victoria Gardens. The unit features 1 balconies and is only steps away from the complex playground and patio area which features a community BBQ and picnic area. Home features a 1985 Sqft.. The condo also has plenty of storage in the kitchen and boasts recessed lighting throughout home. Take a dip in the refreshing community pool and end your day while relaxing in the in ground spa. Also, this home is in a highly sought after school district and centrally located to an extensive variety of shopping & restaurants! The complex is very well maintained by the HOA with security guards that walks the community. Owner updates include custom paint,
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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
Neighborhood: Rancho Cucamonga
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Rancho Cucamonga
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,700 |
| EXPENSES | Loan Payment | -$2,099 |
| Property Tax | -$531 | |
| Property Insurance | -$75 | |
| HOA | -$375 | |
| Property Management Fees | -$159 | |
|
CASH FLOW
-$540
|
||
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.
$569,000
PROJECTED PRICE
$2,700
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$156,535
LOAN DETAILS
$2,099
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $142,250 |
| Loan Amount | $426,750 |
1.17
YEARS SAVED
$3,441
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,700
LIST RENT -
$1.36
LIST RENT PER SQFT
-
$2,769
COMP ESTIMATED VALUE -
$1.4
COMP AVG. RENT PER SQFT
Comps Range
-
10375 Church Rancho Cucamonga, CA 4
- 4 beds 3 baths ∙ 1,985 Sqft ∙ Built 2007 4 beds 3 baths ∙ 1,985 Sqft ∙ Built 2007
![property image]()
- Rent
- Rent Per SQFT
- $2,700
- $1.36
-
7351 Greenhaven Avenue Rancho Cucamonga, CA 1
- 3 beds 3 baths ∙ 1,818 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,818 Sqft ∙ Built 1990
![property image]()
LEASED 05/18/20- Rent
- Rent Per SQFT
- $2,370
- $1.30
-
10375 Church Street Rancho Cucamonga, CA 2
- 3 beds 3 baths ∙ 1,692 Sqft ∙ Built 2009 3 beds 3 baths ∙ 1,692 Sqft ∙ Built 2009
![property image]()
LEASED 11/21/20- Rent
- Rent Per SQFT
- $2,400
- $1.42
-
7744 Ashbury Court Rancho Cucamonga, CA 3
- 4 beds 3 baths ∙ 1,862 Sqft ∙ Built 2004 4 beds 3 baths ∙ 1,862 Sqft ∙ Built 2004
![property image]()
LEASED 03/30/20- Rent
- Rent Per SQFT
- $2,480
- $1.33
-
9751 Walnut Court Rancho Cucamonga, CA 5
- 4 beds 2 baths ∙ 1,956 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,956 Sqft ∙ Built 2004
![property image]()
LEASED 08/12/20- Rent
- Rent Per SQFT
- $3,000
- $1.53
PROPERTY LISTING DETAILS
Amco Realty
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: IV20261026
Last Updated: 12/21/2020
