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10375 Church Street #120 Rancho Cucamonga, CA 91730

4 Beds 3 Baths 1,985 sqft Built 2007

$569,000

List Price

$2,700

$2.5K - $3K

Rent Est.

PROPERTY INFO

December 22, 2020 RECENTLY ADDED
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,

SEE MORE

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

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
 

$512,100$625,900$569,000

PURCHASE PRICE

$2,430$2,970$2,700

RENT

DOWN PAYMENT
FINANCING

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

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$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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$156,535

INVESTMENT

$156,535

Down Payment
$142,250
Rehab Estimate
$5,750
Closing Costs
$8,535

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,099

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $142,250
Loan Amount $426,750
See What Happens When You Reinvest Cash Flow

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
$2,370
1$2,3702$2,4003$2,4804$2,7005$3,000
$3,000
RENT COMPS ANALYSIS
  • 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
Jose Hernandez
Amco Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV20261026
Last Updated: 12/21/2020
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