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PROPERTY INFO
FACTS
- Single Family
- Built In 2009
- Price/Sqft : $294.85
- 4 Days on Market
- MLS # : CV21003133
- Updated Date : 01/07/2021 at 13:03
CONSTRUCTION
- Beds : 4
- Floor Size : 1,692 sqft
- Baths : 2 full , 1 half
Listing Agent
Intero Real Estate Services
Listing Agent's Description
Meticulously kept and HIGHLY sought after home in the Alicante Community. This end unit is perfectly tucked away with your very own private entrance. It is RARE for an affordable home like this to come to the market with as much room it has to offer!! This is a 4 bedroom 2.5 bath home (TAX RECORDS SHOW 3 BEDROOMS-downstairs room can be easily converted to 4th bedroom). Upon entry, you are welcomed with beautiful, spanish tile with accented mosaic tile piece at the entry. This layout is OPEN which allows for a very spacious floor plan from the living space to the dining area. The kitchen area has ample cabinet space and offers additional seating at the breakfast bar countertop, refrigerator included.. Just off the kitchen is your direct access to garage with wireless entry. Just off the living area, An extraordinary feature to mention is the MAIN FLOOR BEDROOM that is in very close proximity to the restroom for added convenience. Upstairs you will find 2 more bedrooms and the Master Bedroom suite. Across from the 2 bedrooms you will find the individual laundry room with washer/dryer included. The Master Bedroom has private balcony access with mountain views from each window, Huge Walk-In closet, and large master bath with Roman style tub with shower. Added Features: Crown Molding, Recessed lighting, long driveway allows 2 more parking spaces, APPLIANCES INCLUDED, etc.!! Home is across from the park, close to guest parking, and walking distance to schools and close to shopping!
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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
* 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 | $2,540 |
| EXPENSES | Loan Payment | -$1,733 |
| Property Tax | -$469 | |
| Property Insurance | -$68 | |
| HOA | -$402 | |
| Property Management Fees | -$150 | |
|
CASH FLOW
-$282
|
||
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.
$498,888
PROJECTED PRICE
$2,540
PROJECTED RENT
0.51%
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
$137,955
LOAN DETAILS
$1,733
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $124,722 |
| Loan Amount | $374,166 |
2.25
YEARS SAVED
$8,185
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,540
LIST RENT -
$1.5
LIST RENT PER SQFT
-
$2,496
COMP ESTIMATED VALUE -
$1.48
COMP AVG. RENT PER SQFT
Comps Range
-
10375 Church Street Rancho Cucamonga, CA 4
- 4 beds 3 baths ∙ 1,692 Sqft ∙ Built 2009 4 beds 3 baths ∙ 1,692 Sqft ∙ Built 2009
![property image]()
- Rent
- Rent Per SQFT
- $2,540
- $1.50
-
10533 Oakdale Drive Rancho Cucamonga, CA 1
- 3 beds 3 baths ∙ 1,580 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,580 Sqft ∙ Built 1990
![property image]()
LEASED 04/07/20- Rent
- Rent Per SQFT
- $2,300
- $1.46
-
10375 Church Street Rancho Cucamonga, CA 2
- 3 beds 3 baths ∙ 1,546 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,546 Sqft ∙ Built 2008
![property image]()
LEASED 02/07/20- Rent
- Rent Per SQFT
- $2,300
- $1.49
-
10375 Church Street Rancho Cucamonga, CA 3
- 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
-
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
Intero Real Estate Services
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: CV21003133
Last Updated: 01/07/2021
