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10375 Church Street #18 Rancho Cucamonga, CA 91730

4 Beds 3 Baths 1,692 sqft Built 2009

$498,888

List Price

$2,540

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
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!

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
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
 

$448,999$548,777$498,888

PURCHASE PRICE

$2,286$2,794$2,540

RENT

DOWN PAYMENT
FINANCING

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

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$137,955

INVESTMENT

$137,955

Down Payment
$124,722
Rehab Estimate
$5,750
Closing Costs
$7,483

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,733

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $124,722
Loan Amount $374,166
See What Happens When You Reinvest Cash Flow

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
$2,300
1$2,3002$2,3003$2,4004$2,5405$3,000
$3,000
RENT COMPS ANALYSIS
  • 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
Nicole Agcaoili
Intero Real Estate Services
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21003133
Last Updated: 01/07/2021
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