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10419 Monte Vista Street Rancho Cucamonga, CA 91701

3 Beds 2 Baths 1,282 sqft Built 1977

$539,000

List Price

$2,170

$2K - $2.4K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $420.44
  • 23 Days on Market
  • MLS # : EV21015335
  • Updated Date : 02/12/2021 at 10:14
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,282 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Socal

Listing Agent's Description

This single-story home features 3 bedrooms, 2 bathrooms, beautiful wood laminate floors throughout the family room and bedrooms and a large backyard that is perfect for entertaining with room for a pool. As you walk up, you will be surrounded by drought-tolerant landscaping, majestic mountain views, and a newly installed roll-up garage door. Upon entering through the custom wood front door, you are greeted with a cozy family room and welcoming fireplace where the family will love to gather. Step through to the large eat-in kitchen with stainless steel appliances, new custom soft-close cabinetry and a butcher block island. The additional add-on sun-room off the kitchen makes a great family room or game room for the kids and adds extra square footage. The primary bedroom is king-sized and includes an en-suite bathroom complete with brand new shower. The over-sized backyard features an expansive covered patio, mature fruit trees and is great for relaxing or entertaining friends and family. Very low utilities in this home due to drought tolerant landscaping, new roof, and double pane windows. Located in the award winning Alta Loma School district and Los Osos High School.

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
Deer Canyon Elementary School Primary Regular 630 21 8
Vineyard Junior High School Middle Regular 752 27 9
Los Osos High School High Regular 3,211 114 9

Deer Canyon Elementary School

  • Education Level: Primary
  • # of students: 630
  • # of teachers: 21
8
GreatSchools Rating

Vineyard Junior High School

  • Education Level: Middle
  • # of students: 752
  • # of teachers: 27
9
GreatSchools Rating

Los Osos High School

  • Education Level: High
  • # of students: 3,211
  • # of teachers: 114
9
GreatSchools Rating
 

$485,100$592,900$539,000

PURCHASE PRICE

$1,953$2,387$2,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,170
EXPENSES Loan Payment -$1,872
Property Tax -$507
Property Insurance -$58
Property Management Fees -$128
CASH FLOW
-$396

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.

$539,000

PROJECTED PRICE

$2,170

PROJECTED RENT

0.40%

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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$148,585

INVESTMENT

$148,585

Down Payment
$134,750
Rehab Estimate
$5,750
Closing Costs
$8,085

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,872

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $134,750
Loan Amount $404,250
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$6,984

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,170

    LIST RENT
  • $1.69

    LIST RENT PER SQFT
  • $2,160

    COMP ESTIMATED VALUE
  • $1.69

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,1003$2,1704$2,3005$2,395
$2,395
RENT COMPS ANALYSIS
  • 10419 Monte Vista Street Rancho Cucamonga, CA 3
    • 3 beds 2 baths ∙ 1,282 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,282 Sqft ∙ Built 1977
    • Rent
    • Rent Per SQFT
    •  
    • $2,170
    • $1.69
    •  
  • 7339 Ambrosia Road Rancho Cucamonga, CA 1
    • 3 beds 2 baths ∙ 1,218 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,218 Sqft ∙ Built 1984
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.72
    •  
  • 9764 Huntington Drive Rancho Cucamonga, CA 2
    • 3 beds 2 baths ∙ 1,211 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,211 Sqft ∙ Built 1985
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.73
    •  
  • 10596 Evergreen Drive Rancho Cucamonga, CA 4
    • 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 1986
    LEASED 11/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.62
    •  
  • 6687 Austin Court Rancho Cucamonga, CA 5
    • 3 beds 3 baths ∙ 1,430 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,430 Sqft ∙ Built 1988
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.67
    •  
PROPERTY LISTING DETAILS
Heather Langley
Keller Williams Socal
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: EV21015335
Last Updated: 02/12/2021
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