Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

10551 Oakdale Drive Rancho Cucamonga, CA 91730

3 Beds 3 Baths 1,580 sqft Built 1990

$519,988

List Price

$2,350

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

December 03, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $329.11
  • 8 Days on Market
  • MLS # : SW20248113
  • Updated Date : 12/03/2020 at 10:18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,580 sqft
  • Baths : 2 full , 1 half
Listing Agent

The Real Estate Shoppe

Listing Agent's Description

GREAT TERRA VISTA HOME JUST HIT THE MARKET IN RANCHO CUCAMONGA!! THIS BEAUTIFUL HOME FEATURES 3 BEDROOMS, 2.5 BATHROOMS AND 1,580 SQFT OF LIVING SPACE. THIS HOME IS IN AN EXCELLENT LOCATION IN A CUL-DE-SAC, WITHIN WALKING DISTANCE TO SHOPS, RESTAURANTS, SUPERMARKETS AND EASY ACCESS TO MAJOR FREEWAYS.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Terra Vista

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $149k584k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Terra Vista

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
Coyote Canyon Elementary School Primary Regular 771 31 8
Ruth Musser Middle School Middle Regular 976 39 7
Rancho Cucamonga High School High Regular 3,462 123 9

Coyote Canyon Elementary School

  • Education Level: Primary
  • # of students: 771
  • # of teachers: 31
8
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
 

$467,989$571,987$519,988

PURCHASE PRICE

$2,115$2,585$2,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,350
EXPENSES Loan Payment -$1,919
Property Tax -$559
Property Insurance -$65
Property Management Fees -$139
CASH FLOW
-$332

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.

$519,988

PROJECTED PRICE

$2,350

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 5.8%
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$15k

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$143,547

INVESTMENT

$143,547

Down Payment
$129,997
Rehab Estimate
$5,750
Closing Costs
$7,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,919

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $129,997
Loan Amount $389,991
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$12,015

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,350

    LIST RENT
  • $1.49

    LIST RENT PER SQFT
  • $2,342

    COMP ESTIMATED VALUE
  • $1.48

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,3503$2,4004$2,4005$2,450
$2,450
RENT COMPS ANALYSIS
  • 10551 Oakdale Drive Rancho Cucamonga, CA 2
    • 3 beds 3 baths ∙ 1,580 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,580 Sqft ∙ Built 1990
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.49
    •  
  • 10375 Church Street Rancho Cucamonga, CA 1
    • 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
    •  
  • 10783 Sundance Drive Rancho Cucamonga, CA 3
    • 3 beds 3 baths ∙ 1,600 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,600 Sqft ∙ Built 1986
    property image
    LEASED 10/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.50
    •  
  • 10375 Church Street Rancho Cucamonga, CA 4
    • 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
    •  
  • 10734 Hampton Place Rancho Cucamonga, CA 5
    • 3 beds 3 baths ∙ 1,607 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,607 Sqft ∙ Built 1986
    property image
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.52
    •  
PROPERTY LISTING DETAILS
Juan Zarate
The Real Estate Shoppe
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW20248113
Last Updated: 12/03/2020
BESbswy