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10675 Ring Avenue Rancho Cucamonga, CA 91737

3 Beds 3 Baths 2,258 sqft Built 1979

$638,880

List Price

$2,720

$2.5K - $3K

Rent Est.

PROPERTY INFO

November 10, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $282.94
  • 7 Days on Market
  • MLS # : CV20236355
  • Updated Date : 11/12/2020 at 09:54
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,258 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Premier Proper

Listing Agent's Description

This charming two story 3 bedroom 2.5 bathroom home is located in an established neighborhood of Rancho Cucamonga. Pride and ownership is clearly displayed throughout. As you enter the delightful double door entrance you will feel the warmth and comfort of this layout. The first floor offers a living room and dining area with wood flooring and vaulted ceilings. The second floor consist of a master suite fully equipped with a bathroom area, his and her closets and a fireplace. When you step outside you will notice the backyard is a tranquil space that is perfect for entertaining. This property has great access to schools, parks, 210 & 15 freeways, shopping and more!!! Located in the Chaffey Joint Union School District.

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: Alta Loma

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $149k785k

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

Neighborhood: Alta Loma

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2120014001600180020002200240026002800Rent in $10822925

* 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
Banyan Elementary School Primary Regular 631 24 9
Banyan Elementary School Middle Regular 631 24 9
Los Osos High School High Regular 3,211 114 9

Banyan Elementary School

  • Education Level: Primary
  • # of students: 631
  • # of teachers: 24
9
GreatSchools Rating

Banyan Elementary School

  • Education Level: Middle
  • # of students: 631
  • # of teachers: 24
9
GreatSchools Rating

Los Osos High School

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

$574,992$702,768$638,880

PURCHASE PRICE

$2,448$2,992$2,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,720
EXPENSES Loan Payment -$2,357
Property Tax -$629
Property Insurance -$82
Property Management Fees -$160
CASH FLOW
-$508

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.

$638,880

PROJECTED PRICE

$2,720

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 5.5%
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$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$175,053

INVESTMENT

$175,053

Down Payment
$159,720
Rehab Estimate
$5,750
Closing Costs
$9,583

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,357

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $159,720
Loan Amount $479,160
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$9,784

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,720

    LIST RENT
  • $1.2

    LIST RENT PER SQFT
  • $2,755

    COMP ESTIMATED VALUE
  • $1.22

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$2,7203$2,7804$2,9005$2,900
$2,900
RENT COMPS ANALYSIS
  • 10675 Ring Avenue Rancho Cucamonga, CA 2
    • 3 beds 3 baths ∙ 2,258 Sqft ∙ Built 1979 3 beds 3 baths ∙ 2,258 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $2,720
    • $1.20
    •  
  • 6820 Trinity Place Rancho Cucamonga, CA 1
    • 3 beds 3 baths ∙ 2,370 Sqft ∙ Built 1987 3 beds 3 baths ∙ 2,370 Sqft ∙ Built 1987
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.14
    •  
  • 11362 Windhaven Court Rancho Cucamonga, CA 3
    • 4 beds 2 baths ∙ 2,337 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,337 Sqft ∙ Built 1999
    LEASED 11/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,780
    • $1.19
    •  
  • 6191 Cabernet Place Rancho Cucamonga, CA 4
    • 4 beds 3 baths ∙ 2,200 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,200 Sqft ∙ Built 1988
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.32
    •  
  • 10982 San Mateo Place Rancho Cucamonga, CA 5
    • 4 beds 3 baths ∙ 2,350 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,350 Sqft ∙ Built 1995
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.23
    •  
PROPERTY LISTING DETAILS
Priscilla Herrera
Keller Williams Premier Proper
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20236355
Last Updated: 11/12/2020
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