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10906 Manchester Street Rancho Cucamonga, CA 91701

3 Beds 2 Baths 1,512 sqft Built 1987

$575,000

List Price

$2,170

$2K - $2.4K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 1987
  • Price/Sqft : $380.29
  • 2 Days on Market
  • MLS # : CV20227529
  • Updated Date : 11/02/2020 at 09:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,512 sqft
  • Baths : 1 full , 1 half
Listing Agent

Realty One Group West

Listing Agent's Description

Charming two story home located in established neighborhood of RANCHO CUCAMONGA. Pride of ownership is evident at first view of the curbside appeal and manicured grounds. This immaculate residence has been upgraded with custom features throughout. Beautiful Lament flooring and tile, newer double Pane windows, custom plantation shutters, and ceiling fans in most all rooms. Kitchen has been remodeled to include custom cabinetry and granite counters and has interior kitchen nook. Formal Living and dining room, Fireplace, 3 Nice size bedrooms, all baths remodeled, including counters, cabinets flooring and a newer shower door. The love and attention to detail in this home reflects the Owners total love and respect for fine living. Several amenities obvious upon view, including, mirrored closet doors, LED lighting, recently exterior paint (2) years, newer fixtures newer commodes, newer carpet upstairs and more. This home including rear grounds with above ground spa perfect for family living and formal entertaining. A True Beauty. See this one.

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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: Victoria

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $149k628k

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

Neighborhood: Victoria

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2110012001300140015001600170018001900200021002200230024002500Rent in $10822537

* 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
Victoria Groves Elementary School Primary Regular 534 21 8
Vineyard Junior High School Middle Regular 752 27 9
Los Osos High School High Regular 3,211 114 9

Victoria Groves Elementary School

  • Education Level: Primary
  • # of students: 534
  • # 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
 

$517,500$632,500$575,000

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 -$2,122
Property Tax -$637
Property Insurance -$64
Property Management Fees -$128
CASH FLOW
-$780

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.

$575,000

PROJECTED PRICE

$2,170

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 5.2%
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-$15k-$10k-$5.0k$0.0$5.0k

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$158,125

INVESTMENT

$158,125

Down Payment
$143,750
Rehab Estimate
$5,750
Closing Costs
$8,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,122

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $143,750
Loan Amount $431,250
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$272

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
  • $1.44

    LIST RENT PER SQFT
  • $2,264

    COMP ESTIMATED VALUE
  • $1.5

    COMP AVG. RENT PER SQFT
Comps Range
$2,170
1$2,1702$2,2503$2,3004$2,4955$2,600
$2,600
RENT COMPS ANALYSIS
  • 10906 Manchester Street Rancho Cucamonga, CA 1
    • 3 beds 2 baths ∙ 1,512 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,512 Sqft ∙ Built 1987
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,170
    • $1.44
    •  
  • 11090 Delaware Street Rancho Cucamonga, CA 2
    • 3 beds 3 baths ∙ 1,550 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,550 Sqft ∙ Built 1987
    property image
    LEASED 01/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.45
    •  
  • 10974 Menlo Court Rancho Cucamonga, CA 3
    • 4 beds 3 baths ∙ 1,650 Sqft ∙ Built 1988 4 beds 3 baths ∙ 1,650 Sqft ∙ Built 1988
    property image
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.39
    •  
  • 7044 Palm Drive Rancho Cucamonga, CA 4
    • 4 beds 2 baths ∙ 1,580 Sqft ∙ Built 1980 4 beds 2 baths ∙ 1,580 Sqft ∙ Built 1980
    property image
    LEASED 12/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.58
    •  
  • 11202 Cortland Rancho Cucamonga, CA 5
    • 4 beds 3 baths ∙ 1,653 Sqft ∙ Built 1988 4 beds 3 baths ∙ 1,653 Sqft ∙ Built 1988
    property image
    LEASED 11/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.57
    •  
PROPERTY LISTING DETAILS
Carolyn Ward
Realty One Group West
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20227529
Last Updated: 11/02/2020
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