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

10960 Belcanto Drive Rancho Cucamonga, CA 91737

4 Beds 3 Baths 2,548 sqft Built 1994

$777,000

List Price

$2,910

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $304.95
  • 4 Days on Market
  • MLS # : TR20243581
  • Updated Date : 11/19/2020 at 19:42
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,548 sqft
  • Baths : 3 full
Listing Agent

Realty Masters & Associates

Listing Agent's Description

This is an amazing two story home ready for you to make your own. The dual front doors open into a spacious brightly lite living room the will make anyone feel welcome. Leading into the large kitchen through the swing door that with stainless steel appliances, beautiful dark cherry cabinets, with granite counter tops and tile backsplash. The kitchen connected to a small dining area. There is a downstairs bedroom with a bathroom. there is also a guest bathroom downstairs along with a separate laundry room with lots of storage. Upstairs leads the the master suite with a large bedroom, two walk-in closets, a separate shower and bathtub, and a private toilet room. There are also 3 regular size bedrooms with one directly attached to the bathroom. This home is very close to the elementary school, walking distance, just around the corner. All the schools here are highly rated. There is no HOA! The home is close to shopping and parks for your outdoor enjoyment. So this opportunity will not last long, come visit this home and you will want to make it your own.

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: 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
 

$699,300$854,700$777,000

PURCHASE PRICE

$2,619$3,201$2,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,910
EXPENSES Loan Payment -$2,867
Property Tax -$738
Property Insurance -$89
Property Management Fees -$172
CASH FLOW
-$955

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.

$777,000

PROJECTED PRICE

$2,910

PROJECTED RENT

0.37%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$211,655

INVESTMENT

$211,655

Down Payment
$194,250
Rehab Estimate
$5,750
Closing Costs
$11,655

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,867

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $194,250
Loan Amount $582,750
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,247

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,910

    LIST RENT
  • $1.14

    LIST RENT PER SQFT
  • $3,070

    COMP ESTIMATED VALUE
  • $1.21

    COMP AVG. RENT PER SQFT
Comps Range
$2,900
1$2,9002$2,9103$2,9504$2,9505$3,100
$3,100
RENT COMPS ANALYSIS
  • 10960 Belcanto Drive Rancho Cucamonga, CA 2
    • 4 beds 3 baths ∙ 2,548 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,548 Sqft ∙ Built 1994
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,910
    • $1.14
    •  
  • 6270 Terracina Avenue Rancho Cucamonga, CA 1
    • 4 beds 2 baths ∙ 2,321 Sqft ∙ Built 1993 4 beds 2 baths ∙ 2,321 Sqft ∙ Built 1993
    property image
    LEASED 06/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.25
    •  
  • 11250 Bethany Drive Rancho Cucamonga, CA 3
    • 4 beds 3 baths ∙ 2,543 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,543 Sqft ∙ Built 1990
    property image
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.16
    •  
  • 11021 Seven Pines Drive Rancho Cucamonga, CA 4
    • 4 beds 3 baths ∙ 2,466 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,466 Sqft ∙ Built 1990
    property image
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.20
    •  
  • 6643 Fairwinds Court Rancho Cucamonga, CA 5
    • 4 beds 3 baths ∙ 2,564 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,564 Sqft ∙ Built 1998
    property image
    LEASED 02/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.21
    •  
PROPERTY LISTING DETAILS
John Bentley
Realty Masters & Associates
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: TR20243581
Last Updated: 11/19/2020
BESbswy