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10974 Santa Barbara Place Rancho Cucamonga, CA 91701

3 Beds 3 Baths 1,700 sqft Built 1988

$624,900

List Price

$2,470

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

November 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $367.59
  • 5 Days on Market
  • MLS # : CV20241285
  • Updated Date : 11/19/2020 at 10:43
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,700 sqft
  • Baths : 2 full , 1 half
Listing Agent

Royal Realty

Listing Agent's Description

Absolutely Stunning and will go fast!! This gorgeous 3 bedroom home has everything including covered RV Parking for your toys! Pride of Ownership is seen throughout this home. As you walk up you'll find the inviting patio area. Inside you'll see the updated kitchen with granite countertops, stainless steel appliances, beautiful wood flooring throughout, newer LED recessed lighting throughout, and indoor laundry. Family room also has Lutron Grafik Eye Lighting controls, the perfect place to watch movies with loved ones. Upstairs you'll find the Master Bedroom with an updated bathroom, beautiful barn door-closet door, and nice balcony to relax on at the end of the day. There's also a Jack & Jill bathroom that separates the 2 additional bedrooms. The nice size backyard is perfect for entertaining with a built-in BBQ, jacuzzi tub and play area for the kids. Great Schools, close to shopping and the 210 freeway.

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: 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
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
 

$562,410$687,390$624,900

PURCHASE PRICE

$2,223$2,717$2,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,470
EXPENSES Loan Payment -$2,306
Property Tax -$615
Property Insurance -$68
Property Management Fees -$146
CASH FLOW
-$665

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.

$624,900

PROJECTED PRICE

$2,470

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$1.8M

PROJECTED ANNUAL CASH FLOW

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

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$171,349

INVESTMENT

$171,349

Down Payment
$156,225
Rehab Estimate
$5,750
Closing Costs
$9,374

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,306

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $156,225
Loan Amount $468,675
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$3,010

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,470

    LIST RENT
  • $1.45

    LIST RENT PER SQFT
  • $2,465

    COMP ESTIMATED VALUE
  • $1.45

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,4003$2,4504$2,4705$2,650
$2,650
RENT COMPS ANALYSIS
  • 10974 Santa Barbara Place Rancho Cucamonga, CA 4
    • 3 beds 3 baths ∙ 1,700 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,700 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $2,470
    • $1.45
    •  
  • 10965 Santa Barbara Place Rancho Cucamonga, CA 1
    • 3 beds 2 baths ∙ 1,556 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,556 Sqft ∙ Built 1988
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.48
    •  
  • 11244 Brown Drive Rancho Cucamonga, CA 2
    • 3 beds 2 baths ∙ 1,689 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,689 Sqft ∙ Built 1989
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.42
    •  
  • 11243 Brown Drive Rancho Cucamonga, CA 3
    • 3 beds 2 baths ∙ 1,689 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,689 Sqft ∙ Built 1989
    LEASED 04/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.45
    •  
  • 6558 Bradford Court Rancho Cucamonga, CA 5
    • 3 beds 3 baths ∙ 1,829 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,829 Sqft ∙ Built 1994
    LEASED 08/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.45
    •  
PROPERTY LISTING DETAILS
Rebecca Reyes
Royal Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20241285
Last Updated: 11/19/2020
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