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PROPERTY INFO
FACTS
- Single Family
- Built In 1990
- Price/Sqft : $323.52
- 3 Days on Market
- MLS # : OC21004090
- Updated Date : 01/08/2021 at 14:50
CONSTRUCTION
- Beds : 4
- Floor Size : 2,411 sqft
- Baths : 3 full
Listing Agent
Grason Homes
Listing Agent's Description
Amazing pool home located at the end of the cul-de-sac in Rancho Cucamonga with oversized driveway. One of the biggest lots currently on the market with over 12,300 square feet. The 3 car garage, gated RV/boat parking and decorative security doors are ideal for any owner. Formal double door entry with stained glass opens to separate living room, dining room, and family room. Kitchen has stainless steel appliances, custom dark cherry cabinets, and quartz counters. Guest bedroom and 1 full bathroom downstairs. Skylights and cathedral ceilings provide tons of natural light. Brand new deck off master bedroom overlooks the foothills and beautiful pool and spa with waterfall. Spacious master bathroom features separate large oval tub for soaking, views, walk-in shower, privacy door, double sinks, and plenty of linen storage. Two bedrooms upstairs share upgraded Jack-n-Jill bathroom. Other features include new water heater, new pool pump, air conditioning, inside laundry room with lots of storage. Huge backyard perfect for entertaining. Relax by the pool, enjoy the palm trees, built-in barbeque, cozy fire pit and amazing views. Great curb appeal and beautifully landscaped.
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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: Alta Loma
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Alta Loma
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,840 |
| EXPENSES | Loan Payment | -$2,709 |
| Property Tax | -$770 | |
| Property Insurance | -$86 | |
| Property Management Fees | -$168 | |
|
CASH FLOW
-$893
|
||
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.
$780,000
PROJECTED PRICE
$2,840
PROJECTED RENT
0.36%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$212,450
LOAN DETAILS
$2,709
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $195,000 |
| Loan Amount | $585,000 |
0.42
YEARS SAVED
$1,048
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,840
LIST RENT -
$1.18
LIST RENT PER SQFT
-
$2,845
COMP ESTIMATED VALUE -
$1.18
COMP AVG. RENT PER SQFT
Comps Range
-
11106 Silver Sun Court Rancho Cucamonga, CA 1
- 4 beds 3 baths ∙ 2,411 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,411 Sqft ∙ Built 1990
![property image]()
- Rent
- Rent Per SQFT
- $2,840
- $1.18
-
11374 Windhaven Court Rancho Cucamonga, CA 2
- 5 beds 3 baths ∙ 2,564 Sqft ∙ Built 1999 5 beds 3 baths ∙ 2,564 Sqft ∙ Built 1999
![property image]()
LEASED 03/09/20- Rent
- Rent Per SQFT
- $2,950
- $1.15
-
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
Grason Homes
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: OC21004090
Last Updated: 01/08/2021
