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11106 Silver Sun Court Rancho Cucamonga, CA 91737

4 Beds 3 Baths 2,411 sqft Built 1990

$780,000

List Price

$2,840

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
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.

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
 

$702,000$858,000$780,000

PURCHASE PRICE

$2,556$3,124$2,840

RENT

DOWN PAYMENT
FINANCING

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

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$212,450

INVESTMENT

$212,450

Down Payment
$195,000
Rehab Estimate
$5,750
Closing Costs
$11,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,709

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $195,000
Loan Amount $585,000
See What Happens When You Reinvest Cash Flow

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
$2,840
1$2,8402$2,9503$2,9504$2,9505$3,100
$3,100
RENT COMPS ANALYSIS
  • 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
Amanda Bruner
Grason Homes
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21004090
Last Updated: 01/08/2021
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