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11130 Malone Street Rancho Cucamonga, CA 91701

3 Beds 2 Baths 1,100 sqft Built 1988

$499,900

List Price

$2,120

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 17, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $454.45
  • 6 Days on Market
  • MLS # : IV21032379
  • Updated Date : 02/18/2021 at 16:27
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,100 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Socal

Listing Agent's Description

This single family residence is located in the beautiful city of Rancho Cucamonga, right off of Millikan and Kenyon. It is close to many shopping centers with places like Albertsons and Ralphs. It is also in close proximity to Kenyon Park, a beautiful location to get some exercise or enjoy the weather. The property offers 3 bedrooms, 2 bathrooms and a beautiful yard with much potential. The yard is great for entertainment and has many fruit trees including avocados, oranges, tangerines, and lemons. This home is great for a small family looking to purchase their first home, or a second home for someone looking for a cashflow property. LOCATION is a major plus for this home, especially with the view of the beautiful mountains in the back yard. This home will fly, be sure to come see it!!!

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Victoria

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700kPrice in $149k709k

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

Neighborhood: Victoria

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q212001400160018002000220024002600Rent in $10822625

* 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
Vineyard Junior High School Middle Regular 752 27 9
Los Osos High School High Regular 3,211 114 9
Los Osos High School High Unknown NA

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

Los Osos High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$449,910$549,890$499,900

PURCHASE PRICE

$1,908$2,332$2,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,120
EXPENSES Loan Payment -$1,736
Property Tax -$553
Property Insurance -$54
Property Management Fees -$125
CASH FLOW
-$349

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.

$499,900

PROJECTED PRICE

$2,120

PROJECTED RENT

0.42%

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$138,224

INVESTMENT

$138,224

Down Payment
$124,975
Rehab Estimate
$5,750
Closing Costs
$7,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,736

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $124,975
Loan Amount $374,925
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$6,813

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,120

    LIST RENT
  • $1.93

    LIST RENT PER SQFT
  • $1,865

    COMP ESTIMATED VALUE
  • $1.69

    COMP AVG. RENT PER SQFT
Comps Range
$2,120
1$2,1202$2,3003$2,3004$2,3955$2,400
$2,400
RENT COMPS ANALYSIS
  • 11130 Malone Street Rancho Cucamonga, CA 1
    • 3 beds 2 baths ∙ 1,100 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,100 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $2,120
    • $1.93
    •  
  • 11132 Shaw Street Rancho Cucamonga, CA 2
    • 3 beds 3 baths ∙ 1,342 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,342 Sqft ∙ Built 1988
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.71
    •  
  • 11216 Amarillo Street San Bernardino, CA 3
    • 3 beds 3 baths ∙ 1,380 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,380 Sqft ∙ Built 1988
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.67
    •  
  • 6687 Austin Court Rancho Cucamonga, CA 4
    • 3 beds 3 baths ∙ 1,430 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,430 Sqft ∙ Built 1988
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.67
    •  
  • 6596 Purdue Court Rancho Cucamonga, CA 5
    • 3 beds 2 baths ∙ 1,390 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,390 Sqft ∙ Built 1989
    LEASED 10/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.73
    •  
PROPERTY LISTING DETAILS
Nancy Wanes
Keller Williams Socal
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV21032379
Last Updated: 02/18/2021
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