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11250 Alencon Drive Rancho Cucamonga, CA 91730

3 Beds 3 Baths 1,403 sqft Built 1988

$569,000

List Price

$2,160

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

January 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $405.56
  • 6 Days on Market
  • MLS # : TR21017050
  • Updated Date : 01/29/2021 at 18:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,403 sqft
  • Baths : 3 full
Listing Agent

Re/max Advanced Realty

Listing Agent's Description

TURNKEY TERRA VISTA HOME. FAMILY ROOM, LIVING ROOM WITH FIREPLACE, PLANTATION SHUTTERS, CERAMIC TILE COUNTERS & FLOORING. NICELY LANDSCAPED AND MAINTAINED, BLOCK WALL FENCING. EXCELLENT CUL-DE-SAC LOCATION.

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MARKET HIGHLIGHTS

  • 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.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Terra Vista

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $149k584k

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

Neighborhood: Terra Vista

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
Coyote Canyon Elementary School Primary Regular 771 31 8
Rancho Cucamonga High School High Regular 3,462 123 9

Coyote Canyon Elementary School

  • Education Level: Primary
  • # of students: 771
  • # of teachers: 31
8
GreatSchools Rating

Rancho Cucamonga High School

  • Education Level: High
  • # of students: 3,462
  • # of teachers: 123
9
GreatSchools Rating
 

$512,100$625,900$569,000

PURCHASE PRICE

$1,944$2,376$2,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,160
EXPENSES Loan Payment -$1,976
Property Tax -$612
Property Insurance -$61
Property Management Fees -$127
CASH FLOW
-$617

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.

$569,000

PROJECTED PRICE

$2,160

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 5.8%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$156,535

INVESTMENT

$156,535

Down Payment
$142,250
Rehab Estimate
$5,750
Closing Costs
$8,535

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,976

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $142,250
Loan Amount $426,750
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$1,130

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,160

    LIST RENT
  • $1.54

    LIST RENT PER SQFT
  • $2,150

    COMP ESTIMATED VALUE
  • $1.53

    COMP AVG. RENT PER SQFT
Comps Range
$1,999
1$1,9992$2,1503$2,1604$2,2505$2,300
$2,300
RENT COMPS ANALYSIS
  • 11250 Alencon Drive Rancho Cucamonga, CA 3
    • 3 beds 3 baths ∙ 1,403 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,403 Sqft ∙ Built 1988
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,160
    • $1.54
    •  
  • 7301 Belpine Rancho Cucamonga, CA 1
    • 3 beds 3 baths ∙ 1,354 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,354 Sqft ∙ Built 1989
    property image
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,999
    • $1.48
    •  
  • 7698 Belpine Place Rancho Cucamonga, CA 2
    • 3 beds 3 baths ∙ 1,403 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,403 Sqft ∙ Built 1988
    property image
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.53
    •  
  • 11433 Mountain View Drive Rancho Cucamonga, CA 4
    • 3 beds 3 baths ∙ 1,516 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,516 Sqft ∙ Built 2002
    property image
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.48
    •  
  • 11210 Alencon Drive Rancho Cucamonga, CA 5
    • 3 beds 3 baths ∙ 1,403 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,403 Sqft ∙ Built 1988
    property image
    LEASED 07/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.64
    •  
PROPERTY LISTING DETAILS
Shengli Ge
Re/max Advanced Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: TR21017050
Last Updated: 01/29/2021
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