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11363 Mount Johnson Court Rancho Cucamonga, CA 91737

3 Beds 3 Baths 1,676 sqft Built 1986

$615,000

List Price

$2,470

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $366.95
  • 18 Days on Market
  • MLS # : CV21000367
  • Updated Date : 02/04/2021 at 16:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,676 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker Blackstone Rty

Listing Agent's Description

Welcome Home to Prestigious Rancho Cucamonga. This Beautiful Home Sits on a Corner Lot with Magnificent Mountain Views. The Very Entertaining Backyard has a Large Remodeled Swimming Pool and Spa with all New Energy Efficient Pump and Heater, New Drainage System in Backyard, Synthetic Grass Out Front was installed in 2019, New Hardscape Including Expanded Driveway. Walk into a Lovely Upgraded Door Entry, Separate Living/Dining Room, with Cozy Fireplace, Family Room and Updated Kitchen with Stainless Steel Appliances. Two Fully Remodeled Bathrooms and Updated Master Bathroom. Brand New Low-Flow Toilets. Updated Light Fixtures and Ceiling Fans. New Energy Efficient 50 Gallon Water Heater. Additional Features Include: Tile Floors, Custom Neutral Paint, Upgraded Baseboards, Balcony, and Covered Patio. This Home is a Must See!!

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: Caryn

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $149k584k

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

Neighborhood: Caryn

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
Caryn Elementary School Primary Regular 547 23 9
Day Creek Intermediate School Middle Regular 1,256 49 10
Los Osos High School High Regular 3,211 114 9

Caryn Elementary School

  • Education Level: Primary
  • # of students: 547
  • # of teachers: 23
9
GreatSchools Rating

Day Creek Intermediate School

  • Education Level: Middle
  • # of students: 1,256
  • # of teachers: 49
10
GreatSchools Rating

Los Osos High School

  • Education Level: High
  • # of students: 3,211
  • # of teachers: 114
9
GreatSchools Rating
 

$553,500$676,500$615,000

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 -$2,136
Property Tax -$642
Property Insurance -$68
Property Management Fees -$146
CASH FLOW
-$522

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.

$615,000

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) 6.1%
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$15k

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$168,725

INVESTMENT

$168,725

Down Payment
$153,750
Rehab Estimate
$5,750
Closing Costs
$9,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,136

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $153,750
Loan Amount $461,250
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$4,996

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
  • $1.47

    LIST RENT PER SQFT
  • $2,631

    COMP ESTIMATED VALUE
  • $1.57

    COMP AVG. RENT PER SQFT
Comps Range
$2,470
1$2,4702$2,6003$2,6504$2,6505$2,800
$2,800
RENT COMPS ANALYSIS
  • 11363 Mount Johnson Court Rancho Cucamonga, CA 1
    • 3 beds 3 baths ∙ 1,676 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,676 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $2,470
    • $1.47
    •  
  • 11670 Mount Lassen Court Rancho Cucamonga, CA 2
    • 4 beds 3 baths ∙ 1,720 Sqft ∙ Built 1988 4 beds 3 baths ∙ 1,720 Sqft ∙ Built 1988
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.51
    •  
  • 11728 White Mountain Court Rancho Cucamonga, CA 3
    • 4 beds 3 baths ∙ 1,684 Sqft ∙ Built 1988 4 beds 3 baths ∙ 1,684 Sqft ∙ Built 1988
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.57
    •  
  • 6410 Mount Bend Place Rancho Cucamonga, CA 4
    • 4 beds 3 baths ∙ 1,720 Sqft ∙ Built 1988 4 beds 3 baths ∙ 1,720 Sqft ∙ Built 1988
    LEASED 05/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.54
    •  
  • 11595 Mammoth Peak Court Rancho Cucamonga, CA 5
    • 3 beds 3 baths ∙ 1,684 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,684 Sqft ∙ Built 1986
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.66
    •  
PROPERTY LISTING DETAILS
Rosemarie Apodaca
Coldwell Banker Blackstone Rty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21000367
Last Updated: 02/04/2021
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