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11433 Mountain View Drive #59 Rancho Cucamonga, CA 91730

3 Beds 3 Baths 1,516 sqft Built 2002

$489,000

List Price

$2,270

$2K - $2.5K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 2002
  • Price/Sqft : $322.56
  • 5 Days on Market
  • MLS # : CV20229126
  • Updated Date : 10/30/2020 at 14:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,516 sqft
  • Baths : 2 full , 1 half
Listing Agent

A List Estates

Listing Agent's Description

Great opportunity to own this 3 bedroom 2 1/2 single family residence located in the Windsor planned community. When you step inside this well cared for home you will find a wood floor entry, a spacious living room with a cozy fireplace, newer carpeting plus dressed with plantation shutters. The open kitchen featuring granite countertops (plus breakfast bar seating), stainless appliances that is complete with a dining area that leads to a sliding glass door leading out to the rear yard. Additionally downstairs you will find a half a bath (guest bathroom). Upstairs is where you find all 3 bedrooms. The main bedroom is oversized with an en-suite that has been updated, featuring a remodeled shower, plus his and her closets. Other 2 bedrooms are nice size. Exterior of the property has been painted in the last two years. This well cared for property is something a Buyer can easily fall in love with. The community offers a child's play area. HOA dues are $267 per month. The dues cover the water bill and front yard landscaping. Per Realist tax records property shows as a 2 bedroom, the tax records are incorrect.

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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: 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
Terra Vista Elementary School Primary Regular 772 31 10
Etiwanda Intermediate School Middle Regular 1,305 51 8
Rancho Cucamonga High School High Regular 3,462 123 9

Terra Vista Elementary School

  • Education Level: Primary
  • # of students: 772
  • # of teachers: 31
10
GreatSchools Rating

Etiwanda Intermediate School

  • Education Level: Middle
  • # of students: 1,305
  • # of teachers: 51
8
GreatSchools Rating

Rancho Cucamonga High School

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

$440,100$537,900$489,000

PURCHASE PRICE

$2,043$2,497$2,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,270
EXPENSES Loan Payment -$1,804
Property Tax -$500
Property Insurance -$64
HOA -$267
Property Management Fees -$134
CASH FLOW
-$499

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.

$489,000

PROJECTED PRICE

$2,270

PROJECTED RENT

0.46%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$135,335

INVESTMENT

$135,335

Down Payment
$122,250
Rehab Estimate
$5,750
Closing Costs
$7,335

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,804

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $122,250
Loan Amount $366,750
See What Happens When You Reinvest Cash Flow

0.75

YEARS SAVED

$1,859

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,270

    LIST RENT
  • $1.5

    LIST RENT PER SQFT
  • $2,266

    COMP ESTIMATED VALUE
  • $1.49

    COMP AVG. RENT PER SQFT
Comps Range
$2,150
1$2,1502$2,2503$2,2504$2,2705$2,280
$2,280
RENT COMPS ANALYSIS
  • 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
    • Rent
    • Rent Per SQFT
    •  
    • $2,270
    • $1.50
    •  
  • 7698 Belpine Place Rancho Cucamonga, CA 1
    • 3 beds 3 baths ∙ 1,403 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,403 Sqft ∙ Built 1988
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.53
    •  
  • 11433 Mountain View Drive Rancho Cucamonga, CA 2
    • 3 beds 3 baths ∙ 1,516 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,516 Sqft ∙ Built 2002
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.48
    •  
  • 7674 Continental Rancho Cucamonga, CA 3
    • 3 beds 3 baths ∙ 1,500 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,500 Sqft ∙ Built 1999
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.50
    •  
  • 7353 Ellena W Rancho Cucamonga, CA 5
    • 3 beds 3 baths ∙ 1,549 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,549 Sqft ∙ Built 2003
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,280
    • $1.47
    •  
PROPERTY LISTING DETAILS
Mary Harlan
A List Estates
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20229126
Last Updated: 10/30/2020
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