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11450 Church Street # 149 Rancho Cucamonga, CA 91730

3 Beds 3 Baths 1,696 sqft Built 2004

INVESTimate

$459,000

List Price

$2,200

$1,980 - $2,420

Rent Est.

$485,576  ( +5.79%)   1 YR EST. FORECAST

PROPERTY INFO

August 23, 2020 RECENTLY ADDED
FACTS
  • Built In 2004
  • Price/Sqft : $270.64
  • 6 Days on Market
  • MLS # : TR20171407
  • Updated Date : 08/21/2020 at 12:18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,696 sqft
  • Baths : 2 full , 1 half
Listing Agent

Gogo Realtors R.h Corp.

Listing Agent's Description

GREAT SCHOOLS! Gorgeous condo with lots of upgrades. Very well maintained and updated with modern touch. New wood flooring through out, new appliances installed less than a year. Open floor plan, 3 bedrooms, 2.5 bathrooms, 2 car garage with direct access. Large living room with a cozy fireplace and sliding glass door to the yard. The dining room opens into the kitchen featuring recessed lights, stainless appliances, lots of cabinets and a breakfast bar. Upstairs, you'll find a nice size laundry room with a shelf. The spacious master bedroom features a walk-in closet, and separate shower & bath. Good sized guest rooms. Community amenities which include: pool, spa, playgrounds, picnic area, greenbelts. Conveniently located in the heart of Rancho Cucamonga. Easy access to 10 and 210 freeway, Victoria Gardens, Ontario Mills and Towne Center. Move-in ready, great investment property or owner occupy. 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: 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
 

$413,100$504,900$459,000

PURCHASE PRICE

$1,980$2,420$2,200

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,200
EXPENSES Loan Payment -$1,694
Property Tax -$470
Property Insurance -$68
HOA -$282
Property Management Fees -$130
CASH FLOW
-$443

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.

$459,000

PROJECTED PRICE

$2,200

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 5.79%
Maintenance Year (1-5) 8.00%
Vacancy 5.35%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$127,385

INVESTMENT

$127,385

Down Payment
$114,750
Rehab Estimate
$5,750
Closing Costs
$6,885

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,694

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $114,750
Loan Amount $344,250
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$2,383

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,200

    LIST RENT
  • $1.3

    LIST RENT PER SQFT
  • $2,463

    COMP ESTIMATED VALUE
  • $1.45

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2503$2,5004$2,5955$2,595
$2,595
RENT COMPS ANALYSIS
  • 11450 Church Street Rancho Cucamonga, 1
    • 3 beds 3 baths ∙ 1,696 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,696 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.30
    •  
  • 11433 Mountain View Drive Rancho Cucamonga, 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
    •  
  • 11805 Yorktown Court Rancho Cucamonga, 3
    • 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 2002
    LEASED 09/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.39
    •  
  • 11811 Rockingham Court Rancho Cucamonga, 4
    • 3 beds 2 baths ∙ 1,767 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,767 Sqft ∙ Built 2002
    LEASED 09/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $1.47
    •  
  • 11715 Brandywine Place Rancho Cucamonga, 5
    • 3 beds 2 baths ∙ 1,767 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,767 Sqft ∙ Built 2002
    LEASED 06/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $1.47
    •  
PROPERTY LISTING DETAILS
Steven See
Gogo Realtors R.h Corp.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: TR20171407
Last Updated: 08/21/2020
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