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11451 Mount Wallace Court Rancho Cucamonga, CA 91737

4 Beds 3 Baths 1,684 sqft Built 1986

$627,000

List Price

$2,560

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

December 15, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $372.33
  • 7 Days on Market
  • MLS # : CV20257309
  • Updated Date : 12/17/2020 at 19:10
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,684 sqft
  • Baths : 2 full , 1 half
Listing Agent

Clevelandmetz Real Estate

Listing Agent's Description

This Rancho Cucamonga home sits on a cul-de-sac surrounded by beautiful trees and walking trails. It is walking distance to Caryn Elementary and Los Osos High school. Recently remodeled kitchen with white cabinets, granite countertops and stainless steel appliances. A gorgeous front entry door, lovely bay window, cozy fireplace, beautiful wood flooring, high ceilings and so much more to view. Master bedroom with a recently remodeled master bath. Three additional bedrooms, a loft and full bath upstairs. The backyard has a huge pool with spa, perfect for entertainment! Near the 210 freeway, shopping stores, parks and schools. This gorgeous home has it all!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$564,300$689,700$627,000

PURCHASE PRICE

$2,304$2,816$2,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,560
EXPENSES Loan Payment -$2,313
Property Tax -$655
Property Insurance -$68
Property Management Fees -$151
CASH FLOW
-$627

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.

$627,000

PROJECTED PRICE

$2,560

PROJECTED RENT

0.41%

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$171,905

INVESTMENT

$171,905

Down Payment
$156,750
Rehab Estimate
$5,750
Closing Costs
$9,405

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,313

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $156,750
Loan Amount $470,250
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$4,116

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,560

    LIST RENT
  • $1.52

    LIST RENT PER SQFT
  • $2,555

    COMP ESTIMATED VALUE
  • $1.52

    COMP AVG. RENT PER SQFT
Comps Range
$2,560
1$2,5602$2,6003$2,6504$2,6505$2,650
$2,650
RENT COMPS ANALYSIS
  • 11451 Mount Wallace Court Rancho Cucamonga, CA 1
    • 4 beds 3 baths ∙ 1,684 Sqft ∙ Built 1986 4 beds 3 baths ∙ 1,684 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $2,560
    • $1.52
    •  
  • 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
    •  
  • 6558 Bradford Court Rancho Cucamonga, CA 5
    • 3 beds 3 baths ∙ 1,829 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,829 Sqft ∙ Built 1994
    LEASED 08/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.45
    •  
PROPERTY LISTING DETAILS
Estella Lopez
Clevelandmetz Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20257309
Last Updated: 12/17/2020
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