Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
11482 Pikes Peak Court 
Rancho Cucamonga, CA
91737
3 Beds 2 Baths 1,172 sqft
Built 1987
INVESTimate
$449,900
List Price
$124,974
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Built In 1987
- Price/Sqft : $383.87
- 3 Days on Market
- MLS # : IV20173916
- Updated Date : 08/24/2020 at 18:40
CONSTRUCTION
- Beds : 3
- Floor Size : 1,172 sqft
- Baths : 2 full
Listing Agent
Realty Masters & Associates
Listing Agent's Description
Incredible opportunity to purchase an affordable home above the 210 in upper Rancho Cucamonga! Located in one of the best school districts in Southern California, this perfect single story is waiting for it's new owners to put their finishing touches on it to make it their dream home. Fantastic attributes such as vaulted ceilings, indoor laundry room and low maintenance back yard make this a home you don't want to miss! Best of all it's located at the end of a cul-de-sac!
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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Caryn
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,090 |
| EXPENSES | Loan Payment | -$1,660 |
| Property Tax | -$470 | |
| Property Insurance | -$56 | |
| Property Management Fees | -$123 | |
|
CASH FLOW
-$219
|
||
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.
$449,900
PROJECTED PRICE
$2,090
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.95% |
| Appreciation Year (1-5) | 6.10% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.35% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$124,974
LOAN DETAILS
$1,660
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $112,475 |
| Loan Amount | $337,425 |
3.33
YEARS SAVED
$15,087
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,090
LIST RENT -
$1.78
LIST RENT PER SQFT
-
$1,878
COMP ESTIMATED VALUE -
$1.6
COMP AVG. RENT PER SQFT
Comps Range
-
11482 Pikes Peak Court Rancho Cucamonga, 1
- 3 beds 2 baths ∙ 1,172 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,172 Sqft ∙ Built 1987
- Rent
- Rent Per SQFT
- $2,090
- $1.78
-
11626 Mount Hood Court Rancho Cucamonga, 2
- 3 beds 2 baths ∙ 1,472 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,472 Sqft ∙ Built 1986
LEASED 05/12/20- Rent
- Rent Per SQFT
- $2,300
- $1.56
-
6596 Purdue Court Rancho Cucamonga, 3
- 3 beds 2 baths ∙ 1,390 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,390 Sqft ∙ Built 1989
LEASED 06/11/20- Rent
- Rent Per SQFT
- $2,300
- $1.65
-
6324 Mt. Wellington Court Rancho Cucamonga, 4
- 3 beds 3 baths ∙ 1,484 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,484 Sqft ∙ Built 1984
LEASED 04/08/19- Rent
- Rent Per SQFT
- $2,350
- $1.58
-
11670 Mount Miriah Drive Rancho Cucamonga, 5
- 3 beds 2 baths ∙ 1,484 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,484 Sqft ∙ Built 1988
LEASED 06/05/19- Rent
- Rent Per SQFT
- $2,400
- $1.62
PROPERTY LISTING DETAILS
Realty Masters & Associates
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: IV20173916
Last Updated: 08/24/2020
