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11529 Lancaster Way Rancho Cucamonga, CA 91730

3 Beds 3 Baths 1,743 sqft Built 1989

$600,000

List Price

$2,420

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

January 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $344.23
  • 7 Days on Market
  • MLS # : IV21006034
  • Updated Date : 01/12/2021 at 18:28
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,743 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Socal

Listing Agent's Description

Welcome home to this stunning architectural property in a gorgeous Rancho Cucamonga neighborhood. The property features an open-concept kitchen with a breakfast nook, granite countertops with white cabinetry, lots of windows taking full advantage of the breathtaking cathedral ceilings and architectural walk way with recessed lighting. Upstairs enjoy a remodeled master bathroom with walk-in closet to make it a true retreat feel. Tile flooring, central A/C and heating and a backyard big enough for a pool. In the heart of Rancho Cucamonga and next to Terra Vista Elementary School. Preview this home today!

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

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
 

$540,000$660,000$600,000

PURCHASE PRICE

$2,178$2,662$2,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,420
EXPENSES Loan Payment -$2,084
Property Tax -$614
Property Insurance -$69
Property Management Fees -$143
CASH FLOW
-$490

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.

$600,000

PROJECTED PRICE

$2,420

PROJECTED RENT

0.40%

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$1.6M

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$164,750

INVESTMENT

$164,750

Down Payment
$150,000
Rehab Estimate
$5,750
Closing Costs
$9,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,084

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $150,000
Loan Amount $450,000
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$5,584

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,420

    LIST RENT
  • $1.39

    LIST RENT PER SQFT
  • $2,510

    COMP ESTIMATED VALUE
  • $1.44

    COMP AVG. RENT PER SQFT
Comps Range
$2,280
1$2,2802$2,4203$2,4954$2,6005$2,650
$2,650
RENT COMPS ANALYSIS
  • 11529 Lancaster Way Rancho Cucamonga, CA 2
    • 3 beds 3 baths ∙ 1,743 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,743 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $2,420
    • $1.39
    •  
  • 7353 Ellena W Rancho Cucamonga, CA 1
    • 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
    •  
  • 11855 Gage Drive Rancho Cucamonga, CA 3
    • 3 beds 3 baths ∙ 1,755 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,755 Sqft ∙ Built 2001
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.42
    •  
  • 11441 Candela Drive Rancho Cucamonga, CA 4
    • 3 beds 2 baths ∙ 1,747 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,747 Sqft ∙ Built 1994
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.49
    •  
  • 7481 Holloway Road Rancho Cucamonga, CA 5
    • 4 beds 3 baths ∙ 1,926 Sqft ∙ Built 1990 4 beds 3 baths ∙ 1,926 Sqft ∙ Built 1990
    LEASED 02/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.38
    •  
PROPERTY LISTING DETAILS
Alvin Tapia
Keller Williams Socal
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV21006034
Last Updated: 01/12/2021
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