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11575 Claridge Drive Rancho Cucamonga, CA 91730

4 Beds 3 Baths 1,811 sqft Built 1993

$609,999

List Price

$2,410

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

February 03, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $336.83
  • 7 Days on Market
  • MLS # : CV21021367
  • Updated Date : 02/05/2021 at 19:33
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,811 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart, Evergreen Realty

Listing Agent's Description

4 Bedroom, 2 1/2 bathroom two story home in beautiful a highly desired Rancho Cucamonga neighborhood settled nicely in a cul-de-sac. This house is turnkey and ready to go. Upgraded Kitchen, newer carpets, newer AC, tankless water heater and many more desirable features to this home for your buyers to see. Front and rear yard are fully landscaped. Backyard has a large covered patio for those nights you feel like BBQing and eating outside. Located close to all major freeways, grocery, retail, restaurants, transportation, City Hall and local businesses and only a few minutes to Victoria Gardens. Several parks nearby including picturesque vineyards! Don't Miss! Backyard fence was blown down in the last horrible winds. It will be replaced with a new fence.

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
 

$548,999$670,999$609,999

PURCHASE PRICE

$2,169$2,651$2,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,410
EXPENSES Loan Payment -$2,119
Property Tax -$624
Property Insurance -$71
Property Management Fees -$142
CASH FLOW
-$546

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.

$609,999

PROJECTED PRICE

$2,410

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$1.8M

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$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$167,400

INVESTMENT

$167,400

Down Payment
$152,500
Rehab Estimate
$5,750
Closing Costs
$9,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,119

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $152,500
Loan Amount $457,499
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$4,030

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,410

    LIST RENT
  • $1.33

    LIST RENT PER SQFT
  • $2,486

    COMP ESTIMATED VALUE
  • $1.37

    COMP AVG. RENT PER SQFT
Comps Range
$2,410
1$2,4102$2,6003$2,6004$2,6505$2,860
$2,860
RENT COMPS ANALYSIS
  • 11575 Claridge Drive Rancho Cucamonga, CA 1
    • 4 beds 3 baths ∙ 1,811 Sqft ∙ Built 1993 4 beds 3 baths ∙ 1,811 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $2,410
    • $1.33
    •  
  • 11873 Bunker Drive Rancho Cucamonga, CA 2
    • 3 beds 3 baths ∙ 1,956 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,956 Sqft ∙ Built 1999
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.33
    •  
  • 7628 Byron Avenue Rancho Cucamonga, CA 3
    • 4 beds 3 baths ∙ 1,974 Sqft ∙ Built 1992 4 beds 3 baths ∙ 1,974 Sqft ∙ Built 1992
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.32
    •  
  • 7481 Holloway Road Rancho Cucamonga, CA 4
    • 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
    •  
  • 11853 Manhattan Court Rancho Cucamonga, CA 5
    • 4 beds 3 baths ∙ 1,956 Sqft ∙ Built 1999 4 beds 3 baths ∙ 1,956 Sqft ∙ Built 1999
    LEASED 11/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,860
    • $1.46
    •  
PROPERTY LISTING DETAILS
Nicole Jones
Homesmart, Evergreen Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21021367
Last Updated: 02/05/2021
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