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11591 Mount Baldwin Court Rancho Cucamonga, CA 91737

4 Beds 2 Baths 1,248 sqft Built 1986

$550,000

List Price

$2,060

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1986
  • Price/Sqft : $440.71
  • 3 Days on Market
  • MLS # : CV20234804
  • Updated Date : 11/06/2020 at 15:47
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,248 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Blackstone Rty

Listing Agent's Description

Perfect location on a quiet cul-de-sac. This turn key 4bd/2bth home is ready for a great family. Granite counter in kitchen with breakfast eating area. No more popcorn ceiling and recessed lighting throughout. Master bath has been completely redone and it is stunning. New flooring throughout. Living room has gas fireplace for those cozy nights. You will not want to miss this one.

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: 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
 

$495,000$605,000$550,000

PURCHASE PRICE

$1,854$2,266$2,060

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,060
EXPENSES Loan Payment -$2,029
Property Tax -$575
Property Insurance -$57
Property Management Fees -$122
CASH FLOW
-$723

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.

$550,000

PROJECTED PRICE

$2,060

PROJECTED RENT

0.37%

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

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k

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$151,500

INVESTMENT

$151,500

Down Payment
$137,500
Rehab Estimate
$5,750
Closing Costs
$8,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,029

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $137,500
Loan Amount $412,500
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$363

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,060

    LIST RENT
  • $1.65

    LIST RENT PER SQFT
  • $2,016

    COMP ESTIMATED VALUE
  • $1.62

    COMP AVG. RENT PER SQFT
Comps Range
$2,060
1$2,0602$2,3003$2,3004$2,3505$2,400
$2,400
RENT COMPS ANALYSIS
  • 11591 Mount Baldwin Court Rancho Cucamonga, CA 1
    • 4 beds 2 baths ∙ 1,248 Sqft ∙ Built 1986 4 beds 2 baths ∙ 1,248 Sqft ∙ Built 1986
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,060
    • $1.65
    •  
  • 11626 Mount Hood Court Rancho Cucamonga, CA 2
    • 3 beds 2 baths ∙ 1,472 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,472 Sqft ∙ Built 1986
    property image
    LEASED 05/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.56
    •  
  • 6940 Belluno Place Rancho Cucamonga, CA 3
    • 3 beds 3 baths ∙ 1,418 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,418 Sqft ∙ Built 1989
    property image
    LEASED 12/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.62
    •  
  • 6929 Belluno Place Rancho Cucamonga, CA 4
    • 3 beds 3 baths ∙ 1,418 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,418 Sqft ∙ Built 1989
    property image
    LEASED 01/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.66
    •  
  • 11670 Mount Miriah Drive Rancho Cucamonga, CA 5
    • 3 beds 2 baths ∙ 1,484 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,484 Sqft ∙ Built 1988
    property image
    LEASED 06/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.62
    •  
PROPERTY LISTING DETAILS
Jane Monge
Coldwell Banker Blackstone Rty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20234804
Last Updated: 11/06/2020
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