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11633 Treviso Way Rancho Cucamonga, CA 91701

4 Beds 2 Baths 2,320 sqft Built 1989

$689,900

List Price

$2,750

$2.5K - $3K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $297.37
  • 3 Days on Market
  • MLS # : CV20264767
  • Updated Date : 01/01/2021 at 16:07
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,320 sqft
  • Baths : 2 full
Listing Agent

Re/max Time Realty

Listing Agent's Description

Wow, honey stop the car. This beautiful two-story fully remodeled home features an open layout with a beautiful formal and dining area with upgraded fixtures and laminate flooring. The kitchen was fully redone in 2015 with new stainless steel appliances installed in 2020. There are a bedroom and a full bathroom downstairs. The fireplace in the family room was just updated in 2017 with beautiful stack stone. Make your way upstairs to your master suite with a fully remodeled master bathroom that was redone in 2017. There is a balcony with upgraded Flooring that was taken down and replaced in 2017 and is new. The back yard is your oasis with a beautiful covered patio and built-in BBQ island and a beautiful above ground spa both items were installed in 2017. The home offers RV Parking with its own cleanout and is one of the only homes in the area to have this option. This home has a ton of upgrades and you will not be disappointed. Don't miss out on this beauty schedule a showing today!!!

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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: Victoria

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $149k628k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Victoria

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2110012001300140015001600170018001900200021002200230024002500Rent in $10822537

* 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
Carleton P. Lightfoot Elementary School Primary Regular 608 25 9
Day Creek Intermediate School Middle Regular 1,256 49 10
Rancho Cucamonga High School High Regular 3,462 123 9

Carleton P. Lightfoot Elementary School

  • Education Level: Primary
  • # of students: 608
  • # of teachers: 25
9
GreatSchools Rating

Day Creek Intermediate School

  • Education Level: Middle
  • # of students: 1,256
  • # of teachers: 49
10
GreatSchools Rating

Rancho Cucamonga High School

  • Education Level: High
  • # of students: 3,462
  • # of teachers: 123
9
GreatSchools Rating
 

$620,910$758,890$689,900

PURCHASE PRICE

$2,475$3,025$2,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,750
EXPENSES Loan Payment -$2,545
Property Tax -$714
Property Insurance -$79
Property Management Fees -$162
CASH FLOW
-$750

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.

$689,900

PROJECTED PRICE

$2,750

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 5.2%
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-$15k-$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$188,574

INVESTMENT

$188,574

Down Payment
$172,475
Rehab Estimate
$5,750
Closing Costs
$10,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,545

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $172,475
Loan Amount $517,425
See What Happens When You Reinvest Cash Flow

0.83

YEARS SAVED

$2,711

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,750

    LIST RENT
  • $1.3

    LIST RENT PER SQFT
  • $2,923

    COMP ESTIMATED VALUE
  • $1.38

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$2,7503$2,8804$2,9005$2,900
$2,900
RENT COMPS ANALYSIS
  • 11633 Treviso Way Rancho Cucamonga, CA 2
    • 4 beds 3 baths ∙ 2,122 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,122 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.30
    •  
  • 11873 Mount Everett Court Rancho Cucamonga, CA 1
    • 3 beds 3 baths ∙ 1,964 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,964 Sqft ∙ Built 1988
    LEASED 12/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.37
    •  
  • 11457 Genova Road Rancho Cucamonga, CA 3
    • 4 beds 3 baths ∙ 2,186 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,186 Sqft ∙ Built 1989
    LEASED 08/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,880
    • $1.32
    •  
  • 6856 Padova Court Rancho Cucamonga, CA 4
    • 4 beds 3 baths ∙ 2,039 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,039 Sqft ∙ Built 1989
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.42
    •  
  • 11765 Mount Wilson Court Rancho Cucamonga, CA 5
    • 4 beds 3 baths ∙ 2,072 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,072 Sqft ∙ Built 1988
    LEASED 05/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.40
    •  
PROPERTY LISTING DETAILS
Martin Ruiz
Re/max Time Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20264767
Last Updated: 01/01/2021
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