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

11698 Declaration Drive Rancho Cucamonga, CA 91730

4 Beds 3 Baths 2,530 sqft Built 1999

$689,000

List Price

$2,690

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $272.33
  • 3 Days on Market
  • MLS # : OC21027391
  • Updated Date : 03/06/2021 at 14:53
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,530 sqft
  • Baths : 3 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

STUNNING GATED COMMUNITY HOME IN THE VILLAGE OF INDEPENDENCE! The home features impeccable craftsmanship with captivating upgrades throughout. This beautiful spacious home features 4 bedrooms and 3 baths. Bright open floor plan with lots of natural light. The chef’s kitchen includes new stainless-steel appliances, granite counter tops with travertine tile backsplash, recessed lighting and an exquisite island! Additional features include hardwood laminate flooring, custom wood framed windows, paneled doors, crown molding, three-inch baseboards, and formal dining room. The kitchen opens to the large family room with a fireplace and custom ceiling fan. New blinds are accentuated by the new interior paint. The large master bedroom features a sitting area, custom ceiling fan, new glass enclosed shower, double vanity, quartz counter tops, custom lighting, custom tiles and new fixtures. The large laundry room is ideally located upstairs with built-in cabinets. The back yard of this home is impressive, starting with the large aluminum patio cover with fan and lights! The large concrete patio is joined by beautiful artificial turf and large privacy fence. Ideally located in the prestigious award winning Etiwanda school district with private community park. Near shopping, dining, walking and riding trails.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$620,100$757,900$689,000

PURCHASE PRICE

$2,421$2,959$2,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,690
EXPENSES Loan Payment -$2,393
Property Tax -$705
Property Insurance -$88
HOA -$72
Property Management Fees -$159
CASH FLOW
-$727

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.

$689,000

PROJECTED PRICE

$2,690

PROJECTED RENT

0.39%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$188,335

INVESTMENT

$188,335

Down Payment
$172,250
Rehab Estimate
$5,750
Closing Costs
$10,335

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,393

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $172,250
Loan Amount $516,750
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,626

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,690

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $2,872

    COMP ESTIMATED VALUE
  • $1.14

    COMP AVG. RENT PER SQFT
Comps Range
$2,690
1$2,6902$2,8503$2,9504$2,9505$3,000
$3,000
RENT COMPS ANALYSIS
  • 11698 Declaration Drive Rancho Cucamonga, CA 1
    • 4 beds 3 baths ∙ 2,530 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,530 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $2,690
    • $1.06
    •  
  • 11712 Parliament Drive Rancho Cucamonga, CA 2
    • 4 beds 3 baths ∙ 2,530 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,530 Sqft ∙ Built 1999
    LEASED 12/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.13
    •  
  • 11817 Brandywine Place Rancho Cucamonga, CA 3
    • 5 beds 4 baths ∙ 2,684 Sqft ∙ Built 2002 5 beds 4 baths ∙ 2,684 Sqft ∙ Built 2002
    LEASED 07/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.10
    •  
  • 11767 Brandywine Rancho Cucamonga, CA 4
    • 5 beds 3 baths ∙ 2,684 Sqft ∙ Built 2003 5 beds 3 baths ∙ 2,684 Sqft ∙ Built 2003
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.10
    •  
  • 11839 Garrison Drive Rancho Cucamonga, CA 5
    • 4 beds 5 baths ∙ 2,481 Sqft ∙ Built 1999 4 beds 5 baths ∙ 2,481 Sqft ∙ Built 1999
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.21
    •  
PROPERTY LISTING DETAILS
Roy Fussell
Coldwell Banker Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21027391
Last Updated: 03/06/2021
BESbswy