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11755 Monument Drive Rancho Cucamonga, CA 91730

4 Beds 3 Baths 2,005 sqft Built 2000

$635,000

List Price

$2,520

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $316.71
  • 3 Days on Market
  • MLS # : TR21052967
  • Updated Date : 03/13/2021 at 10:12
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,005 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homequest Real Estate

Listing Agent's Description

Remodeled with many upgrades throughout the home and shows pride of ownership.Welcome to the highly desireable gated community of Village of Independence.New waterproof laminate floor in all of the downstairs rooms including kitchen area.New kitchen cabinets plus upgraded quartz countertops with new stove and dishwasher.Kitchen cabinets include lazy susan with new stainless steel hardware attached.Addition of plantation shutters in the downstairs front room and the living room.New laminate floors in all upstair rooms with upgraded tile in the master bathroom. Interior recently painted which includes all of the downstairs and upstairs rooms.Enjoy the Mountain views from the front upstairs bedrooms and downsatairs front room.Large Master suite with walk in closet,dual sink bathroom includes shower/tub.Front yard has partial artificial turf and backyard has fruit trees with a partial brick wall.Close proximity to the park,walking distance to Terra Vista elementary school. Close to Victoria Gardens,Central park,dining,entertainment,210 and 15 freeway. Schedule your private tour today

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
 

$571,500$698,500$635,000

PURCHASE PRICE

$2,268$2,772$2,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,520
EXPENSES Loan Payment -$2,206
Property Tax -$650
Property Insurance -$76
HOA -$72
Property Management Fees -$149
CASH FLOW
-$632

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.

$635,000

PROJECTED PRICE

$2,520

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$174,025

INVESTMENT

$174,025

Down Payment
$158,750
Rehab Estimate
$5,750
Closing Costs
$9,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,206

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $158,750
Loan Amount $476,250
See What Happens When You Reinvest Cash Flow

0.83

YEARS SAVED

$2,142

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,520

    LIST RENT
  • $1.26

    LIST RENT PER SQFT
  • $2,712

    COMP ESTIMATED VALUE
  • $1.35

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,5203$2,6004$2,6885$2,860
$2,860
RENT COMPS ANALYSIS
  • 11755 Monument Drive Rancho Cucamonga, CA 2
    • 4 beds 3 baths ∙ 2,005 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,005 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,520
    • $1.26
    •  
  • 11844 Adams Court Rancho Cucamonga, CA 1
    • 3 beds 3 baths ∙ 1,977 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,977 Sqft ∙ Built 2000
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.26
    •  
  • 11873 Bunker Drive Rancho Cucamonga, CA 3
    • 3 beds 3 baths ∙ 1,956 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,956 Sqft ∙ Built 1999
    property image
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.33
    •  
  • 11875 Jefferson Court Rancho Cucamonga, CA 4
    • 3 beds 3 baths ∙ 1,977 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,977 Sqft ∙ Built 2001
    property image
    LEASED 04/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,688
    • $1.36
    •  
  • 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
    property image
    LEASED 11/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,860
    • $1.46
    •  
PROPERTY LISTING DETAILS
Mariana Sumampouw
Homequest Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: TR21052967
Last Updated: 03/13/2021
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