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

11778 White Mountain Court Rancho Cucamonga, CA 91737

4 Beds 3 Baths 2,393 sqft Built 1988

$725,000

List Price

$2,870

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

November 03, 2020 RECENTLY ADDED
FACTS
  • Built In 1988
  • Price/Sqft : $302.97
  • 6 Days on Market
  • MLS # : CV20231780
  • Updated Date : 11/03/2020 at 09:58
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,393 sqft
  • Baths : 3 full
Listing Agent

Mf Realty

Listing Agent's Description

Popular Vintage Highlands neighborhood above the 210 fwy, this residence is a special find. The ceiling soars high overhead at the entry overlooking the Living & Dining rooms, creating a light & bright ambiance. Fireplace adds warmth and a touch of romance. This home has a large permitted addition, giving over 300 square feet to a warm communal area complete with a fireplace and sliding door to the outside patio. This home has Shutters throughout, newer replacement windows throughout, custom paint, ceiling fans, can-lighting and two (2) Fireplaces downstairs. Then there is the large Kitchen. Beautifully appointed with a box-window at the sink, title-inlays by the “wet” areas, granite counter tops and stainless appliances. The bedrooms have ceiling fans, mirrored wardrobe doors, carpet and can-lighting. Outside gives way to a larger backyard with patio and cover with tons of room for pets.

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
 

$652,500$797,500$725,000

PURCHASE PRICE

$2,583$3,157$2,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,870
EXPENSES Loan Payment -$2,675
Property Tax -$751
Property Insurance -$85
Property Management Fees -$169
CASH FLOW
-$810

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.

$725,000

PROJECTED PRICE

$2,870

PROJECTED RENT

0.40%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$197,875

INVESTMENT

$197,875

Down Payment
$181,250
Rehab Estimate
$5,750
Closing Costs
$10,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,675

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $181,250
Loan Amount $543,750
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$2,413

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,870

    LIST RENT
  • $1.2

    LIST RENT PER SQFT
  • $2,896

    COMP ESTIMATED VALUE
  • $1.21

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,8703$2,9954$3,0005$3,100
$3,100
RENT COMPS ANALYSIS
  • 11778 White Mountain Court Rancho Cucamonga, CA 2
    • 4 beds 3 baths ∙ 2,393 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,393 Sqft ∙ Built 1988
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,870
    • $1.20
    •  
  • 6731 Florence Place Rancho Cucamonga, CA 1
    • 3 beds 3 baths ∙ 2,334 Sqft ∙ Built 1989 3 beds 3 baths ∙ 2,334 Sqft ∙ Built 1989
    property image
    LEASED 12/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.07
    •  
  • 6358 Taylor Canyon Place Rancho Cucamonga, CA 3
    • 4 beds 3 baths ∙ 2,348 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,348 Sqft ∙ Built 2004
    property image
    LEASED 09/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.28
    •  
  • 6260 Taylor Canyon Place Rancho Cucamonga, CA 4
    • 5 beds 3 baths ∙ 2,348 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,348 Sqft ∙ Built 2004
    property image
    LEASED 11/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.28
    •  
  • 6643 Fairwinds Court Rancho Cucamonga, CA 5
    • 4 beds 3 baths ∙ 2,564 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,564 Sqft ∙ Built 1998
    property image
    LEASED 02/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.21
    •  
PROPERTY LISTING DETAILS
Lianming Xiong
Mf Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20231780
Last Updated: 11/03/2020
BESbswy