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11879 Tolentino Drive Rancho Cucamonga, CA 91701

3 Beds 3 Baths 1,418 sqft Built 1989

$549,888

List Price

$2,290

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $387.79
  • 3 Days on Market
  • MLS # : CV20255943
  • Updated Date : 12/12/2020 at 14:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,418 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty Masters & Associates

Listing Agent's Description

Come fall in love with this charming, Turnkey, and well taken care of home located in the highly desired Victoria Community! Zoned for the Award-Winning Etiwanda School District. As you enter you will walk into an airy living room with vaulted ceilings that get plenty of natural light along with a cozy fireplace. The kitchen has New granite countertops, New wood shaker cabinets, and New stainless steel appliances.  Upstairs you will find 3 large bedrooms and 2 full baths. Master has a large Walk-In closet, dual sinks, and city light view from the window. This gorgeous home is located near parks, the Pacific Electric Bike Trails, Central Park, and Victoria Gardens Shopping Mall. It is also walking distance to the top-rated schools.

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

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
 

$494,899$604,877$549,888

PURCHASE PRICE

$2,061$2,519$2,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,290
EXPENSES Loan Payment -$2,029
Property Tax -$563
Property Insurance -$62
Property Management Fees -$135
CASH FLOW
-$498

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.

$549,888

PROJECTED PRICE

$2,290

PROJECTED RENT

0.42%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,470

INVESTMENT

$151,470

Down Payment
$137,472
Rehab Estimate
$5,750
Closing Costs
$8,248

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% 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 $137,472
Loan Amount $412,416
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$5,538

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,290

    LIST RENT
  • $1.61

    LIST RENT PER SQFT
  • $2,290

    COMP ESTIMATED VALUE
  • $1.62

    COMP AVG. RENT PER SQFT
Comps Range
$2,095
1$2,0952$2,2903$2,3004$2,3905$2,500
$2,500
RENT COMPS ANALYSIS
  • 11879 Tolentino Drive Rancho Cucamonga, CA 2
    • 3 beds 3 baths ∙ 1,418 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,418 Sqft ∙ Built 1989
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,290
    • $1.61
    •  
  • 7089 Pozallo Place Alta Loma, CA 1
    • 3 beds 3 baths ∙ 1,418 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,418 Sqft ∙ Built 1989
    property image
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $1.48
    •  
  • 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 12/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,390
    • $1.69
    •  
  • 7138 Santo Place Rancho Cucamonga, CA 5
    • 3 beds 3 baths ∙ 1,494 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,494 Sqft ∙ Built 1994
    property image
    LEASED 07/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.67
    •  
PROPERTY LISTING DETAILS
Michael Albornoz
Realty Masters & Associates
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20255943
Last Updated: 12/12/2020
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