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12244 Clydesdale Drive Rancho Cucamonga, CA 91739

4 Beds 3 Baths 2,811 sqft Built 2003

$729,000

List Price

$2,930

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

December 09, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $259.34
  • 5 Days on Market
  • MLS # : AR20254242
  • Updated Date : 12/09/2020 at 10:13
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,811 sqft
  • Baths : 3 full
Listing Agent

Exp Realty Of California Inc

Listing Agent's Description

Impressive home with spacious floorplan, new cabinets and new countertops. Convenient main floor bedroom with bathroom. Huge master bedroom with walk-in closet. Upstairs is a game room area to make your own. Additionally two other bedrooms and full bathroom. Nice backyard for whole year entertainment. Award-winning school district, close to victoria gardens, 210, 15 and 10 freeways.You will love this home.

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: North Etiwanda

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900kPrice in $149k920k

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

Neighborhood: North Etiwanda

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q212001400160018002000220024002600280030003200Rent in $10823395

* 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
John L. Golden Elementary School Primary Regular 880 35 10
Day Creek Intermediate School Middle Regular 1,256 49 10
Los Osos High School High Regular 3,211 114 9

John L. Golden Elementary School

  • Education Level: Primary
  • # of students: 880
  • # of teachers: 35
10
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
 

$656,100$801,900$729,000

PURCHASE PRICE

$2,637$3,223$2,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,930
EXPENSES Loan Payment -$2,690
Property Tax -$764
Property Insurance -$95
Property Management Fees -$173
CASH FLOW
-$792

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.

$729,000

PROJECTED PRICE

$2,930

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 5.6%
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$198,935

INVESTMENT

$198,935

Down Payment
$182,250
Rehab Estimate
$5,750
Closing Costs
$10,935

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,690

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $182,250
Loan Amount $546,750
See What Happens When You Reinvest Cash Flow

0.75

YEARS SAVED

$2,781

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,930

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $3,078

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$2,930
1$2,9302$3,0003$3,2004$3,2455$3,300
$3,300
RENT COMPS ANALYSIS
  • 12244 Clydesdale Drive Rancho Cucamonga, CA 1
    • 4 beds 3 baths ∙ 2,811 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,811 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $2,930
    • $1.04
    •  
  • 6588 Vianza Place Rancho Cucamonga, CA 2
    • 5 beds 3 baths ∙ 2,872 Sqft ∙ Built 2000 5 beds 3 baths ∙ 2,872 Sqft ∙ Built 2000
    LEASED 05/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.04
    •  
  • 12399 Dapple Drive Rancho Cucamonga, CA 3
    • 4 beds 3 baths ∙ 2,980 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,980 Sqft ∙ Built 2003
    LEASED 05/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.07
    •  
  • 12262 Oldenberg Court Rancho Cucamonga, CA 4
    • 4 beds 3 baths ∙ 2,943 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,943 Sqft ∙ Built 2002
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,245
    • $1.10
    •  
  • 12212 Clydesdale Drive Rancho Cucamonga, CA 5
    • 4 beds 3 baths ∙ 2,811 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,811 Sqft ∙ Built 2002
    LEASED 02/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.17
    •  
PROPERTY LISTING DETAILS
Zhijun Zou
Exp Realty Of California Inc
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: AR20254242
Last Updated: 12/09/2020
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