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12464 Benton Drive #1 Rancho Cucamonga, CA 91739

3 Beds 2 Baths 1,749 sqft Built 2007

$514,800

List Price

$2,630

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

December 25, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $294.34
  • 4 Days on Market
  • MLS # : CV20262513
  • Updated Date : 12/24/2020 at 15:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,749 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Blackstone Rty

Listing Agent's Description

WOW! Look at this beautiful condo in one of the most desirable and exclusive communities in Rancho Cucamonga!! Steps away from the renowned Victoria Gardens shopping mall, you are at the epicenter of the city! Walking distance to shopping, restaurants, minutes to the 15 and 210 frwy. The living space is all on one level and is spacious and open with the most gorgeous mountain views from nearly every window! Featuring a split floorplan with Master bedroom and office space on one side of the property and the 2 other bedrooms and bathroom on the opposite side. The condo has beautiful hardwood, tile and carpet floors. The Kitchen has granite counter tops, stainless steel appliances, walk in pantry and hardwood floors, with warm, rich cabinets and over looks the family room and dining room area, and those glorious mountains! This property features a 2-car garage with entry and foyer downstairs. The community features Pool, spa, BBQ area, 24-hour gym, and clubhouse. It is a wonderful place to call home! Call for an appoint to see this property today!

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
Perdew Elementary School Primary Regular 811 32 8
Etiwanda Intermediate School Middle Regular 1,305 51 8
Rancho Cucamonga High School High Regular 3,462 123 9

Perdew Elementary School

  • Education Level: Primary
  • # of students: 811
  • # of teachers: 32
8
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
 

$463,320$566,280$514,800

PURCHASE PRICE

$2,367$2,893$2,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,630
EXPENSES Loan Payment -$1,899
Property Tax -$579
Property Insurance -$70
HOA -$329
Property Management Fees -$155
CASH FLOW
-$402

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.

$514,800

PROJECTED PRICE

$2,630

PROJECTED RENT

0.51%

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$142,172

INVESTMENT

$142,172

Down Payment
$128,700
Rehab Estimate
$5,750
Closing Costs
$7,722

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,899

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $128,700
Loan Amount $386,100
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$5,985

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,630

    LIST RENT
  • $1.5

    LIST RENT PER SQFT
  • $2,637

    COMP ESTIMATED VALUE
  • $1.51

    COMP AVG. RENT PER SQFT
Comps Range
$2,425
1$2,4252$2,5003$2,6304$2,6505$2,650
$2,650
RENT COMPS ANALYSIS
  • 12464 Benton Drive Rancho Cucamonga, CA 3
    • 3 beds 2 baths ∙ 1,749 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,749 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $2,630
    • $1.50
    •  
  • 7736 Chambray Place Rancho Cucamonga, CA 1
    • 3 beds 3 baths ∙ 1,650 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,650 Sqft ∙ Built 2004
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,425
    • $1.47
    •  
  • 12212 Chantrelle Drive Rancho Cucamonga, CA 2
    • 3 beds 2 baths ∙ 1,650 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,650 Sqft ∙ Built 2004
    LEASED 06/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.52
    •  
  • 12336 Hollyhock Drive Rancho Cucamonga, CA 4
    • 3 beds 2 baths ∙ 1,749 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,749 Sqft ∙ Built 2007
    LEASED 01/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.52
    •  
  • 12366 Hollyhock Drive Rancho Cucamonga, CA 5
    • 3 beds 2 baths ∙ 1,749 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,749 Sqft ∙ Built 2009
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.52
    •  
PROPERTY LISTING DETAILS
Gina Bachman
Coldwell Banker Blackstone Rty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20262513
Last Updated: 12/24/2020
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