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12656 Chimney Rock Drive Rancho Cucamonga, CA 91739

4 Beds 2 Baths 2,538 sqft Built 2005

$685,000

List Price

$2,950

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 2005
  • Price/Sqft : $269.90
  • 9 Days on Market
  • MLS # : OC20226184
  • Updated Date : 10/26/2020 at 17:26
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,538 sqft
  • Baths : 2 full
Listing Agent

Century Garden Realty

Listing Agent's Description

This gorgeous 4 bed, 2.75 baths beautiful home is just a walking distance to Victoria Gardens Mall, near to shopping center, freeways. Large open floor plan, Granite counter tops in kitchen. 1 bedroom downstairs, 3 bedrooms and a huge loft located upstairs. Attached 3 car garage stories. This home has beautiful landscaping in front and back yard which is perfect for family fun. Located in the Etiwanda School District, desirable part of Victoria Arbors. A must see!!

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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: 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
 

$616,500$753,500$685,000

PURCHASE PRICE

$2,655$3,245$2,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,950
EXPENSES Loan Payment -$2,527
Property Tax -$770
Property Insurance -$89
Property Management Fees -$174
CASH FLOW
-$610

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.

$685,000

PROJECTED PRICE

$2,950

PROJECTED RENT

0.43%

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$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k

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$187,275

INVESTMENT

$187,275

Down Payment
$171,250
Rehab Estimate
$5,750
Closing Costs
$10,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,527

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $171,250
Loan Amount $513,750
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$7,036

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,950

    LIST RENT
  • $1.16

    LIST RENT PER SQFT
  • $2,595

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$2,650
1$2,6502$2,7003$2,7004$2,8005$2,950
$2,950
RENT COMPS ANALYSIS
  • 12656 Chimney Rock Drive Rancho Cucamonga, CA 5
    • 4 beds 2 baths ∙ 2,538 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,538 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.16
    •  
  • 7613 Pinot Place Rancho Cucamonga, CA 1
    • 5 beds 3 baths ∙ 2,502 Sqft ∙ Built 2003 5 beds 3 baths ∙ 2,502 Sqft ∙ Built 2003
    property image
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.06
    •  
  • 7230 Townsend Court Rancho Cucamonga, CA 2
    • 4 beds 3 baths ∙ 2,723 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,723 Sqft ∙ Built 2002
    property image
    LEASED 04/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.99
    •  
  • 12936 Canopy Court Rancho Cucamonga, CA 3
    • 4 beds 3 baths ∙ 2,676 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,676 Sqft ∙ Built 2014
    property image
    LEASED 02/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.01
    •  
  • 7169 San Carmela Court Rancho Cucamonga, CA 4
    • 4 beds 3 baths ∙ 2,723 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,723 Sqft ∙ Built 2001
    property image
    LEASED 01/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.03
    •  
PROPERTY LISTING DETAILS
Jeff Li
Century Garden Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20226184
Last Updated: 10/26/2020
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