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12670 Ridgecrest Drive Rancho Cucamonga, CA 91739

4 Beds 3 Baths 2,770 sqft Built 1996

$924,888

List Price

$3,210

$3K - $3.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $333.89
  • 5 Days on Market
  • MLS # : IG21044895
  • Updated Date : 03/06/2021 at 15:48
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,770 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Partners

Listing Agent's Description

Spectacular Pool Home with Over $175,000 worth of Upgrades. Located in a Desirable Well Established Neighborhood you'll find this Fabulous Home Sitting on a Spacious Private lot with RV Parking, Multiple Driveways and 4 Car Garage. The Backyard features Beautiful views complemented by a Sparkling Peppletec Swimming Pool with Raised Spa & Waterfalls. Entertain your Friends & Family in your own personal resort style backyard with Custom Landscaping, Custom Planters with Gorgeous Palm Trees & Shrubs along with RV Parking & Basketball Court. This Fantastic Home features 4 Spacious Bedrooms & 2.5 bathrooms. You'll find a Spacious Kitchen, Large Dining Room, Family Room with Fireplace, Open Living Room and Upstairs Loft with Home theater Surround sound built-in. The Gorgeous Kitchen has Solid Wood Cabinets, Granite Countertops, New Subway Backsplash & a Large Island with Integrated Table that seats 4. Some of the many upgrades include Carpet & Laminate Flooring, Multiple Ceiling Fans, Central Vacuum System with new motor, Crown Moulding, Milgard Low-E-Glass Windows throughout, Plantation Shutters, Custom Paint, 19 Seer-2 Stage Central Air & Heat System, Block Wall Fencing and so much more. This is a Rare Find!! The Garage has Built in Cabinets & Interlocking Modular Floor Tiles perfect for any Car Enthusiast. There is plenty of space for all your Vehicles & Storage needs. Don't miss this opportunity to own a Pristine home in this community with Wonderful Schools, Parks & Eateries.

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MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$832,399$1,017,377$924,888

PURCHASE PRICE

$2,889$3,531$3,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,210
EXPENSES Loan Payment -$3,212
Property Tax -$924
Property Insurance -$94
Property Management Fees -$189
CASH FLOW
-$1,211

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.

$924,888

PROJECTED PRICE

$3,210

PROJECTED RENT

0.35%

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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$250,845

INVESTMENT

$250,845

Down Payment
$231,222
Rehab Estimate
$5,750
Closing Costs
$13,873

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,212

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $231,222
Loan Amount $693,666
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$292

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,210

    LIST RENT
  • $1.16

    LIST RENT PER SQFT
  • $3,213

    COMP ESTIMATED VALUE
  • $1.16

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$3,2003$3,2104$3,2455$3,500
$3,500
RENT COMPS ANALYSIS
  • 12670 Ridgecrest Drive Rancho Cucamonga, CA 3
    • 4 beds 3 baths ∙ 2,770 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,770 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $3,210
    • $1.16
    •  
  • 12185 Bisque Drive Rancho Cucamonga, CA 1
    • 3 beds 3 baths ∙ 2,776 Sqft ∙ Built 2011 3 beds 3 baths ∙ 2,776 Sqft ∙ Built 2011
    LEASED 08/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.15
    •  
  • 5677 Carmello Court Rancho Cucamonga, CA 2
    • 4 beds 3 baths ∙ 2,905 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,905 Sqft ∙ Built 1999
    LEASED 08/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.10
    •  
  • 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
    •  
  • 12431 Melon Drive Rancho Cucamonga, CA 5
    • 5 beds 2 baths ∙ 2,719 Sqft ∙ Built 2011 5 beds 2 baths ∙ 2,719 Sqft ∙ Built 2011
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.29
    •  
PROPERTY LISTING DETAILS
Benjamin Rubalcava
Re/max Partners
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IG21044895
Last Updated: 03/06/2021
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