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12771 Wild Horse Way Rancho Cucamonga, CA 91739

4 Beds 3 Baths 2,632 sqft Built 2004

$729,000

List Price

$2,850

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $276.98
  • 12 Days on Market
  • MLS # : IV21026947
  • Updated Date : 02/19/2021 at 06:47
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,632 sqft
  • Baths : 3 full
Listing Agent

Re/max Time Realty

Listing Agent's Description

This home is CHARMING and FULLY UPGRADED!!! This beautiful home features 4 good size beds, 3 full baths (1 bed and 1 bath downstairs) with 2,634 SQFT. of living space. It has very open floor plan with high ceilings at entry offering lots of natural light. The gourmet kitchen with granite countertops, nicely designed back splash, stainless steel appliances and lot of cabinets as well as a spacious pantry. The plantation shutters and crown moldings throughout. Good quality hardwood floors throughout downstairs. Accustomed interior paint. Rock fireplace with oversized white crown molding mantle. 3 car garage with long drive way (the tandem is professionally converted to office, ideal for those who work from home or game room for kids) PAID OFF solar system valued over $28,000 . Located in one of the best CA school districts with all schools graded 8-9. Walking distance to Victoria Gardens Mall, Arbors Park, schools, library, churches , fine dining restaurants, Stater Bros and Sprout Farmer market. Less than 10 minutes away from Aldi , Pacific Island Filipino grocery store and 99 Ranch Market. Easy access to 210, 15 and 10 Freeway. No HOA. Low Tax Rate @1,25% total. Priced to sell! Won't last!

SEE MORE

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: 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
 

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

PURCHASE PRICE

$2,565$3,135$2,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,850
EXPENSES Loan Payment -$2,532
Property Tax -$775
Property Insurance -$91
Property Management Fees -$168
CASH FLOW
-$716

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

$2,850

PROJECTED RENT

0.39%

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$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.

$2,532

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $182,250
Loan Amount $546,750
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$2,933

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,850

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $2,882

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$2,650
1$2,6502$2,8003$2,8504$2,9505$3,300
$3,300
RENT COMPS ANALYSIS
  • 12771 Wild Horse Way Rancho Cucamonga, CA 3
    • 4 beds 3 baths ∙ 2,632 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,632 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.08
    •  
  • 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
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.06
    •  
  • 12810 Wild Horse Way Rancho Cucamonga, CA 2
    • 4 beds 3 baths ∙ 2,538 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,538 Sqft ∙ Built 2004
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.10
    •  
  • 12825 Silver Rose Court Rancho Cucamonga, CA 4
    • 5 beds 3 baths ∙ 2,809 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,809 Sqft ∙ Built 2005
    LEASED 05/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.05
    •  
  • 12815 Spring Mountain Drive Rancho Cucamonga, CA 5
    • 5 beds 3 baths ∙ 2,809 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,809 Sqft ∙ Built 2004
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.17
    •  
PROPERTY LISTING DETAILS
Henry Tran
Re/max Time Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV21026947
Last Updated: 02/19/2021
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