Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

13160 Winslow Drive Rancho Cucamonga, CA 91739

4 Beds 4 Baths 2,566 sqft Built 2016

$640,000

List Price

$2,920

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

November 01, 2020 RECENTLY ADDED
FACTS
  • Built In 2016
  • Price/Sqft : $249.42
  • 3 Days on Market
  • MLS # : CV20230516
  • Updated Date : 11/01/2020 at 13:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,566 sqft
  • Baths : 3 full , 1 half
Listing Agent

Re/max 888

Listing Agent's Description

Beautiful 2-story home located in the gated cornerstone community! perfect floor plan 4 bedroom plus a loft, next gen with private entry on the side, living room and laundry room. this is move-in ready conditions. large master bedroom with walking closet, tub and shower. Etiwanda high school, low tax rate, easy to Victoria Garden 10and 15 freeway, costco ontario mall. it won't last long.

SEE MORE

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: Southeast Rancho Cucamonga

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650kPrice in $116k670k

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

Neighborhood: Southeast Rancho Cucamonga

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2100012001400160018002000220024002600Rent in $9112688

* 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
West Heritage Elementary School Primary Regular 598 25 5
Heritage Intermediate School Middle Regular 1,240 48 8
Etiwanda High School High Regular 3,458 126 8

West Heritage Elementary School

  • Education Level: Primary
  • # of students: 598
  • # of teachers: 25
5
GreatSchools Rating

Heritage Intermediate School

  • Education Level: Middle
  • # of students: 1,240
  • # of teachers: 48
8
GreatSchools Rating

Etiwanda High School

  • Education Level: High
  • # of students: 3,458
  • # of teachers: 126
8
GreatSchools Rating
 

$576,000$704,000$640,000

PURCHASE PRICE

$2,628$3,212$2,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,920
EXPENSES Loan Payment -$2,361
Property Tax -$680
Property Insurance -$89
HOA -$130
Property Management Fees -$172
CASH FLOW
-$513

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.

$640,000

PROJECTED PRICE

$2,920

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.76%
Appreciation Year (1-5) 5.7%
Maintenance Year (1-5) 8.00%
Vacancy 5.41%
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$175,350

INVESTMENT

$175,350

Down Payment
$160,000
Rehab Estimate
$5,750
Closing Costs
$9,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,361

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $160,000
Loan Amount $480,000
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$7,584

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,920

    LIST RENT
  • $1.14

    LIST RENT PER SQFT
  • $2,912

    COMP ESTIMATED VALUE
  • $1.14

    COMP AVG. RENT PER SQFT
Comps Range
$2,780
1$2,7802$2,8003$2,8884$2,9205$2,950
$2,950
RENT COMPS ANALYSIS
  • 13160 Winslow Drive Rancho Cucamonga, CA 4
    • 4 beds 4 baths ∙ 2,566 Sqft ∙ Built 2016 4 beds 4 baths ∙ 2,566 Sqft ∙ Built 2016
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,920
    • $1.14
    •  
  • 8265 Sunset Hills Place Rancho Cucamonga, CA 1
    • 4 beds 4 baths ∙ 2,566 Sqft ∙ Built 2016 4 beds 4 baths ∙ 2,566 Sqft ∙ Built 2016
    property image
    LEASED 04/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,780
    • $1.08
    •  
  • 13216 Baxter Springs Drive Rancho Cucamonga, CA 2
    • 4 beds 3 baths ∙ 2,494 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,494 Sqft ∙ Built 2015
    property image
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.12
    •  
  • 13166 Baxter Springs Drive Rancho Cucamonga, CA 3
    • 4 beds 3 baths ∙ 2,417 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,417 Sqft ∙ Built 2016
    property image
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,888
    • $1.19
    •  
  • 8245 Sunset Hills Place Rancho Cucamonga, CA 5
    • 4 beds 4 baths ∙ 2,566 Sqft ∙ Built 2016 4 beds 4 baths ∙ 2,566 Sqft ∙ Built 2016
    property image
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.15
    •  
PROPERTY LISTING DETAILS
Ming Wan
Re/max 888
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20230516
Last Updated: 11/01/2020
BESbswy