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13175 Flagstaff Dr Rancho Cucamonga, CA 91739

4 Beds 3 Baths 2,867 sqft Built 2015

INVESTimate

$649,999

List Price

$2,820

$2,570 - $3,070

Rent Est.

$687,309  ( +5.74%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2015
  • Price/Sqft : $226.72
  • 13 Days on Market
  • MLS # : TR20165793
  • Updated Date : 08/23/2020 at 12:29
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,867 sqft
  • Baths : 3 full
Listing Agent

Re/max Universal Realty

Listing Agent's Description

Well maintained house locating in the heart zone of the gated corner stone community, the backyard at the south direction which makes the house have brilliant sunshine all day long. There is swimming pool and play ground in this gated community. As a 4 bedrooms house, the bonus office room on first floor which could be easily be converted to to the fifth bedroom. I would like to enjoy the spacious living room plus the gourmet kitchen. The walking in pantry may can store as much as possilbe. On the second floor, laundry room and the loft feature ease time. Etiwanda high school now ranking 8 out of 10. Close to the Victoria Garden and ontario mills outlet. Low property tax! You may purchase it as investment property or conveninent occupation premise. Please don't let it go! The solar panel will be paid off through Escrow.

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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: 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
 

$584,999$714,999$649,999

PURCHASE PRICE

$2,538$3,102$2,820

RENT

DOWN PAYMENT
FINANCING

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

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,820
EXPENSES Loan Payment -$2,398
Property Tax -$691
Property Insurance -$97
HOA -$115
Property Management Fees -$166
CASH FLOW
-$647

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.

$649,999

PROJECTED PRICE

$2,820

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.76%
Appreciation Year (1-5) 5.74%
Maintenance Year (1-5) 8.00%
Vacancy 5.41%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$178,000

INVESTMENT

$178,000

Down Payment
$162,500
Rehab Estimate
$5,750
Closing Costs
$9,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,398

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $162,500
Loan Amount $487,499
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$3,168

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,820

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $2,846

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$2,770
1$2,7702$2,8003$2,8204$2,8505$2,900
$2,900
RENT COMPS ANALYSIS
  • 13175 Flagstaff Dr Rancho Cucamonga, 3
    • 4 beds 3 baths ∙ 2,867 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,867 Sqft ∙ Built 2015
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,820
    • $0.98
    •  
  • 13156 Baxter Springs Drive Rancho Cucamonga, 1
    • 4 beds 3 baths ∙ 2,867 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,867 Sqft ∙ Built 2016
    property image
    LEASED 10/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,770
    • $0.97
    •  
  • 13213 Chatham Drive Rancho Cucamonga, 2
    • 4 beds 3 baths ∙ 2,867 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,867 Sqft ∙ Built 2015
    property image
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.98
    •  
  • 13236 Baxter Springs Drive Rancho Cucamonga, 4
    • 5 beds 3 baths ∙ 2,867 Sqft ∙ Built 2016 5 beds 3 baths ∙ 2,867 Sqft ∙ Built 2016
    property image
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.99
    •  
  • 13266 Baxter Spring Drive Rancho Cucamonga, 5
    • 5 beds 3 baths ∙ 2,809 Sqft ∙ Built 2016 5 beds 3 baths ∙ 2,809 Sqft ∙ Built 2016
    property image
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.03
    •  
PROPERTY LISTING DETAILS
Feng Gao
Re/max Universal Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: TR20165793
Last Updated: 08/23/2020
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