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13387 Smokestone Street Rancho Cucamonga, CA 91739

4 Beds 3 Baths 2,355 sqft Built 1989

$835,000

List Price

$3,060

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

January 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $354.56
  • 2 Days on Market
  • MLS # : CV21008037
  • Updated Date : 01/23/2021 at 19:39
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,355 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Resources

Listing Agent's Description

This gorgeous home is waiting for a new owner. You will first be delighted with the gorgeous curb appeal! Beautifully landscaped & lovingly maintained, this is just the beginning. As you approach the house you will be impressed with the beautiful pavers that grace the walkway. Enter to find a spacious foyer that soars to the second level. The living & dining rooms are the perfect place for your special occasions. There is plenty of room for the family to gather for holidays & celebrations. The kitchen has been beautifully renovated & includes granite counters, as well as updated appliances. There is a center island & a walk in pantry. The kitchen opens to the spacious family room that boasts a cozy fireplace. This space presents as a great room, as it is so open & inviting. Upstairs you will find a stunning master bedroom & bath. The beautiful appointments are of the highest caliber & create a luxurious experience. There are dual sinks, a walk in closet as well as a separate shower & tub. The secondary bedrooms are also generously sized with one offering a lovely window seat where you can enjoy the view of the snow capped mountains. You will find the hall bath has been completely renovated & offers exquisite amenities. The 3 car garage & built in shelves are a big plus. Outdoors you will delight in the back yard that offers a lovely paver styled covered patio & stunning perimeter lighting that surrounds the backyard, creating a magical evening lighting experience. Don't wait!

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Etiwanda

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $149k750k

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

Neighborhood: Etiwanda

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q212001400160018002000220024002600280030003200Rent in $10823237

* 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
Grapeland Elementary School Primary Regular 693 29 10
Etiwanda Intermediate School Middle Regular 1,305 51 8
Etiwanda High School High Regular 3,458 126 8

Grapeland Elementary School

  • Education Level: Primary
  • # of students: 693
  • # of teachers: 29
10
GreatSchools Rating

Etiwanda Intermediate School

  • Education Level: Middle
  • # of students: 1,305
  • # of teachers: 51
8
GreatSchools Rating

Etiwanda High School

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

$751,500$918,500$835,000

PURCHASE PRICE

$2,754$3,366$3,060

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,060
EXPENSES Loan Payment -$2,900
Property Tax -$888
Property Insurance -$84
Property Management Fees -$181
CASH FLOW
-$993

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.

$835,000

PROJECTED PRICE

$3,060

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 5.9%
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

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$227,025

INVESTMENT

$227,025

Down Payment
$208,750
Rehab Estimate
$5,750
Closing Costs
$12,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,900

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $208,750
Loan Amount $626,250
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$776

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,060

    LIST RENT
  • $1.3

    LIST RENT PER SQFT
  • $2,614

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,5003$2,6204$2,8005$3,060
$3,060
RENT COMPS ANALYSIS
  • 13387 Smokestone Street Rancho Cucamonga, CA 5
    • 4 beds 3 baths ∙ 2,355 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,355 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $3,060
    • $1.30
    •  
  • 13604 Hatcher Place Fontana, CA 1
    • 4 beds 3 baths ∙ 2,268 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,268 Sqft ∙ Built 1999
    LEASED 07/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.10
    •  
  • 7404 Lawrence Place Fontana, CA 2
    • 5 beds 3 baths ∙ 2,268 Sqft ∙ Built 2000 5 beds 3 baths ∙ 2,268 Sqft ∙ Built 2000
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.10
    •  
  • 13628 Jeremy Court Rancho Cucamonga, CA 3
    • 4 beds 4 baths ∙ 2,566 Sqft ∙ Built 2000 4 beds 4 baths ∙ 2,566 Sqft ∙ Built 2000
    LEASED 12/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,620
    • $1.02
    •  
  • 13232 Woodchase Court Rancho Cucamonga, CA 4
    • 4 beds 3 baths ∙ 2,302 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,302 Sqft ∙ Built 2001
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.22
    •  
PROPERTY LISTING DETAILS
Laura Dandoy
Re/max Resources
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21008037
Last Updated: 01/23/2021
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