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13638 Smokestone Street Rancho Cucamonga, CA 91739

4 Beds 3 Baths 2,566 sqft Built 2000

$785,000

List Price

$3,040

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $305.92
  • 4 Days on Market
  • MLS # : IV20264025
  • Updated Date : 02/11/2021 at 19:38
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,566 sqft
  • Baths : 3 full
Listing Agent

Singh Realty & Mortgage

Listing Agent's Description

This beautiful Rancho Cucamonga Home is ready for its new owners. Excellent curb appeal. Granite counters and stainless steel appliances in the kitchen. Bathrooms has tiles and lamination throughout the house. This house is conveniently located to the freeways, Schools and shopping centers. Huge Back Yard for family/friends gatherings or parties or simply for the little ones to play at. Must Come See as it won't last long. Buyer / buyer's agent to do their due diligence.

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: 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
 

$706,500$863,500$785,000

PURCHASE PRICE

$2,736$3,344$3,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,040
EXPENSES Loan Payment -$2,727
Property Tax -$835
Property Insurance -$89
Property Management Fees -$179
CASH FLOW
-$790

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.

$785,000

PROJECTED PRICE

$3,040

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 5.9%
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$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$213,775

INVESTMENT

$213,775

Down Payment
$196,250
Rehab Estimate
$5,750
Closing Costs
$11,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,727

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $196,250
Loan Amount $588,750
See What Happens When You Reinvest Cash Flow

0.83

YEARS SAVED

$2,671

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,040

    LIST RENT
  • $1.18

    LIST RENT PER SQFT
  • $3,105

    COMP ESTIMATED VALUE
  • $1.21

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,8003$2,8004$3,0405$3,400
$3,400
RENT COMPS ANALYSIS
  • 13638 Smokestone Street Rancho Cucamonga, CA 4
    • 4 beds 3 baths ∙ 2,566 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,566 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $3,040
    • $1.18
    •  
  • 14019 Oxford Street Fontana, CA 1
    • 4 beds 3 baths ∙ 2,245 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,245 Sqft ∙ Built 1990
    LEASED 11/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.16
    •  
  • 7419 Oxford Court Fontana, CA 2
    • 4 beds 3 baths ∙ 2,325 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,325 Sqft ∙ Built 1990
    LEASED 11/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.20
    •  
  • 13232 Woodchase Court Rancho Cucamonga, CA 3
    • 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
    •  
  • 13760 Santa Maria Drive Rancho Cucamonga, CA 5
    • 5 beds 4 baths ∙ 2,688 Sqft ∙ Built 2007 5 beds 4 baths ∙ 2,688 Sqft ∙ Built 2007
    LEASED 08/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.26
    •  
PROPERTY LISTING DETAILS
Jatinder Singh
Singh Realty & Mortgage
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV20264025
Last Updated: 02/11/2021
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