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INVESTimate
$688,000
List Price
$188,070
REQUEST INFO
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PROPERTY INFO
FACTS
- Built In 2007
- Price/Sqft : $263.90
- 2 Days on Market
- MLS # : CV20174685
- Updated Date : 08/25/2020 at 14:52
CONSTRUCTION
- Beds : 4
- Floor Size : 2,607 sqft
- Baths : 2 full , 1 half
Listing Agent
Century 21 Peak
Listing Agent's Description
BEAUTIFUL TURNKEY HOME, BUILT BY PULTE HOMES IN NORTH RANCHO CUCAMONGA - RANCHO SUMMIT DEVELOPMENT, AND IS LOCATED WITHIN THE COVETED ETIWANDA SCHOOL DISTRICT! 4 BEDROOMS, 2 ½ BATHS, 2,607 SQ. FEET ON A LOT SIZE OF 8,060 SQ. FT. FEATURES INCLUDE GREAT CURB APPEAL, EXTRA LONG DRIVEWAY WITH PORTE CACHA AND 2 CAR ATTACHED GARAGE, STONE & STUCCO EXTERIOR, A WRAP AROUND FRONT PORCH, FORMAL LIVING ROOM , FORMAL DINING ROOM, GOURMET STYLE KITCHEN WITH GRANITE COUNTER TOPS, STAINLESS STEEL APPLIANCES TO INCLUDE A DOUBLE OVEN, RANGE, MICROWAVE, DISHWASHER, REFRIGERATOR, A CENTER ISLAND AND BUTLER’S PANTRY. THE KITCHEN IS OPEN TO THE EATING AREA AND FAMILY ROOM WITH A COZY FIREPLACE. THERE IS A LARGE BACKYARD WITH BLOCK WALLS ON ALL SIDES READY FOR YOUR OUTDOORS DESIGN TOUCHES. THERE IS A LOFT UPSTAIRS, MASTER SUITE WITH RETREAT THAT LEADS TO THE MASTER BATH WITH A SEPARATE TUB & SHOWER, DUAL SINKS, VANITY, AND A LARGE WALK-IN CLOSET. THIS TURNKEY HOME IS LOCATED CLOSE TO SCHOOLS, SHOPPING, VICTORIA GARDENS, 210 & 15 FREEWAYS, AND IT IS WITHIN WALKING DISTANCE TO THE PARK AND HORSE TRAILS.
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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: Etiwanda
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Etiwanda
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $2,830 |
EXPENSES | Loan Payment | -$2,538 |
Property Tax | -$731 | |
Property Insurance | -$90 | |
Property Management Fees | -$167 | |
CASH FLOW
-$697
|
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.
$688,000
PROJECTED PRICE
$2,830
PROJECTED RENT
0.41%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 3.95% |
Appreciation Year (1-5) | 5.94% |
Maintenance Year (1-5) | 8.00% |
Vacancy | 5.35% |
Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$188,070
LOAN DETAILS
$2,538
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $172,000 |
Loan Amount | $516,000 |
1.17
YEARS SAVED
$4,128
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,830
LIST RENT -
$1.09
LIST RENT PER SQFT
-
$2,874
COMP ESTIMATED VALUE -
$1.1
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
Century 21 Peak
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: CV20174685
Last Updated: 08/25/2020