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13912 Westwood Way Rancho Cucamonga, CA 91739

4 Beds 3 Baths 2,378 sqft Built 2008

$694,900

List Price

$2,960

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

December 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $292.22
  • 2 Days on Market
  • MLS # : CV20256593
  • Updated Date : 12/12/2020 at 17:40
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,378 sqft
  • Baths : 2 full , 1 half
Listing Agent

A List Estates

Listing Agent's Description

Absolutely Stunning 4 Bedroom 2.5 Bathroom 2 Car Garage Mountain View Former Model Home!!! As you enter you will find an open spacious layout that boasts true designer finishes. The home is complete with formal living, dinning, and family room. The kitchen is perfect for entertaining featuring beautiful upgraded granite counter tops, under cabinet lighting, and stainless steal appliances. The family room features a fireplace with hand-laid tile flooring. The home's curtains/roller shades add a beautiful focal point while in every room. The master bedroom is spacious with a beautiful wall paper accent wall and en-suite bathroom with separate shower/tub and complete with a walk in closet. Each room offers a unique themed style that is well thought out and creates great character and charm. The loft is over-sized and makes a great bonus room! The home comes furnished with all the designer pieces and decor hand selected by the builder's interior decorator. The rear yard has mature landscaping and a direct view of the mountains and Olive Grove Park. The home features a Top of the Line Efficient Lennox Signature Collection Air Condition System. Close to shopping including Victoria Gardens Mall and in the Amazing Eitwanda School District. Don't miss the rare opportunity to own a former model home!!!

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
Etiwanda Colony Elementary School Primary Regular 885 35 9
Summit Intermediate School Middle Regular 1,108 49 7
Etiwanda High School High Regular 3,458 126 8

Etiwanda Colony Elementary School

  • Education Level: Primary
  • # of students: 885
  • # of teachers: 35
9
GreatSchools Rating

Summit Intermediate School

  • Education Level: Middle
  • # of students: 1,108
  • # of teachers: 49
7
GreatSchools Rating

Etiwanda High School

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

$625,410$764,390$694,900

PURCHASE PRICE

$2,664$3,256$2,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,960
EXPENSES Loan Payment -$2,564
Property Tax -$739
Property Insurance -$85
Property Management Fees -$175
CASH FLOW
-$602

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.

$694,900

PROJECTED PRICE

$2,960

PROJECTED RENT

0.43%

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-$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$189,899

INVESTMENT

$189,899

Down Payment
$173,725
Rehab Estimate
$5,750
Closing Costs
$10,424

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,564

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $173,725
Loan Amount $521,175
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$8,117

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,960

    LIST RENT
  • $1.24

    LIST RENT PER SQFT
  • $2,699

    COMP ESTIMATED VALUE
  • $1.14

    COMP AVG. RENT PER SQFT
Comps Range
$2,550
1$2,5502$2,6203$2,8004$2,9005$2,960
$2,960
RENT COMPS ANALYSIS
  • 13912 Westwood Way Rancho Cucamonga, CA 5
    • 4 beds 3 baths ∙ 2,378 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,378 Sqft ∙ Built 2008
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,960
    • $1.24
    •  
  • 14542 Saddlepeak Drive Fontana, CA 1
    • 4 beds 3 baths ∙ 2,253 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,253 Sqft ∙ Built 1997
    property image
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.13
    •  
  • 13628 Jeremy Court Rancho Cucamonga, CA 2
    • 4 beds 4 baths ∙ 2,566 Sqft ∙ Built 2000 4 beds 4 baths ∙ 2,566 Sqft ∙ Built 2000
    property image
    LEASED 12/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,620
    • $1.02
    •  
  • 13919 Dove Canyon Way Rancho Cucamonga, CA 3
    • 4 beds 3 baths ∙ 2,132 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,132 Sqft ∙ Built 2006
    property image
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.31
    •  
  • 5953 Pellburne Way Rancho Cucamonga, CA 4
    • 5 beds 4 baths ∙ 2,688 Sqft ∙ Built 2006 5 beds 4 baths ∙ 2,688 Sqft ∙ Built 2006
    property image
    LEASED 10/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.08
    •  
PROPERTY LISTING DETAILS
Vincent Guerrera
A List Estates
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20256593
Last Updated: 12/12/2020
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