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13938 S San Dimas Lane Rancho Cucamonga, CA 91739

4 Beds 3 Baths 2,433 sqft Built 1989

$784,990

List Price

$3,110

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $322.64
  • 7 Days on Market
  • MLS # : CV21059180
  • Updated Date : 03/25/2021 at 05:14
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,433 sqft
  • Baths : 3 full
Listing Agent

Realty One Group West

Listing Agent's Description

Gorgeous entertainers home located in prestigious Brentwood Estates. You and your guests will enter through a beautiful glass beveled door leading in to the formal living room with tiled entry and vaulted ceilings. The kitchen must be seen with exotic granite counter tops, under counter and cabinet lighting, soft close drawers/cabinets, pendant lighting and stainless steel appliances. Family room features fireplace with beautiful mantle and French doors leading to a beautiful tropical oasis. Downstairs bedroom and full bath is perfect for guests. Master bedroom has spacious his & her closets, dual sinks and tub with separate glass enclosed shower. Home has many upgrades which include a completely finished garage with epoxy flooring, crown moulding, recessed lighting and ceiling fans in most rooms. The highlight is the beautifully landscaped backyard with a custom built rock pool/spa/waterfall, spacious covered patio with lighting, built in bbq and stamped concrete. All this and the award winning Etiwanda School District.

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MARKET HIGHLIGHTS

  • 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)
  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: North Etiwanda

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900kPrice in $149k920k

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

Neighborhood: North Etiwanda

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q212001400160018002000220024002600280030003200Rent in $10823395

* 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
 

$706,491$863,489$784,990

PURCHASE PRICE

$2,799$3,421$3,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,110
EXPENSES Loan Payment -$2,727
Property Tax -$774
Property Insurance -$86
Property Management Fees -$183
CASH FLOW
-$660

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.

$784,990

PROJECTED PRICE

$3,110

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 5.6%
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$213,772

INVESTMENT

$213,772

Down Payment
$196,248
Rehab Estimate
$5,750
Closing Costs
$11,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% 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 $196,248
Loan Amount $588,743
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$6,862

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,110

    LIST RENT
  • $1.28

    LIST RENT PER SQFT
  • $3,114

    COMP ESTIMATED VALUE
  • $1.28

    COMP AVG. RENT PER SQFT
Comps Range
$2,550
1$2,5502$3,1103$3,4004$3,5005$3,600
$3,600
RENT COMPS ANALYSIS
  • 13938 S San Dimas Lane Rancho Cucamonga, CA 2
    • 4 beds 3 baths ∙ 2,433 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,433 Sqft ∙ Built 1989
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,110
    • $1.28
    •  
  • 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
    •  
  • 13760 Santa Maria Drive Rancho Cucamonga, CA 3
    • 5 beds 4 baths ∙ 2,688 Sqft ∙ Built 2007 5 beds 4 baths ∙ 2,688 Sqft ∙ Built 2007
    property image
    LEASED 08/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.26
    •  
  • 14082 Crescenta Rancho Cucamonga, CA 4
    • 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 1998
    property image
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.35
    •  
  • 13750 Santa Maria Drive Rancho Cucamonga, CA 5
    • 4 beds 3 baths ∙ 2,607 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,607 Sqft ∙ Built 2007
    property image
    LEASED 10/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.38
    •  
PROPERTY LISTING DETAILS
Kristi Gavin
Realty One Group West
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21059180
Last Updated: 03/25/2021
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