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14078 Hastings Ranch Lane Rancho Cucamonga, CA 91739

4 Beds 3 Baths 2,493 sqft Built 1994

$759,000

List Price

$2,990

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $304.45
  • 3 Days on Market
  • MLS # : CV20239603
  • Updated Date : 11/13/2020 at 17:05
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,493 sqft
  • Baths : 3 full
Listing Agent

Realty Masters & Associates

Listing Agent's Description

Click the link for a 3D tour - https://unbranded.youriguide.com/14078_hastings_ranch_ln_rancho_cucamonga_ca **Welcome to 14078 Hastings Ranch Lane! Sparkling Pool Home Located in the Highly Desirable Brentwood Community in Rancho Cucamonga! Double door entry into the formal living/dining room with tall ceilings and tons of natural light. The kitchen has tons of cabinetry for storage, stainless steel appliances, island, breakfast nook, granite countertops, and recessed lighting! A wall of windows draws your eyes out to the beautiful backyard and amazing views! There is one bedroom downstairs and a full bathroom, Large master bedroom with views of the mountains! 3 additional bedrooms and a hall bathroom upstairs! The backyard is beautifully landscaped, has a pergola, jacuzzi, grassy area, sparkling pool, and mountain views! This home also has a 3 car attached garage and solar! Located close to freeways, shopping centers, parks, schools, and restaurants!! Zoned for Etiwanda School District

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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: 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
 

$683,100$834,900$759,000

PURCHASE PRICE

$2,691$3,289$2,990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,990
EXPENSES Loan Payment -$2,800
Property Tax -$748
Property Insurance -$88
Property Management Fees -$176
CASH FLOW
-$822

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.

$759,000

PROJECTED PRICE

$2,990

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 5.6%
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$206,885

INVESTMENT

$206,885

Down Payment
$189,750
Rehab Estimate
$5,750
Closing Costs
$11,385

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,800

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $189,750
Loan Amount $569,250
See What Happens When You Reinvest Cash Flow

0.92

YEARS SAVED

$3,240

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,990

    LIST RENT
  • $1.2

    LIST RENT PER SQFT
  • $3,004

    COMP ESTIMATED VALUE
  • $1.21

    COMP AVG. RENT PER SQFT
Comps Range
$2,745
1$2,7452$2,8603$2,9904$3,4005$3,500
$3,500
RENT COMPS ANALYSIS
  • 14078 Hastings Ranch Lane Rancho Cucamonga, CA 3
    • 4 beds 3 baths ∙ 2,493 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,493 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $2,990
    • $1.20
    •  
  • 5443 Crestline Place Rancho Cucamonga, CA 1
    • 4 beds 3 baths ∙ 2,601 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,601 Sqft ∙ Built 1998
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,745
    • $1.06
    •  
  • 14078 Arcadia Way Rancho Cucamonga, CA 2
    • 4 beds 3 baths ∙ 2,493 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,493 Sqft ∙ Built 1993
    LEASED 12/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,860
    • $1.15
    •  
  • 13760 Santa Maria Drive Rancho Cucamonga, CA 4
    • 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
    •  
  • 14082 Crescenta Rancho Cucamonga, CA 5
    • 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 1998
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.35
    •  
PROPERTY LISTING DETAILS
Lisa Di Noto
Realty Masters & Associates
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20239603
Last Updated: 11/13/2020
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