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PROPERTY INFO
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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: North Etiwanda
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$206,885
LOAN DETAILS
$2,800
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $189,750 |
| Loan Amount | $569,250 |
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
-
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
Realty Masters & Associates
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: CV20239603
Last Updated: 11/13/2020
