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14193 Henderson Drive Rancho Cucamonga, CA 91739

3 Beds 3 Baths 2,496 sqft Built 1998

INVESTimate

$714,990

List Price

$2,680

$2,430 - $2,930

Rent Est.

$757,460  ( +5.94%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1998
  • Price/Sqft : $286.45
  • 30 Days on Market
  • MLS # : CV20148283
  • Updated Date : 08/18/2020 at 11:29
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,496 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Champions

Listing Agent's Description

Lovely single story home with nice courtyard at entry. This home has been upgraded with quartz countertops, center island with eat in area. Large living room with fireplace, plantation shutters throughout the home. Family room with built in bookcase. office or den. Large master bedroom with sitting area. Master bathroom has large shower with separate tub and dual sinks. Ceiling fans in all bedrooms. Nice laundry room. Large lot, nicely landscaped backyard, walking trail behind home. 3 car garage. Buyer & buyers agt to verify sq ft.

SEE MORE

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

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
 

$643,491$786,489$714,990

PURCHASE PRICE

$2,412$2,948$2,680

RENT

DOWN PAYMENT
FINANCING

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,680
EXPENSES Loan Payment -$2,638
Property Tax -$713
Property Insurance -$88
Property Management Fees -$158
CASH FLOW
-$917

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.

$714,990

PROJECTED PRICE

$2,680

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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

TOTAL OUT OFPOCKET$195,222

INVESTMENT

$195,222

Down Payment
$178,748
Rehab Estimate
$5,750
Closing Costs
$10,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,638

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $178,748
Loan Amount $536,243
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$742

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,680

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $2,739

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$2,680
1$2,6802$2,7453$2,8004$2,8605$2,900
$2,900
RENT COMPS ANALYSIS
  • 14193 Henderson Drive Rancho Cucamonga, 1
    • 3 beds 3 baths ∙ 2,496 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,496 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $2,680
    • $1.07
    •  
  • 5443 Crestline Place Rancho Cucamonga, 2
    • 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
    •  
  • 14642 Decoy Lane Fontana, 3
    • 4 beds 3 baths ∙ 2,540 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,540 Sqft ∙ Built 2003
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.10
    •  
  • 14078 Arcadia Way Rancho Cucamonga, 4
    • 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
    •  
  • 14112 Los Robles Court Rancho Cucamonga, 5
    • 4 beds 3 baths ∙ 2,679 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,679 Sqft ∙ Built 1995
    LEASED 02/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.08
    •  
PROPERTY LISTING DETAILS
Terry Digiuseppe
Re/max Champions
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20148283
Last Updated: 08/18/2020
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