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5207 Cartilla Avenue Rancho Cucamonga, CA 91737

4 Beds 3 Baths 2,642 sqft Built 1979

$865,000

List Price

$3,070

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

December 03, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $327.40
  • 5 Days on Market
  • MLS # : CV20248749
  • Updated Date : 12/02/2020 at 18:23
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,642 sqft
  • Baths : 3 full
Listing Agent

Berkshire Hath Hm Svcs Ca Prop

Listing Agent's Description

Fully remodeled 4 bedroom, 3 bath home on a large half acre lot. Located at the top of the cul-de-sac in a well-established neighborhood with a mountain and city lights view! Double door entry with leaded glass welcomes you into a spacious, open floorplan. Freshly painted interior with new vinyl laminate wood flooring throughout, new carpet, and new vinyl dual-paned windows. A large living room with a fireplace opens to the formal dining room. Remodeled kitchen with new granite countertops, new stainless sink & faucet, new stainless steel appliances including dishwasher, 5-burner range, and microwave. The breakfast bar and breakfast nook open to a family room with french doors leading to the backyard. 1 bedroom and full bath downstairs with shower/tub combination. Newly carpeted stairway and throughout the upstairs, new vinyl laminate wood (waterproof) in the bathrooms. Large master bedroom with double door entry, a cozy fireplace, ceiling fan, and a peaceful balcony with a city lights view. Large master bath with dual sinks, large closets with mirrored doors, separate tub and walk-in shower. 2 more bedrooms upstairs, a Jack-n-Jill bathroom with shower/tub combo, and new vanity off the hallway with linen cabinets for plenty of storage. Large backyard on a 1/2 acre horse property with 3 levels, lots of palm trees, large RV parking, sports court with a basketball hoop with access to the horse trail. 3 car finished garage with built-in cabinets and epoxy coated flooring.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Alta Loma

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $149k785k

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

Neighborhood: Alta Loma

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2120014001600180020002200240026002800Rent in $10822925

* 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
Hermosa Elementary School Primary Regular 527 20 6
Vineyard Junior High School Middle Regular 752 27 9
Los Osos High School High Regular 3,211 114 9

Hermosa Elementary School

  • Education Level: Primary
  • # of students: 527
  • # of teachers: 20
6
GreatSchools Rating

Vineyard Junior High School

  • Education Level: Middle
  • # of students: 752
  • # of teachers: 27
9
GreatSchools Rating

Los Osos High School

  • Education Level: High
  • # of students: 3,211
  • # of teachers: 114
9
GreatSchools Rating
 

$778,500$951,500$865,000

PURCHASE PRICE

$2,763$3,377$3,070

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,070
EXPENSES Loan Payment -$3,191
Property Tax -$820
Property Insurance -$91
Property Management Fees -$181
CASH FLOW
-$1,213

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.

$865,000

PROJECTED PRICE

$3,070

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 5.5%
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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$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$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$234,975

INVESTMENT

$234,975

Down Payment
$216,250
Rehab Estimate
$5,750
Closing Costs
$12,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,191

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $216,250
Loan Amount $648,750
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$330

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,070

    LIST RENT
  • $1.16

    LIST RENT PER SQFT
  • $3,144

    COMP ESTIMATED VALUE
  • $1.19

    COMP AVG. RENT PER SQFT
Comps Range
$2,800
1$2,8002$3,0703$3,2004$3,4255$3,495
$3,495
RENT COMPS ANALYSIS
  • 5207 Cartilla Avenue Rancho Cucamonga, CA 2
    • 4 beds 3 baths ∙ 2,642 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,642 Sqft ∙ Built 1979
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,070
    • $1.16
    •  
  • 5250 Ozark Mountain Place Rancho Cucamonga, CA 1
    • 3 beds 3 baths ∙ 2,416 Sqft ∙ Built 1989 3 beds 3 baths ∙ 2,416 Sqft ∙ Built 1989
    property image
    LEASED 06/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.16
    •  
  • 5329 Valinda Avenue Rancho Cucamonga, CA 3
    • 4 beds 3 baths ∙ 2,848 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,848 Sqft ∙ Built 1986
    property image
    LEASED 06/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.12
    •  
  • 10161 Woodridge Drive Rancho Cucamonga, CA 4
    • 4 beds 3 baths ∙ 2,694 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,694 Sqft ∙ Built 1990
    property image
    LEASED 06/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,425
    • $1.27
    •  
  • 10344 Ridgeview Court Rancho Cucamonga, CA 5
    • 4 beds 3 baths ∙ 2,878 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,878 Sqft ∙ Built 1989
    property image
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,495
    • $1.21
    •  
PROPERTY LISTING DETAILS
William Lim
Berkshire Hath Hm Svcs Ca Prop
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20248749
Last Updated: 12/02/2020
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