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5505 Rock Creek Road Rancho Cucamonga, CA 91739

3 Beds 2 Baths 2,003 sqft Built 1996

$799,800

List Price

$2,660

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $399.30
  • 4 Days on Market
  • MLS # : CV21023789
  • Updated Date : 02/05/2021 at 07:33
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,003 sqft
  • Baths : 2 full
Listing Agent

Realty World All Stars

Listing Agent's Description

Gorgeous single story home won’t last long! Front yard landscape invites you to your beautiful new home. When inside you will find 3 bedrooms plus a den that is set up for a home office or can be easily converted to a 4th bedroom. As you tour through the home you will find so many upgrades, let’s start with the beautiful custom kitchen with cherry wood cabinets, granite countertops, stainless steel appliances, with lots of storage. The kitchen opens up to the family room with warm fireplace, built in cabinets/bookcases with tile floors. Bathrooms have been upgraded with lovely pullmans, quartz countertops and new fixtures. Bedrooms have been updated with laminate flooring that compliments the home beautifully. New linen cabinet was installed for more storage. When you stroll out to the backyard you will find an oasis of relaxation or if you like to entertain you will love this backyard. Check out the custom heavy timber framed patio cover, stamped concrete, built in BBQ area, stone work on hardscape, beautifully landscaped, blocks walls all around, and 50' direct access RV parking/with 50-amp electric hookups. Newly painted, heating and air complete system was replaced 2015, new window coverings and exterior HD security cameras. Walking distance to the Etiwanda Preserve for fun adventures and great neighborhood for exercise or walking your dog. Great school districts! Come by and see why you want to call this home.

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: 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
John L. Golden Elementary School Primary Regular 880 35 10
Day Creek Intermediate School Middle Regular 1,256 49 10
Los Osos High School High Regular 3,211 114 9

John L. Golden Elementary School

  • Education Level: Primary
  • # of students: 880
  • # of teachers: 35
10
GreatSchools Rating

Day Creek Intermediate School

  • Education Level: Middle
  • # of students: 1,256
  • # of teachers: 49
10
GreatSchools Rating

Los Osos High School

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

$719,820$879,780$799,800

PURCHASE PRICE

$2,394$2,926$2,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,660
EXPENSES Loan Payment -$2,778
Property Tax -$799
Property Insurance -$76
Property Management Fees -$157
CASH FLOW
-$1,150

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.

$799,800

PROJECTED PRICE

$2,660

PROJECTED RENT

0.33%

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-$20k-$15k-$10k-$5.0k$0.0$5.0k

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$217,697

INVESTMENT

$217,697

Down Payment
$199,950
Rehab Estimate
$5,750
Closing Costs
$11,997

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,778

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $199,950
Loan Amount $599,850
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$75

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,660

    LIST RENT
  • $1.33

    LIST RENT PER SQFT
  • $2,704

    COMP ESTIMATED VALUE
  • $1.35

    COMP AVG. RENT PER SQFT
Comps Range
$2,660
1$2,6602$2,7003$2,7504$2,7955$2,995
$2,995
RENT COMPS ANALYSIS
  • 5505 Rock Creek Road Rancho Cucamonga, CA 1
    • 3 beds 2 baths ∙ 2,003 Sqft ∙ Built 1996 3 beds 2 baths ∙ 2,003 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $2,660
    • $1.33
    •  
  • 6121 Hilltop Court Rancho Cucamonga, CA 2
    • 4 beds 2 baths ∙ 1,982 Sqft ∙ Built 1989 4 beds 2 baths ∙ 1,982 Sqft ∙ Built 1989
    LEASED 06/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.36
    •  
  • 6208 Preakness Place Rancho Cucamonga, CA 3
    • 3 beds 2 baths ∙ 2,057 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,057 Sqft ∙ Built 2000
    LEASED 09/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.34
    •  
  • 5778 San Fernando Pl Rancho Cucamonga, CA 4
    • 4 beds 3 baths ∙ 1,969 Sqft ∙ Built 2007 4 beds 3 baths ∙ 1,969 Sqft ∙ Built 2007
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $1.42
    •  
  • 6358 Taylor Canyon Place Rancho Cucamonga, CA 5
    • 4 beds 3 baths ∙ 2,348 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,348 Sqft ∙ Built 2004
    LEASED 09/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.28
    •  
PROPERTY LISTING DETAILS
Kimberlee Pelletier
Realty World All Stars
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21023789
Last Updated: 02/05/2021
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