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PROPERTY INFO
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.
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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 | $2,660 |
| 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
| 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
$217,697
LOAN DETAILS
$2,778
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $199,950 |
| Loan Amount | $599,850 |
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
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5505 Rock Creek Road Rancho Cucamonga, CA 1
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6121 Hilltop Court Rancho Cucamonga, CA 2
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- $2,700
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LEASED 09/30/19- Rent
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- $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
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-
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
Realty World All Stars
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: CV21023789
Last Updated: 02/05/2021
