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5811 Burgundy Avenue Rancho Cucamonga, CA 91737

4 Beds 3 Baths 2,750 sqft Built 2000

INVESTimate

$802,500

List Price

$3,230

$2,980 - $3,480

Rent Est.

$846,878  ( +5.53%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 2000
  • Price/Sqft : $291.82
  • 6 Days on Market
  • MLS # : CV20172201
  • Updated Date : 08/22/2020 at 16:03
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,750 sqft
  • Baths : 2 full , 1 half
Listing Agent

Elite Premier Properties

Listing Agent's Description

Look around, if you want a 1/2 acre lot in a family friendly neighborhood with tons of potential, than this house is for you!! This house is ready for you to build your family memories here! It has 4 bedrooms and 2 1/2 baths. It also has a formal living room and an upstairs loft with it's own 1/2 bath. Perfect for the kids to hang out upstairs, a man cave, a reading room, etc. Tons of possibilities. The downstairs bedrooms are all great size. The recently re-modeled master bathroom has a private bath with soak in tub, stand up shower and dual sinks!! The hallway bath also has double sinks. The kitchen is a great size and perfect for entertaining. The backyard has a covered patio with a partially landscaped backyard. But the rest of the backyard is a blank canvas for you to have your imagination run wild with all the possibilities. Resort style pool and spa, possible ADU or guest house, horse stables, RV parking, tennis courts, basketball court, etc, the possibilities are endless!! Hurry, this one won't last long.

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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: 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
 

$722,250$882,750$802,500

PURCHASE PRICE

$2,907$3,553$3,230

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$15k$20k

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 $3,230
EXPENSES Loan Payment -$2,961
Property Tax -$766
Property Insurance -$94
Property Management Fees -$191
CASH FLOW
-$781

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.

$802,500

PROJECTED PRICE

$3,230

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 5.53%
Maintenance Year (1-5) 8.00%
Vacancy 5.35%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$218,413

INVESTMENT

$218,413

Down Payment
$200,625
Rehab Estimate
$5,750
Closing Costs
$12,038

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,961

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $200,625
Loan Amount $601,875
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$6,433

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,230

    LIST RENT
  • $1.17

    LIST RENT PER SQFT
  • $3,245

    COMP ESTIMATED VALUE
  • $1.18

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,8003$3,0004$3,2305$3,425
$3,425
RENT COMPS ANALYSIS
  • 5811 Burgundy Avenue Rancho Cucamonga, 4
    • 4 beds 3 baths ∙ 2,750 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,750 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $3,230
    • $1.17
    •  
  • 10150 Saddlehill Terrace Rancho Cucamonga, 1
    • 4 beds 4 baths ∙ 2,419 Sqft ∙ Built 1988 4 beds 4 baths ∙ 2,419 Sqft ∙ Built 1988
    LEASED 05/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.07
    •  
  • 10122 Saddlehill Terrace Alta Loma, 2
    • 4 beds 4 baths ∙ 2,419 Sqft ∙ Built 1988 4 beds 4 baths ∙ 2,419 Sqft ∙ Built 1988
    LEASED 09/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.16
    •  
  • 9756 Via Esperanza Rancho Cucamonga, 3
    • 5 beds 3 baths ∙ 2,449 Sqft ∙ Built 1999 5 beds 3 baths ∙ 2,449 Sqft ∙ Built 1999
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.22
    •  
  • 10161 Woodridge Drive Rancho Cucamonga, 5
    • 4 beds 3 baths ∙ 2,694 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,694 Sqft ∙ Built 1990
    LEASED 06/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,425
    • $1.27
    •  
PROPERTY LISTING DETAILS
Fabricio Badiola
Elite Premier Properties
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20172201
Last Updated: 08/22/2020
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