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5940 Moonstone Avenue Rancho Cucamonga, CA 91701

4 Beds 3 Baths 2,961 sqft Built 1979

$884,900

List Price

$3,340

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $298.85
  • 4 Days on Market
  • MLS # : IV21044309
  • Updated Date : 03/04/2021 at 17:51
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,961 sqft
  • Baths : 2 full , 1 half
Listing Agent

Redfin

Listing Agent's Description

Located on a corner lot in a highly desirable Alta Loma neighborhood is this exceptional, single-story pool home with impressive curb appeal. A large living room and formal dining area with outdoor alcove access add to the elegance of this attractive floor plan. The spacious, eat-in kitchen features refinished cabinets, recessed lighting, double oven, five burner gas cooktop, full backsplash, and a built-in, work-from-home desk. The kitchen opens to the large family room, featuring a floor to ceiling brick fireplace with raised hearth, vaulted ceilings with exposed beams, full wet bar, and new carpet. Adjacent to the family room is an additional bonus area (perfect for a pool table) with patio access via French doors. The covered patio features a pass-through window, built-in natural gas BBQ, and unobstructed mountain views. The spacious master suite features a cozy fireplace and walk-in cedar closet. En-suite bathroom has new tile floor, double sinks, and sliding glass door that leads to the pool and spa deck. The three large additional bedrooms share an adjacent full bath with double vanity. A separate laundry room has cabinets, sink, tile floor and side yard access. The grounds also include a half basketball court and mature fruit trees. The three car garage has overhead storage and wall shelving. Room for potential RV parking. A horse trail borders the rear yard. Being near great schools, restaurants, shopping, medical centers make this the perfect family home.

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MARKET HIGHLIGHTS

  • 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.
  • 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)

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
Alta Loma Junior High School Middle Regular 658 24 7
Los Osos High School High Regular 3,211 114 9
Los Osos High School High Unknown NA

Alta Loma Junior High School

  • Education Level: Middle
  • # of students: 658
  • # of teachers: 24
7
GreatSchools Rating

Los Osos High School

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

Los Osos High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$796,410$973,390$884,900

PURCHASE PRICE

$3,006$3,674$3,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,340
EXPENSES Loan Payment -$3,074
Property Tax -$828
Property Insurance -$99
Property Management Fees -$197
CASH FLOW
-$858

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.

$884,900

PROJECTED PRICE

$3,340

PROJECTED RENT

0.38%

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

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$240,249

INVESTMENT

$240,249

Down Payment
$221,225
Rehab Estimate
$5,750
Closing Costs
$13,274

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,074

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $221,225
Loan Amount $663,675
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$4,290

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,340

    LIST RENT
  • $1.13

    LIST RENT PER SQFT
  • $3,612

    COMP ESTIMATED VALUE
  • $1.22

    COMP AVG. RENT PER SQFT
Comps Range
$2,800
1$2,8002$3,3403$3,4004$3,995
$3,995
RENT COMPS ANALYSIS
  • 5940 Moonstone Avenue Rancho Cucamonga, CA 2
    • 4 beds 3 baths ∙ 2,961 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,961 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $3,340
    • $1.13
    •  
  • 6285 Sacramento Avenue Rancho Cucamonga, CA 1
    • 4 beds 3 baths ∙ 2,743 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,743 Sqft ∙ Built 1977
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.02
    •  
  • 9328 Rancho Street Rancho Cucamonga, CA 3
    • 4 beds 3 baths ∙ 2,782 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,782 Sqft ∙ Built 1978
    LEASED 09/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.22
    •  
  • 8661 Beechwood Drive Alta Loma, CA 4
    • 5 beds 3 baths ∙ 2,810 Sqft ∙ Built 1978 5 beds 3 baths ∙ 2,810 Sqft ∙ Built 1978
    LEASED 02/17/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,995
    • $1.42
    •  
PROPERTY LISTING DETAILS
Coleen Hyams
Redfin
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV21044309
Last Updated: 03/04/2021
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