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6011 Layton Street Rancho Cucamonga, CA 91737

5 Beds 3 Baths 2,949 sqft Built 1979

$950,000

List Price

$3,870

$3.6K - $4.1K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $322.14
  • 16 Days on Market
  • MLS # : CV21007912
  • Updated Date : 02/06/2021 at 13:59
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,949 sqft
  • Baths : 3 full
Listing Agent

Metro Real Estate Group

Listing Agent's Description

Welcome home to this spectacular 5 bedrooms, 3 bedrooms freshly remodeled home located on a quiet, tree-lined street in the foothills of Alta Loma. Your new home sits on almost 1/2 acre with 2949 sqft of living area. This stunning home has too many amenities to list including: a Beautiful updated kitchen, double oven, microwave, 5 burner gas cooktop and More. Family room with hardwood floors and impressive fireplace. Upstairs features an enormous loft with overlooking balcony, perfect for entertainment, study or exercise. Spacious Back yard is great for entertaining and it features a beautiful large pool and spa in a park like setting with grass area, cozy covered patio, and many fruit trees. Award winning schools. Close to Victoria Gardens, Ontario Mills, Ontario Airport, shopping, hiking trails and parks.

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: 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
Floyd M. Stork Elementary School Primary Regular 742 27 10
Floyd M. Stork Elementary School Middle Regular 742 27 10
Los Osos High School High Regular 3,211 114 9

Floyd M. Stork Elementary School

  • Education Level: Primary
  • # of students: 742
  • # of teachers: 27
10
GreatSchools Rating

Floyd M. Stork Elementary School

  • Education Level: Middle
  • # of students: 742
  • # of teachers: 27
10
GreatSchools Rating

Los Osos High School

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

$855,000$1,045,000$950,000

PURCHASE PRICE

$3,483$4,257$3,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,870
EXPENSES Loan Payment -$3,300
Property Tax -$889
Property Insurance -$99
Property Management Fees -$228
CASH FLOW
-$646

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.

$950,000

PROJECTED PRICE

$3,870

PROJECTED RENT

0.41%

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$20k$25k

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$257,500

INVESTMENT

$257,500

Down Payment
$237,500
Rehab Estimate
$5,750
Closing Costs
$14,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,300

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $237,500
Loan Amount $712,500
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$15,275

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,870

    LIST RENT
  • $1.31

    LIST RENT PER SQFT
  • $3,767

    COMP ESTIMATED VALUE
  • $1.28

    COMP AVG. RENT PER SQFT
Comps Range
$3,400
1$3,4002$3,4953$3,5004$3,8705$4,000
$4,000
RENT COMPS ANALYSIS
  • 6011 Layton Street Rancho Cucamonga, CA 4
    • 5 beds 3 baths ∙ 2,949 Sqft ∙ Built 1979 5 beds 3 baths ∙ 2,949 Sqft ∙ Built 1979
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,870
    • $1.31
    •  
  • 9328 Rancho Street Rancho Cucamonga, CA 1
    • 4 beds 3 baths ∙ 2,782 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,782 Sqft ∙ Built 1978
    property image
    LEASED 09/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.22
    •  
  • 10344 Ridgeview Court Rancho Cucamonga, CA 2
    • 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
    •  
  • 10889 Mirador Drive Rancho Cucamonga, CA 3
    • 4 beds 3 baths ∙ 2,638 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,638 Sqft ∙ Built 1996
    property image
    LEASED 09/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.33
    •  
  • 9808 Alder Ridge Place Rancho Cucamonga, CA 5
    • 4 beds 4 baths ∙ 2,957 Sqft ∙ Built 1986 4 beds 4 baths ∙ 2,957 Sqft ∙ Built 1986
    property image
    LEASED 10/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.35
    •  
PROPERTY LISTING DETAILS
Luis Ruiz
Metro Real Estate Group
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21007912
Last Updated: 02/06/2021
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