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6113 El Capitan Court 
Rancho Cucamonga, CA
91737
4 Beds 3 Baths 2,072 sqft
Built 1986
INVESTimate
$699,999
List Price
$191,250
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PROPERTY INFO
FACTS
- Built In 1986
- Price/Sqft : $337.84
- 2 Days on Market
- MLS # : CV20174834
- Updated Date : 08/25/2020 at 15:42
CONSTRUCTION
- Beds : 4
- Floor Size : 2,072 sqft
- Baths : 3 full
Listing Agent
Coldwell Banker Blackstone Rty
Listing Agent's Description
LOCATION!! LOCATION!! The home you have been waiting for is finally available. A true pride of ownership is found from the minute you pull up to the gorgeous curb appeal to the many upgrades that have been done to both exterior and interior. You are welcome to enter through a gorgeous double door entry w/ upgraded security doors. The formal living room/dining room includes plantation shutters, over-sized mirror above the cozy fireplace, and newer light fixtures. Do you love to cook? This fully upgraded gourmet kitchen boasts quartz counters, custom walnut cabinetry with pull out shelving and self closing doors, recessed lighting, newer stainless steel appliances with a 5 burner stove. The kitchen is open to the family room that offers another fireplace. Newer sliding door with security screens and pull down shades allow access to the large backyard where the possibilities are endless and offers a mature grapefruit tree. This spectacular home also offers a down stairs full bedroom with mirrored closet doors and a ceiling fan. The downstairs bathroom has been fully remodeled with a walk in shower. The primary bedroom is upstairs and also has a ceiling fan, and sliding doors to the magnificent balcony. Both upstairs bathrooms have been remodeled to include granite counter tops. The location is minutes from the famed Victoria Gardens Shopping Mall and Los Osos High School, Day Creek Intermediate, & Caryn Elem. So many things to mention, Call for your appt today!!!!
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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: Caryn
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Caryn
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,620 |
| EXPENSES | Loan Payment | -$2,583 |
| Property Tax | -$731 | |
| Property Insurance | -$77 | |
| Property Management Fees | -$155 | |
|
CASH FLOW
-$926
|
||
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.
$699,999
PROJECTED PRICE
$2,620
PROJECTED RENT
0.37%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.95% |
| Appreciation Year (1-5) | 6.10% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.35% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$191,250
LOAN DETAILS
$2,583
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $175,000 |
| Loan Amount | $524,999 |
0.33
YEARS SAVED
$447
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,620
LIST RENT -
$1.26
LIST RENT PER SQFT
-
$2,797
COMP ESTIMATED VALUE -
$1.35
COMP AVG. RENT PER SQFT
Comps Range
-
6113 El Capitan Court Rancho Cucamonga, 1
- 4 beds 3 baths ∙ 2,072 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,072 Sqft ∙ Built 1986
![property image]()
- Rent
- Rent Per SQFT
- $2,620
- $1.26
-
6690 Summerstone Court Rancho Cucamonga, 2
- 4 beds 3 baths ∙ 2,016 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,016 Sqft ∙ Built 1999
![property image]()
LEASED 09/07/19- Rent
- Rent Per SQFT
- $2,649
- $1.31
-
6121 Hilltop Court Rancho Cucamonga, 3
- 4 beds 2 baths ∙ 1,982 Sqft ∙ Built 1989 4 beds 2 baths ∙ 1,982 Sqft ∙ Built 1989
![property image]()
LEASED 06/14/20- Rent
- Rent Per SQFT
- $2,700
- $1.36
-
11356 Mineral Peak Court Rancho Cucamonga, 4
- 4 beds 3 baths ∙ 2,072 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,072 Sqft ∙ Built 1986
![property image]()
LEASED 07/01/20- Rent
- Rent Per SQFT
- $2,750
- $1.33
-
11765 Mount Wilson Court Rancho Cucamonga, 5
- 4 beds 3 baths ∙ 2,072 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,072 Sqft ∙ Built 1988
![property image]()
LEASED 05/21/20- Rent
- Rent Per SQFT
- $2,900
- $1.40
PROPERTY LISTING DETAILS
Coldwell Banker Blackstone Rty
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: CV20174834
Last Updated: 08/25/2020
