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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

$2,620

$2,370 - $2,870

Rent Est.

$742,699  ( +6.10%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
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!!!!

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: Caryn

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $149k584k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Caryn

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2110012001300140015001600170018001900200021002200230024002500Rent in $10822522

* 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
Caryn Elementary School Primary Regular 547 23 9
Day Creek Intermediate School Middle Regular 1,256 49 10
Los Osos High School High Regular 3,211 114 9

Caryn Elementary School

  • Education Level: Primary
  • # of students: 547
  • # of teachers: 23
9
GreatSchools Rating

Day Creek Intermediate School

  • Education Level: Middle
  • # of students: 1,256
  • # of teachers: 49
10
GreatSchools Rating

Los Osos High School

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

$629,999$769,999$699,999

PURCHASE PRICE

$2,358$2,882$2,620

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

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 $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

ASSUMPTIONS

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

TOTAL OUT OFPOCKET$191,250

INVESTMENT

$191,250

Down Payment
$175,000
Rehab Estimate
$5,750
Closing Costs
$10,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,583

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $175,000
Loan Amount $524,999
See What Happens When You Reinvest Cash Flow

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
$2,620
1$2,6202$2,6493$2,7004$2,7505$2,900
$2,900
RENT COMPS ANALYSIS
  • 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
Nicolle Barton
Coldwell Banker Blackstone Rty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20174834
Last Updated: 08/25/2020
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