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6211 Klusman Avenue Rancho Cucamonga, CA 91737

4 Beds 2 Baths 1,896 sqft Built 1983

$699,990

List Price

$2,630

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $369.19
  • 3 Days on Market
  • MLS # : CV21056342
  • Updated Date : 03/19/2021 at 18:18
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,896 sqft
  • Baths : 2 full
Listing Agent

Dynasty Real Estate

Listing Agent's Description

Beautiful single story home in Rancho Cucamonga in the extremely desirable Alta Loma School District. This home features 4 bed 2 bath with a pool, 3 car garage, and RV parking. Upon entry of the home you will notice the upgraded kitchen and living room area. Freeways, grocery stores, and shopping malls are all nearby you wont want to miss this home!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
Alta Loma High School High Regular 2,648 100 8

Alta Loma Junior High School

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

Alta Loma High School

  • Education Level: High
  • # of students: 2,648
  • # of teachers: 100
8
GreatSchools Rating
 

$629,991$769,989$699,990

PURCHASE PRICE

$2,367$2,893$2,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,630
EXPENSES Loan Payment -$2,431
Property Tax -$665
Property Insurance -$73
Property Management Fees -$155
CASH FLOW
-$695

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.

$699,990

PROJECTED PRICE

$2,630

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$191,247

INVESTMENT

$191,247

Down Payment
$174,998
Rehab Estimate
$5,750
Closing Costs
$10,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,431

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $174,998
Loan Amount $524,993
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$2,895

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,630

    LIST RENT
  • $1.39

    LIST RENT PER SQFT
  • $2,792

    COMP ESTIMATED VALUE
  • $1.47

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,6303$2,6504$2,6955$2,995
$2,995
RENT COMPS ANALYSIS
  • 6211 Klusman Avenue Rancho Cucamonga, CA 2
    • 4 beds 2 baths ∙ 1,896 Sqft ∙ Built 1983 4 beds 2 baths ∙ 1,896 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $2,630
    • $1.39
    •  
  • 10274 Corkwood Court Alta Loma, CA 1
    • 3 beds 3 baths ∙ 1,674 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,674 Sqft ∙ Built 1989
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.37
    •  
  • 10423 Cartilla Court Rancho Cucamonga, CA 3
    • 4 beds 2 baths ∙ 1,751 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,751 Sqft ∙ Built 1979
    LEASED 02/27/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.51
    •  
  • 6277 Phillips Way Rancho Cucamonga, CA 4
    • 4 beds 2 baths ∙ 1,755 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,755 Sqft ∙ Built 1977
    LEASED 09/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $1.54
    •  
  • 9420 Orange Street Rancho Cucamonga, CA 5
    • 4 beds 2 baths ∙ 2,040 Sqft ∙ Built 1975 4 beds 2 baths ∙ 2,040 Sqft ∙ Built 1975
    LEASED 06/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.47
    •  
PROPERTY LISTING DETAILS
Susan Spaniol
Dynasty Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21056342
Last Updated: 03/19/2021
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