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6279 Cartilla Avenue Rancho Cucamonga, CA 91737

3 Beds 2 Baths 1,255 sqft Built 1977

$540,000

List Price

$1,970

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $430.28
  • 5 Days on Market
  • MLS # : CV21017346
  • Updated Date : 01/27/2021 at 09:26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,255 sqft
  • Baths : 2 full
Listing Agent

Excellence Vision Real Estate

Listing Agent's Description

Location! Location! Location! Beautiful 3BR 2BA Home in Rancho Cucamonga. Home Features New Kitchen Cabinets, Granite Countertops, Double Sink Basin, Stainless Steel Kitchen Appliances, Huge Kitchen Island, New Double Pane Windows, Immaculate Laminate Flooring, Upgraded Bathrooms, Recessed Lighting, Cathedral Ceiling. This House has it all. Too many features to describe. Almost forgot, Alta Loma School District. North of the 210 HWY. 4 Blocks away from Chaffey College, an Impeccable Private Suite with its own entrance for your mother-in-law. Amazing Mountain Views. Oversized Driveway. Covered Patio on the Side for entertaining. Block Walls around perimeter with Wrought Iron Gates. Steps away from a Major Shopping Center. Nothing but Gains. The Good Ones!! Hurry, this home will not last!

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

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
Vineyard Junior High School Middle Regular 752 27 9
Los Osos High School High Regular 3,211 114 9
Los Osos High School High Unknown NA

Vineyard Junior High School

  • Education Level: Middle
  • # of students: 752
  • # of teachers: 27
9
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
 

$486,000$594,000$540,000

PURCHASE PRICE

$1,773$2,167$1,970

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,970
EXPENSES Loan Payment -$1,876
Property Tax -$515
Property Insurance -$58
Property Management Fees -$116
CASH FLOW
-$595

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.

$540,000

PROJECTED PRICE

$1,970

PROJECTED RENT

0.36%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$148,850

INVESTMENT

$148,850

Down Payment
$135,000
Rehab Estimate
$5,750
Closing Costs
$8,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,876

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $135,000
Loan Amount $405,000
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$1,037

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,970

    LIST RENT
  • $1.57

    LIST RENT PER SQFT
  • $1,986

    COMP ESTIMATED VALUE
  • $1.58

    COMP AVG. RENT PER SQFT
Comps Range
$1,970
1$1,9702$2,3003$2,4004$2,4955$2,550
$2,550
RENT COMPS ANALYSIS
  • 6279 Cartilla Avenue Rancho Cucamonga, CA 1
    • 3 beds 2 baths ∙ 1,255 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,255 Sqft ∙ Built 1977
    • Rent
    • Rent Per SQFT
    •  
    • $1,970
    • $1.57
    •  
  • 6610 Brighton Place Rancho Cucamonga, CA 2
    • 3 beds 2 baths ∙ 1,463 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,463 Sqft ∙ Built 1988
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.57
    •  
  • 6607 Kinlock Avenue Rancho Cucamonga, CA 3
    • 4 beds 2 baths ∙ 1,559 Sqft ∙ Built 1984 4 beds 2 baths ∙ 1,559 Sqft ∙ Built 1984
    LEASED 08/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.54
    •  
  • 7044 Palm Drive Rancho Cucamonga, CA 4
    • 4 beds 2 baths ∙ 1,580 Sqft ∙ Built 1980 4 beds 2 baths ∙ 1,580 Sqft ∙ Built 1980
    LEASED 12/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.58
    •  
  • 10364 Mahogany Court Rancho Cucamonga, CA 5
    • 3 beds 3 baths ∙ 1,552 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,552 Sqft ∙ Built 1988
    LEASED 12/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.64
    •  
PROPERTY LISTING DETAILS
Pablo Soto
Excellence Vision Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21017346
Last Updated: 01/27/2021
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