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6311 Sandhill Place Rancho Cucamonga, CA 91739

4 Beds 3 Baths 2,168 sqft Built 2003

$659,000

List Price

$2,880

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

December 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $303.97
  • 2 Days on Market
  • MLS # : TR20256638
  • Updated Date : 12/12/2020 at 19:53
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,168 sqft
  • Baths : 2 full , 1 half
Listing Agent

Star Max Realty

Listing Agent's Description

Beautiful property, pride of ownership, two story, open floor plan high ceilings of entrance, this home features: formal living room, formal dining room, separate family room With cozy fireplace, open kitchen- family Room, separate Laundry Room, all wood floor through out four bedrooms, large master bedroom with walk in closet, master bathroom , two and half bathrooms, tile floor in the entry, family room and kitchen ,two car garage, large back yard, close to school, park and shopping.

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

PRICE & RENT TRENDS

Neighborhood: North Etiwanda

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900kPrice in $149k920k

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

Neighborhood: North Etiwanda

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q212001400160018002000220024002600280030003200Rent in $10823395

* 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
John L. Golden Elementary School Primary Regular 880 35 10
Day Creek Intermediate School Middle Regular 1,256 49 10
Los Osos High School High Regular 3,211 114 9

John L. Golden Elementary School

  • Education Level: Primary
  • # of students: 880
  • # of teachers: 35
10
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
 

$593,100$724,900$659,000

PURCHASE PRICE

$2,592$3,168$2,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,880
EXPENSES Loan Payment -$2,431
Property Tax -$691
Property Insurance -$80
Property Management Fees -$170
CASH FLOW
-$492

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.

$659,000

PROJECTED PRICE

$2,880

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 5.6%
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$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$180,385

INVESTMENT

$180,385

Down Payment
$164,750
Rehab Estimate
$5,750
Closing Costs
$9,885

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,431

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $164,750
Loan Amount $494,250
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$11,457

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,880

    LIST RENT
  • $1.33

    LIST RENT PER SQFT
  • $2,889

    COMP ESTIMATED VALUE
  • $1.33

    COMP AVG. RENT PER SQFT
Comps Range
$2,800
1$2,8002$2,8803$2,9004$2,9005$2,995
$2,995
RENT COMPS ANALYSIS
  • 6311 Sandhill Place Rancho Cucamonga, CA 2
    • 4 beds 3 baths ∙ 2,168 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,168 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,880
    • $1.33
    •  
  • 12253 Knightsbridge Dr Rancho Cucamonga, CA 1
    • 4 beds 3 baths ∙ 2,331 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,331 Sqft ∙ Built 2000
    property image
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.20
    •  
  • 6611 Pembroke Court Rancho Cucamonga, CA 3
    • 4 beds 3 baths ∙ 2,000 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,000 Sqft ∙ Built 2000
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.45
    •  
  • 11765 Mount Wilson Court Rancho Cucamonga, CA 4
    • 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
    •  
  • 6358 Taylor Canyon Place Rancho Cucamonga, CA 5
    • 4 beds 3 baths ∙ 2,348 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,348 Sqft ∙ Built 2004
    property image
    LEASED 09/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.28
    •  
PROPERTY LISTING DETAILS
Shao Zhou
Star Max Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: TR20256638
Last Updated: 12/12/2020
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