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6347 Cameo Street Rancho Cucamonga, CA 91701

4 Beds 3 Baths 2,200 sqft Built 1974

$709,999

List Price

$2,930

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

February 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1974
  • Price/Sqft : $322.73
  • 8 Days on Market
  • MLS # : CV21025512
  • Updated Date : 02/12/2021 at 10:42
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,200 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker Blackstone Rty

Listing Agent's Description

Location... location... LOCATION! Welcome home to this two-story, 4 bedroom, 2.5 bathroom, pool home situated in a desirable Alta Loma neighborhood in a quiet and friendly cul-de-sac. Enter through double doors into a spacious and bright formal living room with vaulted ceilings and formal dining space. Kitchen boasts tons of natural light and opens to breakfast space and family room with beautiful stone (floor to ceiling) fireplace. Newer high quality carpet through out the upstairs floor. Spacious master suite and three bedrooms are all bedrooms are upstairs. Step out to the private backyard to enjoy a gorgeous pool and spa. Sellers updated and resurfaced entire pool. Replaced decorative tile, updated light pool fixtures, replaced pool coping with travertine. Pool has a new filter and filter housing and a new variable speed pump. Backyard boasts several fruit trees (2 lemon, 1 lime and 1 orange trees) and a vegetable garden with 2 aloe plants, 2 tomato bushes, a blackberry vine... AND an in-ground basketball hoop. What an amazing opportunity within the award winning Alta Loma School District. This is a must see! Please follow all guidelines pertaining to COVID-19 regulations.

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: 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
 

$638,999$780,999$709,999

PURCHASE PRICE

$2,637$3,223$2,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,930
EXPENSES Loan Payment -$2,466
Property Tax -$678
Property Insurance -$80
Property Management Fees -$173
CASH FLOW
-$467

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.

$709,999

PROJECTED PRICE

$2,930

PROJECTED RENT

0.41%

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$20k

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$193,900

INVESTMENT

$193,900

Down Payment
$177,500
Rehab Estimate
$5,750
Closing Costs
$10,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,466

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $177,500
Loan Amount $532,499
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$11,897

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,930

    LIST RENT
  • $1.33

    LIST RENT PER SQFT
  • $2,959

    COMP ESTIMATED VALUE
  • $1.35

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$2,7003$2,8004$2,9305$3,200
$3,200
RENT COMPS ANALYSIS
  • 6347 Cameo Street Rancho Cucamonga, CA 4
    • 4 beds 3 baths ∙ 2,200 Sqft ∙ Built 1974 4 beds 3 baths ∙ 2,200 Sqft ∙ Built 1974
    • Rent
    • Rent Per SQFT
    •  
    • $2,930
    • $1.33
    •  
  • 1228 Scenic View Street Upland, CA 1
    • 4 beds 3 baths ∙ 1,906 Sqft ∙ Built 1987 4 beds 3 baths ∙ 1,906 Sqft ∙ Built 1987
    LEASED 12/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.42
    •  
  • 9568 Hamilton Street Rancho Cucamonga, CA 2
    • 4 beds 2 baths ∙ 2,108 Sqft ∙ Built 1987 4 beds 2 baths ∙ 2,108 Sqft ∙ Built 1987
    LEASED 07/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.28
    •  
  • 6460 Sacramento Avenue Rancho Cucamonga, CA 3
    • 4 beds 2 baths ∙ 2,172 Sqft ∙ Built 1971 4 beds 2 baths ∙ 2,172 Sqft ∙ Built 1971
    LEASED 08/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.29
    •  
  • 1748 Eastgate Avenue Upland, CA 5
    • 4 beds 3 baths ∙ 2,301 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,301 Sqft ∙ Built 1993
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.39
    •  
PROPERTY LISTING DETAILS
Yanira Aguero
Coldwell Banker Blackstone Rty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21025512
Last Updated: 02/12/2021
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