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6465 Caledon Place Rancho Cucamonga, CA 91737

3 Beds 3 Baths 1,331 sqft Built 1986

$549,900

List Price

$2,160

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $413.15
  • 3 Days on Market
  • MLS # : CV21046055
  • Updated Date : 03/06/2021 at 14:38
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,331 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Top Producers

Listing Agent's Description

ABSOLUTELY GORGEOUS UPGRADED HOME - 3 BEDROOM 3 BATH with 2 CAR GARAGE.. Low HOA $185.00, You don't want to miss out on this amazing opportunity. Property has been Fully UPDATED (Kitchen, Cabinets, Bathrooms, Appliances, Hardwood Flooring, Recessed Lighting, Garage Door, and PAINT.) Community POOL with PLAYGROUND for the kids. Close to many SHOPPING CENTERS (VICTORIA GARDENS, ONTARIO MILLS) 210 FWY and 15 FWY. Excellent location with the best SCHOOL DISTRICT. LOW HOA, QUIET, AND HIGHLY DESIRABLE Community.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$494,910$604,890$549,900

PURCHASE PRICE

$1,944$2,376$2,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,160
EXPENSES Loan Payment -$1,910
Property Tax -$539
Property Insurance -$59
HOA -$185
Property Management Fees -$127
CASH FLOW
-$661

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.

$549,900

PROJECTED PRICE

$2,160

PROJECTED RENT

0.39%

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$1.6M

PROJECTED ANNUAL CASH FLOW

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,474

INVESTMENT

$151,474

Down Payment
$137,475
Rehab Estimate
$5,750
Closing Costs
$8,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,910

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $137,475
Loan Amount $412,425
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$297

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,160

    LIST RENT
  • $1.62

    LIST RENT PER SQFT
  • $2,150

    COMP ESTIMATED VALUE
  • $1.62

    COMP AVG. RENT PER SQFT
Comps Range
$2,160
1$2,1602$2,3003$2,4004$2,5005$2,500
$2,500
RENT COMPS ANALYSIS
  • 6465 Caledon Place Rancho Cucamonga, CA 1
    • 3 beds 4 baths ∙ 1,331 Sqft ∙ Built 1986 3 beds 4 baths ∙ 1,331 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $2,160
    • $1.62
    •  
  • 7051 Newton Place Rancho Cucamonga, CA 2
    • 3 beds 3 baths ∙ 1,400 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,400 Sqft ∙ Built 1986
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.64
    •  
  • 9678 Fairfield Court Rancho Cucamonga, CA 3
    • 3 beds 3 baths ∙ 1,463 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,463 Sqft ∙ Built 1988
    LEASED 12/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.64
    •  
  • 9727 Willow Wood Drive Rancho Cucamonga, CA 4
    • 4 beds 3 baths ∙ 1,516 Sqft ∙ Built 1984 4 beds 3 baths ∙ 1,516 Sqft ∙ Built 1984
    LEASED 06/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.65
    •  
  • 6763 Berkshire Avenue Rancho Cucamonga, CA 5
    • 4 beds 2 baths ∙ 1,635 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,635 Sqft ∙ Built 1977
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.53
    •  
PROPERTY LISTING DETAILS
Kevin-james Gonzalez
Re/max Top Producers
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21046055
Last Updated: 03/06/2021
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