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6556 Primrose Place Rancho Cucamonga, CA 91739

4 Beds 2 Baths 1,693 sqft Built 1985

$649,990

List Price

$2,400

$2.2K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $383.93
  • 4 Days on Market
  • MLS # : IV21045067
  • Updated Date : 03/04/2021 at 08:09
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,693 sqft
  • Baths : 2 full
Listing Agent

Better Homes And Gardens Real Estate Champions

Listing Agent's Description

Welcome to the prime location in all of Rancho Cucamonga. This highly desired area features a single story 4 Bedroom home, with beautiful upgraded tile and wood flooring throughout, wood shutters, open living space, fireplace, new paint, upgraded fixtures, upgraded kitchen with granite countertops, stainless steel Kitchenaid appliances, upgraded bathrooms, are just a few of the features this home has to offer. This home has too many upgrades to list, it's definitely a TURNKEY home. Step outside to the aluma-wood patio, beautiful landscaping, spacious and private backyard ready for guest entertainment on those hot summer nights. To top it off, home sits on a quiet cul-de-sac which is surrounded by some of the most prestigious schools in Southern California.

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: Victoria

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $149k628k

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

Neighborhood: Victoria

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2110012001300140015001600170018001900200021002200230024002500Rent in $10822537

* 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
Windrows Elementary School Primary Regular 639 27 9
Etiwanda Intermediate School Middle Regular 1,305 51 8
Rancho Cucamonga High School High Regular 3,462 123 9

Windrows Elementary School

  • Education Level: Primary
  • # of students: 639
  • # of teachers: 27
9
GreatSchools Rating

Etiwanda Intermediate School

  • Education Level: Middle
  • # of students: 1,305
  • # of teachers: 51
8
GreatSchools Rating

Rancho Cucamonga High School

  • Education Level: High
  • # of students: 3,462
  • # of teachers: 123
9
GreatSchools Rating
 

$584,991$714,989$649,990

PURCHASE PRICE

$2,160$2,640$2,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,400
EXPENSES Loan Payment -$2,258
Property Tax -$695
Property Insurance -$68
Property Management Fees -$142
CASH FLOW
-$763

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.

$649,990

PROJECTED PRICE

$2,400

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 5.2%
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-$15k-$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$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$177,997

INVESTMENT

$177,997

Down Payment
$162,498
Rehab Estimate
$5,750
Closing Costs
$9,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,258

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $162,498
Loan Amount $487,493
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$657

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,400

    LIST RENT
  • $1.42

    LIST RENT PER SQFT
  • $2,400

    COMP ESTIMATED VALUE
  • $1.42

    COMP AVG. RENT PER SQFT
Comps Range
$2,375
1$2,3752$2,4003$2,5254$2,6005$2,650
$2,650
RENT COMPS ANALYSIS
  • 6556 Primrose Place Rancho Cucamonga, CA 2
    • 4 beds 2 baths ∙ 1,693 Sqft ∙ Built 1985 4 beds 2 baths ∙ 1,693 Sqft ∙ Built 1985
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.42
    •  
  • 6678 Amersham Place Rancho Cucamonga, CA 1
    • 3 beds 2 baths ∙ 1,717 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,717 Sqft ∙ Built 2000
    property image
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,375
    • $1.38
    •  
  • 6607 Sevilla Place Rancho Cucamonga, CA 3
    • 4 beds 3 baths ∙ 1,806 Sqft ∙ Built 1986 4 beds 3 baths ∙ 1,806 Sqft ∙ Built 1986
    property image
    LEASED 09/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,525
    • $1.40
    •  
  • 6654 Cheshire Place Rancho Cucamonga, CA 4
    • 4 beds 3 baths ∙ 1,821 Sqft ∙ Built 2000 4 beds 3 baths ∙ 1,821 Sqft ∙ Built 2000
    property image
    LEASED 03/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.43
    •  
  • 6619 Pembroke Court Rancho Cucamonga, CA 5
    • 4 beds 3 baths ∙ 1,821 Sqft ∙ Built 2000 4 beds 3 baths ∙ 1,821 Sqft ∙ Built 2000
    property image
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.46
    •  
PROPERTY LISTING DETAILS
Diana Mendez
Better Homes And Gardens Real Estate Champions
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV21045067
Last Updated: 03/04/2021
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