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6584 Elderberry Court Rancho Cucamonga, CA 91739

4 Beds 2 Baths 1,648 sqft Built 1985

$568,000

List Price

$2,420

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $344.66
  • 9 Days on Market
  • MLS # : TR20239636
  • Updated Date : 11/20/2020 at 14:50
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,648 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Premier Prop

Listing Agent's Description

Welcome home! This beautiful single story 4 bedroom 2 bathroom home is located on a cul-de-sac in a quiet community and has everything you could hope for in a home. Spacious living areas, high ceilings, updated bathrooms, large back yard, and pool!! The moment you step through the door you will feel at home. The spacious living room features a fireplace and open concept design to the dining area and easy access to the kitchen. This space is great for family gatherings and entertaining. Kitchen has plenty of cabinet and counter space for easy meal prepping. Walking down the hallway you will find an updated hall bathroom and three bedrooms, plus the master bedroom. The master bathroom has also been renovated and features dual sinks and a beautiful shower. The master bedroom overlooks the pool and has its own private sliding glass door to access the back yard. Now let's head out to the backyard! Covered patio and large backyard overlook the pool with a stack stone waterfall that adds an elegant touch to this already amazing space. Attached 2-car garage with overhead storage and indoor laundry room leading to the garage. Easy access to several major freeways including the 210 and 15. Conveniently located just minutes to great shopping and entertainment at Victoria Gardens. Hurry! This beautiful home will go fast!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$511,200$624,800$568,000

PURCHASE PRICE

$2,178$2,662$2,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,420
EXPENSES Loan Payment -$2,096
Property Tax -$608
Property Insurance -$67
Property Management Fees -$143
CASH FLOW
-$493

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.

$568,000

PROJECTED PRICE

$2,420

PROJECTED RENT

0.43%

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

PROJECTED ANNUAL CASH FLOW

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

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$156,270

INVESTMENT

$156,270

Down Payment
$142,000
Rehab Estimate
$5,750
Closing Costs
$8,520

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,096

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $142,000
Loan Amount $426,000
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$6,472

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,420

    LIST RENT
  • $1.47

    LIST RENT PER SQFT
  • $2,402

    COMP ESTIMATED VALUE
  • $1.46

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,3753$2,4004$2,4205$2,600
$2,600
RENT COMPS ANALYSIS
  • 6584 Elderberry Court Rancho Cucamonga, CA 4
    • 4 beds 2 baths ∙ 1,648 Sqft ∙ Built 1985 4 beds 2 baths ∙ 1,648 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $2,420
    • $1.47
    •  
  • 7100 Walcott Place Rancho Cucamonga, CA 1
    • 3 beds 2 baths ∙ 1,476 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,476 Sqft ∙ Built 1986
    LEASED 01/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.56
    •  
  • 6678 Amersham Place Rancho Cucamonga, CA 2
    • 3 beds 2 baths ∙ 1,717 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,717 Sqft ∙ Built 2000
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,375
    • $1.38
    •  
  • 12415 Buttercup Way Rancho Cucamonga, CA 3
    • 4 beds 2 baths ∙ 1,648 Sqft ∙ Built 1984 4 beds 2 baths ∙ 1,648 Sqft ∙ Built 1984
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.46
    •  
  • 6654 Cheshire Place Rancho Cucamonga, CA 5
    • 4 beds 3 baths ∙ 1,821 Sqft ∙ Built 2000 4 beds 3 baths ∙ 1,821 Sqft ∙ Built 2000
    LEASED 03/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.43
    •  
PROPERTY LISTING DETAILS
Carmenluz Vizcaino
Keller Williams Premier Prop
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: TR20239636
Last Updated: 11/20/2020
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