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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!
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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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Victoria
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$156,270
LOAN DETAILS
$2,096
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $142,000 |
| Loan Amount | $426,000 |
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
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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
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- $2,400
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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
Keller Williams Premier Prop
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: TR20239636
Last Updated: 11/20/2020
