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6630 Amberwood Drive Rancho Cucamonga, CA 91701

4 Beds 2 Baths 1,586 sqft Built 1978

$569,900

List Price

$2,360

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

December 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $359.33
  • 7 Days on Market
  • MLS # : CV20255333
  • Updated Date : 12/14/2020 at 17:58
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,586 sqft
  • Baths : 2 full
Listing Agent

Century 21 King

Listing Agent's Description

Welcome Home! Come and take a look at this beautiful 4 bedroom, 2 bath single story that is ready for you to move right in! Enter through the beautiful craftsman style custom door onto a lovely tile entry. Step into the large living room accented with a charming stacked stone fireplace. You'll love the remodeled kitchen complete with granite counters, breakfast bar, stainless steel appliances and gorgeous wood cabinetry which adjoins the dining area all with tile flooring. The master bath has been remodeled with a beautiful wood vanity, dual sinks and granite countertop. There are 3 additional bedrooms, 2 with laminate wood flooring and all with ceiling fans. The large second bathroom has also been remodeled with dual sinks and granite countertop. You'll enjoy spending time in the rear yard with a large patio, beautiful lawn area and a relaxing spa. There's a huge custom shed for additional storage. Located on a large lot with loads of curb appeal, RV parking and block walls for extra privacy. You'll definitely want to see this one!

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: 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
Jasper Elementary School Primary Regular 515 20 7
Alta Loma Junior High School Middle Regular 658 24 7
Alta Loma High School High Regular 2,648 100 8

Jasper Elementary School

  • Education Level: Primary
  • # of students: 515
  • # of teachers: 20
7
GreatSchools Rating

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
 

$512,910$626,890$569,900

PURCHASE PRICE

$2,124$2,596$2,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,360
EXPENSES Loan Payment -$2,103
Property Tax -$544
Property Insurance -$66
Property Management Fees -$139
CASH FLOW
-$492

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.

$569,900

PROJECTED PRICE

$2,360

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$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$156,774

INVESTMENT

$156,774

Down Payment
$142,475
Rehab Estimate
$5,750
Closing Costs
$8,549

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,103

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $142,475
Loan Amount $427,425
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$6,992

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,360

    LIST RENT
  • $1.49

    LIST RENT PER SQFT
  • $2,502

    COMP ESTIMATED VALUE
  • $1.58

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,3603$2,4004$2,5005$2,500
$2,500
RENT COMPS ANALYSIS
  • 6630 Amberwood Drive Rancho Cucamonga, CA 2
    • 4 beds 2 baths ∙ 1,586 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,586 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $2,360
    • $1.49
    •  
  • 8934 Sage Court Rancho Cucamonga, CA 1
    • 3 beds 3 baths ∙ 1,440 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,440 Sqft ∙ Built 1986
    LEASED 03/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.60
    •  
  • 8953 Avalon Street Rancho Cucamonga, CA 3
    • 3 beds 3 baths ∙ 1,440 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,440 Sqft ∙ Built 1985
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.67
    •  
  • 8806 Holly Street Rancho Cucamonga, CA 4
    • 4 beds 2 baths ∙ 1,599 Sqft ∙ Built 1970 4 beds 2 baths ∙ 1,599 Sqft ∙ Built 1970
    LEASED 02/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.56
    •  
  • 8984 Sage Drive Rancho Cucamonga, CA 5
    • 4 beds 3 baths ∙ 1,688 Sqft ∙ Built 1986 4 beds 3 baths ∙ 1,688 Sqft ∙ Built 1986
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.48
    •  
PROPERTY LISTING DETAILS
Sharon Eagan
Century 21 King
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20255333
Last Updated: 12/14/2020
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