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6640 Bougainvillea Court Rancho Cucamonga, CA 91739

3 Beds 2 Baths 1,013 sqft Built 1985

$529,900

List Price

$2,040

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $523.10
  • 3 Days on Market
  • MLS # : IG21009595
  • Updated Date : 01/15/2021 at 21:29
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,013 sqft
  • Baths : 2 full
Listing Agent

Executive Realty Inc.

Listing Agent's Description

Remodeled Stunner located in highly sought after Victoria Windrows Neighborhood! If you have been waiting for a perfect home in a perfect location, this home checks all the boxes! Nestled on Charming Tree Lined Culdesac with Majestic Mountain Views this home has been Remodeled and Upgraded Throughout. Over 75k in recent UPGRADES! This home is situated on large corner pool sized lot complete with drought tolerant "Putting Green" in back yard with plenty of room for kids and dogs to play on natural grass as well or to add a pool. Beautiful wood-look tile flows throughout the home which is both beautiful and low maintenance. The Beautifully Remodeled Kitchen is open to dining and family room and includes: All New Appliances, Quartz Island, Subway Tile Backsplash, High End Lighting & Fixtures ..In a word "Gorgeous"! The newly installed Barn door separates the hallway to family room. Both bathrooms have been upgraded with quartz counter tops and all new fixtures as well. Other improvements you will note are: Custom Trim on windows, Crown Molding, Remodeled Fireplace, Newer Designer Paint, New A/C installed 2020, New Roof installed 2016, Installed Block Wall Back Yard and Retaining Wall in Front Yard, Drywalled garage. All of the upgrades and heavy lifting has been done! EZ access to Freeways and Shopping at Victoria Gardens...NO HOA!

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
 

$476,910$582,890$529,900

PURCHASE PRICE

$1,836$2,244$2,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,040
EXPENSES Loan Payment -$1,841
Property Tax -$556
Property Insurance -$52
Property Management Fees -$120
CASH FLOW
-$529

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.

$529,900

PROJECTED PRICE

$2,040

PROJECTED RENT

0.38%

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$146,174

INVESTMENT

$146,174

Down Payment
$132,475
Rehab Estimate
$5,750
Closing Costs
$7,949

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,841

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $132,475
Loan Amount $397,425
See What Happens When You Reinvest Cash Flow

0.92

YEARS SAVED

$1,891

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,040

    LIST RENT
  • $2.01

    LIST RENT PER SQFT
  • $1,760

    COMP ESTIMATED VALUE
  • $1.74

    COMP AVG. RENT PER SQFT
Comps Range
$2,040
1$2,0402$2,1003$2,1004$2,2005$2,250
$2,250
RENT COMPS ANALYSIS
  • 6640 Bougainvillea Court Rancho Cucamonga, CA 1
    • 3 beds 2 baths ∙ 1,013 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,013 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $2,040
    • $2.01
    •  
  • 11478 Pikes Peak Court Rancho Cucamonga, CA 2
    • 3 beds 2 baths ∙ 1,172 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,172 Sqft ∙ Built 1987
    LEASED 09/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.79
    •  
  • 7313 Stonehaven Place Rancho Cucamonga, CA 3
    • 3 beds 3 baths ∙ 1,248 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,248 Sqft ∙ Built 1994
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.68
    •  
  • 12339 Sweetgum Drive Rancho Cucamonga, CA 4
    • 3 beds 2 baths ∙ 1,282 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,282 Sqft ∙ Built 1984
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.72
    •  
  • 12428 Lily Court Rancho Cucamonga, CA 5
    • 3 beds 3 baths ∙ 1,280 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,280 Sqft ∙ Built 1986
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.76
    •  
PROPERTY LISTING DETAILS
Julie Connelly
Executive Realty Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IG21009595
Last Updated: 01/15/2021
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