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6652 San Benito Avenue Rancho Cucamonga, CA 91701

4 Beds 3 Baths 1,895 sqft Built 1988

$669,990

List Price

$2,790

$2.5K - $3K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $353.56
  • 5 Days on Market
  • MLS # : 21676926
  • Updated Date : 01/08/2021 at 21:57
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,895 sqft
  • Baths : 3 full
Listing Agent

Venus Louviere, Broker

Listing Agent's Description

Located in a very desirable area of Rancho Cucamonga, close to the freeway , shopping centers & schools this 4 BR 3 BA home is ready to occupy! Enter through the wrought iron security gates to a serene patio area with a tranquil water fountain. Inside features polished hardwood floors in the living room, stainless steel kitchen appliances, with a brand new stainless steel dishwasher, open fireplace in the family room, which opens out to the large fenced pool and spa area. Upstairs features a large master suite with panoramic views of Mt Baldy from the newly built balcony last year. Along the carpeted hallway there are 2 bedrooms with a full bath. Downstairs room may be used as 4th bedroom , office or Den & has a full bathroom. Pass through the laundry room to the 2-car garage with plenty of storage. The air conditioning unit was replaced last year. A truly delightful home that won't last long!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Neighborhood: Rancho Cucamonga

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $149k597k

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

Neighborhood: Rancho Cucamonga

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2110012001300140015001600170018001900200021002200230024002500Rent in $10822522

* 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
Banyan Elementary School Primary Regular 631 24 9
Banyan Elementary School Middle Regular 631 24 9
Los Osos High School High Regular 3,211 114 9

Banyan Elementary School

  • Education Level: Primary
  • # of students: 631
  • # of teachers: 24
9
GreatSchools Rating

Banyan Elementary School

  • Education Level: Middle
  • # of students: 631
  • # of teachers: 24
9
GreatSchools Rating

Los Osos High School

  • Education Level: High
  • # of students: 3,211
  • # of teachers: 114
9
GreatSchools Rating
 

$602,991$736,989$669,990

PURCHASE PRICE

$2,511$3,069$2,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,790
EXPENSES Loan Payment -$2,327
Property Tax -$659
Property Insurance -$73
Property Management Fees -$165
CASH FLOW
-$434

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.

$669,990

PROJECTED PRICE

$2,790

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 6.7%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$183,297

INVESTMENT

$183,297

Down Payment
$167,498
Rehab Estimate
$5,750
Closing Costs
$10,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,327

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $167,498
Loan Amount $502,493
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$11,448

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,790

    LIST RENT
  • $1.47

    LIST RENT PER SQFT
  • $2,776

    COMP ESTIMATED VALUE
  • $1.46

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,6503$2,7904$2,9005$3,000
$3,000
RENT COMPS ANALYSIS
  • 6652 San Benito Avenue Rancho Cucamonga, CA 3
    • 4 beds 3 baths ∙ 1,895 Sqft ∙ Built 1988 4 beds 3 baths ∙ 1,895 Sqft ∙ Built 1988
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,790
    • $1.47
    •  
  • 10901 Rollins Court Rancho Cucamonga, CA 1
    • 4 beds 3 baths ∙ 1,820 Sqft ∙ Built 1987 4 beds 3 baths ∙ 1,820 Sqft ∙ Built 1987
    property image
    LEASED 03/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.43
    •  
  • 6558 Bradford Court Rancho Cucamonga, CA 2
    • 3 beds 3 baths ∙ 1,829 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,829 Sqft ∙ Built 1994
    property image
    LEASED 08/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.45
    •  
  • 6856 Padova Court Rancho Cucamonga, CA 4
    • 4 beds 3 baths ∙ 2,039 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,039 Sqft ∙ Built 1989
    property image
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.42
    •  
  • 10778 Zinfandel Street Rancho Cucamonga, CA 5
    • 4 beds 3 baths ∙ 1,922 Sqft ∙ Built 1989 4 beds 3 baths ∙ 1,922 Sqft ∙ Built 1989
    property image
    LEASED 01/07/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.56
    •  
PROPERTY LISTING DETAILS
Peter Smyth
Venus Louviere, Broker
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: 21676926
Last Updated: 01/08/2021
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