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PROPERTY INFO
FACTS
- Single Family
- Built In 1986
- Price/Sqft : $321.10
- 21 Days on Market
- MLS # : CV21021289
- Updated Date : 02/19/2021 at 14:50
CONSTRUCTION
- Beds : 4
- Floor Size : 1,806 sqft
- Baths : 2 full , 1 half
Listing Agent
Berkshire Hath Hm Svcs Ca Prop
Listing Agent's Description
Fabulous Community of Victoria Windrows. Great cul-de-sac location on prime flat and private lot. Traditional family home with formal living/ dining room combo. Family room off the kitchen has fireplace and access to alumna wood covered patio area. Four bedrooms upstairs including the master bedroom with walk-in closet, elegant bathroom quarters and separate vanity station. The vaulted ceilings give a bright and open feel. Newer solar panels, newer windows, newly papered roof and newer HVAC system. Laminate wood flooring and creamy color carpet accents the neutral de-core. Private backyard has covered patio, waterfall feature, auto sprinklers and mountain views. Close to Victoria Gardens. Great neighbors. AWARD WINNING SCHOOLS.
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MARKET HIGHLIGHTS
- 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.
- 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)
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 | $2,510 |
| EXPENSES | Loan Payment | -$2,014 |
| Property Tax | -$590 | |
| Property Insurance | -$71 | |
| Property Management Fees | -$148 | |
|
CASH FLOW
-$313
|
||
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.
$579,900
PROJECTED PRICE
$2,510
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
$159,424
LOAN DETAILS
$2,014
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $144,975 |
| Loan Amount | $434,925 |
2.83
YEARS SAVED
$13,079
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,510
LIST RENT -
$1.39
LIST RENT PER SQFT
-
$2,605
COMP ESTIMATED VALUE -
$1.44
COMP AVG. RENT PER SQFT
Comps Range
-
6678 Santolina Place Rancho Cucamonga, CA 2
- 4 beds 3 baths ∙ 1,806 Sqft ∙ Built 1986 4 beds 3 baths ∙ 1,806 Sqft ∙ Built 1986
![property image]()
- Rent
- Rent Per SQFT
- $2,510
- $1.39
-
6678 Amersham Place Rancho Cucamonga, CA 1
- 3 beds 2 baths ∙ 1,717 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,717 Sqft ∙ Built 2000
![property image]()
LEASED 06/02/20- Rent
- Rent Per SQFT
- $2,375
- $1.38
-
6607 Sevilla Place Rancho Cucamonga, CA 3
- 4 beds 3 baths ∙ 1,806 Sqft ∙ Built 1986 4 beds 3 baths ∙ 1,806 Sqft ∙ Built 1986
![property image]()
LEASED 09/05/20- Rent
- Rent Per SQFT
- $2,525
- $1.40
-
6611 Pembroke Court Rancho Cucamonga, CA 4
- 4 beds 3 baths ∙ 2,000 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,000 Sqft ∙ Built 2000
![property image]()
LEASED 10/01/20- Rent
- Rent Per SQFT
- $2,900
- $1.45
-
6567 Redbud Place Rancho Cucamonga, CA 5
- 4 beds 3 baths ∙ 1,946 Sqft ∙ Built 1985 4 beds 3 baths ∙ 1,946 Sqft ∙ Built 1985
![property image]()
LEASED 07/18/20- Rent
- Rent Per SQFT
- $3,000
- $1.54
PROPERTY LISTING DETAILS
Berkshire Hath Hm Svcs Ca Prop
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: CV21021289
Last Updated: 02/19/2021
