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PROPERTY INFO
FACTS
- Single Family
- Built In 1987
- Price/Sqft : $344.85
- 6 Days on Market
- MLS # : SW20263759
- Updated Date : 01/01/2021 at 10:45
CONSTRUCTION
- Beds : 4
- Floor Size : 1,853 sqft
- Baths : 3 full
Listing Agent
Rancon Real Estate-murrieta
Listing Agent's Description
This STUNNING Pool home nestled in the heart of Rancho Cucamonga will not disappoint! Home is centrally located in a beautifully well established neighborhood with mature landscaping and pride of ownership. Current owners have done an amazing remodel making this an entertainers paradise. Designer kitchen overlooking the sitting/dining room area where you can enjoy the comfort of the fireplace ambiance as well as the outdoor and pool views. Large master bedroom offers mountain and pool views. Bathroom has been fully remodeled with a large soaking tub and new separate shower. There is plenty of storage throughout and floorplan is spacious. There is a bedroom and a bathroom downstairs as well as indoor laundry room. Your backyard haven is awesome, you will see what I mean if you get here quickly. Owner just finished the most amazing deck above the outdoor patio where you can enjoy the views of the mountains and the stars. It is not an ordinary little deck, it is top notch!! Yard also has a nice sized grassy area with fruit trees and shade, sitting area and plenty of entertaining area for you to sit outdoors while watching the game, listening to music and enjoying “those stay at home” BBQs and enjoying your refreshing pool and spa. Also, there is RV parking and a 3 car garage making this a perfect home. Oh, did I forget to mention that this home has solar, PAID for SOLAR!!! Oh, and no HOA. "Please follow all guidelines pertaining to Cov19 regulations”.
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MARKET HIGHLIGHTS
- 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.
- 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)
PRICE & RENT TRENDS
Neighborhood: Rancho Cucamonga
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Rancho Cucamonga
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,720 |
| EXPENSES | Loan Payment | -$2,358 |
| Property Tax | -$629 | |
| Property Insurance | -$72 | |
| Property Management Fees | -$160 | |
|
CASH FLOW
-$499
|
||
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.
$639,000
PROJECTED PRICE
$2,720
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$175,085
LOAN DETAILS
$2,358
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $159,750 |
| Loan Amount | $479,250 |
2.08
YEARS SAVED
$10,251
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,720
LIST RENT -
$1.47
LIST RENT PER SQFT
-
$2,701
COMP ESTIMATED VALUE -
$1.46
COMP AVG. RENT PER SQFT
Comps Range
-
6744 Tehama Place Rancho Cucamonga, CA 5
- 4 beds 3 baths ∙ 1,853 Sqft ∙ Built 1987 4 beds 3 baths ∙ 1,853 Sqft ∙ Built 1987
- Rent
- Rent Per SQFT
- $2,720
- $1.47
-
11037 Malone Street Rancho Cucamonga, CA 1
- 4 beds 3 baths ∙ 1,672 Sqft ∙ Built 1988 4 beds 3 baths ∙ 1,672 Sqft ∙ Built 1988
LEASED 01/01/20- Rent
- Rent Per SQFT
- $2,450
- $1.47
-
11191 Delaware Street Rancho Cucamonga, CA 2
- 4 beds 3 baths ∙ 1,653 Sqft ∙ Built 1988 4 beds 3 baths ∙ 1,653 Sqft ∙ Built 1988
LEASED 02/04/20- Rent
- Rent Per SQFT
- $2,450
- $1.48
-
11243 Brown Drive Rancho Cucamonga, CA 3
- 3 beds 2 baths ∙ 1,689 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,689 Sqft ∙ Built 1989
LEASED 04/16/20- Rent
- Rent Per SQFT
- $2,450
- $1.45
-
10901 Rollins Court Rancho Cucamonga, CA 4
- 4 beds 3 baths ∙ 1,820 Sqft ∙ Built 1987 4 beds 3 baths ∙ 1,820 Sqft ∙ Built 1987
LEASED 03/12/20- Rent
- Rent Per SQFT
- $2,600
- $1.43
PROPERTY LISTING DETAILS
Rancon Real Estate-murrieta
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: SW20263759
Last Updated: 01/01/2021
