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6749 Peach Place Rancho Cucamonga, CA 91739

3 Beds 2 Baths 1,013 sqft Built 1985

$479,999

List Price

$1,860

$1.7K - $2K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1985
  • Price/Sqft : $473.84
  • 5 Days on Market
  • MLS # : IV20229242
  • Updated Date : 11/01/2020 at 14:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,013 sqft
  • Baths : 2 full
Listing Agent

All Nations Realty & Invs

Listing Agent's Description

Charming updated home in central Rancho Cucamonga! This property is move-in ready with tons of updates and upgrades from top to bottom. On the exterior it is new paint, garage door, roof, fencing/gate and windows. On the inside there is new attic insulation, paint, carpet/flooring and much more! The living room is an open and airy space with lots of light and new flooring. The kitchen is completely updated with beautiful dove grey cabinets and quartz counter tops, stainless appliances and sink. The adjacent dining space has a slider to the large backyard. There are 2 secondary bedrooms and a guest bath that has been updated with new vanity, flooring and fixtures. The front bedroom has an exterior door and the second has built in shelving that could accommodate and office or dressing area. The master bedroom has a large closet and sliding door for backyard access. The attached bath has been updated as well with new vanity and fixtures and flooring. The yards are blank slates! You could install sod or go drought resistant with a desert landscape. The back yard is a pool sized lot and the possibilities are endless! It just needs your imagination. Centrally located in a highly desirable neighborhood of Rancho, this home is close to everything. Schools, parks and the Pacific Electric trail are a short walk. Easy freeway access to the 210/15/10. Shopping at Victoria Gardens and Ontario Mills, and local grocery stores. This home has everything but you! This one won’t last.

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: 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
 

$431,999$527,999$479,999

PURCHASE PRICE

$1,674$2,046$1,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,860
EXPENSES Loan Payment -$1,771
Property Tax -$539
Property Insurance -$52
Property Management Fees -$110
CASH FLOW
-$611

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.

$479,999

PROJECTED PRICE

$1,860

PROJECTED RENT

0.39%

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

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$132,950

INVESTMENT

$132,950

Down Payment
$120,000
Rehab Estimate
$5,750
Closing Costs
$7,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,771

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $120,000
Loan Amount $359,999
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$441

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,860

    LIST RENT
  • $1.84

    LIST RENT PER SQFT
  • $1,760

    COMP ESTIMATED VALUE
  • $1.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,860
1$1,8602$2,1003$2,1004$2,2005$2,250
$2,250
RENT COMPS ANALYSIS
  • 6749 Peach Place Rancho Cucamonga, CA 1
    • 3 beds 2 baths ∙ 1,013 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,013 Sqft ∙ Built 1985
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,860
    • $1.84
    •  
  • 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
    property image
    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
    property image
    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
    property image
    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
    property image
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.76
    •  
PROPERTY LISTING DETAILS
Todd Mcdonagh
All Nations Realty & Invs
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV20229242
Last Updated: 11/01/2020
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