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6782 Plum Way Rancho Cucamonga, CA 91739

3 Beds 2 Baths 1,013 sqft Built 1985

INVESTimate

$510,000

List Price

$2,060

$1,854 - $2,266

Rent Est.

$536,724  ( +5.24%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1985
  • Price/Sqft : $503.46
  • 7 Days on Market
  • MLS # : IV20170784
  • Updated Date : 08/23/2020 at 17:02
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,013 sqft
  • Baths : 2 full
Listing Agent

Monaco Realty

Listing Agent's Description

Excellent Location, Excellent Schools, Excellent Everything What more could a family envision? Adorable single story HOME located in the Victoria Windrows area. This HOME has it all. From the minute you park your car, and walk up to the front door, you will most invariably fall in LOVE and that's what the sellers imagined when they upgraded their home. The living room is inviting, with neutral color scheme, equipped with a Beautiful fireplace and Laminate wood flooring. The kitchen opens to the living room and has been completed updated, equipped with a center island , Brand new Farming 33 inch Sink,stainless steel appliances,recessed lighting, white cabinetry with Quartz counter tops and new back splash. The master bedroom is good sized with New tile flooring,vanity&sink this is a standup shower. The master bath has been remodeled new tile flooring, new vanity, lighting and toilet. Each of the two remaining bedrooms are good sized with Carpet flooring. The hall bath has been completely remodeled with new flooring, vanity, lighting and tiled walls.The backyard is an entertainer's dream. brand New Patio Deck sitting area with Nice outdoor furniture with New ceiling fans installed this is a Good size Backyard for all Family&Friends Gathering on this Summer Season. there is a Dog secured fence area. This HOME defines TURNKEY and all it needs is YOU and YOUR family to call it HOME. Don't delay! it 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
 

$459,000$561,000$510,000

PURCHASE PRICE

$1,854$2,266$2,060

RENT

DOWN PAYMENT
FINANCING

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,060
EXPENSES Loan Payment -$1,882
Property Tax -$573
Property Insurance -$52
Property Management Fees -$122
CASH FLOW
-$567

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.

$510,000

PROJECTED PRICE

$2,060

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 5.24%
Maintenance Year (1-5) 8.00%
Vacancy 5.35%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$140,900

INVESTMENT

$140,900

Down Payment
$127,500
Rehab Estimate
$5,750
Closing Costs
$7,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,882

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $127,500
Loan Amount $382,500
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,611

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,060

    LIST RENT
  • $2.03

    LIST RENT PER SQFT
  • $1,750

    COMP ESTIMATED VALUE
  • $1.73

    COMP AVG. RENT PER SQFT
Comps Range
$2,060
1$2,0602$2,1003$2,1004$2,2005$2,250
$2,250
RENT COMPS ANALYSIS
  • 6782 Plum Way Rancho Cucamonga, 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
    •  
    • $2,060
    • $2.03
    •  
  • 7313 Stonehaven Place Rancho Cucamonga, 2
    • 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
    •  
  • 11939 Hemlock Street Rancho Cucamonga, 3
    • 3 beds 2 baths ∙ 1,198 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,198 Sqft ∙ Built 1974
    property image
    LEASED 11/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.75
    •  
  • 12339 Sweetgum Drive Rancho Cucamonga, 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, 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
Deyli Garcia
Monaco Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV20170784
Last Updated: 08/23/2020
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