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6799 Lotus Court Rancho Cucamonga, CA 91739

3 Beds 2 Baths 1,475 sqft Built 1985

$549,000

List Price

$2,240

$2K - $2.5K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $372.20
  • 4 Days on Market
  • MLS # : CV20238249
  • Updated Date : 11/13/2020 at 06:05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,475 sqft
  • Baths : 2 full
Listing Agent

Mainstreet Realtors

Listing Agent's Description

This beautiful 3 bed 2 bath single story home is nestled in the highly desired Victoria Windrows Community and Etiwanda School District, right in the heart of Rancho Cucamonga! You will be just minutes from Victoria Garden’s Mall, full of shopping and restaurants. Your future home is situated right at the end of a cut de sac, and shares a property line directly with Windrows Park! From your front yard you can watch your kids walk to Windrows Elementary, play ball at one of the 2 community fields and basketball court, or enjoy the playground at the park. There is even a daycare within walking distance! The home itself features fresh paint, new carpet, granite countertops, and a giant master suite! This master suite is large enough not only for a home office, but has plenty of room for a workout space as well. Enjoy direct access to your beautifully landscaped backyard from your master suite, and take in the breathtaking mountain and park views. There are endless features to fall in love with in this home. From the recessed lighting, brick fireplace, bedroom ceiling fans, updated interior, but nothing beats its location. Homes like this don’t come on the market everyday! Don’t let it pass you by!

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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
 

$494,100$603,900$549,000

PURCHASE PRICE

$2,016$2,464$2,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,240
EXPENSES Loan Payment -$2,026
Property Tax -$616
Property Insurance -$63
Property Management Fees -$132
CASH FLOW
-$597

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.

$549,000

PROJECTED PRICE

$2,240

PROJECTED RENT

0.41%

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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,235

INVESTMENT

$151,235

Down Payment
$137,250
Rehab Estimate
$5,750
Closing Costs
$8,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,026

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $137,250
Loan Amount $411,750
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,977

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,240

    LIST RENT
  • $1.52

    LIST RENT PER SQFT
  • $2,257

    COMP ESTIMATED VALUE
  • $1.53

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2403$2,3004$2,4005$2,400
$2,400
RENT COMPS ANALYSIS
  • 6799 Lotus Court Rancho Cucamonga, CA 2
    • 3 beds 2 baths ∙ 1,475 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,475 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $2,240
    • $1.52
    •  
  • 12708 Farrington Street Rancho Cucamonga, CA 1
    • 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 1986
    LEASED 11/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.55
    •  
  • 7100 Walcott Place Rancho Cucamonga, CA 3
    • 3 beds 2 baths ∙ 1,476 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,476 Sqft ∙ Built 1986
    LEASED 01/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.56
    •  
  • 7331 Shelby Place Rancho Cucamonga, CA 4
    • 3 beds 3 baths ∙ 1,549 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,549 Sqft ∙ Built 2004
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.55
    •  
  • 12415 Buttercup Way Rancho Cucamonga, CA 5
    • 4 beds 2 baths ∙ 1,648 Sqft ∙ Built 1984 4 beds 2 baths ∙ 1,648 Sqft ∙ Built 1984
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.46
    •  
PROPERTY LISTING DETAILS
Christopher Fox
Mainstreet Realtors
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20238249
Last Updated: 11/13/2020
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