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6830 Mango St Rancho Cucamonga, CA 91701

4 Beds 2 Baths 1,980 sqft Built 1983

$619,900

List Price

$2,620

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $313.08
  • 2 Days on Market
  • MLS # : IG21010145
  • Updated Date : 01/16/2021 at 11:08
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,980 sqft
  • Baths : 2 full
Listing Agent

Team Spirit Realty, Inc.

Listing Agent's Description

Beautiful Single Story Home located in a quiet Cul De Sac neighborhood, Very Clean Home, The Front yard is beautifully landscaped with artificial grass and natural grass. The Front and Back yard is Easy Maintenance, Lead you to the Welcoming upgrade beautiful front door, Tile entry, Open spacious and vaulted ceiling make you feel comfortable, Laminated wood floors through out except bathroom area, Ceiling Fans, The Kitchen open access to family room, Family room has a cozy fireplace, Large Family room makes your family enough space for entertain, The Kitchen counter top is upgrade tile and cabinets. Dining room has sliding door access to the large backyard, Covered Patio with two ceiling fans, Large Mater bedroom and master suite with French door makes you easy access to backyard. Recessed lightings, NO HOA, Nearby parks, shopping area(Victoria Gardens), close to freeways.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Rancho Cucamonga

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $149k597k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Rancho Cucamonga

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2110012001300140015001600170018001900200021002200230024002500Rent in $10822522

* 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
Victoria Groves Elementary School Primary Regular 534 21 8
Vineyard Junior High School Middle Regular 752 27 9
Los Osos High School High Regular 3,211 114 9

Victoria Groves Elementary School

  • Education Level: Primary
  • # of students: 534
  • # of teachers: 21
8
GreatSchools Rating

Vineyard Junior High School

  • Education Level: Middle
  • # of students: 752
  • # of teachers: 27
9
GreatSchools Rating

Los Osos High School

  • Education Level: High
  • # of students: 3,211
  • # of teachers: 114
9
GreatSchools Rating
 

$557,910$681,890$619,900

PURCHASE PRICE

$2,358$2,882$2,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,620
EXPENSES Loan Payment -$2,153
Property Tax -$610
Property Insurance -$75
Property Management Fees -$155
CASH FLOW
-$373

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.

$619,900

PROJECTED PRICE

$2,620

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$170,024

INVESTMENT

$170,024

Down Payment
$154,975
Rehab Estimate
$5,750
Closing Costs
$9,299

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,153

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $154,975
Loan Amount $464,925
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$11,914

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,620

    LIST RENT
  • $1.32

    LIST RENT PER SQFT
  • $2,876

    COMP ESTIMATED VALUE
  • $1.45

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,6203$2,6504$2,9005$2,900
$2,900
RENT COMPS ANALYSIS
  • 6830 Mango St Rancho Cucamonga, CA 2
    • 4 beds 2 baths ∙ 1,980 Sqft ∙ Built 1983 4 beds 2 baths ∙ 1,980 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $2,620
    • $1.32
    •  
  • 10901 Rollins Court Rancho Cucamonga, CA 1
    • 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
    •  
  • 6558 Bradford Court Rancho Cucamonga, CA 3
    • 3 beds 3 baths ∙ 1,829 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,829 Sqft ∙ Built 1994
    LEASED 08/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.45
    •  
  • 6856 Padova Court Rancho Cucamonga, CA 4
    • 4 beds 3 baths ∙ 2,039 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,039 Sqft ∙ Built 1989
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.42
    •  
  • 6235 Brandy Place Rancho Cucamonga, CA 5
    • 4 beds 3 baths ∙ 1,922 Sqft ∙ Built 1989 4 beds 3 baths ∙ 1,922 Sqft ∙ Built 1989
    LEASED 10/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.51
    •  
PROPERTY LISTING DETAILS
Esther Pae
Team Spirit Realty, Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IG21010145
Last Updated: 01/16/2021
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