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7040 Stanislaus Place Rancho Cucamonga, CA 91701

4 Beds 3 Baths 2,053 sqft Built 1988

$675,000

List Price

$2,690

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $328.79
  • 3 Days on Market
  • MLS # : CV20254913
  • Updated Date : 12/12/2020 at 17:05
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,053 sqft
  • Baths : 3 full
Listing Agent

Coldwell Banker Blackstone Rty

Listing Agent's Description

Picture yourself in a perfect neighborhood of Rancho Cucamonga. Within walking distance to the Pacific Electric Trail & Central Park for biking and walking and in the highly sought after Los Osos school district, you could not ask for a better location. Located on a spacious corner lot, your home has custom touches throughout that make this house you will be so proud to call “home”. Your home features 4 bedrooms & 3 full bathrooms with one full bed and bath downstairs, ideal for a mother in law quarters, private home office, & flexible enough to accommodate your needs. Your open floor plan is accented by high ceilings immediately noticed upon entry with brand new hard surface floors below. The family room ambiance is heightened with a wood burning fireplace, and the living room is complimented perfectly by a second along with tons of natural light beaming throughout. Your kitchen space has custom cabinetry with all the bells & whistles such as pull out shelving, lazy susan, & built in trash storage. Your backyard is a quiet oasis, adorned with a newly tiled pool & spa, even the touch of an umbrella and sitting space near the shallow end of the pool. And a built in bbq nearby make the backyard perfect for entertaining or enjoying relaxing days at home. Original owners, the first time this has been on the market, this is a rare upgraded gem in Rancho Cucamonga. Low tax rate, in a great school district, close to restaurants, shopping, as well as quick access to the 210 freeway.

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

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
 

$607,500$742,500$675,000

PURCHASE PRICE

$2,421$2,959$2,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,690
EXPENSES Loan Payment -$2,490
Property Tax -$664
Property Insurance -$77
Property Management Fees -$159
CASH FLOW
-$700

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.

$675,000

PROJECTED PRICE

$2,690

PROJECTED RENT

0.40%

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$500k$1.0M$1.5M$2.0M

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$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$184,625

INVESTMENT

$184,625

Down Payment
$168,750
Rehab Estimate
$5,750
Closing Costs
$10,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,490

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $168,750
Loan Amount $506,250
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$3,788

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,690

    LIST RENT
  • $1.31

    LIST RENT PER SQFT
  • $2,772

    COMP ESTIMATED VALUE
  • $1.35

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,6903$2,7004$2,8805$2,900
$2,900
RENT COMPS ANALYSIS
  • 7040 Stanislaus Place Rancho Cucamonga, CA 2
    • 4 beds 3 baths ∙ 2,053 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,053 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $2,690
    • $1.31
    •  
  • 6872 Palermo Place Rancho Cucamonga, CA 1
    • 4 beds 3 baths ∙ 2,039 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,039 Sqft ∙ Built 1989
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.28
    •  
  • 7250 Venosa Place Rancho Cucamonga, CA 3
    • 4 beds 3 baths ∙ 1,963 Sqft ∙ Built 1995 4 beds 3 baths ∙ 1,963 Sqft ∙ Built 1995
    LEASED 08/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.38
    •  
  • 11457 Genova Road Rancho Cucamonga, CA 4
    • 4 beds 3 baths ∙ 2,186 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,186 Sqft ∙ Built 1989
    LEASED 08/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,880
    • $1.32
    •  
  • 6856 Padova Court Rancho Cucamonga, CA 5
    • 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
    •  
PROPERTY LISTING DETAILS
Serena Dobbie
Coldwell Banker Blackstone Rty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20254913
Last Updated: 12/12/2020
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