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PROPERTY INFO
FACTS
- Single Family
- Built In 1994
- Price/Sqft : $364.79
- 6 Days on Market
- MLS # : CV21006549
- Updated Date : 01/16/2021 at 11:17
CONSTRUCTION
- Beds : 3
- Floor Size : 1,494 sqft
- Baths : 2 full , 1 half
Listing Agent
Sevyn & Co.
Listing Agent's Description
Coming soon is this cozy 3 bedroom 2.5 bath two story home located just south of Rancho Cucamonga High School in the Vintage Park Community. This quant home has a living room with vaulted ceilings w/ fireplace and dining room with breakfast area on nearly 1500 sq. ft. of living space. It has a recently remodeled kitchen with granite countertops and stainless steel appliances. It also boasts 3 spacious bedrooms including a master bedroom w/ dual sinks and separate shower and bathtub. This home will have new paint throughout with white trim, new flooring in carpeted areas and laminate wood flooring throughout the rest of the home. It also has a wood deck and roomy backyard with plenty of room for kids and pets to run around, you can chill and grill during the game or just sit hang out and relax with the family. This gorgeous home is also within minutes of the Victoria Gardens Mall, various shopping centers, parks, 210,15,10 freeways and resides within a distinguished school District. This home may not last long.
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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: Victoria
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Victoria
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,160 |
| EXPENSES | Loan Payment | -$1,893 |
| Property Tax | -$558 | |
| Property Insurance | -$63 | |
| Property Management Fees | -$127 | |
|
CASH FLOW
-$481
|
||
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.
$545,000
PROJECTED PRICE
$2,160
PROJECTED RENT
0.40%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$150,175
LOAN DETAILS
$1,893
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $136,250 |
| Loan Amount | $408,750 |
1.33
YEARS SAVED
$3,785
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,160
LIST RENT -
$1.45
LIST RENT PER SQFT
-
$2,252
COMP ESTIMATED VALUE -
$1.51
COMP AVG. RENT PER SQFT
Comps Range
-
7209 Trivento Place Rancho Cucamonga, CA 2
- 3 beds 3 baths ∙ 1,494 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,494 Sqft ∙ Built 1994
![property image]()
- Rent
- Rent Per SQFT
- $2,160
- $1.45
-
7089 Pozallo Place Alta Loma, CA 1
- 3 beds 3 baths ∙ 1,418 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,418 Sqft ∙ Built 1989
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LEASED 05/08/20- Rent
- Rent Per SQFT
- $2,095
- $1.48
-
7674 Continental Rancho Cucamonga, CA 3
- 3 beds 3 baths ∙ 1,500 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,500 Sqft ∙ Built 1999
![property image]()
LEASED 08/24/20- Rent
- Rent Per SQFT
- $2,250
- $1.50
-
11868 Garrison Drive Rancho Cucamonga, CA 4
- 3 beds 3 baths ∙ 1,500 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,500 Sqft ∙ Built 1999
![property image]()
LEASED 06/12/20- Rent
- Rent Per SQFT
- $2,300
- $1.53
-
12212 Chantrelle Drive Rancho Cucamonga, CA 5
- 3 beds 2 baths ∙ 1,650 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,650 Sqft ∙ Built 2004
![property image]()
LEASED 06/29/20- Rent
- Rent Per SQFT
- $2,500
- $1.52
PROPERTY LISTING DETAILS
Sevyn & Co.
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: CV21006549
Last Updated: 01/16/2021
