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7279 Cosenza Place Rancho Cucamonga, CA 91701

5 Beds 3 Baths 1,921 sqft Built 1994

$620,000

List Price

$2,870

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $322.75
  • 28 Days on Market
  • MLS # : CV21020807
  • Updated Date : 02/26/2021 at 13:05
CONSTRUCTION
  • Beds : 5
  • Floor Size : 1,921 sqft
  • Baths : 2 full , 1 half
Listing Agent

The Skye Group Inc.

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
Carleton P. Lightfoot Elementary School Primary Regular 608 25 9
Day Creek Intermediate School Middle Regular 1,256 49 10
Rancho Cucamonga High School High Regular 3,462 123 9

Carleton P. Lightfoot Elementary School

  • Education Level: Primary
  • # of students: 608
  • # of teachers: 25
9
GreatSchools Rating

Day Creek Intermediate School

  • Education Level: Middle
  • # of students: 1,256
  • # of teachers: 49
10
GreatSchools Rating

Rancho Cucamonga High School

  • Education Level: High
  • # of students: 3,462
  • # of teachers: 123
9
GreatSchools Rating
 

$558,000$682,000$620,000

PURCHASE PRICE

$2,583$3,157$2,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,870
EXPENSES Loan Payment -$2,153
Property Tax -$634
Property Insurance -$74
Property Management Fees -$169
CASH FLOW
-$161

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.

$620,000

PROJECTED PRICE

$2,870

PROJECTED RENT

0.46%

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$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$170,050

INVESTMENT

$170,050

Down Payment
$155,000
Rehab Estimate
$5,750
Closing Costs
$9,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% 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 $155,000
Loan Amount $465,000
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$26,049

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,870

    LIST RENT
  • $1.49

    LIST RENT PER SQFT
  • $2,896

    COMP ESTIMATED VALUE
  • $1.51

    COMP AVG. RENT PER SQFT
Comps Range
$2,390
1$2,3902$2,8003$2,8604$2,8705$2,890
$2,890
RENT COMPS ANALYSIS
  • 7279 Cosenza Place Rancho Cucamonga, CA 4
    • 5 beds 3 baths ∙ 1,921 Sqft ∙ Built 1994 5 beds 3 baths ∙ 1,921 Sqft ∙ Built 1994
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,870
    • $1.49
    •  
  • 7250 Altari Place Rancho Cucamonga, CA 1
    • 4 beds 3 baths ∙ 1,776 Sqft ∙ Built 1995 4 beds 3 baths ∙ 1,776 Sqft ∙ Built 1995
    property image
    LEASED 04/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,390
    • $1.35
    •  
  • 7070 Pizzoli Place Rancho Cucamonga, CA 2
    • 4 beds 3 baths ∙ 1,759 Sqft ∙ Built 1989 4 beds 3 baths ∙ 1,759 Sqft ∙ Built 1989
    property image
    LEASED 08/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.59
    •  
  • 11853 Manhattan Court Rancho Cucamonga, CA 3
    • 4 beds 3 baths ∙ 1,956 Sqft ∙ Built 1999 4 beds 3 baths ∙ 1,956 Sqft ∙ Built 1999
    property image
    LEASED 11/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,860
    • $1.46
    •  
  • 7271 Forenza Place Rancho Cucamonga, CA 5
    • 4 beds 3 baths ∙ 1,776 Sqft ∙ Built 1995 4 beds 3 baths ∙ 1,776 Sqft ∙ Built 1995
    property image
    LEASED 12/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,890
    • $1.63
    •  
PROPERTY LISTING DETAILS
Donna Quintana-nazir
The Skye Group Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21020807
Last Updated: 02/26/2021
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