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7415 Langham Place Rancho Cucamonga, CA 91730

3 Beds 3 Baths 1,248 sqft Built 1988

$550,000

List Price

$2,080

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 1988
  • Price/Sqft : $440.71
  • 3 Days on Market
  • MLS # : CV20230531
  • Updated Date : 11/01/2020 at 14:54
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,248 sqft
  • Baths : 2 full , 1 half
Listing Agent

Acuna & Co

Listing Agent's Description

Lovely 2 story home in a wonderful Rancho Cucamonga neighborhood. This home features 3 bedrooms, 2.5 bathrooms, with wood and tile flooring throughout. As you enter the home, you walk into your living room and dining area with fireplace and vaulted ceilings giving it an open feeling. Downstairs includes laundry, a half bathroom, and kitchen that opens to the living and dining areas. All bedrooms are upstairs, complete with master bedroom with walk in closet and private master bathroom. The low maintenance backyard area comes with a covered patio and above ground spa. This home comes with all appliances including refrigerator, washer and dryer, stove, and dishwasher. Located in a great area, within close proximity to shopping, convenience stores, and dining.

SEE MORE

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: Terra Vista

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $149k584k

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

Neighborhood: Terra Vista

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
Coyote Canyon Elementary School Primary Regular 771 31 8
Ruth Musser Middle School Middle Regular 976 39 7
Rancho Cucamonga High School High Regular 3,462 123 9

Coyote Canyon Elementary School

  • Education Level: Primary
  • # of students: 771
  • # of teachers: 31
8
GreatSchools Rating

Ruth Musser Middle School

  • Education Level: Middle
  • # of students: 976
  • # of teachers: 39
7
GreatSchools Rating

Rancho Cucamonga High School

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

$495,000$605,000$550,000

PURCHASE PRICE

$1,872$2,288$2,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,080
EXPENSES Loan Payment -$2,029
Property Tax -$592
Property Insurance -$57
Property Management Fees -$123
CASH FLOW
-$721

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.

$550,000

PROJECTED PRICE

$2,080

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 5.8%
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

PROJECTED ANNUAL CASH FLOW

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

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$151,500

INVESTMENT

$151,500

Down Payment
$137,500
Rehab Estimate
$5,750
Closing Costs
$8,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,029

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $137,500
Loan Amount $412,500
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$361

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,080

    LIST RENT
  • $1.67

    LIST RENT PER SQFT
  • $2,078

    COMP ESTIMATED VALUE
  • $1.66

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,0803$2,1004$2,3005$2,300
$2,300
RENT COMPS ANALYSIS
  • 7415 Langham Place Rancho Cucamonga, CA 2
    • 3 beds 3 baths ∙ 1,248 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,248 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $2,080
    • $1.67
    •  
  • 7301 Belpine Place Rancho Cucamonga, CA 1
    • 3 beds 3 baths ∙ 1,224 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,224 Sqft ∙ Built 1989
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.63
    •  
  • 7325 Belpine Place Rancho Cucamonga, CA 3
    • 3 beds 3 baths ∙ 1,224 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,224 Sqft ∙ Built 1989
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.72
    •  
  • 11216 Amarillo Street San Bernardino, CA 4
    • 3 beds 3 baths ∙ 1,380 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,380 Sqft ∙ Built 1988
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.67
    •  
  • 11210 Alencon Drive Rancho Cucamonga, CA 5
    • 3 beds 3 baths ∙ 1,403 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,403 Sqft ∙ Built 1988
    LEASED 07/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.64
    •  
PROPERTY LISTING DETAILS
Raul Acuna
Acuna & Co
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20230531
Last Updated: 11/01/2020
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