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7511 Vista Montana Place Rancho Cucamonga, CA 91739

4 Beds 2 Baths 2,740 sqft Built 2002

$638,900

List Price

$2,840

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

October 29, 2020 RECENTLY ADDED
FACTS
  • Built In 2002
  • Price/Sqft : $233.18
  • 6 Days on Market
  • MLS # : CV20228276
  • Updated Date : 10/29/2020 at 17:20
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,740 sqft
  • Baths : 2 full
Listing Agent

Re/max Masters Realty

Listing Agent's Description

Absolutely beautiful Rancho Cucamonga home walking distance to Victoria Gardens. This one has it all including 4 bedrooms and a huge loft which can be used as a bonus room or possibly a 5the bedroom. Extremely light and spacious thru-out including the kitchen with lots of cabinet space and an island. Large family room with upgraded fireplace and custom shutters and a custom entertainment center. Formal dining room adjacent to the living room. Recently remodeled bathroom downstairs which is perfect for guests or live in. Huge master bedroom upstairs with an absolutely beautiful custom walk-in closet organization system. Lots and lots of upgrades including the laminate flooring and newer French doors leading to the backyard which has an outdoor Island containing a BBQ and refrigerator. Yard also has a lemon tree, palm trees, custom stonework, and a dog run. Inside laundry room and a spacious finished garage which has a brand-new motor for the door. Solar was purchased paid off, seller states the monthly dues are extremely low! There is even a small room under the stairwell which has been made into an interior dog home! Really the list goes on, hurry this won’t last.

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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: Etiwanda

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $149k750k

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

Neighborhood: Etiwanda

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q212001400160018002000220024002600280030003200Rent in $10823237

* 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
Perdew Elementary School Primary Regular 811 32 8
Etiwanda Intermediate School Middle Regular 1,305 51 8
Etiwanda High School High Regular 3,458 126 8

Perdew Elementary School

  • Education Level: Primary
  • # of students: 811
  • # of teachers: 32
8
GreatSchools Rating

Etiwanda Intermediate School

  • Education Level: Middle
  • # of students: 1,305
  • # of teachers: 51
8
GreatSchools Rating

Etiwanda High School

  • Education Level: High
  • # of students: 3,458
  • # of teachers: 126
8
GreatSchools Rating
 

$575,010$702,790$638,900

PURCHASE PRICE

$2,556$3,124$2,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,840
EXPENSES Loan Payment -$2,357
Property Tax -$679
Property Insurance -$94
Property Management Fees -$168
CASH FLOW
-$458

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.

$638,900

PROJECTED PRICE

$2,840

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 5.9%
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$175,059

INVESTMENT

$175,059

Down Payment
$159,725
Rehab Estimate
$5,750
Closing Costs
$9,584

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,357

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $159,725
Loan Amount $479,175
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$12,059

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,840

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $2,898

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$2,8403$2,9504$2,9505$3,200
$3,200
RENT COMPS ANALYSIS
  • 7511 Vista Montana Place Rancho Cucamonga, CA 2
    • 4 beds 2 baths ∙ 2,740 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,740 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,840
    • $1.04
    •  
  • 12936 Canopy Court Rancho Cucamonga, CA 1
    • 4 beds 3 baths ∙ 2,676 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,676 Sqft ∙ Built 2014
    property image
    LEASED 02/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.01
    •  
  • 12825 Silver Rose Court Rancho Cucamonga, CA 3
    • 5 beds 3 baths ∙ 2,809 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,809 Sqft ∙ Built 2005
    property image
    LEASED 05/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.05
    •  
  • 7573 Morning Crest Place Rancho Cucamonga, CA 4
    • 5 beds 3 baths ∙ 2,740 Sqft ∙ Built 2002 5 beds 3 baths ∙ 2,740 Sqft ∙ Built 2002
    property image
    LEASED 08/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.08
    •  
  • 12603 Chimney Rock Drive Rancho Cucamonga, CA 5
    • 5 beds 3 baths ∙ 2,935 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,935 Sqft ∙ Built 2004
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.09
    •  
PROPERTY LISTING DETAILS
Joy Cross
Re/max Masters Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20228276
Last Updated: 10/29/2020
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