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7568 Classico Place Rancho Cucamonga, CA 91739

4 Beds 3 Baths 2,286 sqft Built 2001

INVESTimate

$559,990

List Price

$2,560

$2,310 - $2,810

Rent Est.

$593,253  ( +5.94%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2001
  • Price/Sqft : $244.97
  • 20 Days on Market
  • MLS # : CV20159225
  • Updated Date : 08/20/2020 at 12:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,286 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty Masters & Associates

Listing Agent's Description

Gorgeous home just walking distance to Victoria Gardens on a quiet cul-de-sac. Located in the highly acclaimed Etiwanda School District. The 2,286 square fee includes 4 bedrooms, all upstairs, and 2.5 bathrooms. You enter into the spacious formal living room with adjacent double door entry to a private office/den. Attractive hardwood floors throughout. Large family room opens to the upgraded kitchen and eating area. Kitchen features granite counter tops, refurbished cabinets, center island breakfast bar and stainless steel appliances. Convenient half bath powder room located downstairs with upgraded vanity and fixtures. All bathrooms beautifully upgraded. The laundry is also located off the kitchen and INCLUDES washer and dryer. As you go upstairs, you'll find a cozy nook that's perfect as a quiet reading space. Four upstairs bedrooms includes a large master bedroom with retreat area with doors. This space makes a great nursery or additional office space...use your imagination! Master bathroom off the master bedroom has dual sinks, private toilet, separate shower and tub and large walk in closet. Landscaped back yard has concrete patio, shed, fenced dog run and many fruit trees including orange, pomegranate, and fig. Two car garage has finished walls and laminate floors. 18 Solar Panel Array. NO HOA FEES and lower property tax rate-approximately 1.36%.

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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
 

$503,991$615,989$559,990

PURCHASE PRICE

$2,304$2,816$2,560

RENT

DOWN PAYMENT
FINANCING

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-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,560
EXPENSES Loan Payment -$2,066
Property Tax -$595
Property Insurance -$83
Property Management Fees -$151
CASH FLOW
-$335

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.

$559,990

PROJECTED PRICE

$2,560

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 5.94%
Maintenance Year (1-5) 8.00%
Vacancy 5.35%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$154,147

INVESTMENT

$154,147

Down Payment
$139,998
Rehab Estimate
$5,750
Closing Costs
$8,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,066

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $139,998
Loan Amount $419,993
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$14,319

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,560

    LIST RENT
  • $1.12

    LIST RENT PER SQFT
  • $2,577

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,5003$2,5604$2,6005$2,800
$2,800
RENT COMPS ANALYSIS
  • 7568 Classico Place Rancho Cucamonga, 3
    • 4 beds 3 baths ∙ 2,286 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,286 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,560
    • $1.12
    •  
  • 13218 Woodchase Court Rancho Cucamonga, 1
    • 3 beds 3 baths ∙ 2,302 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,302 Sqft ∙ Built 2001
    property image
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.09
    •  
  • 7404 Lawrence Place Fontana, 2
    • 5 beds 3 baths ∙ 2,268 Sqft ∙ Built 2000 5 beds 3 baths ∙ 2,268 Sqft ∙ Built 2000
    property image
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.10
    •  
  • 13120 Sylvaner Court Rancho Cucamonga, 4
    • 5 beds 3 baths ∙ 2,286 Sqft ∙ Built 2002 5 beds 3 baths ∙ 2,286 Sqft ∙ Built 2002
    property image
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.14
    •  
  • 13278 Cortez Court Rancho Cucamonga, 5
    • 4 beds 3 baths ∙ 2,379 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,379 Sqft ∙ Built 2013
    property image
    LEASED 08/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.18
    •  
PROPERTY LISTING DETAILS
Laura Kubik
Realty Masters & Associates
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20159225
Last Updated: 08/20/2020
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