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7610 Windsong Place Rancho Cucamonga, CA 91730

3 Beds 2 Baths 1,186 sqft Built 1986

$490,000

List Price

$2,180

$2K - $2.4K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $413.15
  • 5 Days on Market
  • MLS # : IV21017891
  • Updated Date : 01/28/2021 at 16:28
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,186 sqft
  • Baths : 2 full
Listing Agent

Crest Sotheby's International Realty

Listing Agent's Description

One story on corner lot! So much potential in this darling house. Original owner, built in 1986. Great floorplan, vaulted ceilings and large living room area, give it great space. 1186 Sq Ft and 3 bedrooms and 2 baths. Cozy kitchen with breakfast nook and 3 year old appliances. Fireplace in front room. Bedrooms are a good size. Established neighborhood. Drought resistant and water saving landscaping. Nice wood patio and quality fencing in back yard. Priced to sell. Save on electric bill with solar at less than $100 per month. This home comes with all appliances including refrigerator, washer and dryer. Located in an excellent neighborhood area, within close proximity to shopping, convenience stores, and dining and walking distance to schools. Low Taxes and NO HOA!

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

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
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

Rancho Cucamonga High School

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

$441,000$539,000$490,000

PURCHASE PRICE

$1,962$2,398$2,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,180
EXPENSES Loan Payment -$1,702
Property Tax -$527
Property Insurance -$56
Property Management Fees -$129
CASH FLOW
-$234

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.

$490,000

PROJECTED PRICE

$2,180

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$135,600

INVESTMENT

$135,600

Down Payment
$122,500
Rehab Estimate
$5,750
Closing Costs
$7,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,702

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $122,500
Loan Amount $367,500
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$12,679

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,180

    LIST RENT
  • $1.84

    LIST RENT PER SQFT
  • $1,984

    COMP ESTIMATED VALUE
  • $1.67

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,1003$2,1004$2,1805$2,300
$2,300
RENT COMPS ANALYSIS
  • 7610 Windsong Place Rancho Cucamonga, CA 4
    • 3 beds 2 baths ∙ 1,186 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,186 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $2,180
    • $1.84
    •  
  • 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 2
    • 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
    •  
  • 7339 Ambrosia Road Rancho Cucamonga, CA 3
    • 3 beds 2 baths ∙ 1,218 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,218 Sqft ∙ Built 1984
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.72
    •  
  • 10596 Evergreen Drive Rancho Cucamonga, CA 5
    • 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 1986
    LEASED 11/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.62
    •  
PROPERTY LISTING DETAILS
Brittney Jeanson
Crest Sotheby's International Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV21017891
Last Updated: 01/28/2021
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