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PROPERTY INFO
FACTS
- Single Family
- Built In 1978
- Price/Sqft : $335.92
- 3 Days on Market
- MLS # : 532136
- Updated Date : 02/12/2021 at 14:39
CONSTRUCTION
- Beds : 4
- Floor Size : 1,932 sqft
- Baths : 2 full
Listing Agent
Realty One Group Empire
Listing Agent's Description
This GORGEOUS IMMACULATE home is located at the end of a Cut-de-sac in a well established Rancho Cucamonga neighborhood. Take a look at the pictures and see all of the GORGEOUS upgrades. A Walk-in Pantry and a Wet bar are an added BONUS. THE 424 sqft PERMITED BONUS ROOM IS reflected in this listing. The floor plan is set up for entertaining with a large perfectly manicured backyard. This home is A MUST SEE! Association Amenities: None # of RV Spaces: 0 Special Features: PTRY,WBNONE Lot Location Type: Standard Location # of Attached Spaces: 2 # of Detached Spaces: 0
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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: Rancho Cucamonga
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Rancho Cucamonga
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,580 |
| EXPENSES | Loan Payment | -$2,254 |
| Property Tax | -$606 | |
| Property Insurance | -$74 | |
| Property Management Fees | -$152 | |
|
CASH FLOW
-$506
|
||
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.
$649,000
PROJECTED PRICE
$2,580
PROJECTED RENT
0.40%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.95% |
| Appreciation Year (1-5) | 6.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.35% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$177,735
LOAN DETAILS
$2,254
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $162,250 |
| Loan Amount | $486,750 |
1.67
YEARS SAVED
$7,286
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,580
LIST RENT -
$1.34
LIST RENT PER SQFT
-
$2,792
COMP ESTIMATED VALUE -
$1.44
COMP AVG. RENT PER SQFT
Comps Range
-
7814 Perlite Avenue Rancho Cucamonga, CA 5
- 4 beds 2 baths ∙ 1,932 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,932 Sqft ∙ Built 1978
- Rent
- Rent Per SQFT
- $2,580
- $1.34
-
7925 Kirkwood Court Rancho Cucamonga, CA 1
- 4 beds 3 baths ∙ 1,750 Sqft ∙ Built 1976 4 beds 3 baths ∙ 1,750 Sqft ∙ Built 1976
LEASED 07/20/20- Rent
- Rent Per SQFT
- $2,500
- $1.43
-
7679 Whitney Court Rancho Cucamonga, CA 2
- 4 beds 3 baths ∙ 1,737 Sqft ∙ Built 1987 4 beds 3 baths ∙ 1,737 Sqft ∙ Built 1987
LEASED 01/08/21- Rent
- Rent Per SQFT
- $2,500
- $1.44
-
9623 Church Street Rancho Cucamonga, CA 3
- 3 beds 2 baths ∙ 1,732 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,732 Sqft ∙ Built 1975
LEASED 02/09/20- Rent
- Rent Per SQFT
- $2,500
- $1.44
-
10052 Hemlock Street Rancho Cucamonga, CA 4
- 4 beds 2 baths ∙ 1,700 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,700 Sqft ∙ Built 1978
LEASED 08/27/20- Rent
- Rent Per SQFT
- $2,500
- $1.47
PROPERTY LISTING DETAILS
Realty One Group Empire
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: 532136
Last Updated: 02/12/2021
