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PROPERTY INFO
FACTS
- Single Family
- Built In 1967
- Price/Sqft : $443.55
- 3 Days on Market
- MLS # : CV21014893
- Updated Date : 01/23/2021 at 09:37
CONSTRUCTION
- Beds : 3
- Floor Size : 1,240 sqft
- Baths : 2 full
Listing Agent
Realty Masters & Associates
Listing Agent's Description
With great pleasure I introduce this spectacular one of a kind meticulous and well maintained home. This desirable single story home features 3 BD, 2 BA -Master offers shower stall and vanity, guest bath offers shower/tub and vanity - Bright and spacious living room opens to an open kitchen that is complete with an abundance of cabinets, tile counter tops and cook top. Separate room for laundry offers newer custom door that leads to rear yard/garage. The master suite is spacious and offers upgraded double French doors to enjoy the evening breeze. Gorgeous finishes are found throughout, here are just a few - Custom Plantation Shutters, newer dual pane windows, 2 large covered patios, above ground spa with tastefully designed patio cover/ lighted fixture, lush landscape with mature trees, calming water fountain, elevated block walls, custom entry gates with solar lighting, front porch, beautiful flower planters with amazing curb appeal! Of course, we cannot forget the large drive for RV access either! Properties with this many rare features are better seen then descried. Bring your clients and tour the home for yourself.
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MARKET HIGHLIGHTS
- 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.
- 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)
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 | $1,990 |
| EXPENSES | Loan Payment | -$1,910 |
| Property Tax | -$509 | |
| Property Insurance | -$57 | |
| Property Management Fees | -$117 | |
|
CASH FLOW
-$604
|
||
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
$1,990
PROJECTED RENT
0.36%
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
$151,500
LOAN DETAILS
$1,910
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $137,500 |
| Loan Amount | $412,500 |
0.58
YEARS SAVED
$1,127
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,990
LIST RENT -
$1.6
LIST RENT PER SQFT
-
$2,009
COMP ESTIMATED VALUE -
$1.62
COMP AVG. RENT PER SQFT
Comps Range
-
7839 Lion Street Rancho Cucamonga, CA 1
- 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 1967 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 1967
- Rent
- Rent Per SQFT
- $1,990
- $1.60
-
8167 Vineyard Avenue Rancho Cucamonga, CA 2
- 3 beds 3 baths ∙ 1,221 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,221 Sqft ∙ Built 1986
LEASED 10/26/19- Rent
- Rent Per SQFT
- $2,000
- $1.64
-
8202 Montara Avenue Rancho Cucamonga, CA 3
- 4 beds 2 baths ∙ 1,426 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,426 Sqft ∙ Built 1978
LEASED 07/02/20- Rent
- Rent Per SQFT
- $2,300
- $1.61
-
9810 Madonna Court Rancho Cucamonga, CA 4
- 3 beds 3 baths ∙ 1,480 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,480 Sqft ∙ Built 1985
LEASED 04/11/20- Rent
- Rent Per SQFT
- $2,395
- $1.62
-
7425 Carnelian Street Rancho Cucamonga, CA 5
- 3 beds 3 baths ∙ 1,522 Sqft ∙ Built 1966 3 beds 3 baths ∙ 1,522 Sqft ∙ Built 1966
LEASED 08/17/19- Rent
- Rent Per SQFT
- $2,450
- $1.61
PROPERTY LISTING DETAILS
Realty Masters & Associates
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: CV21014893
Last Updated: 01/23/2021
