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8090 Cornwall Court #73 Rancho Cucamonga, CA 91739

3 Beds 3 Baths 1,786 sqft Built 2007

$439,000

List Price

$2,380

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 2007
  • Price/Sqft : $245.80
  • 4 Days on Market
  • MLS # : CV20233401
  • Updated Date : 11/05/2020 at 08:58
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,786 sqft
  • Baths : 2 full , 1 half
Listing Agent

Cal American Homes And Realty

Listing Agent's Description

Beautiful home in great Rancho Cucamonga location within the exclusive gated community of Amador. This 3 bedroom 2.5 bathroom is an end unit with private cement stone patio. Located just steps away from state of the art pool and BBQ area, this inviting home features an open floor plan downstairs with plenty of space for entertaining. Spacious master bedroom has gorgeous balcony that overlooks Pool and BBQ area. Master bathroom features dual sinks, jetted tub and separate shower. 2 additional bedrooms and a second bathroom are also upstairs. The resort style community features state of the art pool, spa and BBQ area, perfect for entertaining as well as outdoor fireplace and children's play area. Just off of Route 66 in Rancho Cucamonga you are steps away from from great dining, shopping and entertainment at Victoria Gardens and conveniently near the 10, 15 and 210 freeways for easy commuting.

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: 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
 

$395,100$482,900$439,000

PURCHASE PRICE

$2,142$2,618$2,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,380
EXPENSES Loan Payment -$1,620
Property Tax -$467
Property Insurance -$70
HOA -$335
Property Management Fees -$140
CASH FLOW
-$252

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.

$439,000

PROJECTED PRICE

$2,380

PROJECTED RENT

0.54%

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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$122,085

INVESTMENT

$122,085

Down Payment
$109,750
Rehab Estimate
$5,750
Closing Costs
$6,585

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,620

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $109,750
Loan Amount $329,250
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$9,380

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,380

    LIST RENT
  • $1.33

    LIST RENT PER SQFT
  • $2,478

    COMP ESTIMATED VALUE
  • $1.39

    COMP AVG. RENT PER SQFT
Comps Range
$2,380
1$2,3802$2,4953$2,5004$2,5505$2,650
$2,650
RENT COMPS ANALYSIS
  • 8090 Cornwall Court Rancho Cucamonga, CA 1
    • 3 beds 3 baths ∙ 1,786 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,786 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $2,380
    • $1.33
    •  
  • 12946 Bordeaux Court Rancho Cucamonga, CA 2
    • 3 beds 2 baths ∙ 1,759 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,759 Sqft ∙ Built 2000
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.42
    •  
  • 13240 Lambrusco Court Rancho Cucamonga, CA 3
    • 3 beds 2 baths ∙ 1,759 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,759 Sqft ∙ Built 2001
    LEASED 03/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.42
    •  
  • 13196 Flagstaff Drive Rancho Cucamonga, CA 4
    • 3 beds 2 baths ∙ 1,933 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,933 Sqft ∙ Built 2015
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.32
    •  
  • 8090 Cornwall Ct#77 Rancho Cucamonga, CA 5
    • 3 beds 2 baths ∙ 1,905 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,905 Sqft ∙ Built 2007
    LEASED 08/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.39
    •  
PROPERTY LISTING DETAILS
Eric Morris
Cal American Homes And Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20233401
Last Updated: 11/05/2020
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