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8090 Cornwall Court #47 Rancho Cucamonga, CA 91739

4 Beds 3 Baths 1,905 sqft Built 2007

$495,000

List Price

$2,530

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $259.84
  • 3 Days on Market
  • MLS # : WS20230264
  • Updated Date : 11/27/2020 at 15:40
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,905 sqft
  • Baths : 2 full , 1 half
Listing Agent

Irn Realtors/r.h.

Listing Agent's Description

The stunning Home! Located In The Gated & Gorgeous "AMADOR on ROUTE 66" Community. This House Features A Premium End Lot, An Open Floor Plan Including A Huge Living Room, Upgraded Kitchen. Dining Site Has Direct Access To A Private Patio For Outdoor Entertaining. Granite Counter Tops, Center Island, Plenty Of Cabinets Are Some Of The Features Of The Beautiful Kitchen. One Bedroom & Bathroom Downstairs, Three Bedrooms Upstairs, Downstairs Laundry Room With Direct Access To 2 Car Garage. The Amenities In The Community Include Pool, Spa, Kids Play Area, BBQ With Entertainment Area. Plenty Of Guest Parking and Landscaped Areas For An Evening Stroll. Close To The Prestigious Victoria Gardens Outdoor Mall, Bass Pro Shop, 15/10/210 Freeways, Schools, Dining, Entertainment. A MUST SEE!!!!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$445,500$544,500$495,000

PURCHASE PRICE

$2,277$2,783$2,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,530
EXPENSES Loan Payment -$1,826
Property Tax -$526
Property Insurance -$73
HOA -$335
Property Management Fees -$149
CASH FLOW
-$380

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.

$495,000

PROJECTED PRICE

$2,530

PROJECTED RENT

0.51%

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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$136,925

INVESTMENT

$136,925

Down Payment
$123,750
Rehab Estimate
$5,750
Closing Costs
$7,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,826

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $123,750
Loan Amount $371,250
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$6,051

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,530

    LIST RENT
  • $1.33

    LIST RENT PER SQFT
  • $2,638

    COMP ESTIMATED VALUE
  • $1.38

    COMP AVG. RENT PER SQFT
Comps Range
$2,495
1$2,4952$2,5003$2,5304$2,6505$2,700
$2,700
RENT COMPS ANALYSIS
  • 8090 Cornwall Court Rancho Cucamonga, CA 3
    • 4 beds 3 baths ∙ 1,905 Sqft ∙ Built 2007 4 beds 3 baths ∙ 1,905 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $2,530
    • $1.33
    •  
  • 12946 Bordeaux Court Rancho Cucamonga, CA 1
    • 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 2
    • 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
    •  
  • 8090 Cornwall Ct#77 Rancho Cucamonga, CA 4
    • 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
    •  
  • 13258 Stanton Dr Rancho Cucamonga, CA 5
    • 4 beds 2 baths ∙ 2,058 Sqft ∙ Built 2015 4 beds 2 baths ∙ 2,058 Sqft ∙ Built 2015
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.31
    •  
PROPERTY LISTING DETAILS
Hongjun Zhang
Irn Realtors/r.h.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: WS20230264
Last Updated: 11/27/2020
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