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8418 Derfer Drive Rancho Cucamonga, CA 91701

3 Beds 3 Baths 1,836 sqft Built 1997

$539,999

List Price

$2,430

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 1997
  • Price/Sqft : $294.12
  • 2 Days on Market
  • MLS # : CV20230927
  • Updated Date : 11/02/2020 at 12:22
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,836 sqft
  • Baths : 2 full , 1 half
Listing Agent

Cal American Homes And Realty

Listing Agent's Description

Charming 2 Story Home, Cul-De-Sac Location, Turnkey Condition!!! This wonderful Home Features 3 Bedrooms, 2.5 Bathrooms, Formal Living Room, Formal Dining Room, Family Room with Fireplace and Open to Kitchen, Breakfast Table Area, Updated Kitchen with Granite Counters, All Bathrooms have Granite Counters, Central Vac. System for upstairs and downstairs, Custom Plantation Shutters, Dual Pane Windows, High Vaulted Ceilings, Spacious Master Suite with Spectacular Views of Mountains along with a spacious walk in closet, Master Bathroom Features Jacuzzi Tub, Separate Shower, and Dual Sinks, Large Bay Windows, and a Relaxing Backyard with Plenty of Room for Entertaining and Views of the Mountains! A Must See!!!

SEE MORE

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: Upland Hills Country Club

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $149k644k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Upland Hills Country Club

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
Foothill Knolls Elementary School Primary Regular 447 19 5
Pioneer Junior High School Middle Regular 928 37 9
Upland High School High Regular 3,456 137 7

Foothill Knolls Elementary School

  • Education Level: Primary
  • # of students: 447
  • # of teachers: 19
5
GreatSchools Rating

Pioneer Junior High School

  • Education Level: Middle
  • # of students: 928
  • # of teachers: 37
9
GreatSchools Rating

Upland High School

  • Education Level: High
  • # of students: 3,456
  • # of teachers: 137
7
GreatSchools Rating
 

$485,999$593,999$539,999

PURCHASE PRICE

$2,187$2,673$2,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,430
EXPENSES Loan Payment -$1,992
Property Tax -$487
Property Insurance -$72
HOA -$140
Property Management Fees -$143
CASH FLOW
-$404

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.

$539,999

PROJECTED PRICE

$2,430

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 6.1%
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$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$148,850

INVESTMENT

$148,850

Down Payment
$135,000
Rehab Estimate
$5,750
Closing Costs
$8,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,992

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $135,000
Loan Amount $404,999
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$8,811

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,430

    LIST RENT
  • $1.32

    LIST RENT PER SQFT
  • $2,639

    COMP ESTIMATED VALUE
  • $1.44

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,4003$2,4304$2,5005$2,700
$2,700
RENT COMPS ANALYSIS
  • 8418 Derfer Drive Rancho Cucamonga, CA 3
    • 3 beds 3 baths ∙ 1,836 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,836 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $2,430
    • $1.32
    •  
  • 7444 Spinel Avenue Rancho Cucamonga, CA 1
    • 3 beds 2 baths ∙ 1,645 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,645 Sqft ∙ Built 1984
    LEASED 06/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.40
    •  
  • 9020 Avalon Street Rancho Cucamonga, CA 2
    • 4 beds 3 baths ∙ 1,688 Sqft ∙ Built 1986 4 beds 3 baths ∙ 1,688 Sqft ∙ Built 1986
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.42
    •  
  • 8984 Sage Drive Rancho Cucamonga, CA 4
    • 4 beds 3 baths ∙ 1,688 Sqft ∙ Built 1986 4 beds 3 baths ∙ 1,688 Sqft ∙ Built 1986
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.48
    •  
  • 8399 Derfer Drive Rancho Cucamonga, CA 5
    • 4 beds 3 baths ∙ 1,862 Sqft ∙ Built 1997 4 beds 3 baths ∙ 1,862 Sqft ∙ Built 1997
    LEASED 07/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.45
    •  
PROPERTY LISTING DETAILS
Susan Aleman
Cal American Homes And Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20230927
Last Updated: 11/02/2020
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