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8471 Autumnhill Place Rancho Cucamonga, CA 91730

3 Beds 3 Baths 1,438 sqft Built 1985

$425,000

List Price

$2,180

$2K - $2.4K

Rent Est.

PROPERTY INFO

November 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $295.55
  • 6 Days on Market
  • MLS # : CV20242096
  • Updated Date : 11/18/2020 at 12:47
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,438 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Vision

Listing Agent's Description

Super Cute Starter Home located in the community of Mulberry Place. As you enter the HOME you will be greeted by an open floor plan with a good sized living room equipped with a fireplace perfect for the holiday season and cozy winter nights. Brand new laminate wood floor compliment almost the entire home downstairs and upstairs areas. The eating area is adjacent to the living room area with a complimentary chandelier. Sliding doors lead you to the rear yard area that is good sized and perfect for entertaining. The kitchen is good sized with plenty of cabinetry and tile counter tops and BIG window outlooking the rear yard area. Separate nook area perfect for the small bar or for the barista at heart. Half bath downstairs. The stairwell has laminate wood flooring. All bedrooms are located upstairs. The Master bedroom is good sized and is equipped with a separate balcony area perfect for enjoying your morning coffee and favorite book or just enjoying the evening nights. The master bath has a combo shower in tub, vanity, and walk in closet. The 2 remaining bedrooms are good sized with laminate wood flooring. Community features include a playground and association pool and spa. The home is close in proximity to Bear Gulch Elementary School and within Alta Loma High School District. The HOME is centrally located between the 10 and 210 freeways and very close to shopping and eateries. This HOME truly is the perfect starter or for a family looking to downsize.

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: Southwest Rancho Cucamonga

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $143k584k

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

Neighborhood: Southwest Rancho Cucamonga

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2110012001300140015001600170018001900200021002200230024002500Rent in $10702522

* 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
Bear Gulch Elementary School Primary Regular 518 23 5
Cucamonga Middle School Middle Regular 816 35 7
Alta Loma High School High Regular 2,648 100 8

Bear Gulch Elementary School

  • Education Level: Primary
  • # of students: 518
  • # of teachers: 23
5
GreatSchools Rating

Cucamonga Middle School

  • Education Level: Middle
  • # of students: 816
  • # of teachers: 35
7
GreatSchools Rating

Alta Loma High School

  • Education Level: High
  • # of students: 2,648
  • # of teachers: 100
8
GreatSchools Rating
 

$382,500$467,500$425,000

PURCHASE PRICE

$1,962$2,398$2,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,180
EXPENSES Loan Payment -$1,568
Property Tax -$397
Property Insurance -$62
HOA -$300
Property Management Fees -$129
CASH FLOW
-$276

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.

$425,000

PROJECTED PRICE

$2,180

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 7.6%
Maintenance Year (1-5) 8.00%
Vacancy 5.43%
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$118,375

INVESTMENT

$118,375

Down Payment
$106,250
Rehab Estimate
$5,750
Closing Costs
$6,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,568

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $106,250
Loan Amount $318,750
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$7,752

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,180

    LIST RENT
  • $1.52

    LIST RENT PER SQFT
  • $2,218

    COMP ESTIMATED VALUE
  • $1.54

    COMP AVG. RENT PER SQFT
Comps Range
$2,180
1$2,1802$2,2003$2,3004$2,3805$2,400
$2,400
RENT COMPS ANALYSIS
  • 8471 Autumnhill Place Rancho Cucamonga, CA 1
    • 3 beds 3 baths ∙ 1,438 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,438 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $2,180
    • $1.52
    •  
  • 1908 E Highland Court Ontario, CA 2
    • 3 beds 2 baths ∙ 1,364 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,364 Sqft ∙ Built 1977
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.61
    •  
  • 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
    •  
  • 8715 Grand Oaks Court Rancho Cucamonga, CA 4
    • 3 beds 3 baths ∙ 1,637 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,637 Sqft ∙ Built 2003
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,380
    • $1.45
    •  
  • 9017 Chianti Court Rancho Cucamonga, CA 5
    • 3 beds 2 baths ∙ 1,599 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,599 Sqft ∙ Built 1977
    LEASED 04/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.50
    •  
PROPERTY LISTING DETAILS
Yolanda Andrade
Re/max Vision
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20242096
Last Updated: 11/18/2020
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