Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

8545 La Vine Street Rancho Cucamonga, CA 91701

3 Beds 1 Baths 1,296 sqft Built 1962

$549,900

List Price

$2,160

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1962
  • Price/Sqft : $424.31
  • 6 Days on Market
  • MLS # : IV20228774
  • Updated Date : 11/02/2020 at 12:50
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,296 sqft
  • Baths : 1 full
Listing Agent

Blasco Real Estate & Inv

Listing Agent's Description

Super Clean Home. All new paint, carpet, kitchen, appliances, garage door, New dual pain windows. Everything is very clean and ready to move in. 3 bedrooms, 1 3/4 baths, large living room with fireplace. This home is truly move in ready. Large concrete drive with room for an RV on the side. Hurry up and make this house your home.

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: Rancho Cucamonga

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700kPrice in $149k709k

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

Neighborhood: Rancho Cucamonga

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q212001400160018002000220024002600Rent in $10822625

* 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
Jasper Elementary School Primary Regular 515 20 7
Alta Loma Junior High School Middle Regular 658 24 7
Alta Loma High School High Regular 2,648 100 8

Jasper Elementary School

  • Education Level: Primary
  • # of students: 515
  • # of teachers: 20
7
GreatSchools Rating

Alta Loma Junior High School

  • Education Level: Middle
  • # of students: 658
  • # of teachers: 24
7
GreatSchools Rating

Alta Loma High School

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

$494,910$604,890$549,900

PURCHASE PRICE

$1,944$2,376$2,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,160
EXPENSES Loan Payment -$2,029
Property Tax -$525
Property Insurance -$59
Property Management Fees -$127
CASH FLOW
-$579

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.

$549,900

PROJECTED PRICE

$2,160

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
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

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$151,474

INVESTMENT

$151,474

Down Payment
$137,475
Rehab Estimate
$5,750
Closing Costs
$8,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,029

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $137,475
Loan Amount $412,425
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$2,844

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,160

    LIST RENT
  • $1.67

    LIST RENT PER SQFT
  • $2,213

    COMP ESTIMATED VALUE
  • $1.71

    COMP AVG. RENT PER SQFT
Comps Range
$2,095
1$2,0952$2,1603$2,3254$2,3955$2,400
$2,400
RENT COMPS ANALYSIS
  • 8545 La Vine Street Rancho Cucamonga, CA 2
    • 3 beds 1 baths ∙ 1,296 Sqft ∙ Built 1962 3 beds 1 baths ∙ 1,296 Sqft ∙ Built 1962
    • Rent
    • Rent Per SQFT
    •  
    • $2,160
    • $1.67
    •  
  • 7143 Sonoma Avenue Alta Loma, CA 1
    • 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 1973
    LEASED 05/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $1.69
    •  
  • 8530 Monte Vista Street Rancho Cucamonga, CA 3
    • 4 beds 2 baths ∙ 1,362 Sqft ∙ Built 1962 4 beds 2 baths ∙ 1,362 Sqft ∙ Built 1962
    LEASED 03/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,325
    • $1.71
    •  
  • 8631 La Grande Street Rancho Cucamonga, CA 4
    • 4 beds 2 baths ∙ 1,388 Sqft ∙ Built 1962 4 beds 2 baths ∙ 1,388 Sqft ∙ Built 1962
    LEASED 08/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.73
    •  
  • 7679 Arroyo Vista Avenue Rancho Cucamonga, CA 5
    • 4 beds 2 baths ∙ 1,408 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,408 Sqft ∙ Built 1977
    LEASED 12/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.70
    •  
PROPERTY LISTING DETAILS
Ron Blasco
Blasco Real Estate & Inv
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV20228774
Last Updated: 11/02/2020
BESbswy