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8765 Mandarin Avenue Rancho Cucamonga, CA 91701

4 Beds 2 Baths 2,639 sqft Built 1986

$759,000

List Price

$2,880

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $287.61
  • 3 Days on Market
  • MLS # : IV20243882
  • Updated Date : 11/20/2020 at 22:33
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,639 sqft
  • Baths : 2 full
Listing Agent

Windermere R.e. Tower Prop.

Listing Agent's Description

Mandarin Ave.....Located in one of the Most Desirable Areas in Rancho Cucamonga....Cul de Sac, Mountain Views are just a couple of Highlights on this 1 OWNER Property! Beautifully Landscaped, you notice Inviting Tranquil Front Porch and Enter the Interior through Large Double Doors...A Formal Living Room with Fireplace Greets you as you walk to Dining room and Kitchen that Opens to Spacious Family Room...Also Downstairs is 1 Bedroom with 3/4 Bathroom and Huge Laundry Room with Cabinet and Folding Area.... Upstairs Offers 3 Nice Size Bedrooms with Master Suite.... The Backyard is like its Own Private Park with Beautiful Pool and Spa [which is surrounded by protective fencing], "Old School" Play Set, walk down a few steps to Many Fruit trees and Basketball Court [not regulation court!] , Covered Patio... RV Parking and Newer Double Pane Windows Compliment this One of a Kind Property....

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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: Alta Loma

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $149k785k

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

Neighborhood: Alta Loma

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2120014001600180020002200240026002800Rent in $10822925

* 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
 

$683,100$834,900$759,000

PURCHASE PRICE

$2,592$3,168$2,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,880
EXPENSES Loan Payment -$2,800
Property Tax -$710
Property Insurance -$91
Property Management Fees -$170
CASH FLOW
-$892

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.

$759,000

PROJECTED PRICE

$2,880

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 5.5%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$206,885

INVESTMENT

$206,885

Down Payment
$189,750
Rehab Estimate
$5,750
Closing Costs
$11,385

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,800

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $189,750
Loan Amount $569,250
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$1,907

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,880

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $2,942

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$2,800
1$2,8002$2,8003$2,8004$2,8805$2,980
$2,980
RENT COMPS ANALYSIS
  • 8765 Mandarin Avenue Rancho Cucamonga, CA 4
    • 4 beds 2 baths ∙ 2,639 Sqft ∙ Built 1986 4 beds 2 baths ∙ 2,639 Sqft ∙ Built 1986
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,880
    • $1.09
    •  
  • 6440 Opal Street Rancho Cucamonga, CA 1
    • 5 beds 2 baths ∙ 2,364 Sqft ∙ Built 1971 5 beds 2 baths ∙ 2,364 Sqft ∙ Built 1971
    property image
    LEASED 12/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.18
    •  
  • 6285 Sacramento Avenue Rancho Cucamonga, CA 2
    • 4 beds 3 baths ∙ 2,743 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,743 Sqft ∙ Built 1977
    property image
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.02
    •  
  • 5901 Napa Avenue Rancho Cucamonga, CA 3
    • 3 beds 3 baths ∙ 2,418 Sqft ∙ Built 1976 3 beds 3 baths ∙ 2,418 Sqft ∙ Built 1976
    property image
    LEASED 12/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.16
    •  
  • 9111 Hamilton Street Rancho Cucamonga, CA 5
    • 5 beds 3 baths ∙ 2,714 Sqft ∙ Built 1997 5 beds 3 baths ∙ 2,714 Sqft ∙ Built 1997
    property image
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,980
    • $1.10
    •  
PROPERTY LISTING DETAILS
Ted Jenkins
Windermere R.e. Tower Prop.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV20243882
Last Updated: 11/20/2020
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