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PROPERTY INFO
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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Alta Loma
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$206,885
LOAN DETAILS
$2,800
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $189,750 |
| Loan Amount | $569,250 |
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
-
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
Windermere R.e. Tower Prop.
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: IV20243882
Last Updated: 11/20/2020
