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PROPERTY INFO
FACTS
- Single Family
- Built In 1977
- Price/Sqft : $434.40
- 3 Days on Market
- MLS # : 210001903
- Updated Date : 01/23/2021 at 05:47
CONSTRUCTION
- Beds : 3
- Floor Size : 1,151 sqft
- Baths : 2 full
Listing Agent
Tidal Realty
Listing Agent's Description
This rare gem has an open floor plan living room with a fireplace and vaulted ceilings. The sunny open kitchen/dining room flows out back to a spacious sparkling inground pool with a diving board for those hot summer days. This upgraded property includes a turfed backyard, new brick wall, and custom interior walls; located in a cul-de-sac, quiet neighborhood with stunning mountain views. This home won't last long! Other Fees: 0 Sewer: Sewer Connected Topography: LL,
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MARKET HIGHLIGHTS
- 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.
- 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)
PRICE & RENT TRENDS
Neighborhood: Southwest Rancho Cucamonga
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Southwest Rancho Cucamonga
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,160 |
| EXPENSES | Loan Payment | -$1,737 |
| Property Tax | -$456 | |
| Property Insurance | -$55 | |
| Property Management Fees | -$127 | |
|
CASH FLOW
-$215
|
||
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.
$499,999
PROJECTED PRICE
$2,160
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$138,250
LOAN DETAILS
$1,737
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $125,000 |
| Loan Amount | $374,999 |
3.42
YEARS SAVED
$14,930
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 -
$1.88
LIST RENT PER SQFT
-
$1,885
COMP ESTIMATED VALUE -
$1.64
COMP AVG. RENT PER SQFT
Comps Range
-
8773 Comet St Rancho Cucamonga, CA 4
- 3 beds 2 baths ∙ 1,151 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,151 Sqft ∙ Built 1977
- Rent
- Rent Per SQFT
- $2,160
- $1.88
-
8533 Salina Street Rancho Cucamonga, CA 1
- 3 beds 3 baths ∙ 1,231 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,231 Sqft ∙ Built 1986
LEASED 02/12/20- Rent
- Rent Per SQFT
- $2,000
- $1.62
-
8416 Snow View Place Rancho Cucamonga, CA 2
- 3 beds 3 baths ∙ 1,242 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,242 Sqft ∙ Built 1989
LEASED 06/23/20- Rent
- Rent Per SQFT
- $2,050
- $1.65
-
1941 E Olive Street Ontario, CA 3
- 3 beds 2 baths ∙ 1,227 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,227 Sqft ∙ Built 1984
LEASED 11/13/20- Rent
- Rent Per SQFT
- $2,100
- $1.71
-
8348 Main Street Rancho Cucamonga, CA 5
- 4 beds 2 baths ∙ 1,405 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,405 Sqft ∙ Built 1977
LEASED 10/20/20- Rent
- Rent Per SQFT
- $2,200
- $1.57
PROPERTY LISTING DETAILS
Tidal Realty
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: 210001903
Last Updated: 01/23/2021
