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9062 Mandarin Avenue Rancho Cucamonga, CA 91701

4 Beds 3 Baths 2,259 sqft Built 1979

$738,888

List Price

$2,770

$2.5K - $3K

Rent Est.

PROPERTY INFO

February 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $327.09
  • 2 Days on Market
  • MLS # : CV21025253
  • Updated Date : 02/06/2021 at 17:57
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,259 sqft
  • Baths : 3 full
Listing Agent

Real Living Properties Unlmtd

Listing Agent's Description

Uniquely designed, this turnkey beauty offers the perfect space for living a casual, homey lifestyle entertaining an intimate group or large crowd. Gracious entry with towering ceilings is entrance to all areas of this home. Relax with special guests in gracious living room. Serve a buffet from the long buffet bar or gourmet meal in the Formal Dining Rm. Afterward relax with a cup of coffee or aperitif on the balcony overlooking the world. Relax at home on a wintery night in front of the Family Room fireplace while reading a good book or watching a special game. Enjoy a fun conversation with the family chef in the updated island kitchen with granite counters, newer appliances, under cabinet lighting, large pantry and more. Newly renovated Master en-suite with huge closet is perfect retreat after a hectic day. Soak in your private tub or enjoy a luxurious shower before enjoying a tranquil night's sleep. Large rear yard with rock gardens is perfect for a summer BBQ under the trees or just enjoying the sun and the gorgeous mountain view. Near to schools, Victoria Gardens, The Mills and most of SOCAL entertainment venues (within 1 hr. +/-). Metrolink and Ontario International Airport near by or a relatively short trip to Vegas . All add to the charm of living here here

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: 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
Alta Loma Junior High School Middle Regular 658 24 7
Alta Loma High School High Regular 2,648 100 8

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
 

$664,999$812,777$738,888

PURCHASE PRICE

$2,493$3,047$2,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,770
EXPENSES Loan Payment -$2,566
Property Tax -$706
Property Insurance -$82
Property Management Fees -$163
CASH FLOW
-$747

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.

$738,888

PROJECTED PRICE

$2,770

PROJECTED RENT

0.37%

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$201,555

INVESTMENT

$201,555

Down Payment
$184,722
Rehab Estimate
$5,750
Closing Costs
$11,083

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,566

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $184,722
Loan Amount $554,166
See What Happens When You Reinvest Cash Flow

0.92

YEARS SAVED

$2,671

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,770

    LIST RENT
  • $1.23

    LIST RENT PER SQFT
  • $2,773

    COMP ESTIMATED VALUE
  • $1.23

    COMP AVG. RENT PER SQFT
Comps Range
$2,770
1$2,7702$2,8003$2,8004$2,8005$3,000
$3,000
RENT COMPS ANALYSIS
  • 9062 Mandarin Avenue Rancho Cucamonga, CA 1
    • 4 beds 3 baths ∙ 2,259 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,259 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $2,770
    • $1.23
    •  
  • 6460 Sacramento Avenue Rancho Cucamonga, CA 2
    • 4 beds 2 baths ∙ 2,172 Sqft ∙ Built 1971 4 beds 2 baths ∙ 2,172 Sqft ∙ Built 1971
    LEASED 08/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.29
    •  
  • 6440 Opal Street Rancho Cucamonga, CA 3
    • 5 beds 2 baths ∙ 2,364 Sqft ∙ Built 1971 5 beds 2 baths ∙ 2,364 Sqft ∙ Built 1971
    LEASED 12/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.18
    •  
  • 9339 Ledig Drive Rancho Cucamonga, CA 4
    • 4 beds 3 baths ∙ 2,293 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,293 Sqft ∙ Built 1995
    LEASED 09/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.22
    •  
  • 9756 Via Esperanza Rancho Cucamonga, CA 5
    • 5 beds 3 baths ∙ 2,449 Sqft ∙ Built 1999 5 beds 3 baths ∙ 2,449 Sqft ∙ Built 1999
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.22
    •  
PROPERTY LISTING DETAILS
Heidi Burns
Real Living Properties Unlmtd
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21025253
Last Updated: 02/06/2021
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