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9133 W Rancho Park Circle Rancho Cucamonga, CA 91730

4 Beds 3 Baths 2,001 sqft Built 2004

$429,900

List Price

$2,500

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 2004
  • Price/Sqft : $214.84
  • 6 Days on Market
  • MLS # : CV20231822
  • Updated Date : 11/03/2020 at 19:03
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,001 sqft
  • Baths : 3 full
Listing Agent

Re/max Top Producers

Listing Agent's Description

Located in Rancho Cucamonga vastly sought after gated communities. Move-In ready, this unit features; A large family room, with fireplace, beautiful laminate wood flooring throughout, A large dinning/livingroom space with a kitchen nook and pantry, includes a stove, microwave and dishwasher. A slider that leads to a covered patio. A convenient downstairs bedroom, separate bathroom, offers privacy for a guests private quarters. Laundry room located downstairs with sink and plenty of storage. Upstairs, a spacious well lit Master Bedroom. Large bathroom with dual sinks, separate shower and separate commode. Also Two additional bedrooms upstairs with a hallway bathroom that includes dual sinks and a separate commode. Central A /C and heating, new water heater. Attached 2 car garage is conveniently located to lead inside the home. Exterior fenced and covered patio has beautiful tiled flooring. HOA amenities; Walking distance to Pool and spa with well lit pathways, great for evening walks., Free Clubhouse access for entertaining, Playground for kids. Well kept landscaping. Security patrols community at night. Conveniently located near Employment center, Schools, Parks and fwys. Come see it before its gone.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Southwest Rancho Cucamonga

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $143k584k

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

Neighborhood: Southwest Rancho Cucamonga

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2110012001300140015001600170018001900200021002200230024002500Rent in $10702522

* 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
Los Amigos Elementary School Primary Regular 504 21 4
Rancho Cucamonga Middle School Middle Regular 768 37 5
Chaffey High School High Regular 3,530 138 4

Los Amigos Elementary School

  • Education Level: Primary
  • # of students: 504
  • # of teachers: 21
4
GreatSchools Rating

Rancho Cucamonga Middle School

  • Education Level: Middle
  • # of students: 768
  • # of teachers: 37
5
GreatSchools Rating

Chaffey High School

  • Education Level: High
  • # of students: 3,530
  • # of teachers: 138
4
GreatSchools Rating
 

$386,910$472,890$429,900

PURCHASE PRICE

$2,250$2,750$2,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,500
EXPENSES Loan Payment -$1,586
Property Tax -$392
Property Insurance -$76
HOA -$260
Property Management Fees -$148
CASH FLOW
$39

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.

$429,900

PROJECTED PRICE

$2,500

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$119,674

INVESTMENT

$119,674

Down Payment
$107,475
Rehab Estimate
$5,750
Closing Costs
$6,449

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,586

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $107,475
Loan Amount $322,425
See What Happens When You Reinvest Cash Flow

6

YEARS SAVED

$34,893

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,500

    LIST RENT
  • $1.25

    LIST RENT PER SQFT
  • $2,551

    COMP ESTIMATED VALUE
  • $1.28

    COMP AVG. RENT PER SQFT
Comps Range
$2,425
1$2,4252$2,4503$2,5004$2,5005$2,600
$2,600
RENT COMPS ANALYSIS
  • 9133 W Rancho Park Circle Rancho Cucamonga, CA 4
    • 4 beds 3 baths ∙ 2,001 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,001 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.25
    •  
  • 9633 Harvest Vista Drive Rancho Cucamonga, CA 1
    • 3 beds 3 baths ∙ 1,965 Sqft ∙ Built 2012 3 beds 3 baths ∙ 1,965 Sqft ∙ Built 2012
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,425
    • $1.23
    •  
  • 9343 Klusman Ave Rancho Cucamonga, CA 2
    • 4 beds 3 baths ∙ 1,973 Sqft ∙ Built 2013 4 beds 3 baths ∙ 1,973 Sqft ∙ Built 2013
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.24
    •  
  • 9342 Klusman Avenue Rancho Cucamonga, CA 3
    • 3 beds 3 baths ∙ 1,915 Sqft ∙ Built 2013 3 beds 3 baths ∙ 1,915 Sqft ∙ Built 2013
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.31
    •  
  • 9365 Klusman Rancho Cucamonga, CA 5
    • 4 beds 3 baths ∙ 1,965 Sqft ∙ Built 2013 4 beds 3 baths ∙ 1,965 Sqft ∙ Built 2013
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.32
    •  
PROPERTY LISTING DETAILS
Justin Quemada
Re/max Top Producers
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20231822
Last Updated: 11/03/2020
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