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9207 Rancho Park Place Rancho Cucamonga, CA 91730

3 Beds 3 Baths 1,609 sqft Built 1990

$468,800

List Price

$2,160

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $291.36
  • 6 Days on Market
  • MLS # : WS21060621
  • Updated Date : 03/23/2021 at 14:22
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,609 sqft
  • Baths : 2 full , 1 half
Listing Agent

Amax Realty

Listing Agent's Description

This home is located in gated community, currently under Section 8 until September with rent $1960. When the section 8 expires in September, higher rates for rent can be expected. This unit is 1609 square feet, A two car attached garage provides direct access to the home. HOA includes landscaping and common areas such as: pool, spa, clubhouse and play area. Drive-By only, Do Not Disturb Tenant.

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
 

$421,920$515,680$468,800

PURCHASE PRICE

$1,944$2,376$2,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,160
EXPENSES Loan Payment -$1,628
Property Tax -$428
Property Insurance -$66
HOA -$265
Property Management Fees -$127
CASH FLOW
-$354

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.

$468,800

PROJECTED PRICE

$2,160

PROJECTED RENT

0.46%

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-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$129,982

INVESTMENT

$129,982

Down Payment
$117,200
Rehab Estimate
$5,750
Closing Costs
$7,032

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,628

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $117,200
Loan Amount $351,600
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$4,329

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
  • $1.34

    LIST RENT PER SQFT
  • $2,305

    COMP ESTIMATED VALUE
  • $1.43

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,9503$2,1604$2,5005$2,595
$2,595
RENT COMPS ANALYSIS
  • 9207 Rancho Park Place Rancho Cucamonga, CA 3
    • 3 beds 3 baths ∙ 1,609 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,609 Sqft ∙ Built 1990
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,160
    • $1.34
    •  
  • 2030 E 5th Street Ontario, CA 1
    • 3 beds 3 baths ∙ 1,281 Sqft ∙ Built 1982 3 beds 3 baths ∙ 1,281 Sqft ∙ Built 1982
    property image
    LEASED 03/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.44
    •  
  • 2034 E 5th Street Ontario, CA 2
    • 3 beds 3 baths ∙ 1,345 Sqft ∙ Built 1982 3 beds 3 baths ∙ 1,345 Sqft ∙ Built 1982
    property image
    LEASED 03/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.45
    •  
  • 9586 Cedar Glen Place Rancho Cucamonga, CA 4
    • 4 beds 2 baths ∙ 1,736 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,736 Sqft ∙ Built 2000
    property image
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.44
    •  
  • 9582 Edelweiss Street Rancho Cucamonga, CA 5
    • 4 beds 3 baths ∙ 1,854 Sqft ∙ Built 1977 4 beds 3 baths ∙ 1,854 Sqft ∙ Built 1977
    property image
    LEASED 01/13/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $1.40
    •  
PROPERTY LISTING DETAILS
Debbie Mao
Amax Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: WS21060621
Last Updated: 03/23/2021
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