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PROPERTY INFO
FACTS
- Single Family
- Built In 2013
- Price/Sqft : $288.90
- 8 Days on Market
- MLS # : AR20260502
- Updated Date : 12/24/2020 at 09:19
CONSTRUCTION
- Beds : 3
- Floor Size : 1,793 sqft
- Baths : 2 full , 1 half
Listing Agent
Re/max Premier Prop Arcadia
Listing Agent's Description
Welcome to the cozy home built in 2013! This is Hidden Gem is in a "HARVEST " Gated Community, This Home offers 1793 SF with 3 spacious bedrooms and 2.5 bathrooms plus a private courtyard/patio situated in a very excellent gated community. Close to world-class shopping and award-winning schools this fabulous home is beautifully appointed and ready for a new owner! Brand new modern style premium wood floor in Livingroom and bedroom, Granite countertop in kitchen and bathrooms. The master bedroom with features its own bath with both a shower and separate soaking tub and a large walk-in closet. Enjoy all the amenities that the community has to offer such as a children's playground, grill covered eating area, sparkling pool and spa...much more. NO MELLO ROSS. Move-in condition.
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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 | $2,300 |
| EXPENSES | Loan Payment | -$1,911 |
| Property Tax | -$472 | |
| Property Insurance | -$71 | |
| HOA | -$186 | |
| Property Management Fees | -$136 | |
|
CASH FLOW
-$476
|
||
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.
$518,000
PROJECTED PRICE
$2,300
PROJECTED RENT
0.44%
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
$143,020
LOAN DETAILS
$1,911
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $129,500 |
| Loan Amount | $388,500 |
1.33
YEARS SAVED
$4,255
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,300
LIST RENT -
$1.28
LIST RENT PER SQFT
-
$2,322
COMP ESTIMATED VALUE -
$1.3
COMP AVG. RENT PER SQFT
Comps Range
-
9337 Culinary Place Rancho Cucamonga, CA 1
- 3 beds 3 baths ∙ 1,793 Sqft ∙ Built 2013 3 beds 3 baths ∙ 1,793 Sqft ∙ Built 2013
![property image]()
- Rent
- Rent Per SQFT
- $2,300
- $1.28
-
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
![property image]()
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
![property image]()
LEASED 02/24/20- Rent
- Rent Per SQFT
- $2,500
- $1.31
-
9342 Greenbelt Place Ontario, CA 4
- 3 beds 3 baths ∙ 1,915 Sqft ∙ Built 2013 3 beds 3 baths ∙ 1,915 Sqft ∙ Built 2013
![property image]()
LEASED 04/09/20- 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
![property image]()
LEASED 10/29/20- Rent
- Rent Per SQFT
- $2,600
- $1.32
PROPERTY LISTING DETAILS
Re/max Premier Prop Arcadia
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: AR20260502
Last Updated: 12/24/2020
