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9337 Culinary Place Rancho Cucamonga, CA 91730

3 Beds 3 Baths 1,793 sqft Built 2013

$518,000

List Price

$2,300

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

December 23, 2020 RECENTLY ADDED
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.

SEE MORE

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

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
The Ontario Center School Primary Regular 704 28 5
Rancho Cucamonga Middle School Middle Regular 768 37 5
Colony High School High Regular 2,079 84 6

The Ontario Center School

  • Education Level: Primary
  • # of students: 704
  • # of teachers: 28
5
GreatSchools Rating

Rancho Cucamonga Middle School

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

Colony High School

  • Education Level: High
  • # of students: 2,079
  • # of teachers: 84
6
GreatSchools Rating
 

$466,200$569,800$518,000

PURCHASE PRICE

$2,070$2,530$2,300

RENT

DOWN PAYMENT
FINANCING

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

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$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$143,020

INVESTMENT

$143,020

Down Payment
$129,500
Rehab Estimate
$5,750
Closing Costs
$7,770

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,911

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $129,500
Loan Amount $388,500
See What Happens When You Reinvest Cash Flow

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
$2,300
1$2,3002$2,4503$2,5004$2,5005$2,600
$2,600
RENT COMPS ANALYSIS
  • 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
Guirong Zhai
Re/max Premier Prop Arcadia
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: AR20260502
Last Updated: 12/24/2020
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