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9376 Brookview Court Alta Loma, CA 91730

4 Beds 4 Baths 2,670 sqft Built 1999

$679,000

List Price

$2,700

$2.5K - $3K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $254.31
  • 3 Days on Market
  • MLS # : TR21019737
  • Updated Date : 01/29/2021 at 18:38
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,670 sqft
  • Baths : 3 full , 1 half
Listing Agent

Re/max Advanced Realty

Listing Agent's Description

This is a fabulous executive property located in the gate community of Hawthornes in Rancho Cucamonga . This gorgeous and immaculate home offers elegant entry, formal living room, formal dining room, family with cozy fire place that connects to your wet bar. The gourmet kitchen offers freshly white cabinetry, center chef’s island and glass door pantry which is great for friends and family gourmet meals. 4 Bedrooms plus spacious loft with built in media niche, and 3.5 bathrooms. One bedroom suite perfectly laid out downstairs. Dramatic stairway leads you the 2nd fl where your master suite, grand walk in closet with shoes cabinet is located. Master bathroom with His and Her vanities, separate tub, and shower. State of the Art backyard, concrete patio and cover, built in stainless steel BBQ and refrigerator, that are almost brand new, and a large sprawling SPA! All of these situated in 7,700 sq ft lot with matured trees, and flowering shrubs. Lots of privacy and tranquility awaits you in this beautifully landscaped backyard. Safe, children & pet friendly, well-developed neighborhood with multiple community parks and walk ways. Perfect home for the growing family! Close proximity to Ontario Mills Mall and Victoria Gardens. A must see!

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
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
 

$611,100$746,900$679,000

PURCHASE PRICE

$2,430$2,970$2,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,700
EXPENSES Loan Payment -$2,358
Property Tax -$641
Property Insurance -$92
HOA -$110
Property Management Fees -$159
CASH FLOW
-$661

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.

$679,000

PROJECTED PRICE

$2,700

PROJECTED RENT

0.40%

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$500k$1.0M$1.5M$2.0M

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$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$185,685

INVESTMENT

$185,685

Down Payment
$169,750
Rehab Estimate
$5,750
Closing Costs
$10,185

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,358

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $169,750
Loan Amount $509,250
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$2,734

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,700

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $2,688

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,5503$2,7004$2,800
$2,800
RENT COMPS ANALYSIS
  • 9376 Brookview Court Alta Loma, CA 3
    • 4 beds 4 baths ∙ 2,670 Sqft ∙ Built 1999 4 beds 4 baths ∙ 2,670 Sqft ∙ Built 1999
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.01
    •  
  • 9542 Harvest Vista Drive Rancho Cucamonga, CA 1
    • 3 beds 3 baths ∙ 2,476 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,476 Sqft ∙ Built 2013
    property image
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.01
    •  
  • 9455 Buttonwood Court Rancho Cucamonga, CA 2
    • 5 beds 3 baths ∙ 2,562 Sqft ∙ Built 1998 5 beds 3 baths ∙ 2,562 Sqft ∙ Built 1998
    property image
    LEASED 10/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.00
    •  
  • 8662 Harvest Place Rancho Cucamonga, CA 4
    • 4 beds 4 baths ∙ 2,783 Sqft ∙ Built 2009 4 beds 4 baths ∙ 2,783 Sqft ∙ Built 2009
    property image
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.01
    •  
PROPERTY LISTING DETAILS
Shengli Ge
Re/max Advanced Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: TR21019737
Last Updated: 01/29/2021
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