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9551 Calle Vejar Rancho Cucamonga, CA 91730

4 Beds 3 Baths 2,032 sqft Built 1977

$564,900

List Price

$2,580

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1977
  • Price/Sqft : $278.00
  • 20 Days on Market
  • MLS # : CV20218260
  • Updated Date : 10/29/2020 at 09:43
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,032 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty Masters & Associates

Listing Agent's Description

This desirable family home awaits it's next owner. This home provides all the elements for a relaxing and comfortable lifestyle along with ample room for entertaining. Step out the backdoor into your own backyard oasis with a beautiful pool. There's also a sunroom for plenty of enjoyment. All bedrooms are located upstairs and feature newer carpet throughout. Master bedroom has en suite bathroom, double sink counter and walk-in closet. Secure your chance to own this prestigious family home located in an established neighborhood near award winning public schools, shopping, restaurants, theaters and more!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

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
Central Elementary School Primary Regular 510 19 4
Cucamonga Middle School Middle Regular 816 35 7
Alta Loma High School High Regular 2,648 100 8

Central Elementary School

  • Education Level: Primary
  • # of students: 510
  • # of teachers: 19
4
GreatSchools Rating

Cucamonga Middle School

  • Education Level: Middle
  • # of students: 816
  • # of teachers: 35
7
GreatSchools Rating

Alta Loma High School

  • Education Level: High
  • # of students: 2,648
  • # of teachers: 100
8
GreatSchools Rating
 

$508,410$621,390$564,900

PURCHASE PRICE

$2,322$2,838$2,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,580
EXPENSES Loan Payment -$2,084
Property Tax -$528
Property Insurance -$76
Property Management Fees -$152
CASH FLOW
-$260

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.

$564,900

PROJECTED PRICE

$2,580

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$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$155,449

INVESTMENT

$155,449

Down Payment
$141,225
Rehab Estimate
$5,750
Closing Costs
$8,474

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,084

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $141,225
Loan Amount $423,675
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$20,608

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,580

    LIST RENT
  • $1.27

    LIST RENT PER SQFT
  • $2,581

    COMP ESTIMATED VALUE
  • $1.27

    COMP AVG. RENT PER SQFT
Comps Range
$2,350
1$2,3502$2,3503$2,4504$2,5805$2,675
$2,675
RENT COMPS ANALYSIS
  • 9551 Calle Vejar Rancho Cucamonga, CA 4
    • 4 beds 3 baths ∙ 2,032 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,032 Sqft ∙ Built 1977
    • Rent
    • Rent Per SQFT
    •  
    • $2,580
    • $1.27
    •  
  • 8278 Helms Avenue Rancho Cucamonga, CA 1
    • 4 beds 1 baths ∙ 1,890 Sqft ∙ Built 1977 4 beds 1 baths ∙ 1,890 Sqft ∙ Built 1977
    LEASED 10/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.24
    •  
  • 9975 Mckinley Street Rancho Cucamonga, CA 2
    • 4 beds 3 baths ∙ 1,920 Sqft ∙ Built 1977 4 beds 3 baths ∙ 1,920 Sqft ∙ Built 1977
    LEASED 12/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.22
    •  
  • 10035 Mckinley Street Rancho Cucamonga, CA 3
    • 4 beds 2 baths ∙ 1,920 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,920 Sqft ∙ Built 1977
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.28
    •  
  • 9372 Calle Vejar Rancho Cucamonga, CA 5
    • 5 beds 2 baths ∙ 2,000 Sqft ∙ Built 1977 5 beds 2 baths ∙ 2,000 Sqft ∙ Built 1977
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,675
    • $1.34
    •  
PROPERTY LISTING DETAILS
Cristina Walsh
Realty Masters & Associates
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20218260
Last Updated: 10/29/2020
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