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9718 Manzanita Drive Rancho Cucamonga, CA 91737

4 Beds 2 Baths 2,104 sqft Built 1980

$779,000

List Price

$3,140

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $370.25
  • 2 Days on Market
  • MLS # : CV20233532
  • Updated Date : 12/05/2020 at 13:07
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,104 sqft
  • Baths : 2 full
Listing Agent

Berkshire Hath Hm Svcs Ca Prop

Listing Agent's Description

Single story 4 BD, 2 BA, cul-de-sac home w/3 car garage. Custom, concrete driveway w/paver walk past a foam jet fountain to double door entry. Upon opening the door, a large view of the back yard. Entry has high ceiling with large fan w/upper & lower light. To the right, the living room & dining area. Straight ahead the family room, casual dining & kitchen. Newer kitchen cabinets (Lazy Susan, Trash & Pull Outs), Quartz counter & Glass backsplash completed 10/18. Off family room is one bedroom w/French doors (used as an office). The Laundry area/exit to garage are next. Cabinets in laundry to ceiling w/2 hamper drawers. Small counter at back door. Master Bedroom has ceiling fan, sitting area, dressing area w/double sinks, Mirrored wardrobe walk in closet. Toilet & custom shower/tub is separated. Step down into tub/shower which has rain shower head, 4 body jets & handheld. Garden view from large bath/shower windows. 2 other bedrooms with ceiling fans w/lights & wardrobe mirrors. New carpet 10/20. Light and airy w/6 tube skylights & additional lighting in office, family room. Back Yard: Tropical & lots of water! 3 tier fountain off large aluminum patio cover. Up the rock stairs past the rose garden to pool & spa with newer plaster, tile & heater 7/19. Beyond pool is a separated work area, shed & Bridle Trail access with double gate. Garden pond with small waterfall on side yard & dog run! Lots of tropical plants, palms and succulents. Feels very private!

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: Alta Loma

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $149k785k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Alta Loma

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2120014001600180020002200240026002800Rent in $10822925

* 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
Hermosa Elementary School Primary Regular 527 20 6
Vineyard Junior High School Middle Regular 752 27 9
Los Osos High School High Regular 3,211 114 9

Hermosa Elementary School

  • Education Level: Primary
  • # of students: 527
  • # of teachers: 20
6
GreatSchools Rating

Vineyard Junior High School

  • Education Level: Middle
  • # of students: 752
  • # of teachers: 27
9
GreatSchools Rating

Los Osos High School

  • Education Level: High
  • # of students: 3,211
  • # of teachers: 114
9
GreatSchools Rating
 

$701,100$856,900$779,000

PURCHASE PRICE

$2,826$3,454$3,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,140
EXPENSES Loan Payment -$2,874
Property Tax -$743
Property Insurance -$78
Property Management Fees -$185
CASH FLOW
-$741

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.

$779,000

PROJECTED PRICE

$3,140

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 5.5%
Maintenance Year (1-5) 8.00%
Vacancy 5.35%
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-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$20k

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$212,185

INVESTMENT

$212,185

Down Payment
$194,750
Rehab Estimate
$5,750
Closing Costs
$11,685

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,874

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $194,750
Loan Amount $584,250
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$6,960

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,140

    LIST RENT
  • $1.49

    LIST RENT PER SQFT
  • $2,509

    COMP ESTIMATED VALUE
  • $1.19

    COMP AVG. RENT PER SQFT
Comps Range
$2,680
1$2,6802$2,8003$2,8004$3,0005$3,140
$3,140
RENT COMPS ANALYSIS
  • 9718 Manzanita Drive Rancho Cucamonga, CA 5
    • 4 beds 2 baths ∙ 2,104 Sqft ∙ Built 1980 4 beds 2 baths ∙ 2,104 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $3,140
    • $1.49
    •  
  • 10140 Saddlehill Rancho Cucamonga, CA 1
    • 3 beds 3 baths ∙ 2,290 Sqft ∙ Built 1988 3 beds 3 baths ∙ 2,290 Sqft ∙ Built 1988
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,680
    • $1.17
    •  
  • 10122 Saddlehill Terrace Alta Loma, CA 2
    • 4 beds 4 baths ∙ 2,419 Sqft ∙ Built 1988 4 beds 4 baths ∙ 2,419 Sqft ∙ Built 1988
    LEASED 09/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.16
    •  
  • 10177 Saddlehill Rancho Cucamonga, CA 3
    • 4 beds 3 baths ∙ 2,290 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,290 Sqft ∙ Built 1988
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.22
    •  
  • 9756 Via Esperanza Rancho Cucamonga, CA 4
    • 5 beds 3 baths ∙ 2,449 Sqft ∙ Built 1999 5 beds 3 baths ∙ 2,449 Sqft ∙ Built 1999
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.22
    •  
PROPERTY LISTING DETAILS
Deborah Thompson
Berkshire Hath Hm Svcs Ca Prop
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20233532
Last Updated: 12/05/2020
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