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PROPERTY INFO
FACTS
- Single Family
- Built In 1984
- Price/Sqft : $277.03
- 6 Days on Market
- MLS # : CV20257425
- Updated Date : 12/15/2020 at 18:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,480 sqft
- Baths : 2 full , 1 half
Listing Agent
Cal American Homes And Realty
Listing Agent's Description
Pristine condition remodeled condo located in a highly desirable community of North Rancho Cucamonga. The floor plan utilizes all the available square footage giving this home a very spacious feel while giving you form and functionality. Pride of ownership is the best way to sum up this lovely home. Very well maintained with upgrades throughout. Front porch for added entertaining space. 2 car garage with direct access into the home. Association is loaded with amenities. Pool, spa, BBQ area, tennis courts and clubhouse. The home is within the Chaffey school district and the kids will attend Alta Loma High School. Centrally located between the 210 and 10 freeways. Shops, dining and entertainment is all within a couple minutes drive. This is a rare opportunity to live in one of the most coveted communities in the Inland Empire.
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MARKET HIGHLIGHTS
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Rancho Cucamonga
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: 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 | -$1,513 |
| Property Tax | -$388 | |
| Property Insurance | -$63 | |
| HOA | -$300 | |
| Property Management Fees | -$136 | |
|
CASH FLOW
-$100
|
||
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.
$410,000
PROJECTED PRICE
$2,300
PROJECTED RENT
0.56%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.95% |
| Appreciation Year (1-5) | 6.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.35% |
| 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
$114,400
LOAN DETAILS
$1,513
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $102,500 |
| Loan Amount | $307,500 |
4.17
YEARS SAVED
$19,120
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 -
$1.55
LIST RENT PER SQFT
-
$2,301
COMP ESTIMATED VALUE -
$1.56
COMP AVG. RENT PER SQFT
Comps Range
-
9756 Louise Way Rancho Cucamonga, CA 3
- 3 beds 3 baths ∙ 1,480 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,480 Sqft ∙ Built 1984
- Rent
- Rent Per SQFT
- $2,300
- $1.55
-
9814 Louise Way Rancho Cucamonga, CA 1
- 3 beds 3 baths ∙ 1,480 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,480 Sqft ∙ Built 1985
LEASED 09/15/20- Rent
- Rent Per SQFT
- $2,175
- $1.47
-
7970 Cambridge Avenue Rancho Cucamonga, CA 2
- 3 beds 2 baths ∙ 1,576 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,576 Sqft ∙ Built 1977
LEASED 04/01/20- Rent
- Rent Per SQFT
- $2,300
- $1.46
-
9810 Madonna Court Rancho Cucamonga, CA 4
- 3 beds 3 baths ∙ 1,480 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,480 Sqft ∙ Built 1985
LEASED 04/11/20- Rent
- Rent Per SQFT
- $2,395
- $1.62
-
7958 Cambridge Avenue Rancho Cucamonga, CA 5
- 3 beds 2 baths ∙ 1,588 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,588 Sqft ∙ Built 1977
LEASED 09/30/20- Rent
- Rent Per SQFT
- $2,650
- $1.67
PROPERTY LISTING DETAILS
Cal American Homes And Realty
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: CV20257425
Last Updated: 12/15/2020
