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7490 Hyssop Drive Rancho Cucamonga, CA 91739

3 Beds 2 Baths 1,624 sqft Built 1977

INVESTimate

$550,000

List Price

$2,190

$1,971 - $2,409

Rent Est.

$586,905  ( +6.71%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1977
  • Price/Sqft : $338.67
  • 9 Days on Market
  • MLS # : CV20168749
  • Updated Date : 08/18/2020 at 14:52
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,624 sqft
  • Baths : 2 full
Listing Agent

Mainstreet Realtors

Listing Agent's Description

Beautiful remodeled single story home in Rancho Cucamonga! Found within the highly acclaimed Etiwanda School District! Walking distance to fine dining, shopping, the Pacific Trail, and so much more! This home is truly a must see! Intelligently designed home, with drought tolerant landscaping and a low maintenance back yard including a spacious covered patio! This stunning three bedroom, two bath home includes elegant bamboo flooring and fresh new carpet throughout. This charming home is situated on a quiet street with a gorgeous backdrop of the mountains. Make this house your home today!

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: Rancho Cucamonga

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $149k597k

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

Neighborhood: Rancho Cucamonga

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2110012001300140015001600170018001900200021002200230024002500Rent in $10822522

* 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
Terra Vista Elementary School Primary Regular 772 31 10
Etiwanda Intermediate School Middle Regular 1,305 51 8
Rancho Cucamonga High School High Regular 3,462 123 9

Terra Vista Elementary School

  • Education Level: Primary
  • # of students: 772
  • # of teachers: 31
10
GreatSchools Rating

Etiwanda Intermediate School

  • Education Level: Middle
  • # of students: 1,305
  • # of teachers: 51
8
GreatSchools Rating

Rancho Cucamonga High School

  • Education Level: High
  • # of students: 3,462
  • # of teachers: 123
9
GreatSchools Rating
 

$495,000$605,000$550,000

PURCHASE PRICE

$1,971$2,409$2,190

RENT

DOWN PAYMENT
FINANCING

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,190
EXPENSES Loan Payment -$2,029
Property Tax -$506
Property Insurance -$67
Property Management Fees -$129
CASH FLOW
-$541

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.

$550,000

PROJECTED PRICE

$2,190

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 6.71%
Maintenance Year (1-5) 8.00%
Vacancy 5.35%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,500

INVESTMENT

$151,500

Down Payment
$137,500
Rehab Estimate
$5,750
Closing Costs
$8,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,029

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $137,500
Loan Amount $412,500
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$4,105

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,190

    LIST RENT
  • $1.35

    LIST RENT PER SQFT
  • $2,383

    COMP ESTIMATED VALUE
  • $1.47

    COMP AVG. RENT PER SQFT
Comps Range
$2,190
1$2,1902$2,3003$2,3504$2,4005$2,600
$2,600
RENT COMPS ANALYSIS
  • 7490 Hyssop Drive Rancho Cucamonga, 1
    • 3 beds 2 baths ∙ 1,624 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,624 Sqft ∙ Built 1977
    • Rent
    • Rent Per SQFT
    •  
    • $2,190
    • $1.35
    •  
  • 7500 Henbane Street Rancho Cucamonga, 2
    • 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 1977
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.47
    •  
  • 7658 Hyssop Drive Rancho Cucamonga, 3
    • 3 beds 2 baths ∙ 1,657 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,657 Sqft ∙ Built 1976
    LEASED 10/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.42
    •  
  • 7269 Cosenza Place Rancho Cucamonga, 4
    • 3 beds 3 baths ∙ 1,603 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,603 Sqft ∙ Built 1994
    LEASED 11/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.50
    •  
  • 7070 Pizzoli Place Rancho Cucamonga, 5
    • 4 beds 3 baths ∙ 1,759 Sqft ∙ Built 1989 4 beds 3 baths ∙ 1,759 Sqft ∙ Built 1989
    LEASED 10/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.48
    •  
PROPERTY LISTING DETAILS
Jason Khorramian
Mainstreet Realtors
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20168749
Last Updated: 08/18/2020
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