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7495 Malven Rancho Cucamonga, CA 91730

5 Beds 3 Baths 2,557 sqft Built 1978

$695,000

List Price

$2,930

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

November 25, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $271.80
  • 5 Days on Market
  • MLS # : IG20246827
  • Updated Date : 11/25/2020 at 15:14
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,557 sqft
  • Baths : 3 full
Listing Agent

Alliance Residential

Listing Agent's Description

This beautiful 5 bedroom 3 bath home offers 2,557 sq/ft of living space that will welcome you home and provide spacious tranquility. The kitchen will please any chef with its stainless steel appliances which can stay with a full price offer. Including a five burner stove, beautiful cherry cabinetry and lots of counter space. The interior of the house has features many amenities, including granite counter tops in the bathrooms along with upgraded glass shower stalls. This home features a second story loft area with basic kitchenette! The upper bedroomsand loft have newer wood laminate flooring. Down below in the kitchen, dining, living and family rooms there is tile throughout. Cedar lined closets. The living room has ample space for entertaining guests and provides an inviting fireplace to warm you on a cold winters night. The back yard is large enough for many possible future plans and has a newer patio cover. The driveway extends all the way to the backyard for RV parking. The garage has ample storage space for any garage enthusiast. Don't miss out on this excellent opportunity in the beautiful city of Rancho Cucamonga.

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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

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
Central Elementary School Primary Regular 510 19 4
Cucamonga Middle School Middle Regular 816 35 7
Rancho Cucamonga High School High Regular 3,462 123 9

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

Rancho Cucamonga High School

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

$625,500$764,500$695,000

PURCHASE PRICE

$2,637$3,223$2,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,930
EXPENSES Loan Payment -$2,564
Property Tax -$649
Property Insurance -$89
Property Management Fees -$173
CASH FLOW
-$545

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.

$695,000

PROJECTED PRICE

$2,930

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$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$189,925

INVESTMENT

$189,925

Down Payment
$173,750
Rehab Estimate
$5,750
Closing Costs
$10,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,564

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $173,750
Loan Amount $521,250
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$11,208

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,930

    LIST RENT
  • $1.15

    LIST RENT PER SQFT
  • $2,883

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$2,450
1$2,4502$2,7003$2,8004$2,8005$2,930
$2,930
RENT COMPS ANALYSIS
  • 7495 Malven Rancho Cucamonga, CA 5
    • 5 beds 3 baths ∙ 2,557 Sqft ∙ Built 1978 5 beds 3 baths ∙ 2,557 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $2,930
    • $1.15
    •  
  • 6215 Kirkwood Avenue Alta Loma, CA 1
    • 4 beds 3 baths ∙ 2,311 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,311 Sqft ∙ Built 1977
    LEASED 08/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.06
    •  
  • 6439 Zircon Avenue Alta Loma, CA 2
    • 5 beds 2 baths ∙ 2,564 Sqft ∙ Built 1970 5 beds 2 baths ∙ 2,564 Sqft ∙ Built 1970
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.05
    •  
  • 6440 Opal Street Rancho Cucamonga, CA 3
    • 5 beds 2 baths ∙ 2,364 Sqft ∙ Built 1971 5 beds 2 baths ∙ 2,364 Sqft ∙ Built 1971
    LEASED 12/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.18
    •  
  • 9339 Ledig Drive Rancho Cucamonga, CA 4
    • 4 beds 3 baths ∙ 2,293 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,293 Sqft ∙ Built 1995
    LEASED 09/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.22
    •  
PROPERTY LISTING DETAILS
Edward Ornelas
Alliance Residential
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IG20246827
Last Updated: 11/25/2020
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