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7518 Pepper Street Rancho Cucamonga, CA 91730

3 Beds 2 Baths 1,244 sqft Built 1976

$515,000

List Price

$2,010

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

December 08, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1976
  • Price/Sqft : $413.99
  • 7 Days on Market
  • MLS # : CV20252653
  • Updated Date : 12/11/2020 at 19:38
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,244 sqft
  • Baths : 2 full
Listing Agent

The Whiting Co Realtors, Inc.

Listing Agent's Description

Enter this 3 bedroom, 2 bathroom, turn-key, single story, Rancho Cucamonga home, into a spacious living room with recessed lighting, tile flooring, and where the focal point is the inviting fireplace with an oak mantel and stone hearth. Kraft-maid maple cabinetry, granite counter tops with backsplash, black appliances, new faucet, new dishwasher, and tile flooring offer an attractive kitchen and dinning area. The master bedroom has a connecting master bathroom with freshly epoxy coated shower and new enclosure doors, new sink and faucet, new wall lighting. The 1 1/2 year-old bedroom carpets have been steam-cleaned. All bedrooms have lighted ceiling fans. The hallway, full bathroom with jacuzzi tub, has a hint of retro style. The 2-car garage, with a new garage door, provides direct access into the kitchen and to the private backyard patio. Windows are Milgard, dual-pane. Shutters cover the windows. Air conditioner and heating, ducting, and insulation are all nearly new. LED lighting. New interior paint. This home offers gated RV parking on the side of the house with sewer and water hookups. The front yard provides an additional sewer hookup. This home that offers so much, has a private, locked gate, access from the back yard to the Pacific Electric Trail where new owner can enjoy biking and walking! Owner has a First American Home Warranty.

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MARKET HIGHLIGHTS

  • 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.
  • 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)

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
Valle Vista Elementary School Primary Regular 508 19 6
Cucamonga Middle School Middle Regular 816 35 7
Alta Loma High School High Regular 2,648 100 8

Valle Vista Elementary School

  • Education Level: Primary
  • # of students: 508
  • # of teachers: 19
6
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
 

$463,500$566,500$515,000

PURCHASE PRICE

$1,809$2,211$2,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,010
EXPENSES Loan Payment -$1,900
Property Tax -$476
Property Insurance -$57
Property Management Fees -$119
CASH FLOW
-$542

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.

$515,000

PROJECTED PRICE

$2,010

PROJECTED RENT

0.39%

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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$142,225

INVESTMENT

$142,225

Down Payment
$128,750
Rehab Estimate
$5,750
Closing Costs
$7,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,900

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $128,750
Loan Amount $386,250
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$2,695

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,010

    LIST RENT
  • $1.62

    LIST RENT PER SQFT
  • $2,028

    COMP ESTIMATED VALUE
  • $1.63

    COMP AVG. RENT PER SQFT
Comps Range
$2,010
1$2,0102$2,3003$2,3004$2,3005$2,400
$2,400
RENT COMPS ANALYSIS
  • 7518 Pepper Street Rancho Cucamonga, CA 1
    • 3 beds 2 baths ∙ 1,244 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,244 Sqft ∙ Built 1976
    • Rent
    • Rent Per SQFT
    •  
    • $2,010
    • $1.62
    •  
  • 7051 Newton Place Rancho Cucamonga, CA 2
    • 3 beds 3 baths ∙ 1,400 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,400 Sqft ∙ Built 1986
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.64
    •  
  • 8202 Montara Avenue Rancho Cucamonga, CA 3
    • 4 beds 2 baths ∙ 1,426 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,426 Sqft ∙ Built 1978
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.61
    •  
  • 8934 Sage Court Rancho Cucamonga, CA 4
    • 3 beds 3 baths ∙ 1,440 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,440 Sqft ∙ Built 1986
    LEASED 03/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.60
    •  
  • 8953 Avalon Street Rancho Cucamonga, CA 5
    • 3 beds 3 baths ∙ 1,440 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,440 Sqft ∙ Built 1985
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.67
    •  
PROPERTY LISTING DETAILS
Lydia Mangaroni
The Whiting Co Realtors, Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20252653
Last Updated: 12/11/2020
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