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7533 Matterhorn Avenue Rancho Cucamonga, CA 91730

4 Beds 2 Baths 1,982 sqft Built 1977

$580,000

List Price

$2,610

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $292.63
  • 11 Days on Market
  • MLS # : CV20264969
  • Updated Date : 01/08/2021 at 19:03
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,982 sqft
  • Baths : 2 full
Listing Agent

Kaleo Real Estate Company

Listing Agent's Description

Nestled in Rancho Cucamonga this charming and upgraded single story home is ready for you to make it your own. Gourmet kitchen boasts pantry, granite counter tops, island, dry bar and ample cabinet and counter space. Perfect for whipping up your family’s favorite meal or entertaining guests! The Master bedroom has lots of space and the master bath has a walk-in shower. Remaining bedrooms and bath are sizable to accommodate all your family’s needs. The upgrades do not stop there. There is one extra room, that you could use as an office, kids playroom, a doggie room. It does NOT have a closet so it is a bonus room. You have to see it to believe it. You will have to take over the Solar City solar lease to save hundreds on electricity. Home also features 2 car garage attached with a huge walk in shed in the back yard, and 2 wood decks to entertain your family and friends. You do not want to miss the opportunity to call this home and have access to Award winning schools!

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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
Dona Merced Elementary School Primary Regular 602 23 7
Ruth Musser Middle School Middle Regular 976 39 7
Rancho Cucamonga High School High Regular 3,462 123 9

Dona Merced Elementary School

  • Education Level: Primary
  • # of students: 602
  • # of teachers: 23
7
GreatSchools Rating

Ruth Musser Middle School

  • Education Level: Middle
  • # of students: 976
  • # of teachers: 39
7
GreatSchools Rating

Rancho Cucamonga High School

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

$522,000$638,000$580,000

PURCHASE PRICE

$2,349$2,871$2,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,610
EXPENSES Loan Payment -$2,015
Property Tax -$542
Property Insurance -$75
Property Management Fees -$154
CASH FLOW
-$175

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.

$580,000

PROJECTED PRICE

$2,610

PROJECTED RENT

0.45%

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$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$159,450

INVESTMENT

$159,450

Down Payment
$145,000
Rehab Estimate
$5,750
Closing Costs
$8,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,015

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $145,000
Loan Amount $435,000
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$22,775

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,610

    LIST RENT
  • $1.32

    LIST RENT PER SQFT
  • $2,601

    COMP ESTIMATED VALUE
  • $1.31

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,3003$2,3704$2,6105$2,875
$2,875
RENT COMPS ANALYSIS
  • 7533 Matterhorn Avenue Rancho Cucamonga, CA 4
    • 4 beds 2 baths ∙ 1,982 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,982 Sqft ∙ Built 1977
    • Rent
    • Rent Per SQFT
    •  
    • $2,610
    • $1.32
    •  
  • 10150 Golden Yarrow Lane Alta Loma, CA 1
    • 4 beds 2 baths ∙ 1,645 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,645 Sqft ∙ Built 1979
    LEASED 09/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.28
    •  
  • 7642 Ramona Avenue Rancho Cucamonga, CA 2
    • 4 beds 2 baths ∙ 1,824 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,824 Sqft ∙ Built 1977
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.26
    •  
  • 7351 Greenhaven Avenue Rancho Cucamonga, CA 3
    • 3 beds 3 baths ∙ 1,818 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,818 Sqft ∙ Built 1990
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,370
    • $1.30
    •  
  • 10344 Mignonette Street Rancho Cucamonga, CA 5
    • 4 beds 3 baths ∙ 2,040 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,040 Sqft ∙ Built 1977
    LEASED 08/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,875
    • $1.41
    •  
PROPERTY LISTING DETAILS
Victoria Maliszewski
Kaleo Real Estate Company
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20264969
Last Updated: 01/08/2021
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