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7534 Cerrito Rojo Drive Rancho Cucamonga, CA 91730

4 Beds 3 Baths 2,742 sqft Built 1960

$869,800

List Price

$3,090

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1960
  • Price/Sqft : $317.21
  • 6 Days on Market
  • MLS # : CV20263953
  • Updated Date : 12/31/2020 at 15:02
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,742 sqft
  • Baths : 3 full
Listing Agent

Eva Mei-may Wong, Broker

Listing Agent's Description

Welcome to this beautiful turn-key ready home in the city of Rancho Cucamonga! Located in the prestigious Red Hill Country Club Community. Some of the MANY upgrades include New paint on the entire interior of the house, Remodeled pool room including carpet and custom drapes. Boasting 4 bedrooms, 3 bathrooms, and approximately 2,742 square feet of living space, this home is waiting for you to start making memories to last a lifetime! Upon entry, you are welcomed with a comfortable living room with a cozy fireplace and a formal dining room with hardwood floors. Beautiful laminate flooring throughout the living areas.Great kitchen with plenty of counter space and lots of built-in cabinetry for storage. Completely remodeled master bedroom and bath with Italian marble and spa tub. Three additional spacious bedrooms.Low energy two-zone air conditioning unit and all new ducts. Huge Back yard with partially covered Patio and a gorgeous pool! Completely rebuild the pool including removal of all plaster, concrete, and rebar as needed. New block wall around the entire rear yard installed and painted. Let your imagination run wild with this large backyard with plenty of room for all you envision. Conveniently located in the heart of Rancho Cucamonga, close to fantastic restaurants, great shopping, grocery stores, parks, hiking trails, top-rated schools, and convenient freeway access. This one won't last! Act Fast!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (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
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
 

$782,820$956,780$869,800

PURCHASE PRICE

$2,781$3,399$3,090

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,090
EXPENSES Loan Payment -$3,209
Property Tax -$799
Property Insurance -$94
Property Management Fees -$182
CASH FLOW
-$1,194

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.

$869,800

PROJECTED PRICE

$3,090

PROJECTED RENT

0.36%

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$2.5M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$236,247

INVESTMENT

$236,247

Down Payment
$217,450
Rehab Estimate
$5,750
Closing Costs
$13,047

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,209

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $217,450
Loan Amount $652,350
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$436

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,090

    LIST RENT
  • $1.13

    LIST RENT PER SQFT
  • $3,117

    COMP ESTIMATED VALUE
  • $1.14

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$2,8003$3,0904$3,200
$3,200
RENT COMPS ANALYSIS
  • 7534 Cerrito Rojo Drive Rancho Cucamonga, CA 3
    • 4 beds 3 baths ∙ 2,742 Sqft ∙ Built 1960 4 beds 3 baths ∙ 2,742 Sqft ∙ Built 1960
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,090
    • $1.13
    •  
  • 6439 Zircon Avenue Alta Loma, CA 1
    • 5 beds 2 baths ∙ 2,564 Sqft ∙ Built 1970 5 beds 2 baths ∙ 2,564 Sqft ∙ Built 1970
    property image
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.05
    •  
  • 6285 Sacramento Avenue Rancho Cucamonga, CA 2
    • 4 beds 3 baths ∙ 2,743 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,743 Sqft ∙ Built 1977
    property image
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.02
    •  
  • 1395 N Euclid Avenue Upland, CA 4
    • 5 beds 3 baths ∙ 2,393 Sqft ∙ Built 1956 5 beds 3 baths ∙ 2,393 Sqft ∙ Built 1956
    property image
    LEASED 08/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.34
    •  
PROPERTY LISTING DETAILS
Danny Gomes
Eva Mei-may Wong, Broker
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20263953
Last Updated: 12/31/2020
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