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7635 Ramona Avenue Rancho Cucamonga, CA 91730

4 Beds 2 Baths 2,070 sqft Built 1988

$629,900

List Price

$2,700

$2.5K - $3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $304.30
  • 5 Days on Market
  • MLS # : CV21032117
  • Updated Date : 02/18/2021 at 11:39
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,070 sqft
  • Baths : 2 full
Listing Agent

Smart Sell Real Estate

Listing Agent's Description

Perfectly positioned on an enviable corner lot in a great neighborhood is this well-presented single-story home. New exterior paint adds instant curb appeal while inside, you’ll discover a light-filled and generously-sized layout that’s perfectly designed for contemporary comfort. Laminate flooring flows underfoot and draws you through from the hallway to the family room, and the kitchen offers easy-care tiles. Here, the home chef will also appreciate the quality appliances, tiled countertops, and all-white cabinetry. The bedrooms are comfortable and inviting, including the master with converted closets, updated flooring, patio access, and an ensuite bath with a large walk-in/roll-in shower. Year-round comfort is assured with double-pane and low-E windows along with a 5-ton AC unit, ceiling fans, programmable temp control, and skylights. There’s also an attached garage with an attic ladder, driveway parking for four vehicles, plus room for an RV. You’ll love to relax on the updated front and back patios while taking in the peaceful surroundings and manicured planters with vibrant flowers. All this and so much more awaits in this move-in ready abode, so come take a tour to see it all for yourself!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
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

Rancho Cucamonga High School

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

$566,910$692,890$629,900

PURCHASE PRICE

$2,430$2,970$2,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,700
EXPENSES Loan Payment -$2,188
Property Tax -$588
Property Insurance -$77
Property Management Fees -$159
CASH FLOW
-$313

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.

$629,900

PROJECTED PRICE

$2,700

PROJECTED RENT

0.43%

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-$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$172,674

INVESTMENT

$172,674

Down Payment
$157,475
Rehab Estimate
$5,750
Closing Costs
$9,449

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,188

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $157,475
Loan Amount $472,425
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$16,350

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,700

    LIST RENT
  • $1.3

    LIST RENT PER SQFT
  • $2,970

    COMP ESTIMATED VALUE
  • $1.44

    COMP AVG. RENT PER SQFT
Comps Range
$2,480
1$2,4802$2,5003$2,7004$2,8505$3,000
$3,000
RENT COMPS ANALYSIS
  • 7635 Ramona Avenue Rancho Cucamonga, CA 3
    • 4 beds 2 baths ∙ 2,070 Sqft ∙ Built 1988 4 beds 2 baths ∙ 2,070 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.30
    •  
  • 7744 Ashbury Court Rancho Cucamonga, CA 1
    • 4 beds 3 baths ∙ 1,862 Sqft ∙ Built 2004 4 beds 3 baths ∙ 1,862 Sqft ∙ Built 2004
    LEASED 03/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,480
    • $1.33
    •  
  • 9623 Church Street Rancho Cucamonga, CA 2
    • 3 beds 2 baths ∙ 1,732 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,732 Sqft ∙ Built 1975
    LEASED 02/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.44
    •  
  • 10375 Church Street Rancho Cucamonga, CA 4
    • 4 beds 3 baths ∙ 1,985 Sqft ∙ Built 2008 4 beds 3 baths ∙ 1,985 Sqft ∙ Built 2008
    LEASED 11/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.44
    •  
  • 9751 Walnut Court Rancho Cucamonga, CA 5
    • 4 beds 2 baths ∙ 1,956 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,956 Sqft ∙ Built 2004
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.53
    •  
PROPERTY LISTING DETAILS
Julian Lopez
Smart Sell Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21032117
Last Updated: 02/18/2021
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