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7695 Lion Street Rancho Cucamonga, CA 91730

3 Beds 1 Baths 1,434 sqft Built 1986

$565,000

List Price

$2,230

$2K - $2.5K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1986
  • Price/Sqft : $394.00
  • 4 Days on Market
  • MLS # : CV20234220
  • Updated Date : 11/06/2020 at 12:09
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,434 sqft
  • Baths : 1 full
Listing Agent

Gushue Real Estate

Listing Agent's Description

Remodeled and ready for new owners. Quartz counters, porcelain tile floors, decorative tiled showers, vaulted ceilings, dual paned windows. Formal living accommodations with cozy fireplace. Family room with backyard access. Master with lots of light an ensuite bathroom. All bedrooms have mirrored closet doors.

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
 

$508,500$621,500$565,000

PURCHASE PRICE

$2,007$2,453$2,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,230
EXPENSES Loan Payment -$2,085
Property Tax -$522
Property Insurance -$62
Property Management Fees -$132
CASH FLOW
-$570

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.

$565,000

PROJECTED PRICE

$2,230

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$155,475

INVESTMENT

$155,475

Down Payment
$141,250
Rehab Estimate
$5,750
Closing Costs
$8,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,085

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $141,250
Loan Amount $423,750
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$3,744

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,230

    LIST RENT
  • $1.56

    LIST RENT PER SQFT
  • $2,273

    COMP ESTIMATED VALUE
  • $1.59

    COMP AVG. RENT PER SQFT
Comps Range
$2,230
1$2,2302$2,3003$2,3954$2,4005$2,400
$2,400
RENT COMPS ANALYSIS
  • 7695 Lion Street Rancho Cucamonga, CA 1
    • 3 beds 1 baths ∙ 1,434 Sqft ∙ Built 1986 3 beds 1 baths ∙ 1,434 Sqft ∙ Built 1986
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,230
    • $1.56
    •  
  • 8202 Montara Avenue Rancho Cucamonga, CA 2
    • 4 beds 2 baths ∙ 1,426 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,426 Sqft ∙ Built 1978
    property image
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.61
    •  
  • 9810 Madonna Court Rancho Cucamonga, CA 3
    • 3 beds 3 baths ∙ 1,480 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,480 Sqft ∙ Built 1985
    property image
    LEASED 04/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.62
    •  
  • 9968 Palo Alto Street Rancho Cucamonga, CA 4
    • 4 beds 2 baths ∙ 1,491 Sqft ∙ Built 1988 4 beds 2 baths ∙ 1,491 Sqft ∙ Built 1988
    property image
    LEASED 03/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.61
    •  
  • 9017 Chianti Court Rancho Cucamonga, CA 5
    • 3 beds 2 baths ∙ 1,599 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,599 Sqft ∙ Built 1977
    property image
    LEASED 04/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.50
    •  
PROPERTY LISTING DETAILS
Daniel Gushue
Gushue Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20234220
Last Updated: 11/06/2020
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