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7760 Buena Vista Drive Rancho Cucamonga, CA 91730

4 Beds 2 Baths 2,012 sqft Built 1962

$760,000

List Price

$3,120

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1962
  • Price/Sqft : $377.73
  • 7 Days on Market
  • MLS # : CV21033255
  • Updated Date : 02/22/2021 at 10:10
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,012 sqft
  • Baths : 2 full
Listing Agent

Realty One Group West

Listing Agent's Description

Sought after Red Hill Country Club neighborhood, and nestled on nearly 1/3 acre of lush green landscape and bearing fruit trees is this 4 bedroom Beauty. A true entertainers delight offering custom kitchen cabinets and granite counters, stainless appliances, large family room with fireplace, 4 bedrooms (Two Master suites) one on first level. 2 3/4 baths custom upgraded baths, Multi level patios for family gatherings cookouts and privacy, and gorgeous evening views. So many amenities including interior travertine floors, outside gardens terraced and landscaped, custom driveway and additional on site parking, storage shed and more. A absolute must see.

SEE MORE

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
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
 

$684,000$836,000$760,000

PURCHASE PRICE

$2,808$3,432$3,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,120
EXPENSES Loan Payment -$2,640
Property Tax -$717
Property Insurance -$76
Property Management Fees -$184
CASH FLOW
-$497

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.

$760,000

PROJECTED PRICE

$3,120

PROJECTED RENT

0.41%

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$207,150

INVESTMENT

$207,150

Down Payment
$190,000
Rehab Estimate
$5,750
Closing Costs
$11,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,640

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $190,000
Loan Amount $570,000
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$13,038

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,120

    LIST RENT
  • $1.55

    LIST RENT PER SQFT
  • $3,073

    COMP ESTIMATED VALUE
  • $1.53

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,7003$3,1004$3,1205$3,275
$3,275
RENT COMPS ANALYSIS
  • 7760 Buena Vista Drive Alta Loma, CA 4
    • 4 beds 2 baths ∙ 2,012 Sqft ∙ Built 1962 4 beds 2 baths ∙ 2,012 Sqft ∙ Built 1962
    • Rent
    • Rent Per SQFT
    •  
    • $3,120
    • $1.55
    •  
  • 9623 Church Street Rancho Cucamonga, CA 1
    • 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
    •  
  • 951 Saint Andrews Drive Upland, CA 2
    • 3 beds 2 baths ∙ 1,994 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,994 Sqft ∙ Built 1982
    LEASED 12/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.35
    •  
  • 8036 Valle Vista Drive Rancho Cucamonga, CA 3
    • 3 beds 3 baths ∙ 1,900 Sqft ∙ Built 1977 3 beds 3 baths ∙ 1,900 Sqft ∙ Built 1977
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.63
    •  
  • 8080 Calle Carabe Place Rancho Cucamonga, CA 5
    • 3 beds 3 baths ∙ 1,936 Sqft ∙ Built 1977 3 beds 3 baths ∙ 1,936 Sqft ∙ Built 1977
    LEASED 09/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,275
    • $1.69
    •  
PROPERTY LISTING DETAILS
Carolyn Ward
Realty One Group West
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21033255
Last Updated: 02/22/2021
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