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7814 Perlite Avenue Rancho Cucamonga, CA 91730

4 Beds 2 Baths 1,932 sqft Built 1978

$699,000

List Price

$2,620

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $361.80
  • 3 Days on Market
  • MLS # : 531565
  • Updated Date : 01/29/2021 at 15:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,932 sqft
  • Baths : 2 full
Listing Agent

Realty One Group Empire

Listing Agent's Description

This GORGEOUS IMMACULATE home is located at the end of a Cut-de-sac in a well established Rancho Cucamonga neighborhood. Take a look at the pictures and see all of the GORGEOUS upgrades. A Walk-in Pantry and a Wet bar are an added BONUS. THE 424 sqft PERMITED BONUS ROOM IS reflected in this listing. The floor plan is set up for entertaining with a large perfectly manicured backyard. This home is A MUST SEE! Association Amenities: None # of RV Spaces: 0 Special Features: PTRY,WBNONE Lot Location Type: Standard Location # of Attached Spaces: 2 # of Detached Spaces: 0

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
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
 

$629,100$768,900$699,000

PURCHASE PRICE

$2,358$2,882$2,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,620
EXPENSES Loan Payment -$2,428
Property Tax -$653
Property Insurance -$74
Property Management Fees -$155
CASH FLOW
-$689

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.

$699,000

PROJECTED PRICE

$2,620

PROJECTED RENT

0.37%

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

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$190,985

INVESTMENT

$190,985

Down Payment
$174,750
Rehab Estimate
$5,750
Closing Costs
$10,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,428

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $174,750
Loan Amount $524,250
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$3,052

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,620

    LIST RENT
  • $1.36

    LIST RENT PER SQFT
  • $2,792

    COMP ESTIMATED VALUE
  • $1.44

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,5003$2,5004$2,5005$2,620
$2,620
RENT COMPS ANALYSIS
  • 7814 Perlite Avenue Rancho Cucamonga, CA 5
    • 4 beds 2 baths ∙ 1,932 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,932 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $2,620
    • $1.36
    •  
  • 7925 Kirkwood Court Rancho Cucamonga, CA 1
    • 4 beds 3 baths ∙ 1,750 Sqft ∙ Built 1976 4 beds 3 baths ∙ 1,750 Sqft ∙ Built 1976
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.43
    •  
  • 7679 Whitney Court Rancho Cucamonga, CA 2
    • 4 beds 3 baths ∙ 1,737 Sqft ∙ Built 1987 4 beds 3 baths ∙ 1,737 Sqft ∙ Built 1987
    LEASED 01/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.44
    •  
  • 9623 Church Street Rancho Cucamonga, CA 3
    • 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
    •  
  • 10052 Hemlock Street Rancho Cucamonga, CA 4
    • 4 beds 2 baths ∙ 1,700 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,700 Sqft ∙ Built 1978
    LEASED 08/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.47
    •  
PROPERTY LISTING DETAILS
Trish Watkins
Realty One Group Empire
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: 531565
Last Updated: 01/29/2021
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