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7839 Lion Street Rancho Cucamonga, CA 91730

3 Beds 2 Baths 1,240 sqft Built 1967

$550,000

List Price

$1,990

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1967
  • Price/Sqft : $443.55
  • 3 Days on Market
  • MLS # : CV21014893
  • Updated Date : 01/23/2021 at 09:37
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,240 sqft
  • Baths : 2 full
Listing Agent

Realty Masters & Associates

Listing Agent's Description

With great pleasure I introduce this spectacular one of a kind meticulous and well maintained home. This desirable single story home features 3 BD, 2 BA -Master offers shower stall and vanity, guest bath offers shower/tub and vanity - Bright and spacious living room opens to an open kitchen that is complete with an abundance of cabinets, tile counter tops and cook top. Separate room for laundry offers newer custom door that leads to rear yard/garage. The master suite is spacious and offers upgraded double French doors to enjoy the evening breeze. Gorgeous finishes are found throughout, here are just a few - Custom Plantation Shutters, newer dual pane windows, 2 large covered patios, above ground spa with tastefully designed patio cover/ lighted fixture, lush landscape with mature trees, calming water fountain, elevated block walls, custom entry gates with solar lighting, front porch, beautiful flower planters with amazing curb appeal! Of course, we cannot forget the large drive for RV access either! Properties with this many rare features are better seen then descried. Bring your clients and tour the home for yourself.

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MARKET HIGHLIGHTS

  • 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.
  • 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)

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
 

$495,000$605,000$550,000

PURCHASE PRICE

$1,791$2,189$1,990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,990
EXPENSES Loan Payment -$1,910
Property Tax -$509
Property Insurance -$57
Property Management Fees -$117
CASH FLOW
-$604

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.

$550,000

PROJECTED PRICE

$1,990

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$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$151,500

INVESTMENT

$151,500

Down Payment
$137,500
Rehab Estimate
$5,750
Closing Costs
$8,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,910

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $137,500
Loan Amount $412,500
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$1,127

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,990

    LIST RENT
  • $1.6

    LIST RENT PER SQFT
  • $2,009

    COMP ESTIMATED VALUE
  • $1.62

    COMP AVG. RENT PER SQFT
Comps Range
$1,990
1$1,9902$2,0003$2,3004$2,3955$2,450
$2,450
RENT COMPS ANALYSIS
  • 7839 Lion Street Rancho Cucamonga, CA 1
    • 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 1967 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 1967
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $1.60
    •  
  • 8167 Vineyard Avenue Rancho Cucamonga, CA 2
    • 3 beds 3 baths ∙ 1,221 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,221 Sqft ∙ Built 1986
    LEASED 10/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.64
    •  
  • 8202 Montara Avenue Rancho Cucamonga, CA 3
    • 4 beds 2 baths ∙ 1,426 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,426 Sqft ∙ Built 1978
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.61
    •  
  • 9810 Madonna Court Rancho Cucamonga, CA 4
    • 3 beds 3 baths ∙ 1,480 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,480 Sqft ∙ Built 1985
    LEASED 04/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.62
    •  
  • 7425 Carnelian Street Rancho Cucamonga, CA 5
    • 3 beds 3 baths ∙ 1,522 Sqft ∙ Built 1966 3 beds 3 baths ∙ 1,522 Sqft ∙ Built 1966
    LEASED 08/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.61
    •  
PROPERTY LISTING DETAILS
Barbara Albanese
Realty Masters & Associates
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21014893
Last Updated: 01/23/2021
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