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7841 Hyssop Drive Rancho Cucamonga, CA 91739

3 Beds 2 Baths 1,170 sqft Built 1974

$499,888

List Price

$2,240

$2K - $2.5K

Rent Est.

PROPERTY INFO

December 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1974
  • Price/Sqft : $427.25
  • 7 Days on Market
  • MLS # : CV20261177
  • Updated Date : 12/29/2020 at 14:23
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,170 sqft
  • Baths : 2 full
Listing Agent

Cristal Sellar Services, Inc.

Listing Agent's Description

ADORABLE SINGLE STORY 3 BEDROOM, 2 BATH HOME, COMING SOON! MANY UPGRADES HAVE BEEN MADE THROUGHOUT HOME. INTERIOR FEATURES OF HOME INCLUDE HARDWOOD FLOORS THROUGHOUT FAMILY ROOM AND ALL BEDROOMS, TILE FLOORS IN BATHROOMS, BAMBOO FLOORING IN KITCHEN, GRANITE COUNTERS IN KITCHEN, DUAL PANE WINDOWS, SLIDING DOOR, CEILING FANS THROUGHOUT. THE EXTERIOR FEATURES COVERED PATIO BETWEEN HOUSE AND GARAGE, SYNTHETIC GRASS AREAS, RIVER ROCK BORDERS, CRUSHED STONE, ELECTRICAL UPDATES, INSTALLATION OF IRRIGATION DRIP SYSTEM WITH WIRE MESH UNDER ALL LANDSCAPING FOR PEST CONTROL, CUSTOM PERGOLA WITH ELECTRICAL OUTLET AND LIGHTS, CUSTOM WHITE FENCE IN FRONT YARD, SIDE YARD, AND RV GATES WITH DEADBOLTS ON FRONT SOUTH SIDE, INSTALLATION OF CENTRAL AIR CONDITIONING AND HEATING IN ATTIC, INSTALLATION OF SEAMLESS RAIN GUTTERS ON ENTIRE HOME, AND MUCH MUCH MORE. THIS HOME HAS A LARGE BACKYARD FOR ENTERTAINING WITH GREAT MOUNTAIN VIEWS AND IS CENTRALLY LOCATED TO VICTORIA GARDENS OUTDOOR SHOPPING MALL AND RESTAURANTS. MUST SEE!

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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
Terra Vista Elementary School Primary Regular 772 31 10
Etiwanda Intermediate School Middle Regular 1,305 51 8
Rancho Cucamonga High School High Regular 3,462 123 9

Terra Vista Elementary School

  • Education Level: Primary
  • # of students: 772
  • # of teachers: 31
10
GreatSchools Rating

Etiwanda Intermediate School

  • Education Level: Middle
  • # of students: 1,305
  • # of teachers: 51
8
GreatSchools Rating

Rancho Cucamonga High School

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

$449,899$549,877$499,888

PURCHASE PRICE

$2,016$2,464$2,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,240
EXPENSES Loan Payment -$1,844
Property Tax -$460
Property Insurance -$56
Property Management Fees -$132
CASH FLOW
-$252

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.

$499,888

PROJECTED PRICE

$2,240

PROJECTED RENT

0.45%

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$138,220

INVESTMENT

$138,220

Down Payment
$124,972
Rehab Estimate
$5,750
Closing Costs
$7,498

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,844

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $124,972
Loan Amount $374,916
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$16,789

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,240

    LIST RENT
  • $1.91

    LIST RENT PER SQFT
  • $1,960

    COMP ESTIMATED VALUE
  • $1.67

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,1003$2,1004$2,2405$2,350
$2,350
RENT COMPS ANALYSIS
  • 7841 Hyssop Drive Rancho Cucamonga, CA 4
    • 3 beds 2 baths ∙ 1,170 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,170 Sqft ∙ Built 1974
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,240
    • $1.91
    •  
  • 7313 Stonehaven Place Rancho Cucamonga, CA 1
    • 3 beds 3 baths ∙ 1,248 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,248 Sqft ∙ Built 1994
    property image
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.68
    •  
  • 8015 Henbane Street Rancho Cucamonga, CA 2
    • 3 beds 2 baths ∙ 1,250 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,250 Sqft ∙ Built 1974
    property image
    LEASED 02/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.68
    •  
  • 11939 Hemlock Street Rancho Cucamonga, CA 3
    • 3 beds 2 baths ∙ 1,198 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,198 Sqft ∙ Built 1974
    property image
    LEASED 11/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.75
    •  
  • 11526 Stonecrest Drive Rancho Cucamonga, CA 5
    • 3 beds 3 baths ∙ 1,475 Sqft ∙ Built 1993 3 beds 3 baths ∙ 1,475 Sqft ∙ Built 1993
    property image
    LEASED 07/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.59
    •  
PROPERTY LISTING DETAILS
Michelle Miramontez
Cristal Sellar Services, Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20261177
Last Updated: 12/29/2020
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