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7950 Layton Street Rancho Cucamonga, CA 91730

3 Beds 2 Baths 1,380 sqft Built 1971

$595,000

List Price

$2,150

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $431.16
  • 12 Days on Market
  • MLS # : IG21039229
  • Updated Date : 03/04/2021 at 08:51
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,380 sqft
  • Baths : 2 full
Listing Agent

Exp Realty Of California Inc.

Listing Agent's Description

You won't want to miss this opportunity! True pride of ownership with this beautiful, cozy, and very hard to find, single story pool home AND it has RV PARKING! Located in the heart of Rancho Cucamonga, this home checks ALL the boxes. When you walk in the front door, you can just feel the "Home Sweet Home" vibe. The home was recently remodeled with all new countertops, new flooring, new baseboards and crown moulding. Also recently installed, a new 50 gallon water heater, new insulation, and an air seal for a more energy efficient home. The kitchen is a chef's dream, with all new Tuscany stainless steel appliances, ample cabinet and counter space. There are 3 spacious bedrooms, and 2 beautiful bathrooms, both of which have also been completely updated. This home has a spacious enclosed patio that overlooks the gorgeous, built in swimming pool. The home is located in a great neighborhood, close to schools, parks, shops and dining. Very close to the 10, 15, and 210 Freeways. This home will not last!

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MARKET HIGHLIGHTS

  • 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)
  • 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)

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
Central Elementary School Primary Regular 510 19 4
Cucamonga Middle School Middle Regular 816 35 7
Alta Loma High School High Regular 2,648 100 8

Central Elementary School

  • Education Level: Primary
  • # of students: 510
  • # of teachers: 19
4
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
 

$535,500$654,500$595,000

PURCHASE PRICE

$1,935$2,365$2,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,150
EXPENSES Loan Payment -$2,067
Property Tax -$556
Property Insurance -$61
Property Management Fees -$127
CASH FLOW
-$660

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.

$595,000

PROJECTED PRICE

$2,150

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$1.8M

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$163,425

INVESTMENT

$163,425

Down Payment
$148,750
Rehab Estimate
$5,750
Closing Costs
$8,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,067

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $148,750
Loan Amount $446,250
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$1,117

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,150

    LIST RENT
  • $1.56

    LIST RENT PER SQFT
  • $2,177

    COMP ESTIMATED VALUE
  • $1.58

    COMP AVG. RENT PER SQFT
Comps Range
$2,150
1$2,1502$2,1753$2,3004$2,3505$2,395
$2,395
RENT COMPS ANALYSIS
  • 7950 Layton Street Rancho Cucamonga, CA 1
    • 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 1971
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.56
    •  
  • 9814 Louise Way Rancho Cucamonga, CA 2
    • 3 beds 3 baths ∙ 1,480 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,480 Sqft ∙ Built 1985
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,175
    • $1.47
    •  
  • 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
    •  
  • 7638 Granby Avenue Rancho Cucamonga, CA 4
    • 4 beds 2 baths ∙ 1,464 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,464 Sqft ∙ Built 1976
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.61
    •  
  • 9810 Madonna Court Rancho Cucamonga, CA 5
    • 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
    •  
PROPERTY LISTING DETAILS
Dina Castanon
Exp Realty Of California Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IG21039229
Last Updated: 03/04/2021
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