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8790 Sierra Madre Avenue Rancho Cucamonga, CA 91730

3 Beds 2 Baths 1,292 sqft Built 1956

INVESTimate

$447,000

List Price

$1,880

$1,692 - $2,068

Rent Est.

$481,061  ( +7.62%)   1 YR EST. FORECAST

PROPERTY INFO

August 26, 2020 RECENTLY ADDED
FACTS
  • Built In 1956
  • Price/Sqft : $345.98
  • 2 Days on Market
  • MLS # : CV20173867
  • Updated Date : 08/25/2020 at 16:23
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,292 sqft
  • Baths : 1 full , 1 half
Listing Agent

Gold Star Realtors

Listing Agent's Description

Looking for a Beautiful Home? Look no further, this beauty is offered in the City of Rancho Cucamonga. This home has been completely remodeled, it offers 3 bedrooms, two baths, a remodeled kitchen and an indoor laundry room. Love to entertain, take a look at this backyard, it won't disappoint, it comes with a cover patio for those cozy nights and plenty of room for summer bbq's. Centrally located near shopping centers and freeway, you won't want to miss out on this one!!

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: Southwest Rancho Cucamonga

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $143k584k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Southwest Rancho Cucamonga

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2110012001300140015001600170018001900200021002200230024002500Rent in $10702522

* 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
Los Amigos Elementary School Primary Regular 504 21 4
Rancho Cucamonga Middle School Middle Regular 768 37 5
Chaffey High School High Regular 3,530 138 4

Los Amigos Elementary School

  • Education Level: Primary
  • # of students: 504
  • # of teachers: 21
4
GreatSchools Rating

Rancho Cucamonga Middle School

  • Education Level: Middle
  • # of students: 768
  • # of teachers: 37
5
GreatSchools Rating

Chaffey High School

  • Education Level: High
  • # of students: 3,530
  • # of teachers: 138
4
GreatSchools Rating
 

$402,300$491,700$447,000

PURCHASE PRICE

$1,692$2,068$1,880

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,880
EXPENSES Loan Payment -$1,649
Property Tax -$408
Property Insurance -$58
Property Management Fees -$111
CASH FLOW
-$346

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.

$447,000

PROJECTED PRICE

$1,880

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 7.62%
Maintenance Year (1-5) 8.00%
Vacancy 5.43%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$124,205

INVESTMENT

$124,205

Down Payment
$111,750
Rehab Estimate
$5,750
Closing Costs
$6,705

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,649

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $111,750
Loan Amount $335,250
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$7,242

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,880

    LIST RENT
  • $1.46

    LIST RENT PER SQFT
  • $2,048

    COMP ESTIMATED VALUE
  • $1.59

    COMP AVG. RENT PER SQFT
Comps Range
$1,880
1$1,8802$1,8953$1,9954$2,0005$2,450
$2,450
RENT COMPS ANALYSIS
  • 8790 Sierra Madre Avenue Rancho Cucamonga, 1
    • 3 beds 2 baths ∙ 1,292 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,292 Sqft ∙ Built 1956
    • Rent
    • Rent Per SQFT
    •  
    • $1,880
    • $1.46
    •  
  • 1533 N Mariposa Avenue Ontario, 2
    • 3 beds 2 baths ∙ 1,114 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,114 Sqft ∙ Built 1963
    LEASED 04/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.70
    •  
  • 9840 Feron Boulevard Rancho Cucamonga, 3
    • 4 beds 2 baths ∙ 1,288 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,288 Sqft ∙ Built 1971
    LEASED 04/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.55
    •  
  • 798 E 7th Street Upland, 4
    • 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1950 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1950
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.48
    •  
  • 7425 Carnelian Street Rancho Cucamonga, 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
Jose Cevallos
Gold Star Realtors
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20173867
Last Updated: 08/25/2020
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