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9062 Hamilton Street Rancho Cucamonga, CA 91701

3 Beds 2 Baths 1,413 sqft Built 1977

$589,000

List Price

$2,250

$2K - $2.5K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $416.84
  • 3 Days on Market
  • MLS # : CV21014301
  • Updated Date : 01/22/2021 at 17:45
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,413 sqft
  • Baths : 2 full
Listing Agent

Mainstreet Realtors

Listing Agent's Description

This beautiful 3 bed 2 bath single story pool home situated at the foothills of the highly desired Alta Loma community in Rancho Cucamonga is a must see! Close to 210 freeway access, amazing school districts, and shopping, this home also offers a variety of special features, including; RV Parking with full hookups, built in heated Pool and Spa, outdoor fire pit surrounded by beautifully laid brick, a covered outdoor patio & front entry to home, as well as maintained landscaping in the front and back yards. Inside there is fresh carpet and paint throughout the home, ceilings have been scrapped and textured, updated windows and sliders, new Heating & AC system, recessed lighting, and ceiling fans in every room. Enjoy relaxing and eating with family by the warm fireplace in the living/dining area during the evening and in the bright family room at the breakfast counter or nook during the day, overlooking your manicured backyard and Cucamonga Mountains. The master suite has a private bath, and direct access to the backyard where you can enjoy the same gorgeous views straight from bed. Imagine seeing that each morning, sipping coffee outside on the private master patio area! This home is a full 360 degrees of breathtaking views and entertainment. From the palm trees with snow tipped mountain backdrop, to the warm open floor plan inside. Schedule your showing today!

SEE MORE

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
Carnelian Elementary School Primary Regular 493 18 8
Carnelian Elementary School Middle Regular 493 18 8
Alta Loma High School High Regular 2,648 100 8

Carnelian Elementary School

  • Education Level: Primary
  • # of students: 493
  • # of teachers: 18
8
GreatSchools Rating

Carnelian Elementary School

  • Education Level: Middle
  • # of students: 493
  • # of teachers: 18
8
GreatSchools Rating

Alta Loma High School

  • Education Level: High
  • # of students: 2,648
  • # of teachers: 100
8
GreatSchools Rating
 

$530,100$647,900$589,000

PURCHASE PRICE

$2,025$2,475$2,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,250
EXPENSES Loan Payment -$2,046
Property Tax -$562
Property Insurance -$61
Property Management Fees -$133
CASH FLOW
-$552

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.

$589,000

PROJECTED PRICE

$2,250

PROJECTED RENT

0.38%

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$161,835

INVESTMENT

$161,835

Down Payment
$147,250
Rehab Estimate
$5,750
Closing Costs
$8,835

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,046

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $147,250
Loan Amount $441,750
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$3,284

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,250

    LIST RENT
  • $1.59

    LIST RENT PER SQFT
  • $2,261

    COMP ESTIMATED VALUE
  • $1.6

    COMP AVG. RENT PER SQFT
Comps Range
$2,250
1$2,2502$2,3003$2,3004$2,4005$2,500
$2,500
RENT COMPS ANALYSIS
  • 9062 Hamilton Street Rancho Cucamonga, CA 1
    • 3 beds 2 baths ∙ 1,413 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,413 Sqft ∙ Built 1977
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.59
    •  
  • 6610 Brighton Place Rancho Cucamonga, CA 2
    • 3 beds 2 baths ∙ 1,463 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,463 Sqft ∙ Built 1988
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.57
    •  
  • 8934 Sage Court Rancho Cucamonga, CA 3
    • 3 beds 3 baths ∙ 1,440 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,440 Sqft ∙ Built 1986
    LEASED 03/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.60
    •  
  • 8953 Avalon Street Rancho Cucamonga, CA 4
    • 3 beds 3 baths ∙ 1,440 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,440 Sqft ∙ Built 1985
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.67
    •  
  • 8806 Holly Street Rancho Cucamonga, CA 5
    • 4 beds 2 baths ∙ 1,599 Sqft ∙ Built 1970 4 beds 2 baths ∙ 1,599 Sqft ∙ Built 1970
    LEASED 02/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.56
    •  
PROPERTY LISTING DETAILS
Christopher Fox
Mainstreet Realtors
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21014301
Last Updated: 01/22/2021
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