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9140 Hamilton Street Rancho Cucamonga, CA 91701

5 Beds 2 Baths 2,533 sqft Built 1998

$730,000

List Price

$2,920

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1998
  • Price/Sqft : $288.20
  • 5 Days on Market
  • MLS # : CV20228544
  • Updated Date : 10/30/2020 at 13:02
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,533 sqft
  • Baths : 2 full
Listing Agent

Berkshire Hath Hm Svcs Ca Prop

Listing Agent's Description

Looking for room and views, look no further than this beautiful 5 bedroom 3 bath home. This "Right Sized Home" has Upgrades abounding with tile flooring throughout, large living, dinning and separate family room with focal fireplace. Downstairs bedroom options currently used as office has potential to be den, bedroom or home office as you see fit. Upstairs features a master with double door entry, mountain views and on-suite bathroom with walk in closet and custom cabinetry. 3 more additional bedrooms with ceiling fans and room to grow. New paint, base boards, doors and hardware, custom master closet door and shutters everywhere you look. Make an appointment today to see this home. Conveniently located to parks, churches and shopping. Welcome to your new home!

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: 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
Alta Loma Elementary School Primary Regular 431 16 6
Alta Loma Junior High School Middle Regular 658 24 7
Alta Loma High School High Regular 2,648 100 8

Alta Loma Elementary School

  • Education Level: Primary
  • # of students: 431
  • # of teachers: 16
6
GreatSchools Rating

Alta Loma Junior High School

  • Education Level: Middle
  • # of students: 658
  • # of teachers: 24
7
GreatSchools Rating

Alta Loma High School

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

$657,000$803,000$730,000

PURCHASE PRICE

$2,628$3,212$2,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,920
EXPENSES Loan Payment -$2,693
Property Tax -$696
Property Insurance -$89
Property Management Fees -$172
CASH FLOW
-$731

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.

$730,000

PROJECTED PRICE

$2,920

PROJECTED RENT

0.40%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$199,200

INVESTMENT

$199,200

Down Payment
$182,500
Rehab Estimate
$5,750
Closing Costs
$10,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,693

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $182,500
Loan Amount $547,500
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$5,074

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,920

    LIST RENT
  • $1.15

    LIST RENT PER SQFT
  • $3,097

    COMP ESTIMATED VALUE
  • $1.22

    COMP AVG. RENT PER SQFT
Comps Range
$2,800
1$2,8002$2,9203$3,0004$3,1005$3,300
$3,300
RENT COMPS ANALYSIS
  • 9140 Hamilton Street Rancho Cucamonga, CA 2
    • 5 beds 2 baths ∙ 2,533 Sqft ∙ Built 1998 5 beds 2 baths ∙ 2,533 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $2,920
    • $1.15
    •  
  • 9339 Ledig Drive Rancho Cucamonga, CA 1
    • 4 beds 3 baths ∙ 2,293 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,293 Sqft ∙ Built 1995
    LEASED 09/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.22
    •  
  • 9756 Via Esperanza Rancho Cucamonga, CA 3
    • 5 beds 3 baths ∙ 2,449 Sqft ∙ Built 1999 5 beds 3 baths ∙ 2,449 Sqft ∙ Built 1999
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.22
    •  
  • 1884 Richards Place Upland, CA 4
    • 5 beds 3 baths ∙ 2,646 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,646 Sqft ∙ Built 2005
    LEASED 02/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.17
    •  
  • 9813 La Vine Court Rancho Cucamonga, CA 5
    • 4 beds 4 baths ∙ 2,585 Sqft ∙ Built 2017 4 beds 4 baths ∙ 2,585 Sqft ∙ Built 2017
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.28
    •  
PROPERTY LISTING DETAILS
Mark Sapienza
Berkshire Hath Hm Svcs Ca Prop
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20228544
Last Updated: 10/30/2020
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