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9150 Hamilton Street Rancho Cucamonga, CA 91701

4 Beds 2 Baths 2,000 sqft Built 1998

$699,000

List Price

$2,630

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

December 06, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $349.50
  • 2 Days on Market
  • MLS # : CV20252243
  • Updated Date : 12/05/2020 at 16:17
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,000 sqft
  • Baths : 2 full
Listing Agent

Compass

Listing Agent's Description

Located in the highly desirable area of Alta Loma …..This beautifully maintained home with designer upgrades has a fabulous open floor plan with abundant natural light along with many custom designer upgrades that makes this home truly unique. Both bathrooms have been newly remodeled, laminate-wood flooring, custom built-in cabinetry in the entry, family room, fireplace, and mantel. There is crown molding, recessed lighting, ceiling fans and plantation shutters though-out the home. The bright white kitchen with Quartz counters and Island offers stainless steel appliances and opens to the family room that adorns the crackling fireplace. The front and rear yard has been redesigned with lush landscaping, custom concrete and pavers, lighting, irrigation, stone pilasters, a covered rear patio with custom strung lighting, and multiple seating areas to sit back and enjoy the beauty and peaceful surroundings. The driveway has been expanded to accommodate multiple cars. If you find yourself working from home and are looking for a comfortable quiet space for you and your family or if you are looking for the perfect single story 4 bedroom home with an open floor plan that is ready to move in.... this home offers it all.

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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
 

$629,100$768,900$699,000

PURCHASE PRICE

$2,367$2,893$2,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,630
EXPENSES Loan Payment -$2,579
Property Tax -$667
Property Insurance -$76
Property Management Fees -$155
CASH FLOW
-$847

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.

$699,000

PROJECTED PRICE

$2,630

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

PROJECTED ANNUAL CASH FLOW

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

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$190,985

INVESTMENT

$190,985

Down Payment
$174,750
Rehab Estimate
$5,750
Closing Costs
$10,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,579

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $174,750
Loan Amount $524,250
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$1,263

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,630

    LIST RENT
  • $1.32

    LIST RENT PER SQFT
  • $2,680

    COMP ESTIMATED VALUE
  • $1.34

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,5003$2,6304$2,7005$3,200
$3,200
RENT COMPS ANALYSIS
  • 9150 Hamilton Street Rancho Cucamonga, CA 3
    • 3 beds 2 baths ∙ 2,000 Sqft ∙ Built 1998 3 beds 2 baths ∙ 2,000 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $2,630
    • $1.32
    •  
  • 9020 Avalon Street Rancho Cucamonga, CA 1
    • 4 beds 3 baths ∙ 1,688 Sqft ∙ Built 1986 4 beds 3 baths ∙ 1,688 Sqft ∙ Built 1986
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.42
    •  
  • 9085 San Simeon Drive Rancho Cucamonga, CA 2
    • 3 beds 3 baths ∙ 1,965 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,965 Sqft ∙ Built 2006
    LEASED 07/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.27
    •  
  • 9568 Hamilton Street Rancho Cucamonga, CA 4
    • 4 beds 2 baths ∙ 2,108 Sqft ∙ Built 1987 4 beds 2 baths ∙ 2,108 Sqft ∙ Built 1987
    LEASED 07/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.28
    •  
  • 1748 Eastgate Avenue Upland, CA 5
    • 4 beds 3 baths ∙ 2,301 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,301 Sqft ∙ Built 1993
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.39
    •  
PROPERTY LISTING DETAILS
Rosanne Maniscalchi
Compass
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20252243
Last Updated: 12/05/2020
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