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9590 Hidden Farm Road Rancho Cucamonga, CA 91737

4 Beds 3 Baths 2,670 sqft Built 1979

$899,800

List Price

$3,350

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $337.00
  • 3 Days on Market
  • MLS # : CV20259790
  • Updated Date : 12/19/2020 at 13:57
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,670 sqft
  • Baths : 3 full
Listing Agent

Re/max Masters Realty

Listing Agent's Description

BEAUTIFULLY REMODELED POOL HOME W/RV PARKING. Manicured grounds w/green grass, circular driveway & majestic mountain backdrop. A concrete walkway w/brick ribbon & planters lead to the covered front porch & through a new custom front door. A tiled entryway w/soaring ceilings, a sweeping staircase & opens into the living rm. Living rm w/hardwood floors, vaulted ceilings, recessed lighting & two windows w/plantation shutters overlooking the front yard. Adjacent formal dining rm w/chandelier & a view of the backyard. Remodeled kitchen w/custom cabinetry, quartz countertops, chevron patterned backsplash, stainless steel appliances, island, breakfast nook & open to the family rm. Family rm w/tiled floors, brick fireplace, built-ins, recessed lighting, bar w/wine fridge & a slider to the backyard. Downstairs bedroom, remodeled bath & indoor laundry rm. Upstairs master w/double door entry, recessed lighting & retreat w/slider to a sprawling balcony w/city views. Master bath w/dual sinks, granite counters, walk-in shower & separate tub. Two additional bdrms upstairs w/sliding doors to a balcony overlooking backyard. Remodeled hall bath w/custom tile shower/bath. Backyard features a pool & spa w/pebble finish, a huge detached cabana w/ceiling fans & lighting, concrete decking w/brick ribbon, a fire pit, two spacious side yards, one w/grass & one w/concrete. Tropical landscaping on perimeters plus a stairway to upper level w/room for sport court or horses w/rear access through trail.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Alta Loma

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $149k785k

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

Neighborhood: Alta Loma

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2120014001600180020002200240026002800Rent in $10822925

* 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
Floyd M. Stork Elementary School Primary Regular 742 27 10
Floyd M. Stork Elementary School Middle Regular 742 27 10
Los Osos High School High Regular 3,211 114 9

Floyd M. Stork Elementary School

  • Education Level: Primary
  • # of students: 742
  • # of teachers: 27
10
GreatSchools Rating

Floyd M. Stork Elementary School

  • Education Level: Middle
  • # of students: 742
  • # of teachers: 27
10
GreatSchools Rating

Los Osos High School

  • Education Level: High
  • # of students: 3,211
  • # of teachers: 114
9
GreatSchools Rating
 

$809,820$989,780$899,800

PURCHASE PRICE

$3,015$3,685$3,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,350
EXPENSES Loan Payment -$3,320
Property Tax -$842
Property Insurance -$92
Property Management Fees -$198
CASH FLOW
-$1,101

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.

$899,800

PROJECTED PRICE

$3,350

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 5.5%
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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$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$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$244,197

INVESTMENT

$244,197

Down Payment
$224,950
Rehab Estimate
$5,750
Closing Costs
$13,497

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,320

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $224,950
Loan Amount $674,850
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,539

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,350

    LIST RENT
  • $1.25

    LIST RENT PER SQFT
  • $3,338

    COMP ESTIMATED VALUE
  • $1.25

    COMP AVG. RENT PER SQFT
Comps Range
$3,100
1$3,1002$3,3503$3,4004$3,4255$3,495
$3,495
RENT COMPS ANALYSIS
  • 9590 Hidden Farm Road Rancho Cucamonga, CA 2
    • 4 beds 3 baths ∙ 2,670 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,670 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $1.25
    •  
  • 9587 Carrari Court Rancho Cucamonga, CA 1
    • 4 beds 3 baths ∙ 2,386 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,386 Sqft ∙ Built 1979
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.30
    •  
  • 9328 Rancho Street Rancho Cucamonga, CA 3
    • 4 beds 3 baths ∙ 2,782 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,782 Sqft ∙ Built 1978
    LEASED 09/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.22
    •  
  • 10161 Woodridge Drive Rancho Cucamonga, CA 4
    • 4 beds 3 baths ∙ 2,694 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,694 Sqft ∙ Built 1990
    LEASED 06/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,425
    • $1.27
    •  
  • 10344 Ridgeview Court Rancho Cucamonga, CA 5
    • 4 beds 3 baths ∙ 2,878 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,878 Sqft ∙ Built 1989
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,495
    • $1.21
    •  
PROPERTY LISTING DETAILS
Nicholas Abbadessa
Re/max Masters Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20259790
Last Updated: 12/19/2020
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