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9818 Cypress Court Rancho Cucamonga, CA 91737

3 Beds 2 Baths 1,540 sqft Built 1985

$695,000

List Price

$2,370

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $451.30
  • 4 Days on Market
  • MLS # : CV21063203
  • Updated Date : 03/27/2021 at 10:32
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,540 sqft
  • Baths : 2 full
Listing Agent

Re/max Innovations

Listing Agent's Description

WELCOME TO YOUR TURN KEY DREAM HOME !! Pride of ownership shows in every aspect of this house. The exterior exudes curb appeal with the long ranch style frontage, including a fully finished 3 car garage with LEDs, brand new garage doors and epoxy flooring, custom handmade oversized iron RV gate along with the matching forged iron entry double doors!! Inside you will find an open floor plan, real hardwood flooring mixed with modern entry tile, LED recessed lighting throughout, oversized 6” base and crown molding, huge remodeled kitchen with new quartz countertops, newer dual pane windows and sliders, newer HVAC system with whole house fan, matching remodeled bathrooms with glass enclosed showers/tubs, BRAND NEW carpet in all bedrooms, BRAND NEW interior paint throughout, freshly remodeled stacked stone fireplace, vaulted ceilings in the main rooms along with the master bedroom with a large walk in closet as well! The list goes on and on with this property, truly a MUST SEE TO BELIEVE! Backyard is all flat with newer grass and a no maintenance top planter professionally decorated with colored rock. An added bonus is how well kept every home on this cul de sac & neighborhood is, the location cannot be beat! You do not want to miss out on this one!

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MARKET HIGHLIGHTS

  • 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)
  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (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
Vineyard Junior High School Middle Regular 752 27 9
Los Osos High School High Regular 3,211 114 9
Los Osos High School High Unknown NA

Vineyard Junior High School

  • Education Level: Middle
  • # of students: 752
  • # of teachers: 27
9
GreatSchools Rating

Los Osos High School

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

Los Osos High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$625,500$764,500$695,000

PURCHASE PRICE

$2,133$2,607$2,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,370
EXPENSES Loan Payment -$2,414
Property Tax -$676
Property Insurance -$64
Property Management Fees -$140
CASH FLOW
-$925

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.

$695,000

PROJECTED PRICE

$2,370

PROJECTED RENT

0.34%

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

PROJECTED ANNUAL CASH FLOW

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

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$189,925

INVESTMENT

$189,925

Down Payment
$173,750
Rehab Estimate
$5,750
Closing Costs
$10,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,414

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $173,750
Loan Amount $521,250
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$171

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,370

    LIST RENT
  • $1.54

    LIST RENT PER SQFT
  • $2,487

    COMP ESTIMATED VALUE
  • $1.62

    COMP AVG. RENT PER SQFT
Comps Range
$2,370
1$2,3702$2,4003$2,5004$2,5005$2,550
$2,550
RENT COMPS ANALYSIS
  • 9818 Cypress Court Rancho Cucamonga, CA 1
    • 3 beds 2 baths ∙ 1,540 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,540 Sqft ∙ Built 1985
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,370
    • $1.54
    •  
  • 9678 Fairfield Court Rancho Cucamonga, CA 2
    • 3 beds 3 baths ∙ 1,463 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,463 Sqft ∙ Built 1988
    property image
    LEASED 12/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.64
    •  
  • 9727 Willow Wood Drive Rancho Cucamonga, CA 3
    • 4 beds 3 baths ∙ 1,516 Sqft ∙ Built 1984 4 beds 3 baths ∙ 1,516 Sqft ∙ Built 1984
    property image
    LEASED 06/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.65
    •  
  • 6763 Berkshire Avenue Rancho Cucamonga, CA 4
    • 4 beds 2 baths ∙ 1,635 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,635 Sqft ∙ Built 1977
    property image
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.53
    •  
  • 10364 Mahogany Court Rancho Cucamonga, CA 5
    • 3 beds 3 baths ∙ 1,552 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,552 Sqft ∙ Built 1988
    property image
    LEASED 12/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.64
    •  
PROPERTY LISTING DETAILS
Steven Mollard
Re/max Innovations
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21063203
Last Updated: 03/27/2021
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