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9868 Cypress Court Rancho Cucamonga, CA 91737

3 Beds 2 Baths 1,278 sqft Built 1985

$539,900

List Price

$2,320

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

November 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $422.46
  • 5 Days on Market
  • MLS # : CV20242203
  • Updated Date : 11/18/2020 at 10:20
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,278 sqft
  • Baths : 2 full
Listing Agent

Realty One Group West

Listing Agent's Description

***ALTA LOMA SINGLE STORY*** Super Clean, Newly Remodeled, with a Large Lot, over 10,000 Sq Ft! This Gem is nestled at the end of the cul-de-sac. New gates with locks, custom pavers at front yard and courtyard. Large Courtyard has 4 entry/exit points: 2 sliding glass doors, Custom Wrought-Iron Security gate and double door entry into house. Open floorpan, connecting Living Room with the Dining Room and Gourmet Kitchen. Kitchen has Stainless Steel appliances, Quartz Countertops, Custom Tile Backsplash and soft-close Cabinets. Interior of house is highlighted with Crackling Fireplace w/Large Mantle, Wood Floors, Upgraded Light Fixtures, Ceiling Fans, Shutters Throughout and Vaulted Ceilings in Main Bedroom and entire Common Area. Hall Bathroom features Skylight providing Natural Light. Kitchen/Dining Area French Doors lead to cozy patio area, with Patio Cover, Ceiling Fan and String Lights. Double Wrought-Iron Security gates allow for small side storage area for vehicle or small boat. HUGE backyard with plenty of grass and space for kids and pets to play & roam. DETACHED Bonus Room in Backyard currently serves as Gym Room (SAUNA INCLUDED!), 2 Skylights and 220V Electricity. Bonus Room could serve as 4th Bedroom. 3-Car Garage features New Epoxy Flooring with Drop-down Ladder for Ample Attic Space Storage. Mountain Views, Palm Trees and Lemon Tree! Newer upgraded vinyl windows and Fresh exterior paint. Los Osos HS District, located north of 210 Freeway in ALTA LOMA!

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
Hermosa Elementary School Primary Regular 527 20 6
Vineyard Junior High School Middle Regular 752 27 9
Los Osos High School High Regular 3,211 114 9

Hermosa Elementary School

  • Education Level: Primary
  • # of students: 527
  • # of teachers: 20
6
GreatSchools Rating

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
 

$485,910$593,890$539,900

PURCHASE PRICE

$2,088$2,552$2,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,320
EXPENSES Loan Payment -$1,992
Property Tax -$525
Property Insurance -$58
Property Management Fees -$137
CASH FLOW
-$392

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.

$539,900

PROJECTED PRICE

$2,320

PROJECTED RENT

0.43%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$148,824

INVESTMENT

$148,824

Down Payment
$134,975
Rehab Estimate
$5,750
Closing Costs
$8,099

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,992

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $134,975
Loan Amount $404,925
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$10,210

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,320

    LIST RENT
  • $1.82

    LIST RENT PER SQFT
  • $2,045

    COMP ESTIMATED VALUE
  • $1.6

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,3003$2,3204$2,5005$2,500
$2,500
RENT COMPS ANALYSIS
  • 9868 Cypress Court Rancho Cucamonga, CA 3
    • 3 beds 2 baths ∙ 1,278 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,278 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $2,320
    • $1.82
    •  
  • 6610 Brighton Place Rancho Cucamonga, CA 1
    • 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
    •  
  • 7051 Newton Place Rancho Cucamonga, CA 2
    • 3 beds 3 baths ∙ 1,400 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,400 Sqft ∙ Built 1986
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.64
    •  
  • 9985 Orange Street Rancho Cucamonga, CA 4
    • 4 beds 2 baths ∙ 1,619 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,619 Sqft ∙ Built 1998
    LEASED 08/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.54
    •  
  • 9727 Willow Wood Drive Rancho Cucamonga, CA 5
    • 4 beds 3 baths ∙ 1,516 Sqft ∙ Built 1984 4 beds 3 baths ∙ 1,516 Sqft ∙ Built 1984
    LEASED 06/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.65
    •  
PROPERTY LISTING DETAILS
Patricia Davies
Realty One Group West
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20242203
Last Updated: 11/18/2020
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