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10464 Mahogany Court Alta Loma, CA 91737

3 Beds 3 Baths 1,552 sqft Built 1987

$584,900

List Price

$2,350

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $376.87
  • 6 Days on Market
  • MLS # : CV21027318
  • Updated Date : 02/09/2021 at 15:43
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,552 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker Blackstone Rty

Listing Agent's Description

Par excellence in location and essentials, this is currently the most affordable Alta Loma home in the 91737. The quintessential California floor plan flows comfortably from entry to living room, dining room, kitchen, nook, and separate family room. The living room is currently being used as an office in light of the present circumstances, but can easily be enjoyed as a traditional formal living room with it's wood floors and vaulted ceilings. In fact, all lower level flooring is a beautiful hand scraped hickory wood that is easy to clean and care for. The kitchen has been remodeled to include stainless appliances, granite counters, and glass backsplash. The family room with it's brick fireplace has easy access to the back patio. All bedrooms as well as two bathrooms are located on the second floor, with a half bath on the ground level. All bathrooms have granite counters. This wonderful home is on a cul-de-sac street with friendly neighbors that enjoy outdoor social distance gatherings and friendships. It is positioned smack in the middle of 5 of the best schools in the county (including your home school), and walking distance to 3 of them, including Chaffey College. It is also commuter friendly with easy freeway access less than a mile away. Community pool and spa with picnic areas and lovely green belts along Manzanita are all maintained by the association and the dues are the lowest in town. Do not miss this opportunity, and call for your viewing appointment today!

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: 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
 

$526,410$643,390$584,900

PURCHASE PRICE

$2,115$2,585$2,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,350
EXPENSES Loan Payment -$2,032
Property Tax -$549
Property Insurance -$65
HOA -$75
Property Management Fees -$139
CASH FLOW
-$509

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.

$584,900

PROJECTED PRICE

$2,350

PROJECTED RENT

0.40%

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$1.6M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$160,749

INVESTMENT

$160,749

Down Payment
$146,225
Rehab Estimate
$5,750
Closing Costs
$8,774

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,032

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $146,225
Loan Amount $438,675
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$4,274

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,350

    LIST RENT
  • $1.51

    LIST RENT PER SQFT
  • $2,359

    COMP ESTIMATED VALUE
  • $1.52

    COMP AVG. RENT PER SQFT
Comps Range
$2,350
1$2,3502$2,4003$2,5004$2,5505$2,650
$2,650
RENT COMPS ANALYSIS
  • 10464 Mahogany Court Alta Loma, CA 1
    • 3 beds 3 baths ∙ 1,552 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,552 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.51
    •  
  • 10319 Charwood Court Rancho Cucamonga, CA 2
    • 3 beds 3 baths ∙ 1,674 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,674 Sqft ∙ Built 1988
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.43
    •  
  • 6211 Gamay Court Rancho Cucamonga, CA 3
    • 4 beds 2 baths ∙ 1,663 Sqft ∙ Built 1988 4 beds 2 baths ∙ 1,663 Sqft ∙ Built 1988
    LEASED 10/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.50
    •  
  • 10364 Mahogany Court Rancho Cucamonga, CA 4
    • 3 beds 3 baths ∙ 1,552 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,552 Sqft ∙ Built 1988
    LEASED 12/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.64
    •  
  • 10423 Cartilla Court Rancho Cucamonga, CA 5
    • 4 beds 2 baths ∙ 1,751 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,751 Sqft ∙ Built 1979
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.51
    •  
PROPERTY LISTING DETAILS
Jeri Talbott
Coldwell Banker Blackstone Rty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21027318
Last Updated: 02/09/2021
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