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6129 Jasper Street Alta Loma, CA 91701

4 Beds 2 Baths 1,989 sqft Built 1976

$729,900

List Price

$2,780

$2.5K - $3K

Rent Est.

PROPERTY INFO

November 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1976
  • Price/Sqft : $366.97
  • 5 Days on Market
  • MLS # : SW20238334
  • Updated Date : 11/18/2020 at 14:39
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,989 sqft
  • Baths : 2 full
Listing Agent

Rancon Real Estate

Listing Agent's Description

Welcome home to this 4 bedroom 2 bath single story pool home situated in a desirable Alta Loma neighborhood. This charming home starts with a private courtyard entry followed by double doors into formal living and dining rooms with vaulted ceilings and plenty of natural light. The kitchen has a double oven, cooktop, dishwasher, island and bar seating for casual dining all open to the cozy family room with fireplace. There are 4 spacious bedrooms all with ceiling fans including the master suite. The separate laundry room has plenty of counter top space and cabinets for storage. Step out back to enjoy a gorgeous pool and spa with brand NEW heater and pump, large grass area, fruit trees including lemon, orange, grapefruit and avocado, gated RV parking on the side and a 3 car garage with cabinets and work bench. PLUS, a new A/C, newer furnace, energy efficient Milgard dual paned vinyl windows throughout and a whole house fan. What an amazing opportunity within the award winning Alta Loma School District. This is a must see! Please follow all guidelines pertaining to COVID-19 regulations.

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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
Jasper Elementary School Primary Regular 515 20 7
Alta Loma Junior High School Middle Regular 658 24 7
Alta Loma High School High Regular 2,648 100 8

Jasper Elementary School

  • Education Level: Primary
  • # of students: 515
  • # of teachers: 20
7
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
 

$656,910$802,890$729,900

PURCHASE PRICE

$2,502$3,058$2,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,780
EXPENSES Loan Payment -$2,693
Property Tax -$681
Property Insurance -$75
Property Management Fees -$164
CASH FLOW
-$833

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.

$729,900

PROJECTED PRICE

$2,780

PROJECTED RENT

0.38%

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$10k$15k

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$199,174

INVESTMENT

$199,174

Down Payment
$182,475
Rehab Estimate
$5,750
Closing Costs
$10,949

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,693

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $182,475
Loan Amount $547,425
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$2,288

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,780

    LIST RENT
  • $1.4

    LIST RENT PER SQFT
  • $2,775

    COMP ESTIMATED VALUE
  • $1.4

    COMP AVG. RENT PER SQFT
Comps Range
$2,750
1$2,7502$2,7803$2,8004$2,8005$2,995
$2,995
RENT COMPS ANALYSIS
  • 6129 Jasper Street Alta Loma, CA 2
    • 4 beds 2 baths ∙ 1,989 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,989 Sqft ∙ Built 1976
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,780
    • $1.40
    •  
  • 6326 Sunstone Avenue Rancho Cucamonga, CA 1
    • 4 beds 2 baths ∙ 2,172 Sqft ∙ Built 1968 4 beds 2 baths ∙ 2,172 Sqft ∙ Built 1968
    property image
    LEASED 07/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.27
    •  
  • 6255 Beryl Street Rancho Cucamonga, CA 3
    • 4 beds 2 baths ∙ 1,889 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,889 Sqft ∙ Built 1976
    property image
    LEASED 06/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.48
    •  
  • 6460 Sacramento Avenue Rancho Cucamonga, CA 4
    • 4 beds 2 baths ∙ 2,172 Sqft ∙ Built 1971 4 beds 2 baths ∙ 2,172 Sqft ∙ Built 1971
    property image
    LEASED 08/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.29
    •  
  • 6333 Citrine Street Rancho Cucamonga, CA 5
    • 4 beds 2 baths ∙ 1,945 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,945 Sqft ∙ Built 1973
    property image
    LEASED 03/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.54
    •  
PROPERTY LISTING DETAILS
Barbie Blackmore
Rancon Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW20238334
Last Updated: 11/18/2020
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