Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

6176 Revere Avenue Alta Loma, CA 91737

4 Beds 3 Baths 2,119 sqft Built 1979

$665,900

List Price

$2,600

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $314.25
  • 3 Days on Market
  • MLS # : SW20251834
  • Updated Date : 12/05/2020 at 13:14
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,119 sqft
  • Baths : 3 full
Listing Agent

Exp Realty Of California, Inc.

Listing Agent's Description

This spacious 2,119 Sq. Ft. home features 4 Bedrooms, 3 Baths, 2 Car Garage, and a POOL/SPA on .23 of an acre! This stunning home is situated on a cozy Cul De Sac. Home has a wonderful front patio area where you can sit and enjoy the neighborhood or the amazing mountainous views. Beautiful Kitchen with Granite Counter Tops and White Cabinets. Original Wood Burning Fireplace. Putting Range. Covered Backyard Patio Area. Private pool and spa.

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
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
 

$599,310$732,490$665,900

PURCHASE PRICE

$2,340$2,860$2,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,600
EXPENSES Loan Payment -$2,457
Property Tax -$625
Property Insurance -$78
Property Management Fees -$153
CASH FLOW
-$714

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.

$665,900

PROJECTED PRICE

$2,600

PROJECTED RENT

0.39%

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$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$182,214

INVESTMENT

$182,214

Down Payment
$166,475
Rehab Estimate
$5,750
Closing Costs
$9,989

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,457

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $166,475
Loan Amount $499,425
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$3,150

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,600

    LIST RENT
  • $1.23

    LIST RENT PER SQFT
  • $2,585

    COMP ESTIMATED VALUE
  • $1.22

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,6803$2,7004$2,8005$2,900
$2,900
RENT COMPS ANALYSIS
  • 6176 Revere Avenue Alta Loma, CA 1
    • 4 beds 3 baths ∙ 2,119 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,119 Sqft ∙ Built 1979
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.23
    •  
  • 10140 Saddlehill Rancho Cucamonga, CA 2
    • 3 beds 3 baths ∙ 2,290 Sqft ∙ Built 1988 3 beds 3 baths ∙ 2,290 Sqft ∙ Built 1988
    property image
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,680
    • $1.17
    •  
  • 10309 Southridge Drive Rancho Cucamonga, CA 3
    • 4 beds 3 baths ∙ 2,302 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,302 Sqft ∙ Built 1988
    property image
    LEASED 10/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.17
    •  
  • 10177 Saddlehill Rancho Cucamonga, CA 4
    • 4 beds 3 baths ∙ 2,290 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,290 Sqft ∙ Built 1988
    property image
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.22
    •  
  • 6191 Cabernet Place Rancho Cucamonga, CA 5
    • 4 beds 3 baths ∙ 2,200 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,200 Sqft ∙ Built 1988
    property image
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.32
    •  
PROPERTY LISTING DETAILS
Norine Moore
Exp Realty Of California, Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW20251834
Last Updated: 12/05/2020
BESbswy