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6198 Amethyst Street Alta Loma, CA 91737

4 Beds 2 Baths 2,090 sqft Built 1977

INVESTimate

$685,000

List Price

$2,580

$2,330 - $2,830

Rent Est.

$722,880  ( +5.53%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1977
  • Price/Sqft : $327.75
  • 10 Days on Market
  • MLS # : CV20167535
  • Updated Date : 08/18/2020 at 17:55
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,090 sqft
  • Baths : 2 full
Listing Agent

Mgr Real Estate, Inc.

Listing Agent's Description

Come see the pride of ownership in this beautiful Alta Loma home. It is perfect for hot summer days as it has a gorgeous pool and handcrafted pergola in the backyard along with a new HVAC. This home boasts an 11,938 square foot lot, so plenty of space in both the front and backyard. The kitchen has been upgraded for a clean and sleek feel while overlooking a gorgeous brick fireplace. Both bathrooms have been upgraded and include tile and marble showers. The home has large tile throughout with freshly cleaned carpet in all of the bedrooms. There is fresh paint both inside and out, along with brand new garage doors. Landscaped with many fruit trees. The owners loved working on the house and it truly shows throughout the home. See Virtual Tour!

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
Carnelian Elementary School Primary Regular 493 18 8
Carnelian Elementary School Middle Regular 493 18 8
Alta Loma High School High Regular 2,648 100 8

Carnelian Elementary School

  • Education Level: Primary
  • # of students: 493
  • # of teachers: 18
8
GreatSchools Rating

Carnelian Elementary School

  • Education Level: Middle
  • # of students: 493
  • # of teachers: 18
8
GreatSchools Rating

Alta Loma High School

  • Education Level: High
  • # of students: 2,648
  • # of teachers: 100
8
GreatSchools Rating
 

$616,500$753,500$685,000

PURCHASE PRICE

$2,322$2,838$2,580

RENT

DOWN PAYMENT
FINANCING

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,580
EXPENSES Loan Payment -$2,527
Property Tax -$639
Property Insurance -$78
Property Management Fees -$152
CASH FLOW
-$816

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.

$685,000

PROJECTED PRICE

$2,580

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 5.53%
Maintenance Year (1-5) 8.00%
Vacancy 5.35%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$187,275

INVESTMENT

$187,275

Down Payment
$171,250
Rehab Estimate
$5,750
Closing Costs
$10,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,527

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $171,250
Loan Amount $513,750
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$1,508

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,580

    LIST RENT
  • $1.23

    LIST RENT PER SQFT
  • $2,837

    COMP ESTIMATED VALUE
  • $1.36

    COMP AVG. RENT PER SQFT
Comps Range
$2,580
1$2,5802$2,6003$2,7004$2,8005$2,995
$2,995
RENT COMPS ANALYSIS
  • 6198 Amethyst Street Alta Loma, 1
    • 4 beds 2 baths ∙ 2,090 Sqft ∙ Built 1977 4 beds 2 baths ∙ 2,090 Sqft ∙ Built 1977
    • Rent
    • Rent Per SQFT
    •  
    • $2,580
    • $1.23
    •  
  • 6916 Amethyst Avenue Rancho Cucamonga, 2
    • 4 beds 2 baths ∙ 1,869 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,869 Sqft ∙ Built 1978
    LEASED 04/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.39
    •  
  • 9568 Hamilton Street Rancho Cucamonga, 3
    • 4 beds 2 baths ∙ 2,108 Sqft ∙ Built 1987 4 beds 2 baths ∙ 2,108 Sqft ∙ Built 1987
    LEASED 07/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.28
    •  
  • 6460 Sacramento Avenue Rancho Cucamonga, 4
    • 4 beds 2 baths ∙ 2,172 Sqft ∙ Built 1971 4 beds 2 baths ∙ 2,172 Sqft ∙ Built 1971
    LEASED 08/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.29
    •  
  • 9420 Orange Street Rancho Cucamonga, 5
    • 4 beds 2 baths ∙ 2,040 Sqft ∙ Built 1975 4 beds 2 baths ∙ 2,040 Sqft ∙ Built 1975
    LEASED 06/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.47
    •  
PROPERTY LISTING DETAILS
Jerrold Tomeo
Mgr Real Estate, Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20167535
Last Updated: 08/18/2020
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