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

6356 Buckthorn Avenue Alta Loma, CA 91701

5 Beds 3 Baths 2,050 sqft Built 1967

$650,000

List Price

$2,760

$2.5K - $3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 1967
  • Price/Sqft : $317.07
  • 27 Days on Market
  • MLS # : IG21021830
  • Updated Date : 02/27/2021 at 08:34
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,050 sqft
  • Baths : 3 full
Listing Agent

Remax One

Listing Agent's Description

Excellent opportunity to own a Single-Story POOL Home in the beautiful Alta Loma area of Rancho Cucamonga. This 5-bedroom home is located on a cul-de-sac, in a quiet and established neighborhood. The Large, very private back yard features a beautiful pool, firepit, and mature landscape great for family gatherings. This property has so much potential - there is so much you can do with it - it just needs you and your imagination to be amazing! With low taxes, no HOA, award-winning schools, close to shopping, parks, and freeway access, this home will not last long!!!

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
Alta Loma Junior High School Middle Regular 658 24 7
Alta Loma High School High Regular 2,648 100 8

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
 

$585,000$715,000$650,000

PURCHASE PRICE

$2,484$3,036$2,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,760
EXPENSES Loan Payment -$2,258
Property Tax -$606
Property Insurance -$77
Property Management Fees -$163
CASH FLOW
-$344

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.

$650,000

PROJECTED PRICE

$2,760

PROJECTED RENT

0.42%

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-$5.0k$0.0$5.0k$10k$15k$20k

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$178,000

INVESTMENT

$178,000

Down Payment
$162,500
Rehab Estimate
$5,750
Closing Costs
$9,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,258

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $162,500
Loan Amount $487,500
See What Happens When You Reinvest Cash Flow

3

YEARS SAVED

$15,636

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,760

    LIST RENT
  • $1.35

    LIST RENT PER SQFT
  • $2,865

    COMP ESTIMATED VALUE
  • $1.4

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$2,7603$2,9954$2,9955$3,100
$3,100
RENT COMPS ANALYSIS
  • 6356 Buckthorn Avenue Alta Loma, CA 2
    • 5 beds 3 baths ∙ 2,050 Sqft ∙ Built 1967 5 beds 3 baths ∙ 2,050 Sqft ∙ Built 1967
    • Rent
    • Rent Per SQFT
    •  
    • $2,760
    • $1.35
    •  
  • 9568 Hamilton Street Rancho Cucamonga, CA 1
    • 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
    •  
  • 6333 Citrine Street Rancho Cucamonga, CA 3
    • 4 beds 2 baths ∙ 1,945 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,945 Sqft ∙ Built 1973
    LEASED 03/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.54
    •  
  • 9420 Orange Street Rancho Cucamonga, CA 4
    • 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
    •  
  • 9587 Carrari Court Rancho Cucamonga, CA 5
    • 4 beds 3 baths ∙ 2,386 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,386 Sqft ∙ Built 1979
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.30
    •  
PROPERTY LISTING DETAILS
Gala Romano
Remax One
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IG21021830
Last Updated: 02/27/2021
BESbswy