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6385 Kettle Peak Place Alta Loma, CA 91737

3 Beds 2 Baths 1,172 sqft Built 1986

$499,900

List Price

$2,160

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 1986
  • Price/Sqft : $426.54
  • 4 Days on Market
  • MLS # : CV20230044
  • Updated Date : 10/31/2020 at 11:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,172 sqft
  • Baths : 2 full
Listing Agent

Century 21 King

Listing Agent's Description

In Alta Loma you will find This cozy 1 STORY HOME featuring the most awesome curb appeal. As you walk in to this amazing 3 bedrooms and 2 baths home with a beautiful and nice open floor plan that flows nicely. The living room a cozy fireplace. Kitchen opens into the dining room which makes it great for entertaining. Nice master with master bath and 2 nice size bedrooms. Cozy backyard what a great home for BBQ's and parties or to entertain friends to gather and enjoy. Located close to shopping, Ontario Mills, Victoria Gardens, restaurants and access to freeways. Don't let this opportunity pass you by!

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: Caryn

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700kPrice in $149k709k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Caryn

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q212001400160018002000220024002600Rent in $10822625

* 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
Caryn Elementary School Primary Regular 547 23 9
Day Creek Intermediate School Middle Regular 1,256 49 10
Los Osos High School High Regular 3,211 114 9

Caryn Elementary School

  • Education Level: Primary
  • # of students: 547
  • # of teachers: 23
9
GreatSchools Rating

Day Creek Intermediate School

  • Education Level: Middle
  • # of students: 1,256
  • # of teachers: 49
10
GreatSchools Rating

Los Osos High School

  • Education Level: High
  • # of students: 3,211
  • # of teachers: 114
9
GreatSchools Rating
 

$449,910$549,890$499,900

PURCHASE PRICE

$1,944$2,376$2,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,160
EXPENSES Loan Payment -$1,844
Property Tax -$482
Property Insurance -$56
Property Management Fees -$127
CASH FLOW
-$350

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.

$499,900

PROJECTED PRICE

$2,160

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 6.1%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$138,224

INVESTMENT

$138,224

Down Payment
$124,975
Rehab Estimate
$5,750
Closing Costs
$7,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,844

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $124,975
Loan Amount $374,925
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$10,213

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,160

    LIST RENT
  • $1.84

    LIST RENT PER SQFT
  • $1,890

    COMP ESTIMATED VALUE
  • $1.61

    COMP AVG. RENT PER SQFT
Comps Range
$2,160
1$2,1602$2,3003$2,3004$2,3005$2,400
$2,400
RENT COMPS ANALYSIS
  • 6385 Kettle Peak Place Alta Loma, CA 1
    • 3 beds 2 baths ∙ 1,172 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,172 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $2,160
    • $1.84
    •  
  • 11626 Mount Hood Court Rancho Cucamonga, CA 2
    • 3 beds 2 baths ∙ 1,472 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,472 Sqft ∙ Built 1986
    LEASED 05/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.56
    •  
  • 11071 Pacific Street Rancho Cucamonga, CA 3
    • 3 beds 2 baths ∙ 1,390 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,390 Sqft ∙ Built 1989
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.65
    •  
  • 6940 Belluno Place Rancho Cucamonga, CA 4
    • 3 beds 3 baths ∙ 1,418 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,418 Sqft ∙ Built 1989
    LEASED 12/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.62
    •  
  • 11670 Mount Miriah Drive Rancho Cucamonga, CA 5
    • 3 beds 2 baths ∙ 1,484 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,484 Sqft ∙ Built 1988
    LEASED 06/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.62
    •  
PROPERTY LISTING DETAILS
Ricardo Acevedo
Century 21 King
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20230044
Last Updated: 10/31/2020
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