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PROPERTY INFO
FACTS
- Single Family
- Built In 1976
- Price/Sqft : $309.34
- 3 Days on Market
- MLS # : CV20255742
- Updated Date : 12/11/2020 at 15:18
CONSTRUCTION
- Beds : 4
- Floor Size : 2,667 sqft
- Baths : 1 full
Listing Agent
Gushue Real Estate
Listing Agent's Description
WELL-DESIGNED TRI-LEVEL, WHERE EVERY ROOM IS SPACIOUS & BRIGHT.DBL DOORS PROVIDE A WARM WELCOME INTO THE STEP-DOWN LIVING ROOM WITH SPECTACULAR MOUNTAIN VIEWS & RAISED FORMAL DINING ROOM-BOTH W/SOARING CEILINGS.ROOMY KITCHEN HAS UPDATED 5 BURNER GAS COOKTOP, EATING BAR & LARGE BREAKFAST AREA,OVERLOOKING FAM/RM W/OAK PANELING, RECESSED LIGHTING & WALK-BEHIND OAK WET BAR. 1 B/R DOWN IS IDEAL FOR GUESTS/OFFICE.BATH DOWN HAS GRANITE VANITY,NEWLY TILED SHOWER W/GRANITE INLAY & DOOR TO SIDE YARD.GIGANTIC MASTER SUITE IS ACCESSED THROUGH DBL DRS & HAS CEILING FAN,FIREPLACE,UPDATED RECESSED LIGHTING,BALCONY W/CITY LIGHTS VIEWS & UPDATED DRESSING RM & BATH BOASTING GRANITE COUNTER TOPS, NEW FIXTURES, DUAL SINKS & ENLARGED SHOWER W/NEW TILE,GRANITE & GLASS DOORS. ALL B/RS UP HAVE CATHEDRAL CEILINGS & ARE UNUSUALLY LARGE. BACK YARD HAS 2 DBL WROUGHT IRON GATES TO RV AREA, SEPARATELY FENCED POOL & SPA, SEPARATELY FENCED DOG RUN, COVERED PATIO, PLUS TREE-SCREENED LOWER LEVEL W/CITRUS TREES & PLENTY OF OPEN SPACE FOR GARDENS, HORSES & BARNS W/GATE TO THE BRIDLE TRAIL. GREAT FAMILY @ EXCELLENT PRICE! AWARD WINNING SCHOOL DISTRICTS. SQ FT NOT MEASURED.BUYER TO VERIFY
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MARKET HIGHLIGHTS
- 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.
- 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)
PRICE & RENT TRENDS
Neighborhood: Alta Loma
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Alta Loma
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,910 |
| EXPENSES | Loan Payment | -$3,044 |
| Property Tax | -$768 | |
| Property Insurance | -$92 | |
| Property Management Fees | -$172 | |
|
CASH FLOW
-$1,165
|
||
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.
$825,000
PROJECTED PRICE
$2,910
PROJECTED RENT
0.35%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$224,375
LOAN DETAILS
$3,044
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $206,250 |
| Loan Amount | $618,750 |
0.25
YEARS SAVED
$281
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,910
LIST RENT -
$1.09
LIST RENT PER SQFT
-
$2,960
COMP ESTIMATED VALUE -
$1.11
COMP AVG. RENT PER SQFT
Comps Range
-
8793 Brilliant Lane Alta Loma, CA 4
- 4 beds 1 baths ∙ 2,667 Sqft ∙ Built 1976 4 beds 1 baths ∙ 2,667 Sqft ∙ Built 1976
- Rent
- Rent Per SQFT
- $2,910
- $1.09
-
6439 Zircon Avenue Alta Loma, CA 1
- 5 beds 2 baths ∙ 2,564 Sqft ∙ Built 1970 5 beds 2 baths ∙ 2,564 Sqft ∙ Built 1970
LEASED 11/01/19- Rent
- Rent Per SQFT
- $2,700
- $1.05
-
6440 Opal Street Rancho Cucamonga, CA 2
- 5 beds 2 baths ∙ 2,364 Sqft ∙ Built 1971 5 beds 2 baths ∙ 2,364 Sqft ∙ Built 1971
LEASED 12/05/19- Rent
- Rent Per SQFT
- $2,800
- $1.18
-
6285 Sacramento Avenue Rancho Cucamonga, CA 3
- 4 beds 3 baths ∙ 2,743 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,743 Sqft ∙ Built 1977
LEASED 08/18/20- Rent
- Rent Per SQFT
- $2,800
- $1.02
-
8156 Hillside Road Alta Loma, CA 5
- 4 beds 3 baths ∙ 2,699 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,699 Sqft ∙ Built 1990
LEASED 01/28/20- Rent
- Rent Per SQFT
- $3,200
- $1.19
PROPERTY LISTING DETAILS
Gushue Real Estate
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: CV20255742
Last Updated: 12/11/2020
