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PROPERTY INFO
FACTS
- Single Family
- Built In 1980
- Price/Sqft : $370.25
- 2 Days on Market
- MLS # : CV20233532
- Updated Date : 12/05/2020 at 13:07
CONSTRUCTION
- Beds : 4
- Floor Size : 2,104 sqft
- Baths : 2 full
Listing Agent
Berkshire Hath Hm Svcs Ca Prop
Listing Agent's Description
Single story 4 BD, 2 BA, cul-de-sac home w/3 car garage. Custom, concrete driveway w/paver walk past a foam jet fountain to double door entry. Upon opening the door, a large view of the back yard. Entry has high ceiling with large fan w/upper & lower light. To the right, the living room & dining area. Straight ahead the family room, casual dining & kitchen. Newer kitchen cabinets (Lazy Susan, Trash & Pull Outs), Quartz counter & Glass backsplash completed 10/18. Off family room is one bedroom w/French doors (used as an office). The Laundry area/exit to garage are next. Cabinets in laundry to ceiling w/2 hamper drawers. Small counter at back door. Master Bedroom has ceiling fan, sitting area, dressing area w/double sinks, Mirrored wardrobe walk in closet. Toilet & custom shower/tub is separated. Step down into tub/shower which has rain shower head, 4 body jets & handheld. Garden view from large bath/shower windows. 2 other bedrooms with ceiling fans w/lights & wardrobe mirrors. New carpet 10/20. Light and airy w/6 tube skylights & additional lighting in office, family room. Back Yard: Tropical & lots of water! 3 tier fountain off large aluminum patio cover. Up the rock stairs past the rose garden to pool & spa with newer plaster, tile & heater 7/19. Beyond pool is a separated work area, shed & Bridle Trail access with double gate. Garden pond with small waterfall on side yard & dog run! Lots of tropical plants, palms and succulents. Feels very private!
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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
* 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 | $3,140 |
EXPENSES | Loan Payment | -$2,874 |
Property Tax | -$743 | |
Property Insurance | -$78 | |
Property Management Fees | -$185 | |
CASH FLOW
-$741
|
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.
$779,000
PROJECTED PRICE
$3,140
PROJECTED RENT
0.40%
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
$212,185
LOAN DETAILS
$2,874
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $194,750 |
Loan Amount | $584,250 |
1.42
YEARS SAVED
$6,960
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,140
LIST RENT -
$1.49
LIST RENT PER SQFT
-
$2,509
COMP ESTIMATED VALUE -
$1.19
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
Berkshire Hath Hm Svcs Ca Prop
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: CV20233532
Last Updated: 12/05/2020