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10641 50th Street Jurupa Valley, CA 91752

3 Beds 2 Baths 1,558 sqft Built 1963

$479,990

List Price

$2,060

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

January 17, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1963
  • Price/Sqft : $308.08
  • 2 Days on Market
  • MLS # : IV21009725
  • Updated Date : 01/16/2021 at 15:27
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,558 sqft
  • Baths : 2 full
Listing Agent

Shining Star Real Estate

Listing Agent's Description

Horse property in Mira Loma. Clean and upgraded home has RV space, a patio and is ready for a new family. Kitchen has a range and dishwasher, as well as plenty of cabinets and counter space. There is a bathroom with a shower near the back door. A granite faced fireplace highlights the big step down living room. Another office/zoom room has a slider to the back yard. Down the hallway is the other bath and 3 bedrooms, 1 with a walk in closet. The laundry is in the 2 car garage. There is RV space on both sides of the home. The rear yard has corrals and multiple fruit trees including Avocado.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Reservoir Farms

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $116k470k

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

Neighborhood: Reservoir Farms

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q210001100120013001400150016001700180019002000210022002300Rent in $9112366

* 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
Troth Street Elementary School Primary Regular 818 31 2
Mira Loma Middle School Middle Regular 860 35 3
Jurupa Valley High School High Regular 1,608 65 4

Troth Street Elementary School

  • Education Level: Primary
  • # of students: 818
  • # of teachers: 31
2
GreatSchools Rating

Mira Loma Middle School

  • Education Level: Middle
  • # of students: 860
  • # of teachers: 35
3
GreatSchools Rating

Jurupa Valley High School

  • Education Level: High
  • # of students: 1,608
  • # of teachers: 65
4
GreatSchools Rating
 

$431,991$527,989$479,990

PURCHASE PRICE

$1,854$2,266$2,060

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,060
EXPENSES Loan Payment -$1,667
Property Tax -$449
Property Insurance -$65
Property Management Fees -$122
CASH FLOW
-$243

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.

$479,990

PROJECTED PRICE

$2,060

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.76%
Appreciation Year (1-5) 7.5%
Maintenance Year (1-5) 8.00%
Vacancy 5.41%
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$132,947

INVESTMENT

$132,947

Down Payment
$119,998
Rehab Estimate
$5,750
Closing Costs
$7,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,667

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $119,998
Loan Amount $359,993
See What Happens When You Reinvest Cash Flow

2.83

YEARS SAVED

$10,974

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,060

    LIST RENT
  • $1.32

    LIST RENT PER SQFT
  • $2,181

    COMP ESTIMATED VALUE
  • $1.4

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,0603$2,2504$2,450
$2,450
RENT COMPS ANALYSIS
  • 10641 50th Street Jurupa Valley, CA 2
    • 3 beds 2 baths ∙ 1,558 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,558 Sqft ∙ Built 1963
    • Rent
    • Rent Per SQFT
    •  
    • $2,060
    • $1.32
    •  
  • 10950 Julia Street Jurupa Valley, CA 1
    • 3 beds 2 baths ∙ 1,384 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,384 Sqft ∙ Built 1956
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.44
    •  
  • 9524 52nd Street Jurupa Valley, CA 3
    • 4 beds 2 baths ∙ 1,648 Sqft ∙ Built 1968 4 beds 2 baths ∙ 1,648 Sqft ∙ Built 1968
    LEASED 12/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.37
    •  
  • 5106 Trail Canyon Drive Jurupa Valley, CA 4
    • 4 beds 2 baths ∙ 1,759 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,759 Sqft ∙ Built 1979
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.39
    •  
PROPERTY LISTING DETAILS
Kimberley Robinson
Shining Star Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV21009725
Last Updated: 01/16/2021
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