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

11057 Ryder Road Jurupa Valley, CA 91752

4 Beds 3 Baths 2,572 sqft Built 2017

$640,000

List Price

$3,060

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 2017
  • Price/Sqft : $248.83
  • 5 Days on Market
  • MLS # : IV20233377
  • Updated Date : 11/07/2020 at 18:36
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,572 sqft
  • Baths : 3 full
Listing Agent

Solorio Real Estate

Listing Agent's Description

Here is your chance to own a nice single story 4 bedroom, 3 bath, spacious den , 3 car tandem garage, and possible RV parking. This lovely home includes a water filtration system and wired for surround sound system.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Jurupa Valley

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $116k470k

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

Neighborhood: Jurupa Valley

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2100012001400160018002000220024002600Rent in $9112678

* 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
Del Sol Academy Primary Regular NA
Del Sol Academy Middle Regular NA
Jurupa Valley High School High Regular 1,608 65 4

Del Sol Academy

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Del Sol Academy

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Jurupa Valley High School

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

$576,000$704,000$640,000

PURCHASE PRICE

$2,754$3,366$3,060

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,060
EXPENSES Loan Payment -$2,361
Property Tax -$605
Property Insurance -$89
Property Management Fees -$181
CASH FLOW
-$176

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.

$640,000

PROJECTED PRICE

$3,060

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.76%
Appreciation Year (1-5) 7.9%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$175,350

INVESTMENT

$175,350

Down Payment
$160,000
Rehab Estimate
$5,750
Closing Costs
$9,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,361

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $160,000
Loan Amount $480,000
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$31,608

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,060

    LIST RENT
  • $1.19

    LIST RENT PER SQFT
  • $3,054

    COMP ESTIMATED VALUE
  • $1.19

    COMP AVG. RENT PER SQFT
Comps Range
$2,650
1$2,6502$3,0003$3,0004$3,0605$3,500
$3,500
RENT COMPS ANALYSIS
  • 11057 Ryder Road Jurupa Valley, CA 4
    • 4 beds 3 baths ∙ 2,572 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,572 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $3,060
    • $1.19
    •  
  • 11443 Corte Soquel Jurupa Valley, CA 1
    • 4 beds 3 baths ∙ 2,398 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,398 Sqft ∙ Built 2016
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.11
    •  
  • 4981 Violas Court Jurupa Valley, CA 2
    • 4 beds 3 baths ∙ 2,484 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,484 Sqft ∙ Built 2018
    LEASED 07/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.21
    •  
  • 11035 Coral Dr Jurupa Valley, CA 3
    • 4 beds 3 baths ∙ 2,800 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,800 Sqft ∙ Built 2017
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.07
    •  
  • 11097 Dane Drive Jurupa Valley, CA 5
    • 4 beds 3 baths ∙ 2,572 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,572 Sqft ∙ Built 2016
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.36
    •  
PROPERTY LISTING DETAILS
Manuel Solorio
Solorio Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV20233377
Last Updated: 11/07/2020
BESbswy