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11109 Dane Dr 
Jurupa Valley, CA
91752
4 Beds 3 Baths 2,800 sqft
Built 2018
INVESTimate
$628,888
List Price
$172,405
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PROPERTY INFO
FACTS
- Built In 2018
- Price/Sqft : $224.60
- 3 Days on Market
- MLS # : OC20150794
- Updated Date : 08/24/2020 at 11:55
CONSTRUCTION
- Beds : 4
- Floor Size : 2,800 sqft
- Baths : 3 full
Listing Agent
Realty One Group West
Listing Agent's Description
This house is a beautiful fully-upgraded Model home in the community, beautiful front yard & backyard landscape, including lighting, refrigerator, washer & dryer, TV...... offering two-story Harlow comfortable living and plenty of space for families. A gourmet kitchen in two styles provides the perfect backdrop for hosting large gatherings, and the home's oversized gathering room and spirited game room offer casual, comfortable retreat spaces for family and friends. Nearby schools include Jurupa Valley High School, Sky Country Elementary School, and Troth Street Elementary School. Near coffee shops include Rodeo Cafe, Circle K, and Tutti Frutti. Nearby restaurants include Big League Dreams, Farmer Boys and Carrasco Oscar.
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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: Jurupa Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Jurupa Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,740 |
| EXPENSES | Loan Payment | -$2,320 |
| Property Tax | -$594 | |
| Property Insurance | -$95 | |
| Property Management Fees | -$162 | |
|
CASH FLOW
-$431
|
||
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.
$628,888
PROJECTED PRICE
$2,740
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.76% |
| Appreciation Year (1-5) | 7.92% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.41% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$172,405
LOAN DETAILS
$2,320
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $157,222 |
| Loan Amount | $471,666 |
2.33
YEARS SAVED
$12,263
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,740
LIST RENT -
$0.98
LIST RENT PER SQFT
-
$2,828
COMP ESTIMATED VALUE -
$1.01
COMP AVG. RENT PER SQFT
Comps Range
-
11109 Dane Dr Jurupa Valley, 1
- 4 beds 3 baths ∙ 2,800 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,800 Sqft ∙ Built 2018
- Rent
- Rent Per SQFT
- $2,740
- $0.98
-
11141 Ryder Jurupa Valley, 2
- 5 beds 4 baths ∙ 2,998 Sqft ∙ Built 2017 5 beds 4 baths ∙ 2,998 Sqft ∙ Built 2017
LEASED 09/26/19- Rent
- Rent Per SQFT
- $2,850
- $0.95
-
11123 Day Drive Jurupa Valley, 3
- 5 beds 4 baths ∙ 2,831 Sqft ∙ Built 2018 5 beds 4 baths ∙ 2,831 Sqft ∙ Built 2018
LEASED 07/10/20- Rent
- Rent Per SQFT
- $2,950
- $1.04
-
4981 Violas Court Jurupa Valley, 4
- 5 beds 3 baths ∙ 2,997 Sqft ∙ Built 2018 5 beds 3 baths ∙ 2,997 Sqft ∙ Built 2018
LEASED 04/09/20- Rent
- Rent Per SQFT
- $2,950
- $0.98
-
11035 Coral Dr Jurupa Valley, 5
- 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
PROPERTY LISTING DETAILS
Realty One Group West
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: OC20150794
Last Updated: 08/24/2020
