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11152 Gardenhurst Court Riverside, CA 92505

5 Beds 3 Baths 2,561 sqft Built 2003

$589,900

List Price

$2,430

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $230.34
  • 4 Days on Market
  • MLS # : EV21029269
  • Updated Date : 02/11/2021 at 23:01
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,561 sqft
  • Baths : 3 full
Listing Agent

Redfin

Listing Agent's Description

Move-in ready, 5 bedroom / 3 bathroom, 2561 SF 2-story in the La Sierra gated community of Riverwalk Tiburon. Cul de sac street and great curb appeal w/ river rock exterior accents and relaxing front porch. Open and spacious floorplan with high ceilings & lots of natural light. 20-inch diagonal flooring. Downstairs den / office could be additional bedroom. Downstairs full bathroom. Formal Living Room and Formal Dining Room. Great Room w/ tile fireplace. Open kitchen with white tile counters, island w/ bar overhang, recessed lighting, stainless steel appliances and oak cabinets. Upstairs has multi-functional loft. Laundry Room u[stairs. Big secondary bedrooms (all but one have walk-in closets). Large primary suite w/ over-sized walk-in closet. Primary bathroom has dual sinks and tils flooring. Attached 2- car, finished garage includes a water softener. Nice backyard w/ patio pavers throughout, and gas fire pit. Amenities include pool, spa, BBQ and playground. Demand area, close to schools, shopping and easy access to the 91 FWY. ~~Professional pics and 3-D Scan coming soon~~

SEE MORE

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: La Sierra

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $142k484k

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

Neighborhood: La Sierra

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2100011001200130014001500160017001800190020002100Rent in $9672141

* 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
Mcauliffe Elementary School Primary Regular 753 28 4
Villegas Middle School Middle Regular 1,356 53 5
La Sierra High School High Regular 2,137 91 4

Mcauliffe Elementary School

  • Education Level: Primary
  • # of students: 753
  • # of teachers: 28
4
GreatSchools Rating

Villegas Middle School

  • Education Level: Middle
  • # of students: 1,356
  • # of teachers: 53
5
GreatSchools Rating

La Sierra High School

  • Education Level: High
  • # of students: 2,137
  • # of teachers: 91
4
GreatSchools Rating
 

$530,910$648,890$589,900

PURCHASE PRICE

$2,187$2,673$2,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,430
EXPENSES Loan Payment -$2,049
Property Tax -$599
Property Insurance -$89
HOA -$105
Property Management Fees -$143
CASH FLOW
-$555

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.

$589,900

PROJECTED PRICE

$2,430

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 8.6%
Maintenance Year (1-5) 8.00%
Vacancy 5.43%
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$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$162,074

INVESTMENT

$162,074

Down Payment
$147,475
Rehab Estimate
$5,750
Closing Costs
$8,849

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,049

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $147,475
Loan Amount $442,425
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$2,629

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,430

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $2,619

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$2,430
1$2,4302$2,5003$2,6004$2,7005$2,900
$2,900
RENT COMPS ANALYSIS
  • 11152 Gardenhurst Court Riverside, CA 1
    • 5 beds 3 baths ∙ 2,561 Sqft ∙ Built 2003 5 beds 3 baths ∙ 2,561 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $2,430
    • $0.95
    •  
  • 4890 Trailhill Court Riverside, CA 2
    • 4 beds 3 baths ∙ 2,732 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,732 Sqft ∙ Built 2002
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.92
    •  
  • 4237 Pondhill Court Riverside, CA 3
    • 5 beds 3 baths ∙ 2,431 Sqft ∙ Built 2001 5 beds 3 baths ∙ 2,431 Sqft ∙ Built 2001
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.07
    •  
  • 11524 Waterwell Court Riverside, CA 4
    • 4 beds 3 baths ∙ 2,706 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,706 Sqft ∙ Built 2002
    LEASED 11/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.00
    •  
  • 11571 Trailrun Court Riverside, CA 5
    • 4 beds 3 baths ∙ 2,644 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,644 Sqft ∙ Built 2002
    LEASED 03/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.10
    •  
PROPERTY LISTING DETAILS
Michael Espiritu
Redfin
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: EV21029269
Last Updated: 02/11/2021
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