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11220 Rogers Street Riverside, CA 92505

4 Beds 2 Baths 1,555 sqft Built 1959

$459,900

List Price

$1,960

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1959
  • Price/Sqft : $295.76
  • 3 Days on Market
  • MLS # : SW20246637
  • Updated Date : 11/27/2020 at 14:57
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,555 sqft
  • Baths : 2 full
Listing Agent

Signature Real Estate Group

Listing Agent's Description

Come fall in love with this move-in-ready single story POOL/SPA home on a large private corner lot with RV parking!! Located in a well established and highly sought after neighborhood within minutes to the Freeway and La Sierra University! Beautiful curb appeal with meticulously maintained landscaping and new exterior paint. Featuring a bright and open floor plan with four over sized bedrooms and two full bathrooms, spacious living room with a beautiful stone fireplace, french doors, kitchen is light and bright offering an abundance of beautiful mahogany kitchen cabinets, under cabinet lighting, stainless steel appliances, newer dishwasher, kitchen opens to the dining area with a door leading to the large private backyard perfect for entertaining family and friends, splish splash in the spotless pool with new plaster ready to enjoy! Both guest and master baths have been upgraded with newer cabinetry, tiled showers and tile flooring. 2 car attached garage, huge driveway offering ample parking along with an area for parking your RV! Additional upgrades and features: Upgraded double pane windows throughout, ceiling fans, updated beautiful front door, newer garage door, newer roof, newer A/C, central cooling and heat and so much more! This home is truly a must see! Conveniently located near schools, restaurants and shopping!

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: Hallmark

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $116k502k

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

Neighborhood: Hallmark

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2100011001200130014001500160017001800190020002100Rent in $9112101

* 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
Valley View Elementary School Primary Regular 394 15 2
Villegas Middle School Middle Regular 1,356 53 5
La Sierra High School High Regular 2,137 91 4

Valley View Elementary School

  • Education Level: Primary
  • # of students: 394
  • # of teachers: 15
2
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
 

$413,910$505,890$459,900

PURCHASE PRICE

$1,764$2,156$1,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,960
EXPENSES Loan Payment -$1,697
Property Tax -$466
Property Insurance -$65
Property Management Fees -$116
CASH FLOW
-$383

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.

$459,900

PROJECTED PRICE

$1,960

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.76%
Appreciation Year (1-5) 10.3%
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$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$127,624

INVESTMENT

$127,624

Down Payment
$114,975
Rehab Estimate
$5,750
Closing Costs
$6,899

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,697

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $114,975
Loan Amount $344,925
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$5,299

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,960

    LIST RENT
  • $1.26

    LIST RENT PER SQFT
  • $1,990

    COMP ESTIMATED VALUE
  • $1.28

    COMP AVG. RENT PER SQFT
Comps Range
$1,960
1$1,9602$2,0003$2,1004$2,300
$2,300
RENT COMPS ANALYSIS
  • 11220 Rogers Street Riverside, CA 1
    • 4 beds 2 baths ∙ 1,555 Sqft ∙ Built 1959 4 beds 2 baths ∙ 1,555 Sqft ∙ Built 1959
    • Rent
    • Rent Per SQFT
    •  
    • $1,960
    • $1.26
    •  
  • 11678 Valverde Avenue Riverside, CA 2
    • 4 beds 3 baths ∙ 1,879 Sqft ∙ Built 1973 4 beds 3 baths ∙ 1,879 Sqft ∙ Built 1973
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.06
    •  
  • 5052 Red Bluff Road Riverside, CA 3
    • 4 beds 2 baths ∙ 1,568 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,568 Sqft ∙ Built 1978
    LEASED 06/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.34
    •  
  • 11241 Wayfield Road Riverside, CA 4
    • 4 beds 2 baths ∙ 1,595 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,595 Sqft ∙ Built 1977
    LEASED 10/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.44
    •  
PROPERTY LISTING DETAILS
Linda Cacciatori
Signature Real Estate Group
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW20246637
Last Updated: 11/27/2020
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