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11271 Sky Country Drive Jurupa Valley, CA 91752

3 Beds 1 Baths 2,233 sqft Built 1976

$649,999

List Price

$2,760

$2.5K - $3K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1976
  • Price/Sqft : $291.09
  • 3 Days on Market
  • MLS # : PW21003560
  • Updated Date : 01/15/2021 at 16:28
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,233 sqft
  • Baths : 1 full
Listing Agent

Partners Real Estate Group

Listing Agent's Description

Welcome Home!! This beautiful single story, Ranch style home is located on a 20,038 square foot lot with endless possibilities. House boasts 3 bedrooms and 2 bathrooms, with approximately 2,233 square feet of living space. Custom walk-in pantry, granite counter tops in kitchen and both bathrooms, stainless steel appliances, custom walk-in closets, and separate work-out room. Enter into the backyard, which is an entertainers dream. Enjoy cooking on the built in BBQ while your guests relax at the custom built bar top with gas fire pit, or cool off in the gorgeous, heated, inground pool and jacuzzi. Grass area provides ample space for tons of activities, still leaving plenty of room for horses to roam in their pens. Chicken coops, tortoise pen, and dog run allow for animals to enjoy their own space. Vinyl panel gate with remote access, 2-car detached garage with pull through access and RV parking. Multiple sheds on property including a 10ft. by 15ft. Tuff Shed with heightened roof provide additional storage space. Leased solar panels help towards electricity bills, and so much more. Conveniently located near shopping centers, riding trails, and Laramore Park featuring 2 horse arenas. No HOA and no Mello Roo's. Don't miss your opportunity, come see all this home has to offer!

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: Mira Loma

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $116k537k

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

Neighborhood: Mira Loma

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q210001200140016001800200022002400Rent in $9112487

* 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
Sky Country Elementary School Primary Regular 658 24 4
Sky Country Elementary School Middle Regular 658 24 4
Jurupa Valley High School High Regular 1,608 65 4

Sky Country Elementary School

  • Education Level: Primary
  • # of students: 658
  • # of teachers: 24
4
GreatSchools Rating

Sky Country Elementary School

  • Education Level: Middle
  • # of students: 658
  • # of teachers: 24
4
GreatSchools Rating

Jurupa Valley High School

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

$584,999$714,999$649,999

PURCHASE PRICE

$2,484$3,036$2,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,760
EXPENSES Loan Payment -$2,258
Property Tax -$619
Property Insurance -$81
Property Management Fees -$163
CASH FLOW
-$360

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.

$649,999

PROJECTED PRICE

$2,760

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.76%
Appreciation Year (1-5) 7.0%
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-$10k-$5.0k$0.0$5.0k$10k$15k$20k

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$178,000

INVESTMENT

$178,000

Down Payment
$162,500
Rehab Estimate
$5,750
Closing Costs
$9,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,258

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $162,500
Loan Amount $487,499
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$13,142

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,760

    LIST RENT
  • $1.24

    LIST RENT PER SQFT
  • $2,657

    COMP ESTIMATED VALUE
  • $1.19

    COMP AVG. RENT PER SQFT
Comps Range
$2,760
1$2,7602$2,800
$2,800
RENT COMPS ANALYSIS
  • 11271 Sky Country Drive Jurupa Valley, CA 1
    • 3 beds 1 baths ∙ 2,233 Sqft ∙ Built 1976 3 beds 1 baths ∙ 2,233 Sqft ∙ Built 1976
    • Rent
    • Rent Per SQFT
    •  
    • $2,760
    • $1.24
    •  
  • 5250 Haldor Drive Riverside, CA 2
    • 4 beds 3 baths ∙ 2,361 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,361 Sqft ∙ Built 1984
    LEASED 12/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.19
    •  
PROPERTY LISTING DETAILS
Chad Lundy
Partners Real Estate Group
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21003560
Last Updated: 01/15/2021
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