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11288 Mercury Court Jurupa Valley, CA 91752

4 Beds 3 Baths 1,749 sqft Built 1976

$669,900

List Price

$2,610

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1976
  • Price/Sqft : $383.02
  • 13 Days on Market
  • MLS # : IV20263594
  • Updated Date : 01/07/2021 at 15:02
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,749 sqft
  • Baths : 2 full , 1 half
Listing Agent

Berkshire Hathaway Homeservices California Realty

Listing Agent's Description

This SKY COUNTRY Community Home HAS IT ALL.. 4 BEDROOMS, 2 BATHS, 2 FIREPLACE'S (Most Homes Only Have One Fireplace), HEATED POOL and SPA.. PLUS an Approx. 600 Sq.Ft. ADU (Auxiliary Dwelling Unit) Which can Either be a WORKSHOP or a MOTHER IN-LAWS QUARTERS-Complete with KITCHEN, BATHROOM (Connected to Sewer) with SHOWER and SKYLIGHTS. Also out Back is a SHED, CHILDREN'S PLAYHOUSE, OUTDOOR BBQ (GAS & CHARCOAL), FIRE-PIT, BASKETBALL HOOP and LATTICE PATIO with MISTERS. This Backyard is a WHOPPING .77! Leaving you Plenty of Room to Park your MOTORHOME, TOY HAULER, HORSE TRAILER and More.. LOW TAXES, with NO MELLO ROO'S make this an AMAZING Find.. ELEMENTARY SCHOOL inside Community, 2 PARKS, 2 HORSE ARENA'S with Riding Trails throughout. HIGH SCHOOL Across the Street. SPORTS PARK Just Outside the Community. GREAT Shopping and Freeways Nearby. Contact Me Today for More Information OR for a Showing...

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: 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
 

$602,910$736,890$669,900

PURCHASE PRICE

$2,349$2,871$2,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,610
EXPENSES Loan Payment -$2,327
Property Tax -$638
Property Insurance -$70
Property Management Fees -$154
CASH FLOW
-$578

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.

$669,900

PROJECTED PRICE

$2,610

PROJECTED RENT

0.39%

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

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$183,274

INVESTMENT

$183,274

Down Payment
$167,475
Rehab Estimate
$5,750
Closing Costs
$10,049

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,327

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $167,475
Loan Amount $502,425
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$4,762

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,610

    LIST RENT
  • $1.49

    LIST RENT PER SQFT
  • $2,594

    COMP ESTIMATED VALUE
  • $1.48

    COMP AVG. RENT PER SQFT
Comps Range
$2,450
1$2,4502$2,6103$2,6504$2,700
$2,700
RENT COMPS ANALYSIS
  • 11288 Mercury Court Jurupa Valley, CA 2
    • 4 beds 3 baths ∙ 1,749 Sqft ∙ Built 1976 4 beds 3 baths ∙ 1,749 Sqft ∙ Built 1976
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,610
    • $1.49
    •  
  • 5106 Trail Canyon Drive Jurupa Valley, CA 1
    • 4 beds 2 baths ∙ 1,759 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,759 Sqft ∙ Built 1979
    property image
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.39
    •  
  • 11289 Mercury Court Jurupa Valley, CA 3
    • 4 beds 2 baths ∙ 1,749 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,749 Sqft ∙ Built 1976
    property image
    LEASED 07/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.52
    •  
  • 283 8th Street Norco, CA 4
    • 3 beds 3 baths ∙ 1,754 Sqft ∙ Built 1971 3 beds 3 baths ∙ 1,754 Sqft ∙ Built 1971
    property image
    LEASED 03/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.54
    •  
PROPERTY LISTING DETAILS
Lisa Lane
Berkshire Hathaway Homeservices California Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV20263594
Last Updated: 01/07/2021
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