Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1130 N Mulberry Avenue Rialto, CA 92376

3 Beds 3 Baths 1,540 sqft Built 1985

$434,900

List Price

$1,840

$1.7K - $2K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $282.40
  • 5 Days on Market
  • MLS # : IV21017637
  • Updated Date : 01/27/2021 at 13:36
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,540 sqft
  • Baths : 2 full , 1 half
Listing Agent

Team Realty & Mortgage Co

Listing Agent's Description

WOW!! ABSOLUTELY GORGEOUS. Don't Miss Out This Turnkey HOME FULLY UPGRADED. Corner Lot home on Spacious lot IN A CUL DE SAC !!! PRIME LOCATION House features 1540 Square Footage LIVING SPACE , 5300 Lot square Footage. with 3 bedrooms / 2.5 Bath including an Elegant Master Bed room , newer porcelain tile flooring downstairs. Tiles kitchen counter tops. Newer stainless steel appliances. A Beautiful Fireplace in Family room, Spacious Living Room , Newer Carpet , NEW PAINT INSIDE AND OUTSIDE THE HOUSE , 2 Spacious Car Garage, Huge deck , close to shopping and 210 freeway.

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Rialto

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $116k459k

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

Neighborhood: Rialto

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q210001100120013001400150016001700180019002000Rent in $9112044

* 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
Bemis Elementary School Primary Regular 663 23 2
Frisbie Middle School Middle Regular 1,229 48 2
Eisenhower High School High Regular 2,456 99 4

Bemis Elementary School

  • Education Level: Primary
  • # of students: 663
  • # of teachers: 23
2
GreatSchools Rating

Frisbie Middle School

  • Education Level: Middle
  • # of students: 1,229
  • # of teachers: 48
2
GreatSchools Rating

Eisenhower High School

  • Education Level: High
  • # of students: 2,456
  • # of teachers: 99
4
GreatSchools Rating
 

$391,410$478,390$434,900

PURCHASE PRICE

$1,656$2,024$1,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,840
EXPENSES Loan Payment -$1,511
Property Tax -$507
Property Insurance -$64
HOA -$70
Property Management Fees -$109
CASH FLOW
-$421

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.

$434,900

PROJECTED PRICE

$1,840

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.76%
Appreciation Year (1-5) 9.1%
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

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$120,999

INVESTMENT

$120,999

Down Payment
$108,725
Rehab Estimate
$5,750
Closing Costs
$6,524

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,511

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $108,725
Loan Amount $326,175
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,176

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,840

    LIST RENT
  • $1.19

    LIST RENT PER SQFT
  • $1,856

    COMP ESTIMATED VALUE
  • $1.21

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,7003$1,7504$1,8405$2,150
$2,150
RENT COMPS ANALYSIS
  • 1130 N Mulberry Avenue Rialto, CA 4
    • 3 beds 3 baths ∙ 1,540 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,540 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $1,840
    • $1.19
    •  
  • 432 W Jackson Street Rialto, CA 1
    • 3 beds 2 baths ∙ 1,206 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,206 Sqft ∙ Built 1971
    LEASED 01/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.20
    •  
  • 430 E Cerritos Street Rialto, CA 2
    • 4 beds 2 baths ∙ 1,468 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,468 Sqft ∙ Built 1972
    LEASED 01/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.16
    •  
  • 172 W Walnut Avenue Rialto, CA 3
    • 3 beds 3 baths ∙ 1,462 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,462 Sqft ∙ Built 1987
    LEASED 08/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.20
    •  
  • 652 N Birch Avenue Rialto, CA 5
    • 4 beds 3 baths ∙ 1,710 Sqft ∙ Built 1989 4 beds 3 baths ∙ 1,710 Sqft ∙ Built 1989
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.26
    •  
PROPERTY LISTING DETAILS
Teo Hernandez
Team Realty & Mortgage Co
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV21017637
Last Updated: 01/27/2021
BESbswy