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11468 Corte Cuyama Jurupa Valley, CA 91752

3 Beds 2 Baths 1,952 sqft Built 2015

$579,900

List Price

$2,710

$2.5K - $3K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $297.08
  • 2 Days on Market
  • MLS # : IV21005024
  • Updated Date : 01/09/2021 at 18:22
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,952 sqft
  • Baths : 2 full
Listing Agent

Forefront Real Estate

Listing Agent's Description

Welcome to your immaculate home nestled in Rancho Del Sol area in the city of Jurupa Valley. Perfect for a growing family, the home is ideally positioned to enjoy restaurants, shopping centers, and schools. The floor plan incorporates 3 bedrooms, 2 bathrooms, a modern kitchen with quality appliances/granite counter tops, and a beautifully planned backyard. The generously proportioned interior flows effortlessly with an open-floor plan allowing you to entertain with ease The master bedroom has a walk-in closet and good size bathroom with dual sink vanity. A tropical backyard offers a spa, outdoor kitchen and trickling pond. Prepare to be impressed when you enter this very well maintained home.

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: Jurupa Valley

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $116k470k

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

Neighborhood: Jurupa Valley

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2100012001400160018002000220024002600Rent in $9112678

* 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
Del Sol Academy Primary Regular NA
Del Sol Academy Middle Regular NA
Jurupa Valley High School High Regular 1,608 65 4

Del Sol Academy

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Del Sol Academy

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Jurupa Valley High School

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

$521,910$637,890$579,900

PURCHASE PRICE

$2,439$2,981$2,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,710
EXPENSES Loan Payment -$2,014
Property Tax -$548
Property Insurance -$74
Property Management Fees -$160
CASH FLOW
-$86

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.

$579,900

PROJECTED PRICE

$2,710

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.76%
Appreciation Year (1-5) 7.9%
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-$5.0k$0.0$5.0k$10k$15k$20k

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$159,424

INVESTMENT

$159,424

Down Payment
$144,975
Rehab Estimate
$5,750
Closing Costs
$8,699

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,014

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $144,975
Loan Amount $434,925
See What Happens When You Reinvest Cash Flow

4.67

YEARS SAVED

$28,270

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,710

    LIST RENT
  • $1.39

    LIST RENT PER SQFT
  • $2,338

    COMP ESTIMATED VALUE
  • $1.2

    COMP AVG. RENT PER SQFT
Comps Range
$2,450
1$2,4502$2,5003$2,5004$2,5005$2,710
$2,710
RENT COMPS ANALYSIS
  • 11468 Corte Cuyama Jurupa Valley, CA 5
    • 3 beds 2 baths ∙ 1,952 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,952 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $2,710
    • $1.39
    •  
  • 3223 S Edenglen Avenue Ontario, CA 1
    • 3 beds 3 baths ∙ 2,040 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,040 Sqft ∙ Built 2013
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.20
    •  
  • 5623 Skimmer Drive Jurupa Valley, CA 2
    • 4 beds 3 baths ∙ 2,273 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,273 Sqft ∙ Built 2017
    LEASED 02/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.10
    •  
  • 11059 Wheatfield Ct Jurupa Valley, CA 3
    • 4 beds 3 baths ∙ 1,948 Sqft ∙ Built 2019 4 beds 3 baths ∙ 1,948 Sqft ∙ Built 2019
    LEASED 07/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.28
    •  
  • 11067 Longfield Lane Jurupa Valley, CA 4
    • 4 beds 3 baths ∙ 2,071 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,071 Sqft ∙ Built 2018
    LEASED 08/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.21
    •  
PROPERTY LISTING DETAILS
Kellie Boone
Forefront Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV21005024
Last Updated: 01/09/2021
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