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PROPERTY INFO
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.
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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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Jurupa Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$159,424
LOAN DETAILS
$2,014
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $144,975 |
| Loan Amount | $434,925 |
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
-
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
Forefront Real Estate
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: IV21005024
Last Updated: 01/09/2021
