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11803 Shallows Drive Jurupa Valley, CA 91752

3 Beds 2 Baths 1,942 sqft Built 2016

$550,000

List Price

$2,520

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

December 29, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $283.21
  • 6 Days on Market
  • MLS # : IV20263559
  • Updated Date : 01/02/2021 at 05:05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,942 sqft
  • Baths : 2 full
Listing Agent

Prime Time Real Estate & Fin

Listing Agent's Description

Located in the Riverbend Community in Jurupa Valley situated on a corner lot sits this beautiful single story home. This well maintained home features gorgeous laminate wood and tile flooring. Bright open kitchen with center island, huge breakfast bar, granite countertops and a walk-in pantry. Formal dining room and inviting family room with fireplace. The spacious primary suite features a walk-in closet and upgraded bathroom with dual sinks, vanity and separate tub and shower. The two secondary bedrooms are generously sized and share one full upgraded bathroom. Interior laundry room with storage area. Water softener and paid off solar system. Two car attached garage with direct entry. Relax in the private backyard with above ground spa. Home is conveniently located near the 15 freeway, good schools, shopping, restaurants, parks and entertainment. Welcome to the Neighborhood!

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: 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
Louis Vandermolen Fundamental Elementary School Primary Regular 1,080 41 5
River Heights Intermediate School Middle Regular 1,052 37 7
Eleanor Roosevelt High School High Regular 3,868 134 8

Louis Vandermolen Fundamental Elementary School

  • Education Level: Primary
  • # of students: 1,080
  • # of teachers: 41
5
GreatSchools Rating

River Heights Intermediate School

  • Education Level: Middle
  • # of students: 1,052
  • # of teachers: 37
7
GreatSchools Rating

Eleanor Roosevelt High School

  • Education Level: High
  • # of students: 3,868
  • # of teachers: 134
8
GreatSchools Rating
 

$495,000$605,000$550,000

PURCHASE PRICE

$2,268$2,772$2,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,520
EXPENSES Loan Payment -$2,029
Property Tax -$673
Property Insurance -$74
HOA -$73
Property Management Fees -$149
CASH FLOW
-$478

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.

$550,000

PROJECTED PRICE

$2,520

PROJECTED RENT

0.46%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,500

INVESTMENT

$151,500

Down Payment
$137,500
Rehab Estimate
$5,750
Closing Costs
$8,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,029

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $137,500
Loan Amount $412,500
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$4,722

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,520

    LIST RENT
  • $1.3

    LIST RENT PER SQFT
  • $2,549

    COMP ESTIMATED VALUE
  • $1.31

    COMP AVG. RENT PER SQFT
Comps Range
$2,290
1$2,2902$2,5003$2,5204$2,8005$3,000
$3,000
RENT COMPS ANALYSIS
  • 11803 Shallows Drive Jurupa Valley, CA 3
    • 3 beds 2 baths ∙ 1,942 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,942 Sqft ∙ Built 2016
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,520
    • $1.30
    •  
  • 6350 Aquila Way Eastvale, CA 1
    • 3 beds 3 baths ∙ 1,670 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,670 Sqft ∙ Built 2017
    property image
    LEASED 11/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,290
    • $1.37
    •  
  • 6874 Cache Way Jurupa Valley, CA 2
    • 3 beds 2 baths ∙ 1,968 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,968 Sqft ∙ Built 2018
    property image
    LEASED 08/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.27
    •  
  • 12026 Foreshore Way Jurupa Valley, CA 4
    • 4 beds 3 baths ∙ 2,273 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,273 Sqft ∙ Built 2017
    property image
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.23
    •  
  • 6882 Rivertrails Drive Eastvale, CA 5
    • 4 beds 3 baths ∙ 2,181 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,181 Sqft ∙ Built 2002
    property image
    LEASED 12/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.38
    •  
PROPERTY LISTING DETAILS
Dwayne Richardson
Prime Time Real Estate & Fin
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV20263559
Last Updated: 01/02/2021
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