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11930 Solitaire Court Jurupa Valley, CA 91752

4 Beds 3 Baths 2,900 sqft Built 2005

$569,000

List Price

$2,890

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 2005
  • Price/Sqft : $196.21
  • 9 Days on Market
  • MLS # : CV20225898
  • Updated Date : 10/28/2020 at 14:43
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,900 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Socal

Listing Agent's Description

This TURNKEY two-story home is perfectly situated close to shopping and ease of access to 15 freeway . The front yard containing lush landscaping with lots of trees and a beautifully detailed stone entrance. This home has an abundance of room, living room and covered patio space great for entertaining all year round! This chef style kitchen has plenty of counter space equipped with granite countertops and excellent for prepping your favorite meal. With every bedroom throughout the house breezed through with beautiful ceiling fanning, new shutters and with both the MASTER SUIT and guest bedroom being found downstairs. The master bedroom suite is spacious with massive walk in closet and bathroom space that offers your own private oasis. Crown-molding, inlet and cabinet space is featured throughout the home. This home can be converted into a 5 bedroom house .

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
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
 

$512,100$625,900$569,000

PURCHASE PRICE

$2,601$3,179$2,890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,890
EXPENSES Loan Payment -$2,099
Property Tax -$696
Property Insurance -$97
Property Management Fees -$171
CASH FLOW
-$173

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.

$569,000

PROJECTED PRICE

$2,890

PROJECTED RENT

0.51%

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$1.8M

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$156,535

INVESTMENT

$156,535

Down Payment
$142,250
Rehab Estimate
$5,750
Closing Costs
$8,535

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,099

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $142,250
Loan Amount $426,750
See What Happens When You Reinvest Cash Flow

3.92

YEARS SAVED

$24,745

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,890

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $2,936

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$2,8903$2,9504$3,0505$3,200
$3,200
RENT COMPS ANALYSIS
  • 11930 Solitaire Court Jurupa Valley, CA 2
    • 3 beds 3 baths ∙ 2,900 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,900 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,890
    • $1.00
    •  
  • 12050 Geode Street Jurupa Valley, CA 1
    • 4 beds 3 baths ∙ 2,609 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,609 Sqft ∙ Built 2010
    LEASED 12/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.03
    •  
  • 12325 Nicole Court Eastvale, CA 3
    • 4 beds 3 baths ∙ 3,114 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,114 Sqft ∙ Built 2005
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $0.95
    •  
  • 6885 Bank Side Drive Jurupa Valley, CA 4
    • 4 beds 4 baths ∙ 2,842 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,842 Sqft ∙ Built 2018
    LEASED 09/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,050
    • $1.07
    •  
  • 12434 Meadowvale Street Eastvale, CA 5
    • 4 beds 3 baths ∙ 3,186 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,186 Sqft ∙ Built 2006
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.00
    •  
PROPERTY LISTING DETAILS
Tommy Heard
Keller Williams Socal
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20225898
Last Updated: 10/28/2020
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