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12102 Tide Pool Drive Jurupa Valley, CA 91752

3 Beds 3 Baths 1,819 sqft Built 2017

$589,999

List Price

$2,360

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

January 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $324.35
  • 4 Days on Market
  • MLS # : IV21013152
  • Updated Date : 01/21/2021 at 11:21
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,819 sqft
  • Baths : 2 full , 1 half
Listing Agent

Simple Real Estate Group

Listing Agent's Description

Welcome Home! This beautiful and nearly brand new home is situated in the highly sought after Riverbend Community of Jurupa Valley. This home feeds into the Corona-Norco Unified School District, and the assigned high school is the top rated Roosevelt High. This home is over 1,800sf and sits on a corner lot, over 6,500sf. The curb appeal of this home is highlighted by the custom landscape and hardscape. Inside the home you are greeted by custom wood laminate flooring, wide open floor-plan, custom built-ins and a kitchen that opens up to the family room. The kitchen is fully stocked with granite counters, stainless steel appliances, double oven, stainless steel cook-top, pantry and plenty of cabinet space. Upstairs there are 3 bedrooms, 2 full baths, and large loft. The master bedroom has a ceiling fan, a large walk-in closet and a beautiful master bath with double sinks, separate shower and soaking tub and custom tile flooring. The guest bath features double sinks, and plenty of storage with it's large vanity. The upstairs laundry room is large with plenty of cabinets and a rack for drying. There are window shutters though-out the home. The garage is completely finished with epoxy floors, tankless water heater and over-head custom storage racks. This home is powered by solar energy, combined with energy efficient appliances, the cost for energy is greatly reduced. The backyard has covered patio with lighted ceiling fans, custom landscape, huge grassy area and a gazebo.

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

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
 

$530,999$648,999$589,999

PURCHASE PRICE

$2,124$2,596$2,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,360
EXPENSES Loan Payment -$2,049
Property Tax -$722
Property Insurance -$71
HOA -$73
Property Management Fees -$139
CASH FLOW
-$694

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.

$589,999

PROJECTED PRICE

$2,360

PROJECTED RENT

0.40%

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

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$162,100

INVESTMENT

$162,100

Down Payment
$147,500
Rehab Estimate
$5,750
Closing Costs
$8,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,049

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $147,500
Loan Amount $442,499
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$305

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,360

    LIST RENT
  • $1.3

    LIST RENT PER SQFT
  • $2,365

    COMP ESTIMATED VALUE
  • $1.3

    COMP AVG. RENT PER SQFT
Comps Range
$2,350
1$2,3502$2,3603$2,4004$2,4505$2,500
$2,500
RENT COMPS ANALYSIS
  • 12102 Tide Pool Drive Jurupa Valley, CA 2
    • 3 beds 3 baths ∙ 1,819 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,819 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,360
    • $1.30
    •  
  • 6327 Aquila Way Eastvale, CA 1
    • 3 beds 3 baths ∙ 1,668 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,668 Sqft ∙ Built 2018
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.41
    •  
  • 6366 Marbella Lane Eastvale, CA 3
    • 4 beds 3 baths ∙ 2,016 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,016 Sqft ∙ Built 2006
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.19
    •  
  • 6800 Massy Harris Way Eastvale, CA 4
    • 3 beds 2 baths ∙ 1,848 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,848 Sqft ∙ Built 2006
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.33
    •  
  • 6874 Cache Way Jurupa Valley, CA 5
    • 3 beds 2 baths ∙ 1,968 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,968 Sqft ∙ Built 2018
    LEASED 08/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.27
    •  
PROPERTY LISTING DETAILS
Maria Calderon
Simple Real Estate Group
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV21013152
Last Updated: 01/21/2021
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