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12162 Chutes Court Jurupa Valley, CA 91752

4 Beds 2 Baths 2,282 sqft Built 2016

$580,000

List Price

$2,670

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $254.16
  • 9 Days on Market
  • MLS # : WS21019522
  • Updated Date : 01/30/2021 at 21:41
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,282 sqft
  • Baths : 2 full
Listing Agent

Foothill Realty & Investment

Listing Agent's Description

Beautiful 2-storey singel family residence. This property features 4 bedrooms and 3 bathroom with a study room. One bedroom and one bathroom at downstair, built-in range top, kitchen island, walk-in pantry, fireplace. Spacious masterbedroom with retreat, walk-in shower and bathtub, double-sink vanity, walk-in closet. A separate laundry room at upstair. Home has solar lease, buyers to assume solar panel lease.

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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: 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
River Heights Intermediate School Middle Regular 1,052 37 7
Eleanor Roosevelt High School High Regular 3,868 134 8
River Heights Intermediate School Middle Unknown NA

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

River Heights Intermediate School

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

$522,000$638,000$580,000

PURCHASE PRICE

$2,403$2,937$2,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,670
EXPENSES Loan Payment -$2,015
Property Tax -$709
Property Insurance -$82
HOA -$26
Property Management Fees -$158
CASH FLOW
-$319

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.

$580,000

PROJECTED PRICE

$2,670

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$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

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$159,450

INVESTMENT

$159,450

Down Payment
$145,000
Rehab Estimate
$5,750
Closing Costs
$8,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,015

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $145,000
Loan Amount $435,000
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$10,580

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,670

    LIST RENT
  • $1.17

    LIST RENT PER SQFT
  • $2,693

    COMP ESTIMATED VALUE
  • $1.18

    COMP AVG. RENT PER SQFT
Comps Range
$2,670
1$2,6702$2,7003$2,7254$2,8005$2,800
$2,800
RENT COMPS ANALYSIS
  • 12162 Chutes Court Jurupa Valley, CA 1
    • 4 beds 2 baths ∙ 2,282 Sqft ∙ Built 2016 4 beds 2 baths ∙ 2,282 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $2,670
    • $1.17
    •  
  • 7028 Terrapin Way Eastvale, CA 2
    • 4 beds 4 baths ∙ 2,245 Sqft ∙ Built 2017 4 beds 4 baths ∙ 2,245 Sqft ∙ Built 2017
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.20
    •  
  • 12167 Rhone Ct Jurupa Valley, CA 3
    • 4 beds 3 baths ∙ 2,409 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,409 Sqft ∙ Built 2017
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,725
    • $1.13
    •  
  • 6958 Cache Way Jurupa Valley, CA 4
    • 4 beds 3 baths ∙ 2,404 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,404 Sqft ∙ Built 2016
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.16
    •  
  • 12026 Foreshore Way Jurupa Valley, CA 5
    • 4 beds 3 baths ∙ 2,273 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,273 Sqft ∙ Built 2017
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.23
    •  
PROPERTY LISTING DETAILS
Zhiren Rao
Foothill Realty & Investment
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: WS21019522
Last Updated: 01/30/2021
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