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12202 Brianwood Drive Riverside, CA 92503

4 Beds 3 Baths 2,943 sqft Built 2003

$639,000

List Price

$2,770

$2.5K - $3K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $217.13
  • 5 Days on Market
  • MLS # : CV21017937
  • Updated Date : 01/27/2021 at 16:32
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,943 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max One

Listing Agent's Description

VICTORIA GROVES COMMUNITY....this lovely home is in pristine condition and ready for you to move in!! Enter to the formal living room and dining room just off of the large family room with recessed lighting and cozy fireplace. The kitchen has maple cabinets and large counter bar perfect for the chef in your family plus a large pantry for all your needs. Upstairs has the 4 Bedrooms plus a loft area with built ins, perfect for an office or game area. Huge master bedroom suite and retreat with its own comfy fireplace and a huge walk in closet. And take in the views! The laundry room is upstairs with counter and sink so you no longer have to lug the clothes up and down the stairs!!. The backyard is serene with sparkling pool and spa, putting green, BBQ area and ample room to entertain all your family and friends!! Did you see the pool slide! Of course there is RV parking. The 3rd car garage is a tandem deep for another car. Don't this opportunity to own this large lovely home. Nominal HOA dues.

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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: Lake Hills-Victoria Grove

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650kPrice in $144k672k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Lake Hills-Victoria Grove

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2100012001400160018002000220024002600Rent in $9672743

* 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
Frank Augustus Miller Middle School Middle Regular 1,023 40 8
Arlington High School High Regular 1,956 79 5
Frank Augustus Miller Middle School Middle Unknown NA

Frank Augustus Miller Middle School

  • Education Level: Middle
  • # of students: 1,023
  • # of teachers: 40
8
GreatSchools Rating

Arlington High School

  • Education Level: High
  • # of students: 1,956
  • # of teachers: 79
5
GreatSchools Rating

Frank Augustus Miller Middle School

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

$575,100$702,900$639,000

PURCHASE PRICE

$2,493$3,047$2,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,770
EXPENSES Loan Payment -$2,219
Property Tax -$742
Property Insurance -$98
HOA -$140
Property Management Fees -$163
CASH FLOW
-$594

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.

$639,000

PROJECTED PRICE

$2,770

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 5.9%
Maintenance Year (1-5) 8.00%
Vacancy 5.35%
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$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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$175,085

INVESTMENT

$175,085

Down Payment
$159,750
Rehab Estimate
$5,750
Closing Costs
$9,585

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,219

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $159,750
Loan Amount $479,250
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$2,759

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,770

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $3,041

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$2,7703$2,8004$3,000
$3,000
RENT COMPS ANALYSIS
  • 12202 Brianwood Drive Riverside, CA 2
    • 4 beds 3 baths ∙ 2,943 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,943 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $2,770
    • $0.94
    •  
  • 17208 Woodentree Lane Riverside, CA 1
    • 4 beds 3 baths ∙ 2,649 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,649 Sqft ∙ Built 2002
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.02
    •  
  • 17877 Aloe Lane Riverside, CA 3
    • 5 beds 3 baths ∙ 2,642 Sqft ∙ Built 2003 5 beds 3 baths ∙ 2,642 Sqft ∙ Built 2003
    LEASED 03/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.06
    •  
  • 17299 Sandlewood Drive Riverside, CA 4
    • 5 beds 4 baths ∙ 2,943 Sqft ∙ Built 2003 5 beds 4 baths ∙ 2,943 Sqft ∙ Built 2003
    LEASED 12/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.02
    •  
PROPERTY LISTING DETAILS
Tami Stark
Re/max One
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21017937
Last Updated: 01/27/2021
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