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15945 Sagewood Court Riverside, CA 92504

4 Beds 3 Baths 2,857 sqft Built 1989

$729,000

List Price

$2,980

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $255.16
  • 4 Days on Market
  • MLS # : IV20254902
  • Updated Date : 01/22/2021 at 19:24
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,857 sqft
  • Baths : 3 full
Listing Agent

Tracy Salyer, Broker

Listing Agent's Description

Welcome Home to this single story custom home located on a culdesac. This is an entertainers dream, this retreat style home features 4 bedrooms, 3 bathrooms, a den , and game room. The master bedroom is large and has an attached remodeled bathroom that feels like you are at a spa. There are wood floors and dual pane windows through out the home The kitchen is open and spacious and has granite counters , and cupboard space galore. Great for family gatherings. The living room has a rock fireplace, a full bar and big windows looking out to your tranquil park like yard. You feel like you are on vacation when you enter the back yard featuring many outdooor living spaces A sparkling custom rock salt water pool with waterfall and slide, There is a separate hot tub, sitting areas , RV parking. The 3 car garage has a craft area and a workshop, and room for all your toys. This home has solar that is completely paid off. The exterior and interior has been recently painted. This home is amazing and has all the best to offer. Welcome Home!!

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: Woodcrest

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650kPrice in $144k687k

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

Neighborhood: Woodcrest

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q21000120014001600180020002200240026002800Rent in $9672838

* 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
Woodcrest Elementary School Primary Regular 660 25 5
Frank Augustus Miller Middle School Middle Regular 1,023 40 8
Martin Luther King High School High Regular 3,324 124 9

Woodcrest Elementary School

  • Education Level: Primary
  • # of students: 660
  • # of teachers: 25
5
GreatSchools Rating

Frank Augustus Miller Middle School

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

Martin Luther King High School

  • Education Level: High
  • # of students: 3,324
  • # of teachers: 124
9
GreatSchools Rating
 

$656,100$801,900$729,000

PURCHASE PRICE

$2,682$3,278$2,980

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,980
EXPENSES Loan Payment -$2,532
Property Tax -$679
Property Insurance -$96
Property Management Fees -$176
CASH FLOW
-$503

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.

$729,000

PROJECTED PRICE

$2,980

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 6.3%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$198,935

INVESTMENT

$198,935

Down Payment
$182,250
Rehab Estimate
$5,750
Closing Costs
$10,935

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,532

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $182,250
Loan Amount $546,750
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$11,101

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,980

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $2,743

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,980
$2,980
RENT COMPS ANALYSIS
  • 15945 Sagewood Court Riverside, CA 2
    • 4 beds 3 baths ∙ 2,857 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,857 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $2,980
    • $1.04
    •  
  • 16650 Stallion Place Riverside, CA 1
    • 4 beds 2 baths ∙ 2,700 Sqft ∙ Built 1973 4 beds 2 baths ∙ 2,700 Sqft ∙ Built 1973
    LEASED 02/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.96
    •  
PROPERTY LISTING DETAILS
Tracy Lynn Salyer
Tracy Salyer, Broker
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV20254902
Last Updated: 01/22/2021
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