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1768 Yvonne Court Riverside, CA 92501

4 Beds 3 Baths 2,729 sqft Built 2008

$525,000

List Price

$2,410

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

January 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $192.38
  • 5 Days on Market
  • MLS # : IV21007874
  • Updated Date : 01/21/2021 at 13:47
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,729 sqft
  • Baths : 2 full , 1 half
Listing Agent

Devine Realty Group, Inc.

Listing Agent's Description

Beautiful two story home located in a gated community. Home is a spacious 2,729 square feet and features 4 bedrooms, 2.5 bathrooms, formal living and dining rooms, family room with fireplace, open kitchen with breakfast bar and eating area, large loft, and 2 car garage with direct access. Master bedroom offers huge walk in closet and master bathroom offers separate shower and tub. Community features pool, spa, and club house.

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: Northside

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $115k484k

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

Neighborhood: Northside

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2900100011001200130014001500160017001800190020002100Rent in $8912101

* 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
Beatty Elementary School Primary Regular 712 27 4
Beatty Elementary School Middle Regular 712 27 4
John W. North High School High Regular 2,281 95 4

Beatty Elementary School

  • Education Level: Primary
  • # of students: 712
  • # of teachers: 27
4
GreatSchools Rating

Beatty Elementary School

  • Education Level: Middle
  • # of students: 712
  • # of teachers: 27
4
GreatSchools Rating

John W. North High School

  • Education Level: High
  • # of students: 2,281
  • # of teachers: 95
4
GreatSchools Rating
 

$472,500$577,500$525,000

PURCHASE PRICE

$2,169$2,651$2,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,410
EXPENSES Loan Payment -$1,824
Property Tax -$515
Property Insurance -$93
HOA -$145
Property Management Fees -$142
CASH FLOW
-$309

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.

$525,000

PROJECTED PRICE

$2,410

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 12.9%
Maintenance Year (1-5) 8.00%
Vacancy 5.43%
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-$5.0k$0.0$5.0k$10k$15k

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$144,875

INVESTMENT

$144,875

Down Payment
$131,250
Rehab Estimate
$5,750
Closing Costs
$7,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,824

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $131,250
Loan Amount $393,750
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$9,317

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,410

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $2,633

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$2,350
1$2,3502$2,4103$2,5004$2,6505$2,750
$2,750
RENT COMPS ANALYSIS
  • 1768 Yvonne Court Riverside, CA 2
    • 4 beds 3 baths ∙ 2,729 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,729 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $2,410
    • $0.88
    •  
  • 4525 Brandi Lane Riverside, CA 1
    • 4 beds 3 baths ∙ 2,504 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,504 Sqft ∙ Built 2007
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.94
    •  
  • 4003 Garvey Way Riverside, CA 3
    • 5 beds 3 baths ∙ 2,697 Sqft ∙ Built 2007 5 beds 3 baths ∙ 2,697 Sqft ∙ Built 2007
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.93
    •  
  • 1728 E Edmon Way E Riverside, CA 4
    • 5 beds 4 baths ∙ 2,700 Sqft ∙ Built 2007 5 beds 4 baths ∙ 2,700 Sqft ∙ Built 2007
    LEASED 06/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.98
    •  
  • 1757 Karley Way Riverside, CA 5
    • 5 beds 4 baths ∙ 2,729 Sqft ∙ Built 2008 5 beds 4 baths ∙ 2,729 Sqft ∙ Built 2008
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.01
    •  
PROPERTY LISTING DETAILS
Adrian Laos
Devine Realty Group, Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV21007874
Last Updated: 01/21/2021
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