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19101 Mariposa Avenue Riverside, CA 92508

3 Beds 3 Baths 1,972 sqft Built 1991

$699,000

List Price

$2,300

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $354.46
  • 3 Days on Market
  • MLS # : IV21046598
  • Updated Date : 03/06/2021 at 10:41
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,972 sqft
  • Baths : 2 full , 1 half
Listing Agent

All City Homes

Listing Agent's Description

Fantastic Country Home! Featuring 3 bedrooms, 2.5 bathrooms, a separate family room, formal living room up front, a large sunroom, partial wood, tile and laminate flooring, a newer HVAC, tile roof and a cozy fireplace in the heart of the home! With almost 2,000 square feet of living space, you have room to spread out! Need more room? Head outside to the 3 included parcels with over 2.2 acres of land, permitted patio, a workshop, outhouse currently used as an entertainment bar area, shed and a swimming pool with newer equipment! The large garden and variety of fruit trees on the property are added bonuses!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Woodcrest Acres East

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $143k511k

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

Neighborhood: Woodcrest Acres East

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q210001100120013001400150016001700180019002000210022002300Rent in $9362331

* 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
Mead Valley Elementary School Primary Regular 690 25 4
Tomas Rivera Middle School Middle Regular 1,025 38 3
Citrus Hill High School High Regular 2,370 90 5

Mead Valley Elementary School

  • Education Level: Primary
  • # of students: 690
  • # of teachers: 25
4
GreatSchools Rating

Tomas Rivera Middle School

  • Education Level: Middle
  • # of students: 1,025
  • # of teachers: 38
3
GreatSchools Rating

Citrus Hill High School

  • Education Level: High
  • # of students: 2,370
  • # of teachers: 90
5
GreatSchools Rating
 

$629,100$768,900$699,000

PURCHASE PRICE

$2,070$2,530$2,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,300
EXPENSES Loan Payment -$2,428
Property Tax -$638
Property Insurance -$75
Property Management Fees -$136
CASH FLOW
-$976

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.

$699,000

PROJECTED PRICE

$2,300

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 6.6%
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-$15k-$10k-$5.0k$0.0$5.0k

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$190,985

INVESTMENT

$190,985

Down Payment
$174,750
Rehab Estimate
$5,750
Closing Costs
$10,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,428

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $174,750
Loan Amount $524,250
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$102

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,300

    LIST RENT
  • $1.17

    LIST RENT PER SQFT
  • $2,559

    COMP ESTIMATED VALUE
  • $1.3

    COMP AVG. RENT PER SQFT
Comps Range
$2,250
1$2,2502$2,3003$2,3004$2,3005$2,700
$2,700
RENT COMPS ANALYSIS
  • 19101 Mariposa Avenue Riverside, CA 4
    • 3 beds 3 baths ∙ 1,972 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,972 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.17
    •  
  • 19356 Lambeth Court Riverside, CA 1
    • 3 beds 3 baths ∙ 1,686 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,686 Sqft ∙ Built 1988
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.33
    •  
  • 19107 Shady Circle Riverside, CA 2
    • 4 beds 2 baths ∙ 1,718 Sqft ∙ Built 1990 4 beds 2 baths ∙ 1,718 Sqft ∙ Built 1990
    LEASED 02/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.34
    •  
  • 9340 Rockrun Court Riverside, CA 3
    • 3 beds 3 baths ∙ 1,841 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,841 Sqft ∙ Built 2005
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.25
    •  
  • 19553 Tarocco Lane Riverside, CA 5
    • 4 beds 3 baths ∙ 2,118 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,118 Sqft ∙ Built 1989
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.27
    •  
PROPERTY LISTING DETAILS
Serina Lowden
All City Homes
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV21046598
Last Updated: 03/06/2021
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