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19383 Totem Court Riverside, CA 92508

3 Beds 3 Baths 1,686 sqft Built 1989

INVESTimate

$499,900

List Price

$2,070

$1,863 - $2,277

Rent Est.

$530,694  ( +6.16%)   1 YR EST. FORECAST

PROPERTY INFO

August 23, 2020 RECENTLY ADDED
FACTS
  • Built In 1989
  • Price/Sqft : $296.50
  • 4 Days on Market
  • MLS # : IV20169444
  • Updated Date : 08/23/2020 at 12:36
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,686 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty Masters & Associates

Listing Agent's Description

Welcome to Orangecrest!! Don't miss out on your opportunity to own this gorgeous two story home located close to Top Rated schools with a LOW TAX RATE and NO HOA!! Enjoy the mature landscaping and ample sized driveway leading to the attached 2 car garage. As you enter, you will notice the great open floor plan with a neutral interior paint scheme, high vaulted ceilings, and tasteful flooring throughout. The living room features a warm and inviting fireplace and is also open to the dining area which has it's own private slider. The dining area leads to the kitchen which features plenty of cabinet and counter space, stainless steel gas range, dishwasher, and is open to a breakfast nook and family room. The spacious master bedroom features vaulted ceilings and has a walk in closet and en suite master bathroom with dual sinks and more! The remaining bedrooms are also a great size and the upstairs hallway bathroom is easily accessible and tastefully finished. The pool sized back yard is great for entertaining and features a patio, plenty of grass and hardscape, lush and mature landscaping and SO MUCH MORE!! Conveniently located close to great schools, parks, shopping, freeways and the list goes on. Act now, before it's too late!!

SEE MORE

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: Orangecrest

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $144k610k

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

Neighborhood: Orangecrest

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q210001200140016001800200022002400Rent in $9672496

* 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
Mark Twain Elementary School Primary Regular 1,093 41 8
Frank Augustus Miller Middle School Middle Regular 1,023 40 8
Martin Luther King High School High Regular 3,324 124 9

Mark Twain Elementary School

  • Education Level: Primary
  • # of students: 1,093
  • # of teachers: 41
8
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
 

$449,910$549,890$499,900

PURCHASE PRICE

$1,863$2,277$2,070

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,070
EXPENSES Loan Payment -$1,844
Property Tax -$475
Property Insurance -$68
Property Management Fees -$122
CASH FLOW
-$440

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.

$499,900

PROJECTED PRICE

$2,070

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 6.16%
Maintenance Year (1-5) 8.00%
Vacancy 5.35%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$138,224

INVESTMENT

$138,224

Down Payment
$124,975
Rehab Estimate
$5,750
Closing Costs
$7,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,844

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $124,975
Loan Amount $374,925
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$5,618

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,070

    LIST RENT
  • $1.23

    LIST RENT PER SQFT
  • $2,175

    COMP ESTIMATED VALUE
  • $1.29

    COMP AVG. RENT PER SQFT
Comps Range
$2,070
1$2,0702$2,2503$2,3004$2,3005$2,300
$2,300
RENT COMPS ANALYSIS
  • 19383 Totem Court Riverside, 1
    • 3 beds 3 baths ∙ 1,686 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,686 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $2,070
    • $1.23
    •  
  • 19356 Lambeth Court Riverside, 2
    • 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, 3
    • 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, 4
    • 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
    •  
  • 19975 Promenade Circle Riverside, 5
    • 4 beds 3 baths ∙ 1,853 Sqft ∙ Built 1990 4 beds 3 baths ∙ 1,853 Sqft ∙ Built 1990
    LEASED 06/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.24
    •  
PROPERTY LISTING DETAILS
Ryan Mckee
Realty Masters & Associates
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV20169444
Last Updated: 08/23/2020
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