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19927 Silvercrest Lane Riverside, CA 92508

4 Beds 3 Baths 1,853 sqft Built 1991

$510,000

List Price

$2,330

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $275.23
  • 3 Days on Market
  • MLS # : IG21000057
  • Updated Date : 01/01/2021 at 11:55
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,853 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

BEAUTIFUL POOL HOME IN ORANGE CREST*FEATURING: SPARKLING POOL and JACUZZI*4 Bedrooms including one bedroom and 3/4 bathroom downstairs for your convenience* When you enter the house you will be received by the well-structured open floor plan showing beautiful travertine floors throughout*Living room and Family room*Spacious Formal dining room*High Ceilings*TOTALLY REMODELED KITCHEN with quartz countertops, large kitchen island, new dishwasher, stainless steel appliances, new large aluminum sink, and faucet, additional built-in wine cooler, recessed light* Crown Molding* New Windows with shutters in every window*Cozy fireplace in family room*Custome row iron railing in stairs*large Master Bedroom with Spacious Bathroom with tile walls*The rest of the bedrooms are spacious with ceiling fans and window shutters*Also the house has a beautiful courtyard to enjoy your quiet time or family gatherings* This house has a solar system own by the seller to minimize your electrical bill*2 car garage with direct access to the house*The Elementary School is only .02 miles away; Midde School only .07 miles away and High School 2 miles away* House is close to Grocery stores and busnisess and Parks*

SEE MORE

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: 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
Benjamin Franklin Elementary School Primary Regular 838 33 8
Benjamin Franklin Elementary School Middle Regular 838 33 8
Martin Luther King High School High Regular 3,324 124 9

Benjamin Franklin Elementary School

  • Education Level: Primary
  • # of students: 838
  • # of teachers: 33
8
GreatSchools Rating

Benjamin Franklin Elementary School

  • Education Level: Middle
  • # of students: 838
  • # of teachers: 33
8
GreatSchools Rating

Martin Luther King High School

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

$459,000$561,000$510,000

PURCHASE PRICE

$2,097$2,563$2,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,330
EXPENSES Loan Payment -$1,882
Property Tax -$486
Property Insurance -$72
Property Management Fees -$137
CASH FLOW
-$247

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.

$510,000

PROJECTED PRICE

$2,330

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 6.2%
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

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$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$140,900

INVESTMENT

$140,900

Down Payment
$127,500
Rehab Estimate
$5,750
Closing Costs
$7,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,882

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $127,500
Loan Amount $382,500
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$17,609

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,330

    LIST RENT
  • $1.26

    LIST RENT PER SQFT
  • $2,307

    COMP ESTIMATED VALUE
  • $1.25

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2953$2,3004$2,3305$2,450
$2,450
RENT COMPS ANALYSIS
  • 19927 Silvercrest Lane Riverside, CA 4
    • 4 beds 3 baths ∙ 1,853 Sqft ∙ Built 1991 4 beds 3 baths ∙ 1,853 Sqft ∙ Built 1991
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,330
    • $1.26
    •  
  • 19954 Promenade Circle Riverside, CA 1
    • 4 beds 2 baths ∙ 1,853 Sqft ∙ Built 1990 4 beds 2 baths ∙ 1,853 Sqft ∙ Built 1990
    property image
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.19
    •  
  • 19989 Caraway Lane Riverside, CA 2
    • 4 beds 3 baths ∙ 1,800 Sqft ∙ Built 1992 4 beds 3 baths ∙ 1,800 Sqft ∙ Built 1992
    property image
    LEASED 04/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.28
    •  
  • 19975 Promenade Circle Riverside, CA 3
    • 4 beds 3 baths ∙ 1,853 Sqft ∙ Built 1990 4 beds 3 baths ∙ 1,853 Sqft ∙ Built 1990
    property image
    LEASED 06/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.24
    •  
  • 8939 Digger Pine Drive Riverside, CA 5
    • 3 beds 2 baths ∙ 1,931 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,931 Sqft ∙ Built 1989
    property image
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.27
    •  
PROPERTY LISTING DETAILS
Gilbert Rodriguez
Keller Williams Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IG21000057
Last Updated: 01/01/2021
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