Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

20226 Edmund Road Riverside, CA 92508

4 Beds 3 Baths 2,200 sqft Built 1991

$550,000

List Price

$2,410

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1991
  • Price/Sqft : $250.00
  • 13 Days on Market
  • MLS # : IV20227130
  • Updated Date : 11/06/2020 at 08:39
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,200 sqft
  • Baths : 3 full
Listing Agent

Movoto, Inc.

Listing Agent's Description

Pool Home in desirable Orangecrest!!! 4 bedrooms, 3 bath two story home with semi open floor plan perfect for entertaining and family. This home features wood laminate floors, tile flooring and carpet in the bedrooms. Large master bedroom featuring lots of windows for natural light, dual sink vanity and separate shower and tub in the master bathroom. There is also a main floor bedroom and bath. Brick fireplace in the family room for those chilly nights you want a fire. And for those hot summer days, enjoy the BEAUTIFUL rock pool with spa. Make this great home yours today with your own personal touches....walking distance to Orange Terrace Park.

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
Rivera Elementary School Primary Regular 755 28 8
Earhart Middle School Middle Regular 959 37 8
Martin Luther King High School High Regular 3,324 124 9

Rivera Elementary School

  • Education Level: Primary
  • # of students: 755
  • # of teachers: 28
8
GreatSchools Rating

Earhart Middle School

  • Education Level: Middle
  • # of students: 959
  • # of teachers: 37
8
GreatSchools Rating

Martin Luther King High School

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

$495,000$605,000$550,000

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 -$2,029
Property Tax -$525
Property Insurance -$80
Property Management Fees -$142
CASH FLOW
-$367

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.

$550,000

PROJECTED PRICE

$2,410

PROJECTED RENT

0.44%

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$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,500

INVESTMENT

$151,500

Down Payment
$137,500
Rehab Estimate
$5,750
Closing Costs
$8,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,029

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $137,500
Loan Amount $412,500
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$12,230

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
  • $1.1

    LIST RENT PER SQFT
  • $2,530

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$2,410
1$2,4102$2,4503$2,5004$2,5755$2,600
$2,600
RENT COMPS ANALYSIS
  • 20226 Edmund Road Riverside, CA 1
    • 4 beds 3 baths ∙ 2,200 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,200 Sqft ∙ Built 1991
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,410
    • $1.10
    •  
  • 20423 Sugar Gum Road Riverside, CA 2
    • 4 beds 3 baths ∙ 2,200 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,200 Sqft ∙ Built 1993
    property image
    LEASED 11/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.11
    •  
  • 8778 Snowmass Peak Way Riverside, CA 3
    • 3 beds 2 baths ∙ 2,145 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,145 Sqft ∙ Built 2003
    property image
    LEASED 06/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.17
    •  
  • 19540 Mt Wasatch Drive Riverside, CA 4
    • 4 beds 2 baths ∙ 2,145 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,145 Sqft ∙ Built 2003
    property image
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,575
    • $1.20
    •  
  • 19429 Rotterdam Street Riverside, CA 5
    • 4 beds 4 baths ∙ 2,324 Sqft ∙ Built 2001 4 beds 4 baths ∙ 2,324 Sqft ∙ Built 2001
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.12
    •  
PROPERTY LISTING DETAILS
Andrea Day
Movoto, Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV20227130
Last Updated: 11/06/2020
BESbswy