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

20416 Marcus Road Riverside, CA 92508

4 Beds 3 Baths 2,200 sqft Built 1991

$569,800

List Price

$2,250

$2K - $2.5K

Rent Est.

PROPERTY INFO

February 03, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $259.00
  • 6 Days on Market
  • MLS # : IV21021851
  • Updated Date : 02/02/2021 at 17:21
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,200 sqft
  • Baths : 3 full
Listing Agent

Nexthome Citrus City

Listing Agent's Description

Welcome to Orangecrest! This picture perfect 2200sqft home has been updated, upgraded and loved on. Boasting 4 bedrooms and 3 bathrooms, this is the floor plan with a bed and bath downstairs! This home checks all the boxes. It’s tasteful style appointments have made this one stand out. New flooring throughout the downstairs. Crown Moulding and new paint throughout. The kitchen has been fully remodeled and boasts quartz counters and beautiful subway backsplash along with stainless appliances and white cabinets. All 3 bathrooms are just as stylish. The master bath has a new soaker style tub and separate walk-in shower. The master bedroom is an oasis of its own with a nice sitting area. The backyard caps off the list with a balcony off the master, an open patio off the kitchen, a pergola and a custom built-in BBQ and counter. Invite all your friends and family and enjoy this amazing space. You don’t want to miss this one.

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
Earhart Middle School Middle Regular 959 37 8
Martin Luther King High School High Regular 3,324 124 9
Earhart Middle School Middle Unknown NA

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

Earhart Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$512,820$626,780$569,800

PURCHASE PRICE

$2,025$2,475$2,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,250
EXPENSES Loan Payment -$1,979
Property Tax -$544
Property Insurance -$80
Property Management Fees -$133
CASH FLOW
-$486

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.

$569,800

PROJECTED PRICE

$2,250

PROJECTED RENT

0.39%

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-$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$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$156,747

INVESTMENT

$156,747

Down Payment
$142,450
Rehab Estimate
$5,750
Closing Costs
$8,547

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,979

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $142,450
Loan Amount $427,350
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$4,649

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,250

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $2,470

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$2,250
1$2,2502$2,3003$2,5004$2,5755$2,600
$2,600
RENT COMPS ANALYSIS
  • 20416 Marcus 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
    •  
    • $2,250
    • $1.02
    •  
  • 19838 Allenhurst Street Riverside, CA 2
    • 4 beds 3 baths ∙ 2,397 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,397 Sqft ∙ Built 2001
    property image
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.96
    •  
  • 8495 Syracuse St Riverside, CA 3
    • 4 beds 3 baths ∙ 2,292 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,292 Sqft ∙ Built 2001
    property image
    LEASED 08/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.09
    •  
  • 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
    •  
  • 20652 Golden Rain Road Riverside, CA 5
    • 4 beds 3 baths ∙ 2,100 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,100 Sqft ∙ Built 1996
    property image
    LEASED 12/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.24
    •  
PROPERTY LISTING DETAILS
Scott Gieser
Nexthome Citrus City
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV21021851
Last Updated: 02/02/2021
BESbswy