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20755 Stony Brook Circle Riverside, CA 92508

4 Beds 3 Baths 2,038 sqft Built 1998

$590,000

List Price

$2,480

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

December 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $289.50
  • 8 Days on Market
  • MLS # : IV20260610
  • Updated Date : 12/21/2020 at 16:20
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,038 sqft
  • Baths : 2 full , 1 half
Listing Agent

Better Homes And Gardens Real Estate Champions

Listing Agent's Description

Highly Upgraded four bedroom home with an entertainers backyard featuring a pebble tech pool and spa, tropical landscaping. This home shows true pride of ownership, shows like a model and has great curb appeal. Enter into the living room with vaulted ceilings, plantation shutters and lots of windows for bright and open feel. As you enter the kitchen you notice the upgraded cabinets with granite counters, prep island and custom lightening. The kitchen opens to the family room with custom built-in cabinets, cozy fireplace and plantation shutters. Upstairs has four bedrooms, the master bedroom suite has plantation shutters, two walk in closets, dual vanity with granite counters, upgraded bronze faucets, and roman tub. Upstairs laundry room with cabinets. The bedrooms have ceiling fans and walk in closets and share the hall bathroom with upgraded vanity with granite counters and dual sinks. Entertain your friends and family in this tropical backyard! Featuring a built in BBQ, covered patio, ledger stone seating areas, and outdoor fireplace! This will go fast and you don't want to miss it!

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

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
 

$531,000$649,000$590,000

PURCHASE PRICE

$2,232$2,728$2,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,480
EXPENSES Loan Payment -$2,177
Property Tax -$563
Property Insurance -$77
Property Management Fees -$146
CASH FLOW
-$482

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.

$590,000

PROJECTED PRICE

$2,480

PROJECTED RENT

0.42%

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$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$162,100

INVESTMENT

$162,100

Down Payment
$147,500
Rehab Estimate
$5,750
Closing Costs
$8,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,177

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $147,500
Loan Amount $442,500
See What Happens When You Reinvest Cash Flow

1.83

YEARS SAVED

$8,466

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,480

    LIST RENT
  • $1.22

    LIST RENT PER SQFT
  • $2,502

    COMP ESTIMATED VALUE
  • $1.23

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,4503$2,4804$2,6005$2,600
$2,600
RENT COMPS ANALYSIS
  • 20755 Stony Brook Circle Riverside, CA 3
    • 4 beds 3 baths ∙ 2,038 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,038 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $2,480
    • $1.22
    •  
  • 19975 Promenade Circle Riverside, CA 1
    • 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
    •  
  • 8939 Digger Pine Drive Riverside, CA 2
    • 3 beds 2 baths ∙ 1,931 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,931 Sqft ∙ Built 1989
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.27
    •  
  • 20826 Stony Brook Circle Riverside, CA 4
    • 4 beds 3 baths ∙ 2,243 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,243 Sqft ∙ Built 1998
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.16
    •  
  • 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
    LEASED 12/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.24
    •  
PROPERTY LISTING DETAILS
Pam Euker
Better Homes And Gardens Real Estate Champions
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV20260610
Last Updated: 12/21/2020
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