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33009 Paseo De Valle Riverside, CA 92503

4 Beds 3 Baths 2,567 sqft Built 2011

$799,000

List Price

$2,850

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $311.26
  • 5 Days on Market
  • MLS # : OC21002569
  • Updated Date : 01/06/2021 at 15:35
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,567 sqft
  • Baths : 2 full , 1 half
Listing Agent

Bleu Pearl Realty

Listing Agent's Description

Beautiful home is a must see! Property has many upgrades for you to enjoy. Backyard is gorgeous to relax with loved ones, and entertain. Property was a model home by number 2.

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: Valley View Farms

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800kPrice in $116k883k

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

Neighborhood: Valley View Farms

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2100012001400160018002000220024002600Rent in $9112746

* 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
Orrenmaa Elementary School Primary Regular 596 23 4
Arizona Middle School Middle Regular 1,111 42 4
Hillcrest High School High Unknown 1,353 53 NA

Orrenmaa Elementary School

  • Education Level: Primary
  • # of students: 596
  • # of teachers: 23
4
GreatSchools Rating

Arizona Middle School

  • Education Level: Middle
  • # of students: 1,111
  • # of teachers: 42
4
GreatSchools Rating

Hillcrest High School

  • Education Level: High
  • # of students: 1,353
  • # of teachers: 53
NA
GreatSchools Rating
 

$719,100$878,900$799,000

PURCHASE PRICE

$2,565$3,135$2,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,850
EXPENSES Loan Payment -$2,775
Property Tax -$811
Property Insurance -$89
Property Management Fees -$168
CASH FLOW
-$994

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.

$799,000

PROJECTED PRICE

$2,850

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.76%
Appreciation Year (1-5) 10.0%
Maintenance Year (1-5) 8.00%
Vacancy 5.41%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$217,485

INVESTMENT

$217,485

Down Payment
$199,750
Rehab Estimate
$5,750
Closing Costs
$11,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,775

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $199,750
Loan Amount $599,250
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$348

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,850

    LIST RENT
  • $1.11

    LIST RENT PER SQFT
  • $2,676

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,6503$2,7004$2,8505$2,900
$2,900
RENT COMPS ANALYSIS
  • 33009 Paseo De Valle Riverside, CA 4
    • 4 beds 3 baths ∙ 2,567 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,567 Sqft ∙ Built 2011
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.11
    •  
  • 4237 Pondhill Court Riverside, CA 1
    • 5 beds 3 baths ∙ 2,431 Sqft ∙ Built 2001 5 beds 3 baths ∙ 2,431 Sqft ∙ Built 2001
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.07
    •  
  • 4285 Gardendale Court Riverside, CA 2
    • 4 beds 2 baths ∙ 2,654 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,654 Sqft ∙ Built 2001
    LEASED 01/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.00
    •  
  • 11524 Waterwell Court Riverside, CA 3
    • 4 beds 3 baths ∙ 2,706 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,706 Sqft ∙ Built 2002
    LEASED 11/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.00
    •  
  • 11571 Trailrun Court Riverside, CA 5
    • 4 beds 3 baths ∙ 2,644 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,644 Sqft ∙ Built 2002
    LEASED 03/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.10
    •  
PROPERTY LISTING DETAILS
Helal Mozumder
Bleu Pearl Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21002569
Last Updated: 01/06/2021
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