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3548 Ellery Drive Riverside, CA 92503

4 Beds 4 Baths 2,068 sqft Built 1977

$515,000

List Price

$2,700

$2.5K - $3K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $249.03
  • 4 Days on Market
  • MLS # : PW20264886
  • Updated Date : 01/01/2021 at 12:44
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,068 sqft
  • Baths : 3 full , 1 half
Listing Agent

First Team Real Estate

Listing Agent's Description

Two story pool home Located at the end of a cul-de-sac. Granite kitchen counter top, spacious family room with a fireplace for those cold winters, title flooring downstairs and carpet in bedrooms. Ample backyard with a gated pool for family and friends entertainment.

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: La Sierra South

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $143k518k

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

Neighborhood: La Sierra South

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2100011001200130014001500160017001800190020002100Rent in $9542106

* 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
 

$463,500$566,500$515,000

PURCHASE PRICE

$2,430$2,970$2,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,700
EXPENSES Loan Payment -$1,900
Property Tax -$519
Property Insurance -$77
Property Management Fees -$159
CASH FLOW
$44

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.

$515,000

PROJECTED PRICE

$2,700

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 11.2%
Maintenance Year (1-5) 8.00%
Vacancy 5.43%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$142,225

INVESTMENT

$142,225

Down Payment
$128,750
Rehab Estimate
$5,750
Closing Costs
$7,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,900

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $128,750
Loan Amount $386,250
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$45,757

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,700

    LIST RENT
  • $1.31

    LIST RENT PER SQFT
  • $2,683

    COMP ESTIMATED VALUE
  • $1.3

    COMP AVG. RENT PER SQFT
Comps Range
$2,375
1$2,3752$2,6503$2,7004$2,8005$3,000
$3,000
RENT COMPS ANALYSIS
  • 3548 Ellery Drive Riverside, CA 3
    • 4 beds 4 baths ∙ 2,068 Sqft ∙ Built 1977 4 beds 4 baths ∙ 2,068 Sqft ∙ Built 1977
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.31
    •  
  • 567 Eaton Street Corona, CA 1
    • 4 beds 3 baths ∙ 1,895 Sqft ∙ Built 1989 4 beds 3 baths ∙ 1,895 Sqft ∙ Built 1989
    property image
    LEASED 08/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,375
    • $1.25
    •  
  • 16220 Stonehill Court Riverside, CA 2
    • 4 beds 3 baths ∙ 2,175 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,175 Sqft ∙ Built 1990
    property image
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.22
    •  
  • 11336 Rancho Del Oro Drive Riverside, CA 4
    • 4 beds 3 baths ∙ 1,893 Sqft ∙ Built 1987 4 beds 3 baths ∙ 1,893 Sqft ∙ Built 1987
    property image
    LEASED 09/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.48
    •  
  • 2925 Griffin Circle Corona, CA 5
    • 4 beds 3 baths ∙ 2,410 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,410 Sqft ∙ Built 1989
    property image
    LEASED 06/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.24
    •  
PROPERTY LISTING DETAILS
Teresa Knoll
First Team Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20264886
Last Updated: 01/01/2021
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