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3641 Arora Street Jurupa Valley, CA 92509

3 Beds 2 Baths 988 sqft Built 1948

$370,000

List Price

$1,390

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 1948
  • Price/Sqft : $374.49
  • 13 Days on Market
  • MLS # : PW21143161
  • Updated Date : 07/08/2021 at 12:02
CONSTRUCTION
  • Beds : 3
  • Floor Size : 988 sqft
  • Baths : 2 full
Listing Agent

Realty One Group West

Listing Agent's Description

Say hello to this full of potential home located in the City of Jurupa Valley. Just miles away from downtown Riverside and Mount Rubidoux Trail. This home has 3 full bedrooms and one bathroom. The garage has an additional room & bathroom. This home sits on a big lot. Home is occupied by a long term tenant and the home is in need of major renovations.

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: Wilcox Square

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $84k484k

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

Neighborhood: Wilcox Square

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2700800900100011001200130014001500160017001800190020002100Rent in $6892101

* 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
Mission Middle School Middle Regular 868 32 2
Rubidoux High School High Regular 1,629 67 4
Mission Middle School Middle Unknown NA

Mission Middle School

  • Education Level: Middle
  • # of students: 868
  • # of teachers: 32
2
GreatSchools Rating

Rubidoux High School

  • Education Level: High
  • # of students: 1,629
  • # of teachers: 67
4
GreatSchools Rating

Mission Middle School

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

$333,000$407,000$370,000

PURCHASE PRICE

$1,251$1,529$1,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,390
EXPENSES Loan Payment -$1,285
Property Tax -$351
Property Insurance -$51
Property Management Fees -$99
CASH FLOW
-$396

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.

$370,000

PROJECTED PRICE

$1,390

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.76%
Appreciation Year (1-5) 8.8%
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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$103,800

INVESTMENT

$103,800

Down Payment
$92,500
Rehab Estimate
$5,750
Closing Costs
$5,550

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,285

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $92,500
Loan Amount $277,500
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$914

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,390

    LIST RENT
  • $1.41

    LIST RENT PER SQFT
  • $1,354

    COMP ESTIMATED VALUE
  • $1.37

    COMP AVG. RENT PER SQFT
Comps Range
$1,390
1$1,3902$1,3953$1,950
$1,950
RENT COMPS ANALYSIS
  • 3641 Arora Street Jurupa Valley, CA 1
    • 3 beds 2 baths ∙ 988 Sqft ∙ Built 1948 3 beds 2 baths ∙ 988 Sqft ∙ Built 1948
    • Rent
    • Rent Per SQFT
    •  
    • $1,390
    • $1.41
    •  
  • 3520 Crestmore Road Riverside, CA 2
    • 3 beds 1 baths ∙ 1,200 Sqft ∙ Built 1930 3 beds 1 baths ∙ 1,200 Sqft ∙ Built 1930
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.16
    •  
  • 5939 Paramount Drive Jurupa Valley, CA 3
    • 4 beds 2 baths ∙ 1,238 Sqft ∙ Built 1959 4 beds 2 baths ∙ 1,238 Sqft ∙ Built 1959
    LEASED 04/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.58
    •  
PROPERTY LISTING DETAILS
Maria Romero
Realty One Group West
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21143161
Last Updated: 07/08/2021
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