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

3901 Boulder Drive Jurupa Valley, CA 92509

4 Beds 3 Baths 2,120 sqft Built 2019

$480,000

List Price

$2,450

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $226.42
  • 20 Days on Market
  • MLS # : CV20253621
  • Updated Date : 12/23/2020 at 17:42
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,120 sqft
  • Baths : 2 full , 1 half
Listing Agent

Mainstreet Realtors

Listing Agent's Description

Looking for a new construction but tired of the wait lists and prices rising before you get a chance to buy your home? Well THIS is the opportunity you have been waiting for. One of the bigger lots in the community the backyard is a great size and the sellers landscaped it since buying the home just a year ago. The downstairs den was converted into a 4th bedroom. On the second floor you will find a big kitchen with tons of cabinet space, two walk in pantry's, a nice island that is open to the living room, a good sized deck and on the third level you'll find another 2 good sized guest bedrooms and a large master bedroom with walk in closet and large master bathroom.

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: Jurupa Valley

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $116k484k

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

Neighborhood: Jurupa Valley

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2100012001400160018002000220024002600Rent in $9112678

* 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
Granite Hill Elementary School Primary Regular 729 27 4
Jurupa Middle School Middle Regular 1,236 47 5
Patriot High School High Regular 2,094 82 6

Granite Hill Elementary School

  • Education Level: Primary
  • # of students: 729
  • # of teachers: 27
4
GreatSchools Rating

Jurupa Middle School

  • Education Level: Middle
  • # of students: 1,236
  • # of teachers: 47
5
GreatSchools Rating

Patriot High School

  • Education Level: High
  • # of students: 2,094
  • # of teachers: 82
6
GreatSchools Rating
 

$432,000$528,000$480,000

PURCHASE PRICE

$2,205$2,695$2,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,450
EXPENSES Loan Payment -$1,771
Property Tax -$446
Property Insurance -$79
HOA -$176
Property Management Fees -$145
CASH FLOW
-$166

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 8% of earned rent to cover both maintenance and periods of vacancy.

$480,000

PROJECTED PRICE

$2,450

PROJECTED RENT

0.51%

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) 3.00%
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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$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$129,200

INVESTMENT

$129,200

Down Payment
$120,000
Rehab Estimate
$2,000
Closing Costs
$7,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,771

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $120,000
Loan Amount $360,000
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$18,650

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,450

    LIST RENT
  • $1.16

    LIST RENT PER SQFT
  • $2,551

    COMP ESTIMATED VALUE
  • $1.2

    COMP AVG. RENT PER SQFT
Comps Range
$2,450
1$2,4502$2,4753$2,4954$2,550
$2,550
RENT COMPS ANALYSIS
  • 3901 Boulder Drive Jurupa Valley, CA 1
    • 4 beds 3 baths ∙ 2,120 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,120 Sqft ∙ Built 2019
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.16
    •  
  • 4038 Boulder Drive Jurupa Valley, CA 2
    • 4 beds 4 baths ∙ 2,085 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,085 Sqft ∙ Built 2018
    property image
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,475
    • $1.19
    •  
  • 3939 Boulder Drive Jurupa Valley, CA 3
    • 3 beds 3 baths ∙ 2,085 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,085 Sqft ∙ Built 2018
    property image
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.20
    •  
  • 7326 Hawkeye Ridge Road Jurupa Valley, CA 4
    • 3 beds 4 baths ∙ 2,098 Sqft ∙ Built 2019 3 beds 4 baths ∙ 2,098 Sqft ∙ Built 2019
    property image
    LEASED 11/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.22
    •  
PROPERTY LISTING DETAILS
Rebecca Haynes
Mainstreet Realtors
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20253621
Last Updated: 12/23/2020
BESbswy