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3998 Boulder Drive Jurupa Valley, CA 92509

4 Beds 4 Baths 2,085 sqft Built 2018

$465,000

List Price

$2,500

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $223.02
  • 4 Days on Market
  • MLS # : IG21018502
  • Updated Date : 01/29/2021 at 09:17
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,085 sqft
  • Baths : 3 full , 1 half
Listing Agent

Keller Williams Realty- Norco

Listing Agent's Description

Beautiful, three story Jurupa Valley Charmer located in the community of Granite Ridge. This Res. three, composed of approx. 2,085 sq. ft. includes 4 Bedrooms, 3.5 Baths plus a bonus room on the third floor. Level one of this home showcases a large kitchen with smoke grey cabinets, a walk-in pantry, dining area, and great room. Enjoy the design center chosen granite countertops and water-resistant laminate flooring that looks and feels like authentic hardwood. For your convenience, this home includes a Structured wiring hub in master closet, Security/Home automation package, pre-wired for telephone in the master bedroom and kitchen featuring Category 5 telephone wire, pre-wired for ceiling fans in all bedrooms and great room and USB charging station in the kitchen. Green Energy-Efficient systems are in place to help save resources and keep utility bills low, such as: tankless water heater with 94% efficiency rating, 6.5 TriPro whole house fan with a controller, all recessed fixtures upgraded to LED and controlled by a dimmer switch and ceiling light fixtures in secondary bedrooms. The yard is filled with stamped concrete and one side is open to be filled with turf, plants, or decorative rocks. Located minutes away from the 60 FWY, Oak Quarry Golf Club, and Jurupa Valley Spectrum. Call and make an appointment to preview today!

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: Jurupa Valley

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $116k470k

* 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
Jurupa Middle School Middle Regular 1,236 47 5
Patriot High School High Regular 2,094 82 6
Jurupa Middle School Middle Unknown NA

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

Jurupa Middle School

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

$418,500$511,500$465,000

PURCHASE PRICE

$2,250$2,750$2,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,500
EXPENSES Loan Payment -$1,615
Property Tax -$432
Property Insurance -$78
HOA -$175
Property Management Fees -$148
CASH FLOW
$52

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.

$465,000

PROJECTED PRICE

$2,500

PROJECTED RENT

0.54%

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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$128,975

INVESTMENT

$128,975

Down Payment
$116,250
Rehab Estimate
$5,750
Closing Costs
$6,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,615

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $116,250
Loan Amount $348,750
See What Happens When You Reinvest Cash Flow

5.83

YEARS SAVED

$31,222

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,500

    LIST RENT
  • $1.2

    LIST RENT PER SQFT
  • $2,509

    COMP ESTIMATED VALUE
  • $1.2

    COMP AVG. RENT PER SQFT
Comps Range
$2,475
1$2,4752$2,4953$2,5004$2,550
$2,550
RENT COMPS ANALYSIS
  • 3998 Boulder Drive Jurupa Valley, CA 3
    • 4 beds 4 baths ∙ 2,085 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,085 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.20
    •  
  • 4038 Boulder Drive Jurupa Valley, CA 1
    • 4 beds 4 baths ∙ 2,085 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,085 Sqft ∙ Built 2018
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,475
    • $1.19
    •  
  • 3939 Boulder Drive Jurupa Valley, CA 2
    • 3 beds 3 baths ∙ 2,085 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,085 Sqft ∙ Built 2018
    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
    LEASED 11/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.22
    •  
PROPERTY LISTING DETAILS
Alexa Morales
Keller Williams Realty- Norco
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IG21018502
Last Updated: 01/29/2021
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