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4209 Angelo Street Riverside, CA 92507

4 Beds 2 Baths 1,458 sqft Built 1955

$495,000

List Price

$1,820

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1955
  • Price/Sqft : $339.51
  • 4 Days on Market
  • MLS # : OC21009259
  • Updated Date : 01/14/2021 at 22:51
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,458 sqft
  • Baths : 2 full
Listing Agent

Salem Realty Group, Inc.

Listing Agent's Description

Welcome to this charming corner lot home! Features include four bedrooms and two bathrooms, tile flooring, family room with fireplace, and a small room for an office or play area. Block fencing with two rod iron gates. The two gates offer extra parking areas and access to property on Angelo street and 12th Street. It includes a beautiful covered barbecue area with grill, stove, refrigerator, microwave and many more nice accessories. Close to several nearby shopping, conveniences, and restaurants, and close to freeways (91/60).

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: University Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $94k484k

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

Neighborhood: University Estates

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2800900100011001200130014001500160017001800190020002100Rent in $7462101

* 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
Pachappa Elementary School Primary Regular 778 31 7
Pachappa Elementary School Middle Regular 778 31 7
Poly High School High Regular 2,777 106 6

Pachappa Elementary School

  • Education Level: Primary
  • # of students: 778
  • # of teachers: 31
7
GreatSchools Rating

Pachappa Elementary School

  • Education Level: Middle
  • # of students: 778
  • # of teachers: 31
7
GreatSchools Rating

Poly High School

  • Education Level: High
  • # of students: 2,777
  • # of teachers: 106
6
GreatSchools Rating
 

$445,500$544,500$495,000

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$1,719
Property Tax -$482
Property Insurance -$63
Property Management Fees -$107
CASH FLOW
-$551

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.

$495,000

PROJECTED PRICE

$1,820

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.76%
Appreciation Year (1-5) 9.2%
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-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$136,925

INVESTMENT

$136,925

Down Payment
$123,750
Rehab Estimate
$5,750
Closing Costs
$7,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,719

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $123,750
Loan Amount $371,250
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$638

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,820

    LIST RENT
  • $1.25

    LIST RENT PER SQFT
  • $1,764

    COMP ESTIMATED VALUE
  • $1.21

    COMP AVG. RENT PER SQFT
Comps Range
$1,425
1$1,4252$1,7003$1,8004$1,8205$1,950
$1,950
RENT COMPS ANALYSIS
  • 4209 Angelo Street Riverside, CA 4
    • 4 beds 2 baths ∙ 1,458 Sqft ∙ Built 1955 4 beds 2 baths ∙ 1,458 Sqft ∙ Built 1955
    • Rent
    • Rent Per SQFT
    •  
    • $1,820
    • $1.25
    •  
  • 1465 Everton Place Riverside, CA 1
    • 3 beds 2 baths ∙ 1,152 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,152 Sqft ∙ Built 1972
    LEASED 08/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $1.24
    •  
  • 2763 Pleasant Street Riverside, CA 2
    • 3 beds 1 baths ∙ 1,483 Sqft ∙ Built 1947 3 beds 1 baths ∙ 1,483 Sqft ∙ Built 1947
    LEASED 10/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.15
    •  
  • 4384 Michael Street Riverside, CA 3
    • 3 beds 1 baths ∙ 1,430 Sqft ∙ Built 1952 3 beds 1 baths ∙ 1,430 Sqft ∙ Built 1952
    LEASED 01/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.26
    •  
  • 2071 Rancho Drive Riverside, CA 5
    • 4 beds 3 baths ∙ 1,633 Sqft ∙ Built 1964 4 beds 3 baths ∙ 1,633 Sqft ∙ Built 1964
    LEASED 05/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.19
    •  
PROPERTY LISTING DETAILS
Jose Lemus
Salem Realty Group, Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21009259
Last Updated: 01/14/2021
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