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

4215 Mobley Avenue Riverside, CA 92505

4 Beds 2 Baths 1,464 sqft Built 1959

$475,000

List Price

$1,990

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1959
  • Price/Sqft : $324.45
  • 2 Days on Market
  • MLS # : CV20234325
  • Updated Date : 11/07/2020 at 09:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,464 sqft
  • Baths : 2 full
Listing Agent

Elite Premier Properties

Listing Agent's Description

Look at this price!!! This Fully Remodeled POOL 4 bed 2 bath house is one of the cheapest 4 bedroom homes in all of Riverside. Come check out this beautiful home on a quiet street, at the end of a cul-de-sac, perfect for kids to ride their bikes and play!! Perfect for building family memories AND it's been remodeled!! This house has it all. It has NEW Exterior Paint, central A/C and Heat, New front and back yard irrigation systems, new sod in both from and back, Newer windows, NEW interior texture, NEW interior paint, NEW upgraded carpet, NEW wood laminate, NEW remodeled kitchen with NEW cabinets, NEW granite counter tops, NEW back splash, NEW stainless steel stove, NEW microwave, NEW dishwasher, NEW remodeled bathrooms, NEW custom tiled showers, NEW vanity cabinets, NEW tile floors, NEW electrical and plumbing fixtures, NEW doors and moldings, NEW recessed lighting and much much more. But hurry, this one won't last long!! This house is not for rent or lease. Don't fall for scams from people pretending to be the owners

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

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $142k484k

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

Neighborhood: La Sierra

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2100011001200130014001500160017001800190020002100Rent in $9672141

* 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
Collett Elementary School Primary Regular 637 27 3
Arizona Middle School Middle Regular 1,111 42 4
La Sierra High School High Regular 2,137 91 4

Collett Elementary School

  • Education Level: Primary
  • # of students: 637
  • # of teachers: 27
3
GreatSchools Rating

Arizona Middle School

  • Education Level: Middle
  • # of students: 1,111
  • # of teachers: 42
4
GreatSchools Rating

La Sierra High School

  • Education Level: High
  • # of students: 2,137
  • # of teachers: 91
4
GreatSchools Rating
 

$427,500$522,500$475,000

PURCHASE PRICE

$1,791$2,189$1,990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,990
EXPENSES Loan Payment -$1,753
Property Tax -$481
Property Insurance -$63
Property Management Fees -$117
CASH FLOW
-$423

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.

$475,000

PROJECTED PRICE

$1,990

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 8.6%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

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$131,625

INVESTMENT

$131,625

Down Payment
$118,750
Rehab Estimate
$5,750
Closing Costs
$7,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,753

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $118,750
Loan Amount $356,250
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$4,929

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,990

    LIST RENT
  • $1.36

    LIST RENT PER SQFT
  • $2,057

    COMP ESTIMATED VALUE
  • $1.4

    COMP AVG. RENT PER SQFT
Comps Range
$1,990
1$1,9902$2,1003$2,1504$2,2505$2,300
$2,300
RENT COMPS ANALYSIS
  • 4215 Mobley Avenue Riverside, CA 1
    • 4 beds 2 baths ∙ 1,464 Sqft ∙ Built 1959 4 beds 2 baths ∙ 1,464 Sqft ∙ Built 1959
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $1.36
    •  
  • 5052 Red Bluff Road Riverside, CA 2
    • 4 beds 2 baths ∙ 1,568 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,568 Sqft ∙ Built 1978
    property image
    LEASED 06/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.34
    •  
  • 4158 Polk Street Riverside, CA 3
    • 4 beds 2 baths ∙ 1,569 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,569 Sqft ∙ Built 1977
    property image
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.37
    •  
  • 10599 Cochran Avenue Riverside, CA 4
    • 4 beds 2 baths ∙ 1,534 Sqft ∙ Built 1959 4 beds 2 baths ∙ 1,534 Sqft ∙ Built 1959
    property image
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.47
    •  
  • 11241 Wayfield Road Riverside, CA 5
    • 4 beds 2 baths ∙ 1,595 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,595 Sqft ∙ Built 1977
    property image
    LEASED 10/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.44
    •  
PROPERTY LISTING DETAILS
Fabricio Badiola
Elite Premier Properties
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20234325
Last Updated: 11/07/2020
BESbswy