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4223 Gandale Lane Jurupa Valley, CA 92509

3 Beds 2 Baths 1,105 sqft Built 1980

$349,990

List Price

$1,850

$1.7K - $2K

Rent Est.

PROPERTY INFO

December 31, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $316.73
  • 6 Days on Market
  • MLS # : SW20264092
  • Updated Date : 12/29/2020 at 23:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,105 sqft
  • Baths : 2 full
Listing Agent

Blue Jay Realty

Listing Agent's Description

Charming 3 bedroom 2 bathroom single story home in the planned development of Sky Meadow with very low taxes and low HOA. Situated at the end of a cul-de-sac, the home is backing one of the 2 parks the community offers, providing no rear neighbors! The open floor plan is complete with new laminate flooring, paint, remodeled kitchen with new shaker cabinets, quartz counters, new appliances, new vinyl windows throughout, and an entertainment accommodating rear yard. The master bath has been remodeled and upgraded with a new vanity, granite counters, tile work in the shower and new custom glass. To keep with the efficiency of the new windows and kitchen, the home features a whole house fan to quickly cool down the home after a hot summer day. Affordable, well used space, centrally located just blocks from historic Jensen Alvarado Ranch and a short drive to downtown Riverside Mission Inn district. Showings will be held Saturday 1/2 and Sunday 1/3 by appointment only.

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: Rubidoux

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $116k484k

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

Neighborhood: Rubidoux

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2100011001200130014001500160017001800190020002100Rent in $9112101

* 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
West Riverside Elementary School Primary Regular 796 31 3
West Riverside Elementary School Middle Regular 796 31 3
Rubidoux High School High Regular 1,629 67 4

West Riverside Elementary School

  • Education Level: Primary
  • # of students: 796
  • # of teachers: 31
3
GreatSchools Rating

West Riverside Elementary School

  • Education Level: Middle
  • # of students: 796
  • # of teachers: 31
3
GreatSchools Rating

Rubidoux High School

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

$314,991$384,989$349,990

PURCHASE PRICE

$1,665$2,035$1,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,850
EXPENSES Loan Payment -$1,291
Property Tax -$332
Property Insurance -$54
HOA -$80
Property Management Fees -$109
CASH FLOW
-$16

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.

$349,990

PROJECTED PRICE

$1,850

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.76%
Appreciation Year (1-5) 8.5%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,497

INVESTMENT

$98,497

Down Payment
$87,498
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,498
Loan Amount $262,493
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$23,326

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,850

    LIST RENT
  • $1.67

    LIST RENT PER SQFT
  • $1,630

    COMP ESTIMATED VALUE
  • $1.48

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,9453$1,975
$1,975
RENT COMPS ANALYSIS
  • 4223 Gandale Lane Jurupa Valley, CA 1
    • 3 beds 2 baths ∙ 1,105 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,105 Sqft ∙ Built 1980
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.67
    •  
  • 6565 Huntsman Street Jurupa Valley, CA 2
    • 3 beds 2 baths ∙ 1,294 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,294 Sqft ∙ Built 1990
    property image
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,945
    • $1.50
    •  
  • 6155 Avenue Juan Diaz Riverside, CA 3
    • 3 beds 2 baths ∙ 1,363 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,363 Sqft ∙ Built 1973
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $1.45
    •  
PROPERTY LISTING DETAILS
Jensen Kierulff
Blue Jay Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW20264092
Last Updated: 12/29/2020
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