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4343 Soloman Street Jurupa Valley, CA 92509

4 Beds 3 Baths 2,522 sqft Built 2015

INVESTimate

$484,999

List Price

$2,630

$2,380 - $2,880

Rent Est.

$526,757  ( +8.61%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 2015
  • Price/Sqft : $192.31
  • 6 Days on Market
  • MLS # : IG20170234
  • Updated Date : 08/22/2020 at 05:06
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,522 sqft
  • Baths : 3 full
Listing Agent

Active Realty

Listing Agent's Description

Welcome to this newly built DR Horton home. Located on a corner lot, this 4 bedroom 3 bathroom home is beautifully done. As you walk in you will pass a stairway, you will see a bedroom and full bathroom on the main floor level, with an open concept kitchen and living room that is perfect for family functions and entertaining. As you head up the stairs you will see This home also features a large open loft area that can be used for game room or an office. You will also find 2 other good size bedrooms, full size bathroom, lots of storage closets and a laundry room. The spacious master suite with 2 exceptionally sized his and her closets and a private master bathroom. The home is energy sufficient with Solar to help with those electricity bills in the summer. Centrally located close to freeway access, walking distance to schools, close to the new Cove aquatic water park and shopping as well as parks built just for this community. You will love this home and the surrounding neighbors.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Neighborhood: Glen Avon

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $116k470k

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

Neighborhood: Glen Avon

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q210001100120013001400150016001700180019002000210022002300Rent in $9112366

* 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
Glen Avon Elementary School Primary Regular 611 25 6
Glen Avon Elementary School Middle Regular 611 25 6
Patriot High School High Regular 2,094 82 6

Glen Avon Elementary School

  • Education Level: Primary
  • # of students: 611
  • # of teachers: 25
6
GreatSchools Rating

Glen Avon Elementary School

  • Education Level: Middle
  • # of students: 611
  • # of teachers: 25
6
GreatSchools Rating

Patriot High School

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

$436,499$533,499$484,999

PURCHASE PRICE

$2,367$2,893$2,630

RENT

DOWN PAYMENT
FINANCING

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$1.8M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,630
EXPENSES Loan Payment -$1,789
Property Tax -$458
Property Insurance -$88
Property Management Fees -$155
CASH FLOW
$140

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.

$484,999

PROJECTED PRICE

$2,630

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.76%
Appreciation Year (1-5) 8.61%
Maintenance Year (1-5) 8.00%
Vacancy 5.41%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$134,275

INVESTMENT

$134,275

Down Payment
$121,250
Rehab Estimate
$5,750
Closing Costs
$7,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,789

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $121,250
Loan Amount $363,749
See What Happens When You Reinvest Cash Flow

7.42

YEARS SAVED

$52,524

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,630

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $2,642

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,5003$2,5504$2,6305$2,800
$2,800
RENT COMPS ANALYSIS
  • 4343 Soloman Street Jurupa Valley, 4
    • 4 beds 4 baths ∙ 2,522 Sqft ∙ Built 2015 4 beds 4 baths ∙ 2,522 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $2,630
    • $1.04
    •  
  • 9125 Bellegrave Avenue Jurupa Valley, 1
    • 5 beds 4 baths ∙ 2,195 Sqft ∙ Built 2020 5 beds 4 baths ∙ 2,195 Sqft ∙ Built 2020
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.09
    •  
  • 6840 Sunsight Way Riverside, 2
    • 4 beds 2 baths ∙ 2,319 Sqft ∙ Built 2016 4 beds 2 baths ∙ 2,319 Sqft ∙ Built 2016
    LEASED 02/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.08
    •  
  • 7816 Abagail Road Jurupa Valley, 3
    • 5 beds 3 baths ∙ 2,813 Sqft ∙ Built 2015 5 beds 3 baths ∙ 2,813 Sqft ∙ Built 2015
    LEASED 03/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.91
    •  
  • 4463 Bethel Road Jurupa Valley, 5
    • 4 beds 3 baths ∙ 2,522 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,522 Sqft ∙ Built 2015
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.11
    •  
PROPERTY LISTING DETAILS
Monica Lopez
Active Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IG20170234
Last Updated: 08/22/2020
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