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4495 Soto Street Riverside, CA 92509

3 Beds 1 Baths 1,861 sqft Built 1985

$600,000

List Price

$2,140

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $322.41
  • 7 Days on Market
  • MLS # : DW21023131
  • Updated Date : 02/25/2021 at 11:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,861 sqft
  • Baths : 1 full
Listing Agent

Century 21 Allstars

Listing Agent's Description

GORGEOUS .99 ACRE HOURSE PROPERTY, UNIQUE PROPERTY IN THE AREA. This home features a courtyard. Plenty of space to park a RV and multiple vehicles with 2 car garage, 2 carport. The property is well fenced. The home also has a well! Single story home with 3 bedrooms and 1.75 baths, endless possibilities with all of the beautiful land!! Conveniently located near CA-60 highway and stores.

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: Sunnyslope Rancho

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $116k484k

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

Neighborhood: Sunnyslope Rancho

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2900100011001200130014001500160017001800190020002100Rent in $8052101

* 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
Mission Middle School Middle Regular 868 32 2
Rubidoux High School High Regular 1,629 67 4
Mission Middle School Middle Unknown NA

Mission Middle School

  • Education Level: Middle
  • # of students: 868
  • # of teachers: 32
2
GreatSchools Rating

Rubidoux High School

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

Mission Middle School

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

$540,000$660,000$600,000

PURCHASE PRICE

$1,926$2,354$2,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,140
EXPENSES Loan Payment -$2,084
Property Tax -$563
Property Insurance -$72
Property Management Fees -$126
CASH FLOW
-$706

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.

$600,000

PROJECTED PRICE

$2,140

PROJECTED RENT

0.36%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$164,750

INVESTMENT

$164,750

Down Payment
$150,000
Rehab Estimate
$5,750
Closing Costs
$9,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,084

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $150,000
Loan Amount $450,000
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$516

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,140

    LIST RENT
  • $1.15

    LIST RENT PER SQFT
  • $2,277

    COMP ESTIMATED VALUE
  • $1.22

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,1403$2,2004$2,250
$2,250
RENT COMPS ANALYSIS
  • 4495 Soto Street Riverside, CA 2
    • 3 beds 1 baths ∙ 1,861 Sqft ∙ Built 1985 3 beds 1 baths ∙ 1,861 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $2,140
    • $1.15
    •  
  • 8000 Paisano Way Riverside, CA 1
    • 3 beds 2 baths ∙ 1,709 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,709 Sqft ∙ Built 1977
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.23
    •  
  • 4136 Canyonside Circle Jurupa Valley, CA 3
    • 4 beds 3 baths ∙ 1,600 Sqft ∙ Built 1991 4 beds 3 baths ∙ 1,600 Sqft ∙ Built 1991
    LEASED 01/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.38
    •  
  • 7921 Paisano Way Jurupa Valley, CA 4
    • 4 beds 3 baths ∙ 2,121 Sqft ∙ Built 1966 4 beds 3 baths ∙ 2,121 Sqft ∙ Built 1966
    LEASED 02/03/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.06
    •  
PROPERTY LISTING DETAILS
Ignacio Perez Mero
Century 21 Allstars
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: DW21023131
Last Updated: 02/25/2021
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