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
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1988
- Price/Sqft : $387.67
- 5 Days on Market
- MLS # : IV21056058
- Updated Date : 03/19/2021 at 19:08
CONSTRUCTION
- Beds : 3
- Floor Size : 1,509 sqft
- Baths : 2 full , 1 half
Listing Agent
Olivewood Realty Group Inc
Listing Agent's Description
Welcome Home! Move in Ready home with large lot. This home features 3 bedrooms and 3 baths. You will be wowed, with this turnkey home. This home features an open living concept with new flooring, new paint and updated kitchen with Stainless steel appliances, recessed lighting, Chandeliers, granite countertops, and beautiful cabinetry, with an open family room, looking out to your own private oasis. The dining room flows right into the backyard into a covered patio, which acts as an extension of your living space. This backyard is perfect for outdoor entertaining, just in time for SUMMER. The Master Retreat complete with new paint and flooring along with a remodeled Master Bath. A 2-car garage with ample amount of storage. Additional upgrades include New roof, new dual pane windows, new A/C unit, new water heater, new flooring throughout the house. all bathrooms have been remodeled, along with New hardscape in the front and back yards. Very large lot with ample amount of room for RV parking, large trucks, additional home, or storage for your toys. Added bonus, an additional driveway can be added of Bellgrave as an additional entrance and/or parking. This home has is it all! Perfect location for families, as it is close to schools, shopping, and many restaurants. Move-in ready and waiting for you to make it your FOREVER HOME!
SEE MORE
MARKET HIGHLIGHTS
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Reservoir Farms
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Reservoir Farms
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,050 |
| EXPENSES | Loan Payment | -$2,032 |
| Property Tax | -$548 | |
| Property Insurance | -$64 | |
| Property Management Fees | -$121 | |
|
CASH FLOW
-$714
|
||
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.
$585,000
PROJECTED PRICE
$2,050
PROJECTED RENT
0.35%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.76% |
| Appreciation Year (1-5) | 7.5% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.41% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$160,775
LOAN DETAILS
$2,032
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $146,250 |
| Loan Amount | $438,750 |
0.33
YEARS SAVED
$299
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,050
LIST RENT -
$1.36
LIST RENT PER SQFT
-
$2,082
COMP ESTIMATED VALUE -
$1.38
COMP AVG. RENT PER SQFT
Comps Range
-
4625 Dodd Street Jurupa Valley, CA 2
- 3 beds 3 baths ∙ 1,509 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,509 Sqft ∙ Built 1988
- Rent
- Rent Per SQFT
- $2,050
- $1.36
-
3278 Chardoney Way Jurupa Valley, CA 1
- 3 beds 2 baths ∙ 1,236 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,236 Sqft ∙ Built 1984
LEASED 02/01/20- Rent
- Rent Per SQFT
- $1,700
- $1.38
-
9524 52nd Street Jurupa Valley, CA 3
- 4 beds 2 baths ∙ 1,648 Sqft ∙ Built 1968 4 beds 2 baths ∙ 1,648 Sqft ∙ Built 1968
LEASED 12/08/20- Rent
- Rent Per SQFT
- $2,250
- $1.37
-
5106 Trail Canyon Drive Jurupa Valley, CA 4
- 4 beds 2 baths ∙ 1,759 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,759 Sqft ∙ Built 1979
LEASED 06/05/20- Rent
- Rent Per SQFT
- $2,450
- $1.39
PROPERTY LISTING DETAILS
Olivewood Realty Group Inc
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: IV21056058
Last Updated: 03/19/2021
