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4659 Prairie Run Road Jurupa Valley, CA 91752

4 Beds 3 Baths 2,127 sqft Built 2018

$649,216

List Price

$2,470

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $305.23
  • 4 Days on Market
  • MLS # : IV20238683
  • Updated Date : 11/12/2020 at 15:32
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,127 sqft
  • Baths : 3 full
Listing Agent

Frontier Brokers, Inc.

Listing Agent's Description

*** MOVE IN READY *** BRAND NEW MODEL HOME**** 2 STORY HOME located @ Barrington Place North. This beautiful four bedroom, three bath model home features an inviting front porch, included landscaping for the front and rear yards, a first floor bedroom with full bath, dual walk-in closets in the master suite and a second floor laundry room. The gourmet kitchen has white and grey granite countertops, dishwasher, gas range oven, microwave, range hood, dark brown cabinetry, as well as an island. The upstairs master suite is highlighted by dual walk-in closets and a balcony. Neighborhood amenities include community pool, tot lot, BBQ and picnic area, basketball court and open space with walking trail.

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: Jurupa Valley

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700kPrice in $116k728k

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

Neighborhood: Jurupa Valley

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2100012001400160018002000220024002600Rent in $9112730

* 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
Sky Country Elementary School Primary Regular 658 24 4
Sky Country Elementary School Middle Regular 658 24 4
Jurupa Valley High School High Regular 1,608 65 4

Sky Country Elementary School

  • Education Level: Primary
  • # of students: 658
  • # of teachers: 24
4
GreatSchools Rating

Sky Country Elementary School

  • Education Level: Middle
  • # of students: 658
  • # of teachers: 24
4
GreatSchools Rating

Jurupa Valley High School

  • Education Level: High
  • # of students: 1,608
  • # of teachers: 65
4
GreatSchools Rating
 

$584,294$714,138$649,216

PURCHASE PRICE

$2,223$2,717$2,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,470
EXPENSES Loan Payment -$2,395
Property Tax -$613
Property Insurance -$79
HOA -$107
Property Management Fees -$146
CASH FLOW
-$870

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.

$649,216

PROJECTED PRICE

$2,470

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.76%
Appreciation Year (1-5) 7.9%
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-$15k-$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$177,792

INVESTMENT

$177,792

Down Payment
$162,304
Rehab Estimate
$5,750
Closing Costs
$9,738

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,395

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $162,304
Loan Amount $486,912
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$275

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,470

    LIST RENT
  • $1.16

    LIST RENT PER SQFT
  • $2,457

    COMP ESTIMATED VALUE
  • $1.16

    COMP AVG. RENT PER SQFT
Comps Range
$2,450
1$2,4502$2,4703$2,5004$2,5005$2,650
$2,650
RENT COMPS ANALYSIS
  • 4659 Prairie Run Road Jurupa Valley, CA 2
    • 4 beds 3 baths ∙ 2,127 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,127 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $2,470
    • $1.16
    •  
  • 3223 S Edenglen Avenue Ontario, CA 1
    • 3 beds 3 baths ∙ 2,040 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,040 Sqft ∙ Built 2013
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.20
    •  
  • 5623 Skimmer Drive Jurupa Valley, CA 3
    • 4 beds 3 baths ∙ 2,273 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,273 Sqft ∙ Built 2017
    LEASED 02/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.10
    •  
  • 11067 Longfield Lane Jurupa Valley, CA 4
    • 4 beds 3 baths ∙ 2,071 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,071 Sqft ∙ Built 2018
    LEASED 08/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.21
    •  
  • 11443 Corte Soquel Jurupa Valley, CA 5
    • 4 beds 3 baths ∙ 2,398 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,398 Sqft ∙ Built 2016
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.11
    •  
PROPERTY LISTING DETAILS
Steven Rugg
Frontier Brokers, Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV20238683
Last Updated: 11/12/2020
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