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4711 Rockingham Jurupa Valley, CA 92509

5 Beds 2 Baths 2,592 sqft Built 2003

$785,000

List Price

$2,790

$2.5K - $3K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $302.85
  • 5 Days on Market
  • MLS # : SR21018121
  • Updated Date : 01/29/2021 at 22:21
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,592 sqft
  • Baths : 2 full
Listing Agent

Re/max All-pro

Listing Agent's Description

Be prepared to be impressed at the prestigious Arabella Ranch in Jurupa Valley! This home is immaculate and ready for immediate access showcasing in recent upgrades, light and bright open floor plan. Inviting living room opens to this Stunning fully remodeled Gourmet kitchen with granite counter tops, island, walking pantry, self closing cabinets, next to a cozy family room with a warm fireplace for the cold nights, wood english white oak flooring, 4 bedroom 2 bathroom Master Suite with retreat that can be converted to a 5th Bedroom, laundry room, lots of cabinets, boasts almost 2600 Sq Ft of sprawling estate living nestled on fully landscaped over 20,000 Sq Ft lot with 8 fruit trees, 2 Avocado trees, Palm trees, gazebo with seating area, veggie garden, cover patio for your family gatherings, beautiful putting green, new A/C unit, 3 Car Garage with storage area, RV Access. Solar Panels paid for! This one won't last Mr. & Mrs. Clean live here...Run...don't walk.

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: Mira Loma

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $116k537k

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

Neighborhood: Mira Loma

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q210001200140016001800200022002400Rent in $9112487

* 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
Mira Loma Middle School Middle Regular 860 35 3
Jurupa Valley High School High Regular 1,608 65 4

Mira Loma Middle School

  • Education Level: Middle
  • # of students: 860
  • # of teachers: 35
3
GreatSchools Rating

Jurupa Valley High School

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

$706,500$863,500$785,000

PURCHASE PRICE

$2,511$3,069$2,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,790
EXPENSES Loan Payment -$2,727
Property Tax -$754
Property Insurance -$90
Property Management Fees -$165
CASH FLOW
-$945

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.

$785,000

PROJECTED PRICE

$2,790

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.76%
Appreciation Year (1-5) 7.0%
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$10k

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$213,775

INVESTMENT

$213,775

Down Payment
$196,250
Rehab Estimate
$5,750
Closing Costs
$11,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,727

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $196,250
Loan Amount $588,750
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$505

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,790

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $2,782

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$2,650
1$2,6502$2,7903$2,9504$3,000
$3,000
RENT COMPS ANALYSIS
  • 4711 Rockingham Jurupa Valley, CA 2
    • 5 beds 2 baths ∙ 2,592 Sqft ∙ Built 2003 5 beds 2 baths ∙ 2,592 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $2,790
    • $1.08
    •  
  • 11443 Corte Soquel Jurupa Valley, CA 1
    • 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
    •  
  • 11123 Day Drive Jurupa Valley, CA 3
    • 5 beds 4 baths ∙ 2,831 Sqft ∙ Built 2018 5 beds 4 baths ∙ 2,831 Sqft ∙ Built 2018
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.04
    •  
  • 11035 Coral Dr Jurupa Valley, CA 4
    • 4 beds 3 baths ∙ 2,800 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,800 Sqft ∙ Built 2017
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.07
    •  
PROPERTY LISTING DETAILS
Connie Magruder
Re/max All-pro
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SR21018121
Last Updated: 01/29/2021
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