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4979 Via Campeche Riverside, CA 92507

4 Beds 3 Baths 1,905 sqft Built 1978

INVESTimate

$599,999

List Price

$2,600

$2,350 - $2,850

Rent Est.

$646,619  ( +7.77%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 1978
  • Price/Sqft : $314.96
  • 8 Days on Market
  • MLS # : DW20167137
  • Updated Date : 08/21/2020 at 16:29
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,905 sqft
  • Baths : 2 full , 1 half
Listing Agent

Century 21 Allstars

Listing Agent's Description

Gorgeous 4 bed room 3 bath home with 3 Car Garage and Exterior Boat or RV parking. As you walk up stairs through the master bed room door, you will look up at the high cathedral ceilings you will also help notice the Farm doors to the master bath. As you open the farm doors to the right is Door less & Curb less Walk in Shower with Rain fall shower. Master bed room also has a walk in closet. Walking out of the master to your right you will could walk through double door into your private home office library or bed room. Down the hall is full bath with porcelain tile and linen cabinets . next you have 2 bed rooms facing the street. Back down stairs first you have high cathedral ceilings. Large Dinning area has hanging farm light fixture and formal living room. Straight ahead is custom kitchen with private Pantry and wall to wall cabinets with never ending peninsula with granite counter top. Next to the kitchen, you step down into The Family room with fireplace and wood patio doors that connect out to you exterior Patio ready for entertainment.

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: Canyon Crest

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $144k598k

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

Neighborhood: Canyon Crest

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q210001200140016001800200022002400Rent in $9672496

* 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
Emerson Elementary School Primary Regular 798 32 4
Emerson Elementary School Middle Regular 798 32 4
John W. North High School High Regular 2,281 95 4

Emerson Elementary School

  • Education Level: Primary
  • # of students: 798
  • # of teachers: 32
4
GreatSchools Rating

Emerson Elementary School

  • Education Level: Middle
  • # of students: 798
  • # of teachers: 32
4
GreatSchools Rating

John W. North High School

  • Education Level: High
  • # of students: 2,281
  • # of teachers: 95
4
GreatSchools Rating
 

$539,999$659,999$599,999

PURCHASE PRICE

$2,340$2,860$2,600

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-$10k-$5.0k$0.0$5.0k$10k$15k

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$1.8M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,600
EXPENSES Loan Payment -$2,214
Property Tax -$576
Property Insurance -$73
Property Management Fees -$153
CASH FLOW
-$416

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.

$599,999

PROJECTED PRICE

$2,600

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 7.77%
Maintenance Year (1-5) 8.00%
Vacancy 5.35%
Length of Stay Years 2

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 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,214

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $150,000
Loan Amount $449,999
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$12,561

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,600

    LIST RENT
  • $1.36

    LIST RENT PER SQFT
  • $2,586

    COMP ESTIMATED VALUE
  • $1.36

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,4503$2,4504$2,5005$2,600
$2,600
RENT COMPS ANALYSIS
  • 4979 Via Campeche Riverside, 5
    • 4 beds 3 baths ∙ 1,905 Sqft ∙ Built 1978 4 beds 3 baths ∙ 1,905 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.36
    •  
  • 1404 Le Conte Drive Riverside, 1
    • 3 beds 2 baths ∙ 1,737 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,737 Sqft ∙ Built 1962
    LEASED 07/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.38
    •  
  • 5016 Tophill Place Riverside, 2
    • 4 beds 2 baths ∙ 1,761 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,761 Sqft ∙ Built 1960
    LEASED 08/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.39
    •  
  • 1350 Le Conte Drive Riverside, 3
    • 4 beds 3 baths ∙ 1,909 Sqft ∙ Built 1979 4 beds 3 baths ∙ 1,909 Sqft ∙ Built 1979
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.28
    •  
  • 1370 Le Conte Drive Riverside, 4
    • 4 beds 2 baths ∙ 1,813 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,813 Sqft ∙ Built 1978
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.38
    •  
PROPERTY LISTING DETAILS
J.r. Raygoza
Century 21 Allstars
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: DW20167137
Last Updated: 08/21/2020
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