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4997 Tyrolite Street Jurupa Valley, CA 92509

5 Beds 2 Baths 2,103 sqft Built 1991

$599,900

List Price

$2,570

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

December 15, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $285.26
  • 6 Days on Market
  • MLS # : IV20257915
  • Updated Date : 12/15/2020 at 15:05
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,103 sqft
  • Baths : 2 full
Listing Agent

Westcoe Realtors Inc

Listing Agent's Description

Beautiful 5 bedroom 2 bath home with great curb appeal in a wonderful neighborhood! AND City Lights Views! 2103 square feet! A backyard to die for! Almost 3/4 acre lot! AND FREE SOLAR POWER!! Freshly painted inside! Vaulted ceilings in formal living room, family room and formal dining room. Wood burning fireplace in the family room! Remodeled kitchen with lots of hardwood cabinets, granite countertops, breakfast bar, freestanding stove, a dishwasher and microwave! Master bedroom is huge with walk in closet and remodeled master bath that has separate soaking tub, shower and dual sinks! REAL hardwood floors throughout the house. Remodeled hall bath, too! The 5th bedroom doesn’t have a closet but perfect for an office or bonus room. New A/C just installed this past August. Solar System is already paid for, you get it FREE! Average monthly Edison electric bill is $10! The sellers have spent approx. $150,000 in the backyard! And it shows!! Park like backyard features a HUGE approx. 1200 sq. ft. custom patio with ceiling fans and lights! There is another 100 sq. ft Japanese Teahouse patio. Large fenced storage shed/workshop building PLUS a separate fenced storage shed perfect for dogs and cats. LOADS of different fruit trees, walkways, a 3 tier fountain and water saving landscaping! PLENTY of room for a pool! City Lights views from the back are incredible! Huge gated RV parking area. Sauna in back is also included! Please check out all the pictures and Tour Factory virtual tour!

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: Pedley

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $116k484k

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

Neighborhood: Pedley

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2100011001200130014001500160017001800190020002100Rent in $9112178

* 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
Stone Avenue Elementary School Primary Regular 793 31 5
Jurupa Middle School Middle Regular 1,236 47 5
Patriot High School High Regular 2,094 82 6

Stone Avenue Elementary School

  • Education Level: Primary
  • # of students: 793
  • # of teachers: 31
5
GreatSchools Rating

Jurupa Middle School

  • Education Level: Middle
  • # of students: 1,236
  • # of teachers: 47
5
GreatSchools Rating

Patriot High School

  • Education Level: High
  • # of students: 2,094
  • # of teachers: 82
6
GreatSchools Rating
 

$539,910$659,890$599,900

PURCHASE PRICE

$2,313$2,827$2,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,570
EXPENSES Loan Payment -$2,213
Property Tax -$558
Property Insurance -$78
Property Management Fees -$152
CASH FLOW
-$431

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.

$599,900

PROJECTED PRICE

$2,570

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.76%
Appreciation Year (1-5) 7.8%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$164,724

INVESTMENT

$164,724

Down Payment
$149,975
Rehab Estimate
$5,750
Closing Costs
$8,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,213

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $149,975
Loan Amount $449,925
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$10,674

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,570

    LIST RENT
  • $1.22

    LIST RENT PER SQFT
  • $2,324

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,4503$2,570
$2,570
RENT COMPS ANALYSIS
  • 4997 Tyrolite Street Jurupa Valley, CA 3
    • 5 beds 2 baths ∙ 2,103 Sqft ∙ Built 1991 5 beds 2 baths ∙ 2,103 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $2,570
    • $1.22
    •  
  • 8440 Brookfield Drive Riverside, CA 1
    • 5 beds 2 baths ∙ 1,992 Sqft ∙ Built 1980 5 beds 2 baths ∙ 1,992 Sqft ∙ Built 1980
    LEASED 08/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.15
    •  
  • 6800 Abel Stearns Avenue Riverside, CA 2
    • 4 beds 3 baths ∙ 2,314 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,314 Sqft ∙ Built 2004
    LEASED 11/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.06
    •  
PROPERTY LISTING DETAILS
Steven Maio
Westcoe Realtors Inc
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV20257915
Last Updated: 12/15/2020
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