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4999 Crocus Court Jurupa Valley, CA 91752

4 Beds 3 Baths 2,484 sqft Built 2020

INVESTimate

$634,990

List Price

$2,440

$2,196 - $2,684

Rent Est.

$685,281  ( +7.92%)   1 YR EST. FORECAST

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
August 26, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $255.63
  • 2 Days on Market
  • MLS # : EV20175149
  • Updated Date : 08/25/2020 at 19:47
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,484 sqft
  • Baths : 2 full , 1 half
Listing Agent

William Lyon Homes Inc.

Listing Agent's Description

Model Home! This Single Story Home has outstanding interior upgrades including flooring, Quartz countertops, washer, dryer and refrigerator! The Model includes an Outdoor Patio and a landscaped backyard. This 4 Bedroom new home at The Cameos includes 2.5 baths plus a 3 car split garage. The home includes a large master bedroom with an oversized walk-in closet. The community includes parks and the Del Sol Academy K-8. The Cameos is freeway close, a few minutes to the airport and near major shopping malls. Cul-de-sac Location!!!

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*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $116k470k

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

Neighborhood: Jurupa Valley

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2100012001400160018002000220024002600Rent in $9112678

* 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
Del Sol Academy Primary Regular NA
Del Sol Academy Middle Regular NA
Jurupa Valley High School High Regular 1,608 65 4

Del Sol Academy

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Del Sol Academy

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Jurupa Valley High School

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

$571,491$698,489$634,990

PURCHASE PRICE

$2,196$2,684$2,440

RENT

DOWN PAYMENT
FINANCING

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-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,440
EXPENSES Loan Payment -$2,343
Property Tax -$600
Property Insurance -$87
HOA -$25
Property Management Fees -$144
CASH FLOW
-$759

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 8% of earned rent to cover both maintenance and periods of vacancy.

$634,990

PROJECTED PRICE

$2,440

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.76%
Appreciation Year (1-5) 7.92%
Maintenance Year (1-5) 3.00%
Vacancy 5.41%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$170,272

INVESTMENT

$170,272

Down Payment
$158,748
Rehab Estimate
$2,000
Closing Costs
$9,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,343

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $158,748
Loan Amount $476,243
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$994

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,440

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $2,732

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$2,440
1$2,4402$2,5003$2,6504$3,0005$3,100
$3,100
RENT COMPS ANALYSIS
  • 4999 Crocus Court Jurupa Valley, 1
    • 4 beds 3 baths ∙ 2,484 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,484 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $2,440
    • $0.98
    •  
  • 5623 Skimmer Drive Jurupa Valley, 2
    • 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
    •  
  • 11443 Corte Soquel Jurupa Valley, 3
    • 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
    •  
  • 11035 Coral Dr Jurupa Valley, 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
    •  
  • 4781 Snap Dragon Street Eastvale, 5
    • 5 beds 3 baths ∙ 2,776 Sqft ∙ Built 2018 5 beds 3 baths ∙ 2,776 Sqft ∙ Built 2018
    LEASED 03/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.12
    •  
PROPERTY LISTING DETAILS
Leslie Olivo
William Lyon Homes Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: EV20175149
Last Updated: 08/25/2020
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