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5080 Tyler Street Riverside, CA 92504

3 Beds 1 Baths 1,435 sqft Built 1959

$385,000

List Price

$2,160

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1959
  • Price/Sqft : $268.29
  • 2 Days on Market
  • MLS # : IV21005105
  • Updated Date : 01/09/2021 at 11:08
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,435 sqft
  • Baths : 1 full
Listing Agent

James Pyle, Broker

Listing Agent's Description

Single Story 3 bedroom, 2 bath house. Recently upgraded with new vinyl windows, new furnaces, new vinyl flooring, new exterior doors and a new stucco coat, to seal all new windows and doors. Electrical and Plumbing have been upgraded. Kitchen and Bathrooms have newer plumbing fixtures and cabinetry. This is a great starter home for first time buyers, or an ideal home for a growing family or a clean investment property for an investor. Situated on a large corner lot, this house has a large private backyard, secured by block walls and chain link fencing, that is a safe place for children to play. Large side yard access off the driveway allows for vehicle or RV parking. Buyer and Buyer's agent to do all due diligence on this property. All information is deemed to be reliable, but is not guaranteed. Buyers to satisfy themselves to all aspects on this property, including, but not limited too, zoning, utilities and taxes. Property to be sold in "As Is" condition.

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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: La Sierra Acres

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $116k484k

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

Neighborhood: La Sierra Acres

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2100011001200130014001500160017001800190020002100Rent in $9112101

* 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
La Granada Elementary School Primary Regular 687 27 3
Wells Middle School Middle Regular 922 37 2
Norte Vista High School High Regular 2,189 86 3

La Granada Elementary School

  • Education Level: Primary
  • # of students: 687
  • # of teachers: 27
3
GreatSchools Rating

Wells Middle School

  • Education Level: Middle
  • # of students: 922
  • # of teachers: 37
2
GreatSchools Rating

Norte Vista High School

  • Education Level: High
  • # of students: 2,189
  • # of teachers: 86
3
GreatSchools Rating
 

$346,500$423,500$385,000

PURCHASE PRICE

$1,944$2,376$2,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,160
EXPENSES Loan Payment -$1,337
Property Tax -$390
Property Insurance -$62
Property Management Fees -$127
CASH FLOW
$244

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.

$385,000

PROJECTED PRICE

$2,160

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.76%
Appreciation Year (1-5) 11.4%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$107,775

INVESTMENT

$107,775

Down Payment
$96,250
Rehab Estimate
$5,750
Closing Costs
$5,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,337

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $96,250
Loan Amount $288,750
See What Happens When You Reinvest Cash Flow

9.08

YEARS SAVED

$48,105

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,160

    LIST RENT
  • $1.51

    LIST RENT PER SQFT
  • $2,206

    COMP ESTIMATED VALUE
  • $1.54

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,1603$2,2004$2,2505$2,550
$2,550
RENT COMPS ANALYSIS
  • 5080 Tyler Street Riverside, CA 2
    • 3 beds 1 baths ∙ 1,435 Sqft ∙ Built 1959 3 beds 1 baths ∙ 1,435 Sqft ∙ Built 1959
    • Rent
    • Rent Per SQFT
    •  
    • $2,160
    • $1.51
    •  
  • 5032 Red Bluff Road Riverside, CA 1
    • 3 beds 2 baths ∙ 1,392 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,392 Sqft ∙ Built 1978
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.51
    •  
  • 10110 Keegan Court Riverside, CA 3
    • 3 beds 2 baths ∙ 1,383 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,383 Sqft ∙ Built 1978
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.59
    •  
  • 10599 Cochran Avenue Riverside, CA 4
    • 4 beds 2 baths ∙ 1,534 Sqft ∙ Built 1959 4 beds 2 baths ∙ 1,534 Sqft ∙ Built 1959
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.47
    •  
  • 10841 Endicott Drive Riverside, CA 5
    • 4 beds 2 baths ∙ 1,619 Sqft ∙ Built 1965 4 beds 2 baths ∙ 1,619 Sqft ∙ Built 1965
    LEASED 04/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.58
    •  
PROPERTY LISTING DETAILS
James Pyle
James Pyle, Broker
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV21005105
Last Updated: 01/09/2021
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