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5196 Quapaw Way Jurupa Valley, CA 92509

4 Beds 3 Baths 1,826 sqft Built 1994

$499,000

List Price

$2,320

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $273.27
  • 3 Days on Market
  • MLS # : OC21030028
  • Updated Date : 02/12/2021 at 14:19
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,826 sqft
  • Baths : 3 full
Listing Agent

Frank Bennet, Broker

Listing Agent's Description

Beautiful Single Family home that is priced to sell. With four bedrooms and three full baths this is the perfect family home. Located on an inner tract street a block from the park makes this location highly desirable. Home is in move in condition with fresh paint almost new flooring, like new HVAC (2 years old) , newer water heater, etc...their is nothing needed to be done except move on in. Great views of Mount Rubidoux from the front of the house to take advantage of the oversized front covered patio area. Close to freeways, baseball fields, soccer fields and schools. This home is a diamond waiting for its new owner.

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: Rubidoux

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $116k484k

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

Neighborhood: Rubidoux

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
Mission Middle School Middle Regular 868 32 2
Rubidoux High School High Regular 1,629 67 4
Mission Middle School Middle Unknown NA

Mission Middle School

  • Education Level: Middle
  • # of students: 868
  • # of teachers: 32
2
GreatSchools Rating

Rubidoux High School

  • Education Level: High
  • # of students: 1,629
  • # of teachers: 67
4
GreatSchools Rating

Mission Middle School

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

$449,100$548,900$499,000

PURCHASE PRICE

$2,088$2,552$2,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,320
EXPENSES Loan Payment -$1,733
Property Tax -$473
Property Insurance -$71
HOA -$40
Property Management Fees -$137
CASH FLOW
-$135

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.

$499,000

PROJECTED PRICE

$2,320

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.76%
Appreciation Year (1-5) 8.5%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$137,985

INVESTMENT

$137,985

Down Payment
$124,750
Rehab Estimate
$5,750
Closing Costs
$7,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,733

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $124,750
Loan Amount $374,250
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$18,860

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,320

    LIST RENT
  • $1.27

    LIST RENT PER SQFT
  • $2,406

    COMP ESTIMATED VALUE
  • $1.32

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$2,1893$2,2004$2,2005$2,320
$2,320
RENT COMPS ANALYSIS
  • 5196 Quapaw Way Jurupa Valley, CA 5
    • 4 beds 3 baths ∙ 1,826 Sqft ∙ Built 1994 4 beds 3 baths ∙ 1,826 Sqft ∙ Built 1994
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,320
    • $1.27
    •  
  • 4030 Osage Avenue Riverside, CA 1
    • 3 beds 2 baths ∙ 1,481 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,481 Sqft ∙ Built 2000
    property image
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.28
    •  
  • 4919 Locomotive Lane Riverside, CA 2
    • 3 beds 3 baths ∙ 1,550 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,550 Sqft ∙ Built 2007
    property image
    LEASED 12/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,189
    • $1.41
    •  
  • 4136 Canyonside Circle Jurupa Valley, CA 3
    • 4 beds 3 baths ∙ 1,600 Sqft ∙ Built 1991 4 beds 3 baths ∙ 1,600 Sqft ∙ Built 1991
    property image
    LEASED 01/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.38
    •  
  • 5201 Wenatchee Way Riverside, CA 4
    • 4 beds 3 baths ∙ 1,826 Sqft ∙ Built 1993 4 beds 3 baths ∙ 1,826 Sqft ∙ Built 1993
    property image
    LEASED 03/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.20
    •  
PROPERTY LISTING DETAILS
Frank Bennett
Frank Bennet, Broker
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21030028
Last Updated: 02/12/2021
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