Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

5405 Argyle Way Riverside, CA 92506

5 Beds 3 Baths 2,733 sqft Built 1963

$579,900

List Price

$2,580

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

October 29, 2020 RECENTLY ADDED
FACTS
  • Built In 1963
  • Price/Sqft : $212.18
  • 6 Days on Market
  • MLS # : IV20228451
  • Updated Date : 10/29/2020 at 12:10
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,733 sqft
  • Baths : 3 full
Listing Agent

Compass

Listing Agent's Description

VICTORIA WOODS- Charming two story Cape Cod with tons of potential located on a private interior cul-de-sac lot! Main level with formal living and dining rooms, family room, galley kitchen and three bedrooms and two bathrooms. Second level currently configured as two bedrooms and a bonus room but easily modified to suit any needs as these homes were originally constructed with the second floor being one large open space with a bathroom for the owner to configure at will. Large level lot, covered breezeway, interior laundry and highly desirable location make this property a sound investment for the owner looking to take advantage of an opportunity to make it their own. Current long time ownership for nearly 50 years!

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: Fairview Estates

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650kPrice in $144k670k

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

Neighborhood: Fairview Estates

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q210001200140016001800200022002400Rent in $9672567

* 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
Alcott Elementary School Primary Regular 772 31 5
Alcott Elementary School Middle Regular 772 31 5
Poly High School High Regular 2,777 106 6

Alcott Elementary School

  • Education Level: Primary
  • # of students: 772
  • # of teachers: 31
5
GreatSchools Rating

Alcott Elementary School

  • Education Level: Middle
  • # of students: 772
  • # of teachers: 31
5
GreatSchools Rating

Poly High School

  • Education Level: High
  • # of students: 2,777
  • # of teachers: 106
6
GreatSchools Rating
 

$521,910$637,890$579,900

PURCHASE PRICE

$2,322$2,838$2,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,580
EXPENSES Loan Payment -$2,140
Property Tax -$561
Property Insurance -$93
Property Management Fees -$152
CASH FLOW
-$366

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.

$579,900

PROJECTED PRICE

$2,580

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 8.0%
Maintenance Year (1-5) 8.00%
Vacancy 5.35%
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-$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$159,424

INVESTMENT

$159,424

Down Payment
$144,975
Rehab Estimate
$5,750
Closing Costs
$8,699

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,140

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $144,975
Loan Amount $434,925
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$13,987

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,580

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $2,849

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,5803$2,6004$2,8505$3,000
$3,000
RENT COMPS ANALYSIS
  • 5405 Argyle Way Riverside, CA 2
    • 5 beds 3 baths ∙ 2,733 Sqft ∙ Built 1963 5 beds 3 baths ∙ 2,733 Sqft ∙ Built 1963
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,580
    • $0.94
    •  
  • 1190 Atwater Avenue Riverside, CA 1
    • 4 beds 3 baths ∙ 2,480 Sqft ∙ Built 1973 4 beds 3 baths ∙ 2,480 Sqft ∙ Built 1973
    property image
    LEASED 05/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.01
    •  
  • 1505 Via Tioga Riverside, CA 3
    • 4 beds 3 baths ∙ 2,744 Sqft ∙ Built 1967 4 beds 3 baths ∙ 2,744 Sqft ∙ Built 1967
    property image
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.95
    •  
  • 6842 Rycroft Drive Riverside, CA 4
    • 4 beds 3 baths ∙ 2,493 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,493 Sqft ∙ Built 1978
    property image
    LEASED 09/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.14
    •  
  • 5670 Argyle Way Riverside, CA 5
    • 4 beds 3 baths ∙ 2,793 Sqft ∙ Built 1961 4 beds 3 baths ∙ 2,793 Sqft ∙ Built 1961
    property image
    LEASED 03/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.07
    •  
PROPERTY LISTING DETAILS
Brad Alewine
Compass
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV20228451
Last Updated: 10/29/2020
BESbswy