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5550 Banta Drive Jurupa Valley, CA 91752

4 Beds 3 Baths 2,361 sqft Built 1983

$649,800

List Price

$2,460

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $275.22
  • 3 Days on Market
  • MLS # : CV20251619
  • Updated Date : 12/04/2020 at 12:58
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,361 sqft
  • Baths : 2 full , 1 half
Listing Agent

Cal American Homes And Realty

Listing Agent's Description

Located in wonderful Sky Country- Horse Property!! This home features a fireplace in the living room, 4 bedroom and 2 baths upstairs and half bath down stairs. Large lot with plenty room to add a ADU, horse stalls/barn or workshop. A must See

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: Mira Loma

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $116k537k

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

Neighborhood: Mira Loma

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q210001200140016001800200022002400Rent in $9112487

* 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
Sky Country Elementary School Primary Regular 658 24 4
Sky Country Elementary School Middle Regular 658 24 4
Jurupa Valley High School High Regular 1,608 65 4

Sky Country Elementary School

  • Education Level: Primary
  • # of students: 658
  • # of teachers: 24
4
GreatSchools Rating

Sky Country Elementary School

  • Education Level: Middle
  • # of students: 658
  • # of teachers: 24
4
GreatSchools Rating

Jurupa Valley High School

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

$584,820$714,780$649,800

PURCHASE PRICE

$2,214$2,706$2,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,460
EXPENSES Loan Payment -$2,397
Property Tax -$618
Property Insurance -$84
Property Management Fees -$145
CASH FLOW
-$785

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.

$649,800

PROJECTED PRICE

$2,460

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.76%
Appreciation Year (1-5) 7.0%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$177,947

INVESTMENT

$177,947

Down Payment
$162,450
Rehab Estimate
$5,750
Closing Costs
$9,747

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,397

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $162,450
Loan Amount $487,350
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$968

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,460

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $2,479

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$2,460
1$2,4602$2,5003$2,5504$2,599
$2,599
RENT COMPS ANALYSIS
  • 5550 Banta Drive Jurupa Valley, CA 1
    • 4 beds 3 baths ∙ 2,361 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,361 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $2,460
    • $1.04
    •  
  • 6722 Icelandic Street Eastvale, CA 2
    • 3 beds 2 baths ∙ 2,383 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,383 Sqft ∙ Built 2000
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.05
    •  
  • 12846 Mustang Street Eastvale, CA 3
    • 4 beds 2 baths ∙ 2,383 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,383 Sqft ∙ Built 2002
    LEASED 11/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.07
    •  
  • 6435 Marigold Street Corona, CA 4
    • 4 beds 2 baths ∙ 2,530 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,530 Sqft ∙ Built 1999
    LEASED 10/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,599
    • $1.03
    •  
PROPERTY LISTING DETAILS
James Diller
Cal American Homes And Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20251619
Last Updated: 12/04/2020
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