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5701 Sharon Way Jurupa Valley, CA 92509

4 Beds 2 Baths 2,088 sqft Built 1957

$508,000

List Price

$2,450

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1957
  • Price/Sqft : $243.30
  • 14 Days on Market
  • MLS # : CV20222948
  • Updated Date : 10/28/2020 at 14:43
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,088 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Leaders

Listing Agent's Description

Nice house seated on 1.07 acres of land. Located very close to shopping centers, banks, grocery stores, restaurants, and gas station. Only a few miles a way from the 15 freeway. House features palm trees that give nice shade in front of the house. The master bathroom has been completely remodeled. Big kitchen size for those who enjoy cooking for their family. Dual chimney that connects from living room to dining room. Freshly painted with nice flooring. Horse Property. Huge circular drive way that fits at least 5 cars. Plenty of space for parking when you have guests over. Nice city view from back yard.

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
Pacific Avenue Elementary School Primary Regular 347 19 5
Jurupa Middle School Middle Regular 1,236 47 5
Patriot High School High Regular 2,094 82 6

Pacific Avenue Elementary School

  • Education Level: Primary
  • # of students: 347
  • # of teachers: 19
5
GreatSchools Rating

Jurupa Middle School

  • Education Level: Middle
  • # of students: 1,236
  • # of teachers: 47
5
GreatSchools Rating

Patriot High School

  • Education Level: High
  • # of students: 2,094
  • # of teachers: 82
6
GreatSchools Rating
 

$457,200$558,800$508,000

PURCHASE PRICE

$2,205$2,695$2,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,450
EXPENSES Loan Payment -$1,874
Property Tax -$482
Property Insurance -$78
Property Management Fees -$145
CASH FLOW
-$129

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.

$508,000

PROJECTED PRICE

$2,450

PROJECTED RENT

0.48%

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$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$140,370

INVESTMENT

$140,370

Down Payment
$127,000
Rehab Estimate
$5,750
Closing Costs
$7,620

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,874

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $127,000
Loan Amount $381,000
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$25,790

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,450

    LIST RENT
  • $1.17

    LIST RENT PER SQFT
  • $2,318

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,3003$2,450
$2,450
RENT COMPS ANALYSIS
  • 5701 Sharon Way Jurupa Valley, CA 3
    • 5 beds 2 baths ∙ 2,088 Sqft ∙ Built 1957 5 beds 2 baths ∙ 2,088 Sqft ∙ Built 1957
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.17
    •  
  • 7820 Bolero Drive Riverside, CA 1
    • 4 beds 3 baths ∙ 1,983 Sqft ∙ Built 1966 4 beds 3 baths ∙ 1,983 Sqft ∙ Built 1966
    property image
    LEASED 09/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.98
    •  
  • 5939 Deerfield Road Riverside, CA 2
    • 4 beds 3 baths ∙ 1,857 Sqft ∙ Built 1954 4 beds 3 baths ∙ 1,857 Sqft ∙ Built 1954
    property image
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.24
    •  
PROPERTY LISTING DETAILS
Cara De Anda
Coldwell Banker Leaders
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20222948
Last Updated: 10/28/2020
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