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5749 Birchwood Drive Riverside, CA 92509

3 Beds 3 Baths 1,703 sqft Built 2005

$455,000

List Price

$2,150

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $267.18
  • 4 Days on Market
  • MLS # : TR21051417
  • Updated Date : 03/11/2021 at 12:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,703 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker Top Team

Listing Agent's Description

This is a must see !! This beautiful two story single family residence features 3 bedrooms 2.5 bathrooms and a two car attached garage with direct access. Home with new carpet, new tile flooring in upstairs bathrooms and hallway, new downstairs interior paint, new exterior paint, and new wood shutters throughout the house. Living room with a cozy fireplace, laminated wood flooring, crown molding, and ceiling fan. Spacious kitchen and eating area with laminated wood floors and crown molding. Good size bedrooms with ceiling fans. Upstairs laundry room. Large master bedroom with ceiling fan. Master bathroom with separate tub and shower, dual vanity sinks, and a spacious walking closet. Good size backyard. Community pool, park, and picnic area. This home shows great and is ready to move in!!

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: Pedley

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $116k484k

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

Neighborhood: Pedley

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2100011001200130014001500160017001800190020002100Rent in $9112178

* 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
Jurupa Middle School Middle Regular 1,236 47 5
Patriot High School High Regular 2,094 82 6
Jurupa Middle School Middle Unknown NA

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

Jurupa Middle School

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

$409,500$500,500$455,000

PURCHASE PRICE

$1,935$2,365$2,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,150
EXPENSES Loan Payment -$1,580
Property Tax -$430
Property Insurance -$68
HOA -$151
Property Management Fees -$127
CASH FLOW
-$207

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.

$455,000

PROJECTED PRICE

$2,150

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.76%
Appreciation Year (1-5) 7.8%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

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$126,325

INVESTMENT

$126,325

Down Payment
$113,750
Rehab Estimate
$5,750
Closing Costs
$6,825

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,580

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $113,750
Loan Amount $341,250
See What Happens When You Reinvest Cash Flow

2.92

YEARS SAVED

$10,539

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,150

    LIST RENT
  • $1.26

    LIST RENT PER SQFT
  • $2,291

    COMP ESTIMATED VALUE
  • $1.35

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,1003$2,1504$2,2005$2,350
$2,350
RENT COMPS ANALYSIS
  • 5749 Birchwood Drive Riverside, CA 3
    • 3 beds 3 baths ∙ 1,703 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,703 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.26
    •  
  • 6307 Heatherwood Drive Riverside, CA 1
    • 3 beds 2 baths ∙ 1,655 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,655 Sqft ∙ Built 1985
    property image
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.18
    •  
  • 7921 Carlyle Drive Riverside, CA 2
    • 3 beds 3 baths ∙ 1,465 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,465 Sqft ∙ Built 1990
    property image
    LEASED 05/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.43
    •  
  • 4136 Canyonside Circle Jurupa Valley, CA 4
    • 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
    •  
  • 8071 Townsend Drive Jurupa Valley, CA 5
    • 3 beds 3 baths ∙ 1,688 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,688 Sqft ∙ Built 1985
    property image
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.39
    •  
PROPERTY LISTING DETAILS
Oscar Mendez
Coldwell Banker Top Team
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: TR21051417
Last Updated: 03/11/2021
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