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5760 Camino Real Riverside, CA 92509

3 Beds 2 Baths 1,695 sqft Built 1966

$539,900

List Price

$2,010

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1966
  • Price/Sqft : $318.53
  • 3 Days on Market
  • MLS # : IV20243723
  • Updated Date : 11/20/2020 at 17:52
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,695 sqft
  • Baths : 2 full
Listing Agent

Crest Sotheby's International Realty

Listing Agent's Description

Newly renovated home located near Indian Hills Golf Course. The kitchen is open and light with new white cabinets, quartz countertops, marble backsplash, stainless steel appliances and a farmhouse sink. The French doors open to the gorgeous backyard with a sparkling pool and spa that have been recently plastered. The all new landscaping includes RV parking with iron fencing, all new fencing and a large detached workshop or ADU. The home has been painted on the interior and exterior, all new garage doors, new dual pane windows, all new interior doors, baseboards and flooring throughout. In addition both of the bathrooms have been beautifully updated.

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

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
Camino Real Elementary School Primary Regular 789 31 6
Camino Real Elementary School Middle Regular 789 31 6
Patriot High School High Regular 2,094 82 6

Camino Real Elementary School

  • Education Level: Primary
  • # of students: 789
  • # of teachers: 31
6
GreatSchools Rating

Camino Real Elementary School

  • Education Level: Middle
  • # of students: 789
  • # of teachers: 31
6
GreatSchools Rating

Patriot High School

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

$485,910$593,890$539,900

PURCHASE PRICE

$1,809$2,211$2,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,010
EXPENSES Loan Payment -$1,992
Property Tax -$511
Property Insurance -$68
Property Management Fees -$119
CASH FLOW
-$680

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.

$539,900

PROJECTED PRICE

$2,010

PROJECTED RENT

0.37%

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

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$148,824

INVESTMENT

$148,824

Down Payment
$134,975
Rehab Estimate
$5,750
Closing Costs
$8,099

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,992

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $134,975
Loan Amount $404,925
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$534

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,010

    LIST RENT
  • $1.19

    LIST RENT PER SQFT
  • $2,250

    COMP ESTIMATED VALUE
  • $1.33

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,0103$2,1954$2,3505$2,500
$2,500
RENT COMPS ANALYSIS
  • 5760 Camino Real Riverside, CA 2
    • 3 beds 2 baths ∙ 1,695 Sqft ∙ Built 1966 3 beds 2 baths ∙ 1,695 Sqft ∙ Built 1966
    • Rent
    • Rent Per SQFT
    •  
    • $2,010
    • $1.19
    •  
  • 6307 Heatherwood Drive Riverside, CA 1
    • 3 beds 2 baths ∙ 1,655 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,655 Sqft ∙ Built 1985
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.18
    •  
  • 6146 Jennifer Lane Riverside, CA 3
    • 3 beds 3 baths ∙ 1,608 Sqft ∙ Built 1983 3 beds 3 baths ∙ 1,608 Sqft ∙ Built 1983
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.37
    •  
  • 8071 Townsend Drive Jurupa Valley, CA 4
    • 3 beds 3 baths ∙ 1,688 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,688 Sqft ∙ Built 1985
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.39
    •  
  • 7563 Frazer Drive Jurupa Valley, CA 5
    • 4 beds 2 baths ∙ 1,824 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,824 Sqft ∙ Built 1978
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.37
    •  
PROPERTY LISTING DETAILS
Sarah Brown
Crest Sotheby's International Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV20243723
Last Updated: 11/20/2020
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