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5783 El Palomino Drive Jurupa Valley, CA 92509

4 Beds 3 Baths 2,063 sqft Built 1991

$520,000

List Price

$2,380

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

November 09, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $252.06
  • 8 Days on Market
  • MLS # : IG20235719
  • Updated Date : 11/12/2020 at 15:02
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,063 sqft
  • Baths : 3 full
Listing Agent

Realty One Group West

Listing Agent's Description

Entertainer's delight! Come see this newly listed, owner occupied desirable property for sale in The Greens gated community, located on Hole 9 of the Indian Hills golf course! HVAC system replaced 3-4 years ago and water heater is only 1 year old. Upgraded kitchen and master bath. Home features a pool, fireplace and much more. All property information transferred from County Assessor's Office and deemed reliable but Buyer to satisfy themselves as to the accuracy of this information.

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
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
 

$468,000$572,000$520,000

PURCHASE PRICE

$2,142$2,618$2,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,380
EXPENSES Loan Payment -$1,919
Property Tax -$484
Property Insurance -$77
HOA -$140
Property Management Fees -$140
CASH FLOW
-$380

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.

$520,000

PROJECTED PRICE

$2,380

PROJECTED RENT

0.46%

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$1.6M

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$143,550

INVESTMENT

$143,550

Down Payment
$130,000
Rehab Estimate
$5,750
Closing Costs
$7,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,919

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $130,000
Loan Amount $390,000
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$7,962

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,380

    LIST RENT
  • $1.15

    LIST RENT PER SQFT
  • $2,357

    COMP ESTIMATED VALUE
  • $1.14

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,1503$2,3004$2,3805$2,450
$2,450
RENT COMPS ANALYSIS
  • 5783 El Palomino Drive Jurupa Valley, CA 4
    • 4 beds 3 baths ∙ 2,063 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,063 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $2,380
    • $1.15
    •  
  • 7878 Pineridge Court Riverside, CA 1
    • 3 beds 3 baths ∙ 1,800 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,800 Sqft ∙ Built 1991
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.11
    •  
  • 5671 Northwood Drive Jurupa Valley, CA 2
    • 4 beds 3 baths ∙ 1,725 Sqft ∙ Built 1984 4 beds 3 baths ∙ 1,725 Sqft ∙ Built 1984
    LEASED 09/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.25
    •  
  • 8440 Brookfield Drive Riverside, CA 3
    • 5 beds 2 baths ∙ 1,992 Sqft ∙ Built 1980 5 beds 2 baths ∙ 1,992 Sqft ∙ Built 1980
    LEASED 08/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.15
    •  
  • 6800 Abel Stearns Avenue Riverside, CA 5
    • 4 beds 3 baths ∙ 2,314 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,314 Sqft ∙ Built 2004
    LEASED 11/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.06
    •  
PROPERTY LISTING DETAILS
Icis Aramburo-mendoza
Realty One Group West
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IG20235719
Last Updated: 11/12/2020
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