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5879 Sunset Ranch Drive Riverside, CA 92506

3 Beds 3 Baths 1,732 sqft Built 1984

$429,900

List Price

$2,230

$2K - $2.5K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $248.21
  • 3 Days on Market
  • MLS # : IV20254586
  • Updated Date : 12/11/2020 at 15:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,732 sqft
  • Baths : 2 full , 1 half
Listing Agent

Crest Sotheby's International Realty

Listing Agent's Description

Located behind the gates of the Crawford Country Estates private community you'll find this very nice 3 bedroom 2.5 bathroom 1,732 sf residence. The home is located on the highly sought after west side of the association where you'll enjoy quiet sunsets without other residences backing up to the property. As you enter the double door entry you'll notice the high vaulted ceilings and natural lighting that flows down from high above. Just off the entry you'll pass the living room with dining room to the left and then on to the kitchen that's open to the family room with cozy fireplace. Upstairs there's 3 bedrooms including a roomy master, 2 updated bathrooms including the master bathroom with his and hers sinks. This move in ready home has beautiful vinyl flooring, granite counters in the bathrooms, dual pane windows, ceiling fans and recessed lighting. Enjoy peaceful afternoons out back on the covered lattice patio with plenty of shade from mature trees. Crawford Country Estates is known for its beautiful grounds and quiet community, the HOA also offers limited community RV parking. Conveniently located to shopping, entertainment and freeways come see this exceptional home!

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Victoria

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $144k584k

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

Neighborhood: Victoria

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q210001200140016001800200022002400Rent in $9672496

* 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
Alcott Elementary School Primary Regular 772 31 5
Alcott Elementary School Middle Regular 772 31 5
Poly High School High Regular 2,777 106 6

Alcott Elementary School

  • Education Level: Primary
  • # of students: 772
  • # of teachers: 31
5
GreatSchools Rating

Alcott Elementary School

  • Education Level: Middle
  • # of students: 772
  • # of teachers: 31
5
GreatSchools Rating

Poly High School

  • Education Level: High
  • # of students: 2,777
  • # of teachers: 106
6
GreatSchools Rating
 

$386,910$472,890$429,900

PURCHASE PRICE

$2,007$2,453$2,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,230
EXPENSES Loan Payment -$1,586
Property Tax -$416
Property Insurance -$69
HOA -$365
Property Management Fees -$132
CASH FLOW
-$338

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.

$429,900

PROJECTED PRICE

$2,230

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 9.6%
Maintenance Year (1-5) 8.00%
Vacancy 5.35%
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$119,674

INVESTMENT

$119,674

Down Payment
$107,475
Rehab Estimate
$5,750
Closing Costs
$6,449

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,586

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $107,475
Loan Amount $322,425
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$4,624

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,230

    LIST RENT
  • $1.29

    LIST RENT PER SQFT
  • $2,239

    COMP ESTIMATED VALUE
  • $1.29

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2003$2,2304$2,2955$2,650
$2,650
RENT COMPS ANALYSIS
  • 5879 Sunset Ranch Drive Riverside, CA 3
    • 3 beds 3 baths ∙ 1,732 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,732 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $2,230
    • $1.29
    •  
  • 2258 El Capitan Drive Riverside, CA 1
    • 3 beds 3 baths ∙ 1,789 Sqft ∙ Built 1972 3 beds 3 baths ∙ 1,789 Sqft ∙ Built 1972
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.23
    •  
  • 2201 Trafalgar Avenue Riverside, CA 2
    • 4 beds 2 baths ∙ 1,728 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,728 Sqft ∙ Built 1978
    LEASED 06/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.27
    •  
  • 5371 Velo Court Riverside, CA 4
    • 3 beds 2 baths ∙ 1,775 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,775 Sqft ∙ Built 1985
    LEASED 03/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.29
    •  
  • 1560 Country Club Drive Riverside, CA 5
    • 3 beds 2 baths ∙ 1,923 Sqft ∙ Built 1967 3 beds 2 baths ∙ 1,923 Sqft ∙ Built 1967
    LEASED 12/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.38
    •  
PROPERTY LISTING DETAILS
Robert Murray
Crest Sotheby's International Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV20254586
Last Updated: 12/11/2020
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