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PROPERTY INFO
FACTS
- Single Family
- Built In 1979
- Price/Sqft : $220.59
- 4 Days on Market
- MLS # : CV20243045
- Updated Date : 11/19/2020 at 11:13
CONSTRUCTION
- Beds : 4
- Floor Size : 2,176 sqft
- Baths : 2 full
Listing Agent
Realty Masters & Associates
Listing Agent's Description
Just listed! Spacious two story home with four good size bedrooms, Large master suite with balcony overlooking your backyard. Formal living room and dining room. Large separate family room with fireplace and wet bar. Large kitchen with stainless steel appliances, breakfast nook which opens up to your family room. Kitchen has lots of cabinets for storage and counter to space to work on. Large indoor laundry room. Features brand new dual pane windows, ceiling fans. Three car garage and RV parking on the side of the home. Looking for a large back yard you have found it. Features a huge patio with patio cover, in ground spa with a cover over it. Fruit trees and very private. Great location close to shopping and easy access to the freeway. Low tax rate and no HOA. fees. Seller has no contingencies can do a fast escrow. See the 3D virtual tour online very easy to view.
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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: Pedley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Pedley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,160 |
| EXPENSES | Loan Payment | -$1,771 |
| Property Tax | -$446 | |
| Property Insurance | -$80 | |
| Property Management Fees | -$127 | |
|
CASH FLOW
-$265
|
||
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.
$480,000
PROJECTED PRICE
$2,160
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$132,950
LOAN DETAILS
$1,771
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $120,000 |
| Loan Amount | $360,000 |
2.92
YEARS SAVED
$13,126
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,160
LIST RENT -
$0.99
LIST RENT PER SQFT
-
$2,328
COMP ESTIMATED VALUE -
$1.07
COMP AVG. RENT PER SQFT
Comps Range
-
5901 Palencia Drive Jurupa Valley, CA 2
- 4 beds 2 baths ∙ 2,176 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,176 Sqft ∙ Built 1979
![property image]()
- Rent
- Rent Per SQFT
- $2,160
- $0.99
-
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
-
8440 Brookfield Drive Riverside, CA 3
- 5 beds 2 baths ∙ 1,992 Sqft ∙ Built 1980 5 beds 2 baths ∙ 1,992 Sqft ∙ Built 1980
![property image]()
LEASED 08/19/19- Rent
- Rent Per SQFT
- $2,300
- $1.15
-
5926 Avenue Juan Bautista Jurupa Valley, CA 4
- 3 beds 2 baths ∙ 2,320 Sqft ∙ Built 1967 3 beds 2 baths ∙ 2,320 Sqft ∙ Built 1967
![property image]()
LEASED 07/26/20- Rent
- Rent Per SQFT
- $2,500
- $1.08
PROPERTY LISTING DETAILS
Realty Masters & Associates
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: CV20243045
Last Updated: 11/19/2020
