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5940 Maybrook Circle Riverside, CA 92506

3 Beds 2 Baths 1,736 sqft Built 1976

$449,000

List Price

$2,360

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

January 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1976
  • Price/Sqft : $258.64
  • 6 Days on Market
  • MLS # : IV21013993
  • Updated Date : 01/28/2021 at 08:02
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,736 sqft
  • Baths : 2 full
Listing Agent

Realty Executives/riverside

Listing Agent's Description

Lovely Single story home at the desirable Villa Victoria community. This 3 bedroom 2 bath home offers a large living room with vaulted ceiling and cozy fireplace….separate dining room with bay window seat ….Kitchen open to the Family Room, eat-in-space area, wet bar and dual pane slider to backyard patio and yard area. The master bedroom has two walk-in closets and dual pane slider to side patio and yard area. Master Bath has a vanity and two separate sink areas…separate shower and walk-in Jacuzzi tub…Skylites in hall and baths…beautiful shutters thruout….Washer, dryer and refrigerator included. Good sized yard area with sprinklers and block wall fencing. Some of the many amenities include park, tennis court, heated pool and spa, clubhouse, RV storage and walking paths. Front yard landscaping is maintained by the Association. Conveniently located near shopping, 91 Freeway and Historic Victoria Avenue.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 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
Gage Middle School Middle Regular 1,004 40 4
Poly High School High Regular 2,777 106 6

Gage Middle School

  • Education Level: Middle
  • # of students: 1,004
  • # of teachers: 40
4
GreatSchools Rating

Poly High School

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

$404,100$493,900$449,000

PURCHASE PRICE

$2,124$2,596$2,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,360
EXPENSES Loan Payment -$1,560
Property Tax -$434
Property Insurance -$69
HOA -$244
Property Management Fees -$139
CASH FLOW
-$86

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.

$449,000

PROJECTED PRICE

$2,360

PROJECTED RENT

0.53%

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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$124,735

INVESTMENT

$124,735

Down Payment
$112,250
Rehab Estimate
$5,750
Closing Costs
$6,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,560

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,250
Loan Amount $336,750
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$18,748

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,360

    LIST RENT
  • $1.36

    LIST RENT PER SQFT
  • $2,361

    COMP ESTIMATED VALUE
  • $1.36

    COMP AVG. RENT PER SQFT
Comps Range
$2,295
1$2,2952$2,3603$2,4454$2,5005$2,650
$2,650
RENT COMPS ANALYSIS
  • 5940 Maybrook Circle Riverside, CA 2
    • 3 beds 2 baths ∙ 1,736 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,736 Sqft ∙ Built 1976
    • Rent
    • Rent Per SQFT
    •  
    • $2,360
    • $1.36
    •  
  • 5371 Velo Court Riverside, CA 1
    • 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
    •  
  • 2686 Hampton Way Riverside, CA 3
    • 3 beds 2 baths ∙ 1,750 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,750 Sqft ∙ Built 1985
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,445
    • $1.40
    •  
  • 2932 Mary Street Riverside, CA 4
    • 3 beds 2 baths ∙ 1,828 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,828 Sqft ∙ Built 1977
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.37
    •  
  • 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
Charles Bohling
Realty Executives/riverside
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV21013993
Last Updated: 01/28/2021
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