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6172 Avenue Juan Diaz Jurupa Valley, CA 92509

3 Beds 2 Baths 1,363 sqft Built 1973

$319,500

List Price

$1,860

$1.7K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $234.41
  • 2 Days on Market
  • MLS # : IV21052776
  • Updated Date : 03/13/2021 at 10:54
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,363 sqft
  • Baths : 2 full
Listing Agent

Shepherd Realty Group

Listing Agent's Description

"Diamond in the Rough". Yes, that means it need cosmetic face lift... needs deep cleaning, needs carpet, needs paint throughout. BUT... Beautiful view of the Jurupa Hills Golf Course & Country Club with a great location on the 15th tee. Hiking trails along the Santa Ana River located just behind the golf course. Community amenities feature a pool and tennis courts. This single-story townhome features 3 bedrooms & 2 full bathrooms, which includes master suite complete with mirrored wardrobe doors. New HVAC (central air/heating), ceramic tile floors, granite kitchen counter tops, stainless steel range/oven. Spacious patio overlooks the golf course, with shady pine trees, lush grass and shaded pathways. There is also indoor laundry. Best price in area, reflects condition.

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: 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
Jurupa Middle School Middle Regular 1,236 47 5
Patriot High School High Regular 2,094 82 6
Jurupa Middle School Middle Unknown NA

Jurupa Middle School

  • Education Level: Middle
  • # of students: 1,236
  • # of teachers: 47
5
GreatSchools Rating

Patriot High School

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

Jurupa Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$287,550$351,450$319,500

PURCHASE PRICE

$1,674$2,046$1,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,860
EXPENSES Loan Payment -$1,110
Property Tax -$303
Property Insurance -$60
HOA -$270
Property Management Fees -$110
CASH FLOW
$7

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.

$319,500

PROJECTED PRICE

$1,860

PROJECTED RENT

0.58%

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,418

INVESTMENT

$90,418

Down Payment
$79,875
Rehab Estimate
$5,750
Closing Costs
$4,793

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,110

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $79,875
Loan Amount $239,625
See What Happens When You Reinvest Cash Flow

5

YEARS SAVED

$16,566

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,860

    LIST RENT
  • $1.36

    LIST RENT PER SQFT
  • $1,888

    COMP ESTIMATED VALUE
  • $1.39

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,8603$1,9754$2,1505$2,195
$2,195
RENT COMPS ANALYSIS
  • 6172 Avenue Juan Diaz Jurupa Valley, CA 2
    • 3 beds 2 baths ∙ 1,363 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,363 Sqft ∙ Built 1973
    • Rent
    • Rent Per SQFT
    •  
    • $1,860
    • $1.36
    •  
  • 6200 Avenue Juan Diaz Riverside, CA 1
    • 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 1973
    LEASED 09/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.34
    •  
  • 6155 Avenue Juan Diaz Riverside, CA 3
    • 3 beds 2 baths ∙ 1,363 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,363 Sqft ∙ Built 1973
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $1.45
    •  
  • 6395 Thunder Bay Riverside, CA 4
    • 3 beds 3 baths ∙ 1,554 Sqft ∙ Built 1983 3 beds 3 baths ∙ 1,554 Sqft ∙ Built 1983
    LEASED 01/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.38
    •  
  • 6146 Jennifer Lane Riverside, CA 5
    • 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
    •  
PROPERTY LISTING DETAILS
Doug Shepherd
Shepherd Realty Group
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV21052776
Last Updated: 03/13/2021
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