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6336 Avenue De Palma Jurupa Valley, CA 92509

4 Beds 2 Baths 1,444 sqft Built 1964

$474,900

List Price

$2,110

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

November 15, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1964
  • Price/Sqft : $328.88
  • 2 Days on Market
  • MLS # : CV20240178
  • Updated Date : 11/14/2020 at 21:25
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,444 sqft
  • Baths : 2 full
Listing Agent

Movoto, Inc.

Listing Agent's Description

Don't just stop the car, come in and take a look. This stunning home will WOW all buyers starting with the panoramic view of the city and mountains. Practically a new built with spacious floor plan. New gorgeous kitchen with all custom, soft close, cabinets and drawers. Four roomy bedrooms, two of which have customized closets. Splendid two bathrooms, one in the main bedroom. The entire house has a perfect flow and feel to it. Additional features are: Covered Patio; Newer double pane energy efficient windows; New AC; New Roof; Upgraded electrical 250 AMP panel; Tankless water heater; LED Recess lighting; Nest camera; New sprinkler system with Drip in front yard (professionally landscaped); Newer copper piping. Additional photos coming soon.

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 $116k470k

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

Neighborhood: Rubidoux

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q210001100120013001400150016001700180019002000210022002300Rent in $9112366

* 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
Pacific Avenue Elementary School Primary Regular 347 19 5
Pacific Avenue Elementary School Middle Regular 347 19 5
Rubidoux High School High Regular 1,629 67 4

Pacific Avenue Elementary School

  • Education Level: Primary
  • # of students: 347
  • # of teachers: 19
5
GreatSchools Rating

Pacific Avenue Elementary School

  • Education Level: Middle
  • # of students: 347
  • # of teachers: 19
5
GreatSchools Rating

Rubidoux High School

  • Education Level: High
  • # of students: 1,629
  • # of teachers: 67
4
GreatSchools Rating
 

$427,410$522,390$474,900

PURCHASE PRICE

$1,899$2,321$2,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,110
EXPENSES Loan Payment -$1,752
Property Tax -$451
Property Insurance -$62
Property Management Fees -$124
CASH FLOW
-$279

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.

$474,900

PROJECTED PRICE

$2,110

PROJECTED RENT

0.44%

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$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$131,599

INVESTMENT

$131,599

Down Payment
$118,725
Rehab Estimate
$5,750
Closing Costs
$7,124

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,752

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $118,725
Loan Amount $356,175
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$11,806

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,110

    LIST RENT
  • $1.46

    LIST RENT PER SQFT
  • $2,079

    COMP ESTIMATED VALUE
  • $1.44

    COMP AVG. RENT PER SQFT
Comps Range
$1,975
1$1,9752$2,1103$2,1954$2,400
$2,400
RENT COMPS ANALYSIS
  • 6336 Avenue De Palma Jurupa Valley, CA 2
    • 4 beds 2 baths ∙ 1,444 Sqft ∙ Built 1964 4 beds 2 baths ∙ 1,444 Sqft ∙ Built 1964
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,110
    • $1.46
    •  
  • 6155 Avenue Juan Diaz Riverside, CA 1
    • 3 beds 2 baths ∙ 1,363 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,363 Sqft ∙ Built 1973
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $1.45
    •  
  • 6146 Jennifer Lane Riverside, CA 3
    • 3 beds 3 baths ∙ 1,608 Sqft ∙ Built 1983 3 beds 3 baths ∙ 1,608 Sqft ∙ Built 1983
    property image
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.37
    •  
  • 6880 Abel Stearns Avenue Riverside, CA 4
    • 4 beds 2 baths ∙ 1,600 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,600 Sqft ∙ Built 1973
    property image
    LEASED 05/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.50
    •  
PROPERTY LISTING DETAILS
Yesenia Sanchez
Movoto, Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20240178
Last Updated: 11/14/2020
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