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6990 Pheasant Run Circle Jurupa Valley, CA 92509

3 Beds 1 Baths 1,133 sqft Built 1991

$450,000

List Price

$1,920

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $397.18
  • 2 Days on Market
  • MLS # : PW21017473
  • Updated Date : 02/13/2021 at 09:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,133 sqft
  • Baths : 1 full
Listing Agent

First Team Real Estate

Listing Agent's Description

Welcome to Jurupa Valley, Riverside. This 3 bedroom, 2 bathroom single story home has a lot to offer. Cul-de-sac corner location with a huge RV parking and has a pool. Vaulted ceilings, wood shutters, wood tile flooring, laminate flooring, and carpet, floor to ceiling mirror closet doors in bedrooms. Master bedroom with slider door to the back yard. Newer AC unit and furnace, 2 car garage with direct access. Backyard with covered patio with recessed lighting. Big 18' x 33' x 52" above ground pool, and a storage shed on side of house. Huge RV parking on side of the garage with plenty of parking space. Less then 5 minutes away from 60 freeway. Just minutes from Downtown Riverside, University of Riverside & Riverside Community College. Very nice and well established neighborhood. This home has lots of potential! Should have pictures 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 $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
Mission Middle School Middle Regular 868 32 2
Rubidoux High School High Regular 1,629 67 4
Mission Middle School Middle Unknown NA

Mission Middle School

  • Education Level: Middle
  • # of students: 868
  • # of teachers: 32
2
GreatSchools Rating

Rubidoux High School

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

Mission Middle School

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

$405,000$495,000$450,000

PURCHASE PRICE

$1,728$2,112$1,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,920
EXPENSES Loan Payment -$1,563
Property Tax -$427
Property Insurance -$55
Property Management Fees -$113
CASH FLOW
-$238

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.

$450,000

PROJECTED PRICE

$1,920

PROJECTED RENT

0.43%

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

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$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,563

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$9,575

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,920

    LIST RENT
  • $1.69

    LIST RENT PER SQFT
  • $1,671

    COMP ESTIMATED VALUE
  • $1.48

    COMP AVG. RENT PER SQFT
Comps Range
$1,920
1$1,9202$1,9453$1,975
$1,975
RENT COMPS ANALYSIS
  • 6990 Pheasant Run Circle Jurupa Valley, CA 1
    • 3 beds 1 baths ∙ 1,133 Sqft ∙ Built 1991 3 beds 1 baths ∙ 1,133 Sqft ∙ Built 1991
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,920
    • $1.69
    •  
  • 6565 Huntsman Street Jurupa Valley, CA 2
    • 3 beds 2 baths ∙ 1,294 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,294 Sqft ∙ Built 1990
    property image
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,945
    • $1.50
    •  
  • 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
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $1.45
    •  
PROPERTY LISTING DETAILS
Marie Decoste
First Team Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21017473
Last Updated: 02/13/2021
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