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7320 Percheron Avenue Riverside, CA 92509

4 Beds 3 Baths 2,076 sqft Built 1984

$504,900

List Price

$2,230

$2K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $243.21
  • 9 Days on Market
  • MLS # : CV21034532
  • Updated Date : 02/22/2021 at 12:29
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,076 sqft
  • Baths : 2 full , 1 half
Listing Agent

Jamil Alam, Broker

Listing Agent's Description

Two story, brick accented 4 br, 2.5 bath that sits on a large lot - nestled in a hilly area of riverside, close to Indian Hills Golf Club. Covered front porch, double door door entry, with home having a mix of wood flooring in common areas, new paint, new carpet on stairs, upstairs halls & in bedrooms. Tile flooring in kitchen & baths. Half a bath downstairs with all bedrooms upstairs. Master bedroom has its own bathroom, with dual sinks. 2-car attached garage, with a covered patio out back. The hard to find, near 3/4 acre lot is surrounded by hills, has amazing views, and is located close to the 60 fwy, but also the 91 & 15 fwy.

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
 

$454,410$555,390$504,900

PURCHASE PRICE

$2,007$2,453$2,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,230
EXPENSES Loan Payment -$1,754
Property Tax -$478
Property Insurance -$77
Property Management Fees -$132
CASH FLOW
-$210

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.

$504,900

PROJECTED PRICE

$2,230

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$139,549

INVESTMENT

$139,549

Down Payment
$126,225
Rehab Estimate
$5,750
Closing Costs
$7,574

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,754

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $126,225
Loan Amount $378,675
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$14,210

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,230

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $2,214

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$2,230
1$2,2302$2,2503$2,4504$2,500
$2,500
RENT COMPS ANALYSIS
  • 7320 Percheron Avenue Riverside, CA 1
    • 4 beds 3 baths ∙ 2,076 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,076 Sqft ∙ Built 1984
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,230
    • $1.07
    •  
  • 7921 Paisano Way Jurupa Valley, CA 2
    • 4 beds 3 baths ∙ 2,121 Sqft ∙ Built 1966 4 beds 3 baths ∙ 2,121 Sqft ∙ Built 1966
    property image
    LEASED 02/03/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.06
    •  
  • 6800 Abel Stearns Avenue Riverside, CA 3
    • 4 beds 3 baths ∙ 2,314 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,314 Sqft ∙ Built 2004
    property image
    LEASED 11/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.06
    •  
  • 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
John Santana
Jamil Alam, Broker
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21034532
Last Updated: 02/22/2021
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