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7437 Sebastian Avenue Jurupa Valley, CA 92509

4 Beds 2 Baths 2,364 sqft Built 1963

$505,900

List Price

$2,530

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

December 08, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1963
  • Price/Sqft : $214.00
  • 6 Days on Market
  • MLS # : IG20253796
  • Updated Date : 12/09/2020 at 13:50
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,364 sqft
  • Baths : 2 full
Listing Agent

Century 21 Gold

Listing Agent's Description

SINGLE STORY RANCH POOL HOME WITH 4 BEDROOMS, 2 BATHROOMS IN JURUPA VALLEY. HOME HAS UPDATED KITCHEN WITH QUARTZ COUNTERTOPS, WHITE CABINETS AND STAINLESS STEEL APPLIANCES, LARGE ISLAND WITH EXTRA STORAGE AND SEATING. KITCHEN WITH DINE IN AREA AS WELL. OPEN HAS AN OPEN FLOORPLAN FAMILY ROOM AND KITCHEN ATTACHED. BOTH BATHROOMS HAVE BEEN UPDATED WITH NEW TILE FLOORS, CABINETS AND SHOWER TILE AND MORE. 4 LARGE BEDROOMS HOME HAS TILE AND LAMINATE FLOORS. POOL WITH GRASS AREA AND A PATIO WITH LATTICE COVER. LOT IS ROUGHLY .25+ ACRES. RV PARKING AVAVILABLE AS WELL. HOME IS LOCATED AT THE END OF A CUL-DE-SAC

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MARKET HIGHLIGHTS

  • 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.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Jurupa Hills

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $141k484k

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

Neighborhood: Jurupa Hills

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2100011001200130014001500160017001800190020002100Rent in $9052101

* 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
Jurupa Middle School Middle Regular 1,236 47 5
Patriot High School High Regular 2,094 82 6

Pacific Avenue Elementary School

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

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
 

$455,310$556,490$505,900

PURCHASE PRICE

$2,277$2,783$2,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,530
EXPENSES Loan Payment -$1,867
Property Tax -$480
Property Insurance -$84
Property Management Fees -$149
CASH FLOW
-$50

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.

$505,900

PROJECTED PRICE

$2,530

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 8.8%
Maintenance Year (1-5) 8.00%
Vacancy 5.43%
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$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

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$139,814

INVESTMENT

$139,814

Down Payment
$126,475
Rehab Estimate
$5,750
Closing Costs
$7,589

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,867

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $126,475
Loan Amount $379,425
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$34,903

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,530

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $2,474

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,5003$2,5304$2,550
$2,550
RENT COMPS ANALYSIS
  • 7437 Sebastian Avenue Jurupa Valley, CA 3
    • 4 beds 2 baths ∙ 2,364 Sqft ∙ Built 1963 4 beds 2 baths ∙ 2,364 Sqft ∙ Built 1963
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,530
    • $1.07
    •  
  • 7161 Alviso Avenue Riverside, CA 1
    • 3 beds 3 baths ∙ 2,653 Sqft ∙ Built 1963 3 beds 3 baths ∙ 2,653 Sqft ∙ Built 1963
    property image
    LEASED 01/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.94
    •  
  • 5926 Avenue Juan Bautista Jurupa Valley, CA 2
    • 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
    •  
  • 5616 Jurupa Avenue Riverside, CA 4
    • 3 beds 1 baths ∙ 2,268 Sqft ∙ Built 1957 3 beds 1 baths ∙ 2,268 Sqft ∙ Built 1957
    property image
    LEASED 03/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.12
    •  
PROPERTY LISTING DETAILS
Donna Chudzicki
Century 21 Gold
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IG20253796
Last Updated: 12/09/2020
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