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PROPERTY INFO
FACTS
- Single Family
- Built In 1980
- Price/Sqft : $252.29
- 5 Days on Market
- MLS # : IG20246695
- Updated Date : 11/26/2020 at 10:36
CONSTRUCTION
- Beds : 4
- Floor Size : 2,180 sqft
- Baths : 3 full
Listing Agent
Reliance Real Estate Services
Listing Agent's Description
NO HOA* LOW TAXES* TURN KEY* INDIAN HILLS GOLF COURSE VIEWS* DOUBLE MASTER BEDROOMS* ONE STORY* LARGE COY POND W/ WATERFALLS & TWINKLING LIGHTS AT NIGHT* 2 DRIVEWAYS* RV PARKING* GOLF COURSE ACCESS -4th GREEN/ 5th TEE* NEW WINDOWS* NEW WOOD LAMINATE FLOORING* PLANTATION SHUTTERS* 2 HALO WATER PURIFICATION SYSTEMS- Servicing the entire home* INDOOR LAUNDRY ROOM* BLACK OUT BLINDS* ARTIFICIAL TURF* SOLAR LEASE- 22 Panels-approx. $147 a month- Sun Power- Buyer to assume the solar lease* TIERED BACKYARD LANDSCAPED W/ WALKING PATHS* What a treat! This turn key, beautiful home is a rare find and it’s ready for it’s new owner! Hurry, this property will not last long!
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MARKET HIGHLIGHTS
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Rubidoux
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Rubidoux
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $2,240 |
EXPENSES | Loan Payment | -$2,029 |
Property Tax | -$512 | |
Property Insurance | -$80 | |
Property Management Fees | -$132 | |
CASH FLOW
-$513
|
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.
$550,000
PROJECTED PRICE
$2,240
PROJECTED RENT
0.41%
PROJECTED RENT / PRICE RATIO
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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$151,500
LOAN DETAILS
$2,029
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $137,500 |
Loan Amount | $412,500 |
1.33
YEARS SAVED
$4,477
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,240
LIST RENT -
$1.03
LIST RENT PER SQFT
-
$2,333
COMP ESTIMATED VALUE -
$1.07
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
Reliance Real Estate Services
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: IG20246695
Last Updated: 11/26/2020