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7720 Naomi Street Jurupa Valley, CA 92509

3 Beds 3 Baths 2,625 sqft Built 2015

$579,900

List Price

$2,800

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $220.91
  • 4 Days on Market
  • MLS # : WS21034714
  • Updated Date : 02/18/2021 at 22:44
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,625 sqft
  • Baths : 3 full
Listing Agent

Re/max 2000 Realty

Listing Agent's Description

WELCOME HOME! This gorgeous single story home built in 2015 is just what you have been looking for! Located on a corner lot of 7405 sqft. Inside you will be impressed with the very open & bright floorplan of 2625 sqft. It features 3 bedrooms and 3 baths. The kitchen features granite counters, huge island and food pantry. The kitchen opens into the family room where a great spot for relaxing after a hard day! An open den can be easily converted to the 4th bedroom. Separate living room is great for family entertainment, watching TV, playing games or being an office. The master bedroom is complete with a Walk-In Closet, window blinds and connected to the Master bathrooms with dual sinks and step in shower. A Lovely Home ready for you!!!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Glen Avon

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $116k470k

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

Neighborhood: Glen Avon

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
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
 

$521,910$637,890$579,900

PURCHASE PRICE

$2,520$3,080$2,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,800
EXPENSES Loan Payment -$2,014
Property Tax -$547
Property Insurance -$91
Property Management Fees -$165
CASH FLOW
-$17

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.

$579,900

PROJECTED PRICE

$2,800

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.76%
Appreciation Year (1-5) 8.6%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$159,424

INVESTMENT

$159,424

Down Payment
$144,975
Rehab Estimate
$5,750
Closing Costs
$8,699

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$2,014

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $144,975
Loan Amount $434,925
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$34,272

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,800

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $2,861

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,8003$2,8004$3,200
$3,200
RENT COMPS ANALYSIS
  • 7720 Naomi Street Jurupa Valley, CA 3
    • 3 beds 3 baths ∙ 2,625 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,625 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.07
    •  
  • 6840 Sunsight Way Riverside, CA 1
    • 4 beds 2 baths ∙ 2,319 Sqft ∙ Built 2016 4 beds 2 baths ∙ 2,319 Sqft ∙ Built 2016
    LEASED 02/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.08
    •  
  • 4463 Bethel Road Jurupa Valley, CA 2
    • 4 beds 3 baths ∙ 2,522 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,522 Sqft ∙ Built 2015
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.11
    •  
  • 7181 Almandine Way Jurupa Valley, CA 4
    • 4 beds 4 baths ∙ 2,959 Sqft ∙ Built 2017 4 beds 4 baths ∙ 2,959 Sqft ∙ Built 2017
    LEASED 04/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.08
    •  
PROPERTY LISTING DETAILS
Danlin Bi
Re/max 2000 Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: WS21034714
Last Updated: 02/18/2021
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