Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

803 E Jackson Street Rialto, CA 92376

4 Beds 2 Baths 1,722 sqft Built 1986

INVESTimate

$419,000

List Price

$2,030

$1,827 - $2,233

Rent Est.

$456,920  ( +9.05%)   1 YR EST. FORECAST

PROPERTY INFO

August 26, 2020 RECENTLY ADDED
FACTS
  • Built In 1986
  • Price/Sqft : $243.32
  • 2 Days on Market
  • MLS # : CV20174265
  • Updated Date : 08/25/2020 at 21:38
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,722 sqft
  • Baths : 2 full
Listing Agent

Century 21 Primetime Realtors

Listing Agent's Description

Beautiful home situated at the end of the cul de sac. Home features new carpet, updated kitchen and bathrooms. Downstairs you’ll find one full bath and the 4th bedtroom. Fireplace in living room. Ceiling fans in dining room and eat-in kitchen. Automated sprinkler system both front and back yards, fully permitted covered patio and much more!

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: Rialto

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $116k459k

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

Neighborhood: Rialto

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q210001100120013001400150016001700180019002000Rent in $9112044

* 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
Bemis Elementary School Primary Regular 663 23 2
Frisbie Middle School Middle Regular 1,229 48 2
Eisenhower High School High Regular 2,456 99 4

Bemis Elementary School

  • Education Level: Primary
  • # of students: 663
  • # of teachers: 23
2
GreatSchools Rating

Frisbie Middle School

  • Education Level: Middle
  • # of students: 1,229
  • # of teachers: 48
2
GreatSchools Rating

Eisenhower High School

  • Education Level: High
  • # of students: 2,456
  • # of teachers: 99
4
GreatSchools Rating
 

$377,100$460,900$419,000

PURCHASE PRICE

$1,827$2,233$2,030

RENT

DOWN PAYMENT
FINANCING

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,030
EXPENSES Loan Payment -$1,546
Property Tax -$489
Property Insurance -$69
HOA -$66
Property Management Fees -$120
CASH FLOW
-$259

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.

$419,000

PROJECTED PRICE

$2,030

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.76%
Appreciation Year (1-5) 9.05%
Maintenance Year (1-5) 8.00%
Vacancy 5.41%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$116,785

INVESTMENT

$116,785

Down Payment
$104,750
Rehab Estimate
$5,750
Closing Costs
$6,285

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,546

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $104,750
Loan Amount $314,250
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$8,380

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,030

    LIST RENT
  • $1.18

    LIST RENT PER SQFT
  • $2,153

    COMP ESTIMATED VALUE
  • $1.25

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,9953$2,0304$2,1505$2,300
$2,300
RENT COMPS ANALYSIS
  • 803 E Jackson Street Rialto, 3
    • 4 beds 2 baths ∙ 1,722 Sqft ∙ Built 1986 4 beds 2 baths ∙ 1,722 Sqft ∙ Built 1986
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,030
    • $1.18
    •  
  • 172 W Walnut Avenue Rialto, 1
    • 3 beds 3 baths ∙ 1,462 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,462 Sqft ∙ Built 1987
    property image
    LEASED 08/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.20
    •  
  • 909 N Spruce Avenue Rialto, 2
    • 4 beds 2 baths ∙ 1,551 Sqft ∙ Built 1980 4 beds 2 baths ∙ 1,551 Sqft ∙ Built 1980
    property image
    LEASED 05/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.29
    •  
  • 652 N Birch Avenue Rialto, 4
    • 4 beds 3 baths ∙ 1,710 Sqft ∙ Built 1989 4 beds 3 baths ∙ 1,710 Sqft ∙ Built 1989
    property image
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.26
    •  
  • 746 N Lamarr Street Rialto, 5
    • 4 beds 3 baths ∙ 1,844 Sqft ∙ Built 1989 4 beds 3 baths ∙ 1,844 Sqft ∙ Built 1989
    property image
    LEASED 04/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.25
    •  
PROPERTY LISTING DETAILS
Gayle Johnson
Century 21 Primetime Realtors
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20174265
Last Updated: 08/25/2020
BESbswy