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8268 Whispering Tree Drive Jurupa Valley, CA 92509

3 Beds 3 Baths 1,784 sqft Built 1978

$475,000

List Price

$2,290

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

November 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $266.26
  • 5 Days on Market
  • MLS # : AR20234118
  • Updated Date : 11/11/2020 at 09:59
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,784 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Elite Realty

Listing Agent's Description

Welcome to 8268 Whispering Tree Drive, in the City of Jurupa Valley. Nestled in a Nice Neighborhood of Jurupa Valley this Home is Perfect for a Starting Family or a Retired Couple seeking a Lifestyle of Harmony and Tranquility. Features Include, 3 Bedrooms, 2.5 Bathrooms, a 1,784 Sq. Ft. of Interior Living Space, a 6,970 Sq. Ft. Lot with a Beautiful View of the Neighborhood from the Backyard, a 3 Car Attached Garage, RV Parking, and was Built in 1978. Enter Through the Home to be Greeted by an Open Concept Combination Dining Room and Living Room with Carpet Flooring and High Ceilings. The Kitchen has been Remodeled with Granite Countertops and is Equipped with, Black Appliances, Including Kenmore Dishwasher, GE 5 Burner Gas Stove, and Whirlpool Microwave Built-In Over the Stove. Across the Kitchen, there is a Family Room with a Gas Fireplace and Sliding Door that Leads to the Backyard.There is a Wide Stairway that Leads to All Bedrooms on the 2nd Floor. Enjoy a Bright and Open Master Suite with Plantation Shutters and a Spacious Master Bath and Walk-In Closet. Additional Features Include, Water Softener, Home Central Vacuum System, and Drip Sprinkler System Both in Front and Back Yards.

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: Pedley

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $116k483k

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

Neighborhood: Pedley

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
Camino Real Elementary School Primary Regular 789 31 6
Camino Real Elementary School Middle Regular 789 31 6
Patriot High School High Regular 2,094 82 6

Camino Real Elementary School

  • Education Level: Primary
  • # of students: 789
  • # of teachers: 31
6
GreatSchools Rating

Camino Real Elementary School

  • Education Level: Middle
  • # of students: 789
  • # of teachers: 31
6
GreatSchools Rating

Patriot High School

  • Education Level: High
  • # of students: 2,094
  • # of teachers: 82
6
GreatSchools Rating
 

$427,500$522,500$475,000

PURCHASE PRICE

$2,061$2,519$2,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,290
EXPENSES Loan Payment -$1,753
Property Tax -$442
Property Insurance -$70
Property Management Fees -$135
CASH FLOW
-$110

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.

$475,000

PROJECTED PRICE

$2,290

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.76%
Appreciation Year (1-5) 7.8%
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$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$131,625

INVESTMENT

$131,625

Down Payment
$118,750
Rehab Estimate
$5,750
Closing Costs
$7,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,753

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $118,750
Loan Amount $356,250
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$25,173

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,290

    LIST RENT
  • $1.28

    LIST RENT PER SQFT
  • $2,315

    COMP ESTIMATED VALUE
  • $1.3

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,1503$2,1954$2,2905$2,350
$2,350
RENT COMPS ANALYSIS
  • 8268 Whispering Tree Drive Jurupa Valley, CA 4
    • 3 beds 3 baths ∙ 1,784 Sqft ∙ Built 1978 3 beds 3 baths ∙ 1,784 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $2,290
    • $1.28
    •  
  • 6307 Heatherwood Drive Riverside, CA 1
    • 3 beds 2 baths ∙ 1,655 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,655 Sqft ∙ Built 1985
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.18
    •  
  • 5671 Northwood Drive Jurupa Valley, CA 2
    • 4 beds 3 baths ∙ 1,725 Sqft ∙ Built 1984 4 beds 3 baths ∙ 1,725 Sqft ∙ Built 1984
    LEASED 09/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.25
    •  
  • 6146 Jennifer Lane Riverside, CA 3
    • 3 beds 3 baths ∙ 1,608 Sqft ∙ Built 1983 3 beds 3 baths ∙ 1,608 Sqft ∙ Built 1983
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.37
    •  
  • 8071 Townsend Drive Jurupa Valley, CA 5
    • 3 beds 3 baths ∙ 1,688 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,688 Sqft ∙ Built 1985
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.39
    •  
PROPERTY LISTING DETAILS
Erika Shinzato
Re/max Elite Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: AR20234118
Last Updated: 11/11/2020
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