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PROPERTY INFO
FACTS
- Single Family
- Built In 1980
- Price/Sqft : $253.79
- 4 Days on Market
- MLS # : PW21003977
- Updated Date : 01/07/2021 at 18:12
CONSTRUCTION
- Beds : 3
- Floor Size : 1,911 sqft
- Baths : 2 full , 1 half
Listing Agent
T.n.g. Real Estate Consultants
Listing Agent's Description
Beautiful Home in the city of Jurupa Valley! Step inside to the formal living and dining room with vaulted ceilings. As you make your way into the kitchen you will see the green backyard from window above sink. The kitchen comes with stainless steel appliances and leads into family room. The family room has a gorgeous stone fireplace and sliding glass door to backyard. When you make your way up the extra wide staircase you will find 3 bedrooms and 2 full baths. You will not be disappointed with the larger Master shower! The backyard has a great covered patio and plenty of grass for activities. This home also comes with a water softener, washer and dryer! The 3 car garage with direct access into home, gives you the perfect amount of space for storage and parking.
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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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Pedley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,250 |
| EXPENSES | Loan Payment | -$1,685 |
| Property Tax | -$459 | |
| Property Insurance | -$73 | |
| Property Management Fees | -$133 | |
|
CASH FLOW
-$100
|
||
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.
$485,000
PROJECTED PRICE
$2,250
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$134,275
LOAN DETAILS
$1,685
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $121,250 |
| Loan Amount | $363,750 |
4.42
YEARS SAVED
$21,143
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,250
LIST RENT -
$1.18
LIST RENT PER SQFT
-
$2,279
COMP ESTIMATED VALUE -
$1.19
COMP AVG. RENT PER SQFT
Comps Range
-
8306 Yearling Way Riverside, CA 5
- 3 beds 3 baths ∙ 1,911 Sqft ∙ Built 1980 3 beds 3 baths ∙ 1,911 Sqft ∙ Built 1980
![property image]()
- Rent
- Rent Per SQFT
- $2,250
- $1.18
-
6307 Heatherwood Drive Riverside, CA 1
- 3 beds 2 baths ∙ 1,655 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,655 Sqft ∙ Built 1985
![property image]()
LEASED 07/30/20- Rent
- Rent Per SQFT
- $1,950
- $1.18
-
7813 Green Crest Court Jurupa Valley, CA 2
- 4 beds 3 baths ∙ 1,800 Sqft ∙ Built 1991 4 beds 3 baths ∙ 1,800 Sqft ∙ Built 1991
![property image]()
LEASED 03/30/20- Rent
- Rent Per SQFT
- $2,000
- $1.11
-
8000 Paisano Way Riverside, CA 3
- 3 beds 2 baths ∙ 1,709 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,709 Sqft ∙ Built 1977
![property image]()
LEASED 10/01/19- Rent
- Rent Per SQFT
- $2,100
- $1.23
-
5671 Northwood Drive Jurupa Valley, CA 4
- 4 beds 3 baths ∙ 1,725 Sqft ∙ Built 1984 4 beds 3 baths ∙ 1,725 Sqft ∙ Built 1984
![property image]()
LEASED 09/09/19- Rent
- Rent Per SQFT
- $2,150
- $1.25
PROPERTY LISTING DETAILS
T.n.g. Real Estate Consultants
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: PW21003977
Last Updated: 01/07/2021
