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8417 Brookfield Drive Jurupa Valley, CA 92509

3 Beds 2 Baths 1,502 sqft Built 1980

$540,000

List Price

$1,930

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $359.52
  • 5 Days on Market
  • MLS # : IG21016340
  • Updated Date : 01/29/2021 at 11:52
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,502 sqft
  • Baths : 2 full
Listing Agent

Remax One

Listing Agent's Description

Welcome to your lovely home located in the much desired city of Jurupa Valley. Within short proximity to the 60 freeway, local shopping centers, schools, parks, and much more, your home is commuter friendly. Not to mention, your neighborhood is pleasantly quiet and surrounds your home with friendly neighbors. Sitting on just over a 23,000sqft lot, this home offers RV parking, a 30x40 workshop, plenty of yard space for the kids to run around and kennels for your animals or livestock. Not to forget, the interior of the home is as immaculate as the backyard. Taking pride ownership in the home, sellers have maintained the home in mint condition. Offering 3 bedrooms, 2 bathrooms, and just over 1,500sqft, your home is ready for its new owners. Your home has been renovated throughout the years with beautiful light grey flooring and white baseboards. The kitchen has been tastefully renovated with newer cabinets and granite counter tops. Additionally, your kitchen offers a large bay window over the sink that gives you a perfect view of your oversized backyard which includes an alumawood patio that stretches from end to end, making it the perfect home to host your countless family gatherings with room to spare. Come take a look at your new home today!

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Pedley

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $116k484k

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

Neighborhood: Pedley

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2100011001200130014001500160017001800190020002100Rent in $9112178

* 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
 

$486,000$594,000$540,000

PURCHASE PRICE

$1,737$2,123$1,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,930
EXPENSES Loan Payment -$1,876
Property Tax -$502
Property Insurance -$64
Property Management Fees -$114
CASH FLOW
-$625

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.

$540,000

PROJECTED PRICE

$1,930

PROJECTED RENT

0.36%

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-$10k-$5.0k$0.0$5.0k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$148,850

INVESTMENT

$148,850

Down Payment
$135,000
Rehab Estimate
$5,750
Closing Costs
$8,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,876

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $135,000
Loan Amount $405,000
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$538

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,930

    LIST RENT
  • $1.28

    LIST RENT PER SQFT
  • $1,960

    COMP ESTIMATED VALUE
  • $1.31

    COMP AVG. RENT PER SQFT
Comps Range
$1,930
1$1,9302$2,1003$2,1504$2,1955$2,250
$2,250
RENT COMPS ANALYSIS
  • 8417 Brookfield Drive Jurupa Valley, CA 1
    • 3 beds 2 baths ∙ 1,502 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,502 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $1,930
    • $1.28
    •  
  • 8000 Paisano Way Riverside, CA 2
    • 3 beds 2 baths ∙ 1,709 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,709 Sqft ∙ Built 1977
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.23
    •  
  • 5671 Northwood Drive Jurupa Valley, CA 3
    • 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 4
    • 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
    •  
  • 9524 52nd Street Jurupa Valley, CA 5
    • 4 beds 2 baths ∙ 1,648 Sqft ∙ Built 1968 4 beds 2 baths ∙ 1,648 Sqft ∙ Built 1968
    LEASED 12/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.37
    •  
PROPERTY LISTING DETAILS
Juan Aguirre
Remax One
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IG21016340
Last Updated: 01/29/2021
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