8535 Paradise Valley Rd #40
SPRING VALLEY, CA
Property Report
Property Details
- Type
- RCON
- Bed
- 3
- Bath
- 3.5
- Units
- Bldgs
- Stories
- 3
- Parking
- 2
- Year Built
- 1989
- Zoning
- R1
- Lot Sqft (ac)
- (0.00)
- Bldg Sqft
- 1517
- Listing Price
- $219,900
Listing Information
- Listing Date
- 2008-11-10
- MLS
- SANDICOR - 080076362
- Listing Agent
- Christopher Townson
- Listing Office
- RE/MAX Associates
Comments
NO CONVENTIONAL LOAN WITH LESS THEN 10% DOWN. IF A VA OR FHA LOAN- BUYERS MUST SUBMIT WITH OFFER A LETTER SHOWING THE COMPLEX IS VA/FHA APPROVED. READ SUPPLEMENT TOO. OPPORTUNITY KNOCKS WITH THIS WELL PRICED PROPERTY. LARGE 3 BED, 2.5 BATH, FIREPLACE IN LIVING ROOM, BALCONY OFF MASTER & LIVING RM, COMMUNITY POOL/SPA, ATTACHED 2 CAR GARAGE, EASY ACCESS TO FREEWAYS. SEE SUPPLEMENT...
Pictures
This information is provided by SANDICOR, Inc. Information deemed reliable but not guaranteed. Listing information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. © 2008 SANDICOR, Inc. All rights reserved. Listings last updated: 2009-01-08 12:01:05.
Legal Description
- Parcel Number
- 5861701840
- Description
- US 40PER DOC87-678636&UND INT IN LOT 1 TR 9995
- Subdivision
- CO SD TR 3922
Source: Public Records
Active & Recently Sold Comparables
Found 11 active comparable properties within a 1.5 mile radius, displaying top 5
| Address | Distance |
|---|---|
| 8755 Spring | 0.3683 |
| 2406 Manzana | 0.7223 |
| 2488 Manzana | 0.7252 |
| 2216 Manzana | 0.7966 |
| 2227 Manzana | 0.8187 |
Found 1 sold comparable properties within a 1.5 mile radius
| Address | Distance |
|---|---|
| 1127 MANZANA | 0.9152 |
Rental comparables
| Source | Accuracy | Low | Median | High | # of Comparables | More info |
|---|---|---|---|---|---|---|
| Rentometer | Census Tract | $1,700 | $1,850 | $1,850 | 26 | Comparables Report |
| HUD FMR | Statistical Area (CBSA) | $1,976 | Not applicable | HUD FMR Information |
Investment Summary
This investment summary assumes a 30-year fixed loan, 20% down, 7% APR. It uses operating assumptions of 10% management fees, 9% vacancy allotment, 3% repairs. This investment summary assumes that rents increase each year by 5%. This property would need to be purchased for $249,900 in order to generate a break-even cashflow based on prevaliing market rents.
| 1 Year | 2 Year | 3 Year | 4 Year | 5 Year | |
|---|---|---|---|---|---|
| Break-even Purchase Price | $249,900 | ||||
| Rents | $22,200 |
$25,587 |
$24,354 |
$25,660 |
$27,467 |
| Cashflow Before Taxes | $-2,257 |
$385 |
$-578 |
$442 |
$1,851 |
| Cash-on-Cash Return | -4.52% |
0.77% |
-1.16% |
0.88% |
3.70% |
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