OFF_MARKETRisky Deal126 days on market

7073 New Mexico Dr

7073 New Mexico Dr, Riverside, CA 92506, Riverside, CA 92506
$505,000
Zestimate®:$498,900

Listing Price

Property image 1
7073 New Mexico Dr, Riverside, CA 92506
Loc: Riverside, CA
Days Listed
126
Tax Assessed
$631k
Zestimate®
$499k
Market Rate
Lot Size
6,098 sqft
Rent Estimate
$3,026/mo
Est. Cash Flow base
Type
single family

More Than Just a Property

We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.

4.9
Safety Score
A+
Schools

Nearby Schools

Educational options and performance ratings in the area.

3

Washington Elementary School

K-6
0.5 mi away
5

Matthew Gage Middle School

7-8
0.8 mi away
4

Arlington High School

9-12
2.5 mi away

Property Overview

A stunning investment opportunity in a prime location. This property features modern amenities, spacious living areas, and strong rental potential.

Features & Amenities

Open Floor PlanHardwood FloorsModern KitchenStainless Steel AppliancesCentral Heat/AirLarge BackyardParkingNear Transit

Haven AI Verdict

Recommendation
Pending...
Confidence Score: 0/10
Exercise caution due to potential market volatility.
Cap Rate
4.49%
Total ROI
12.1%
Cash Flow
$-663/mo
DSCR
0.74
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Data provided by Haven AI. Disclaimer

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10-Year Price Projection

Price & Tax History

Price History

DateEventPricePrice/sqft
2024-10-21Sold$619,000$558
2024-09-26Pending sale$619,900$558
2024-09-12Price change$619,900$558
2024-09-03Listed for sale$629,900$567
2024-09-03Pending sale$629,900$567
2015-02-18Listing removed$1,650$1
2015-02-16Listed for rent$1,650$1
2015-01-30Sold$255,000$230
2015-01-17Listed for sale$270,000$243

Tax History

YearProperty TaxTax Assessment
2026$0$631,380
2025$6,935.3$619,000
2024$3,354.3$300,454
2023$3,339.8$294,564
2022$3,278.68$288,789
2021$3,242.38$283,127
2020$3,218.08$280,225
2019$3,158.04$274,731
2018$3,097.04$269,345
2017$3,042.52$264,064
2016$3,042.52$258,888
2015$1,872.92$174,531
2014$1,853.54$171,114
2013$0$170,343
2012$0$161,000
2011$0$163,729
2010$0$162,507
2009$0$162,895
2008$0$159,702
2007$0$156,572
2006$0$153,502
2005$0$150,493
2003$0$144,840
2002$0$120,666
2001$1,155.68$110,000
2000$1,106.46$105,000
Nathaniel Pitchon-Getzels Logo
Getzels Group
Haven Team
CalRE #01884947
Call / Text
818.535.5337

Property Specs

Beds
3
Baths
2
Sq Ft
1,110
Institutional Underwriting Ledger

Investment Numbers & Operating Model

Standardized cash flow underwriting modeled with state tax schedules, regional insurance hazard risk, and disciplined operating reserves.

Data Sources:MLS List Price: $505,000Rent Basis: Observed Comp Model ($3,026/mo)State Tax Benchmark: 0.75% (CA)Hazard Reserve: $253/mo
Haven ScoreRisky
0/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)
4.00%

NOI: $20,189/yr

Cash-on-Cash Yield
-9.7%

On $116,150 invested

DSCR Ratio
0.64x

Negative debt coverage

5-Yr Leveraged ROI
+45.7%

Equity + cumulative cash

Financing Scenario Controls
Adjust down payment & rates to model your personalized return

Monthly Cash Flow Breakdown

Monthly Operating Deductions
Property Taxes (0.75% of basis)-$395/mo
Homeowner / Hazard Insurance-$253/mo
Vacancy Reserve (5% of rent)-$151/mo
Repairs & Maintenance (10% of rent)-$303/mo
Property Management (8% of rent)-$242/mo
Total Pure Operating Expenses-$1,344/mo
Net Investor Cash Flow
Gross Scheduled Rent+$3,026/mo
Less: Operating Expenses-$1,344/mo
Net Operating Income (NOI)+$1,682/mo
Less: Debt Service (30yr @ 6.75%)-$2,620/mo
Net Cash Flow
$-938/mo
$-11,255/year
Underwrite with Acquisition CalculatorsTransfer this property's exact numbers into dedicated underwriting tools:

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