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11096 Longfield Lane Eastvale, CA 91752

3 Beds 3 Baths 1,826 sqft Built 2018

INVESTimate

$525,000

List Price

$2,230

$2,007 - $2,453

Rent Est.

$566,580  ( +7.92%)   1 YR EST. FORECAST

PROPERTY INFO

August 19, 2020 RECENTLY ADDED
FACTS
  • Built In 2018
  • Price/Sqft : $287.51
  • 8 Days on Market
  • MLS # : AR20169861
  • Updated Date : 08/19/2020 at 15:36
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,826 sqft
  • Baths : 2 full , 1 half
Listing Agent

Your Home Sold Guaranteed Realty

Listing Agent's Description

Absolutely charming & ready to move in. Extensive Shopping, services and dining just few minutes away.

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: Jurupa Valley

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700kPrice in $116k728k

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

Neighborhood: Jurupa Valley

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2100012001400160018002000220024002600Rent in $9112730

* 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
Sky Country Elementary School Primary Regular 658 24 4
Sky Country Elementary School Middle Regular 658 24 4
Jurupa Valley High School High Regular 1,608 65 4

Sky Country Elementary School

  • Education Level: Primary
  • # of students: 658
  • # of teachers: 24
4
GreatSchools Rating

Sky Country Elementary School

  • Education Level: Middle
  • # of students: 658
  • # of teachers: 24
4
GreatSchools Rating

Jurupa Valley High School

  • Education Level: High
  • # of students: 1,608
  • # of teachers: 65
4
GreatSchools Rating
 

$472,500$577,500$525,000

PURCHASE PRICE

$2,007$2,453$2,230

RENT

DOWN PAYMENT
FINANCING

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$10k

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,230
EXPENSES Loan Payment -$1,937
Property Tax -$496
Property Insurance -$71
HOA -$109
Property Management Fees -$132
CASH FLOW
-$515

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.

$525,000

PROJECTED PRICE

$2,230

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.76%
Appreciation Year (1-5) 7.92%
Maintenance Year (1-5) 8.00%
Vacancy 5.41%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$144,875

INVESTMENT

$144,875

Down Payment
$131,250
Rehab Estimate
$5,750
Closing Costs
$7,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,937

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $131,250
Loan Amount $393,750
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$2,913

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,230

    LIST RENT
  • $1.22

    LIST RENT PER SQFT
  • $2,241

    COMP ESTIMATED VALUE
  • $1.23

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2303$2,3504$2,4505$2,500
$2,500
RENT COMPS ANALYSIS
  • 11096 Longfield Lane Eastvale, 2
    • 3 beds 3 baths ∙ 1,826 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,826 Sqft ∙ Built 2018
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,230
    • $1.22
    •  
  • 3227 S Edenglen Paseo Ontario, 1
    • 3 beds 2 baths ∙ 1,772 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,772 Sqft ∙ Built 2013
    property image
    LEASED 06/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.24
    •  
  • 3200 S Edenglen Avenue Ontario, 3
    • 3 beds 3 baths ∙ 1,968 Sqft ∙ Built 2009 3 beds 3 baths ∙ 1,968 Sqft ∙ Built 2009
    property image
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.19
    •  
  • 3223 S Edenglen Avenue Ontario, 4
    • 3 beds 3 baths ∙ 2,040 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,040 Sqft ∙ Built 2013
    property image
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.20
    •  
  • 11059 Wheatfield Ct Jurupa Valley, 5
    • 4 beds 3 baths ∙ 1,948 Sqft ∙ Built 2019 4 beds 3 baths ∙ 1,948 Sqft ∙ Built 2019
    property image
    LEASED 07/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.28
    •  
PROPERTY LISTING DETAILS
Qi Lee
Your Home Sold Guaranteed Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: AR20169861
Last Updated: 08/19/2020
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