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12431 Glory Drive Eastvale, CA 91752

4 Beds 3 Baths 2,412 sqft Built 2006

INVESTimate

$549,888

List Price

$2,520

$2,270 - $2,770

Rent Est.

$579,967  ( +5.47%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $227.98
  • 3 Days on Market
  • MLS # : IV20169312
  • Updated Date : 08/24/2020 at 20:32
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,412 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty Norco

Listing Agent's Description

Your search ends HERE! This property is located in the Eastvale Estates Community. It is situated in a corner lot with minimal landscaping needs and offers many fruit trees like lemon, guava and orange tree. It is move-in ready condition with new carpet, new interior and exterior paint. This home features high cathedral ceiling with lots of natural lighting. Other features of this home are walk-in closets, laundry room, tandem area in garage, dual-paned windows, recessed lighting, dual sinks in the bathrooms. This home also comes with 30 solar panels perfect for cooling your home 24/7. The master bedroom is located downstairs. The kitchen is open to the family room and features many upgrades like granite counter tops, dual oven, kitchen island, gas stovetops, and recessed lights. The family room has laminate flooring and a fireplace perfect for cozy nights in. All bedrooms have brand new carpets. This home is a must see and will not last long! Schedule your private showing today. Virtual home tour is also available.

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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: Eastvale

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700kPrice in $149k728k

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

Neighborhood: Eastvale

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q212001400160018002000220024002600Rent in $10822743

* 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
Del Sol Academy Primary Regular NA
Del Sol Academy Middle Regular NA
Jurupa Valley High School High Regular 1,608 65 4

Del Sol Academy

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Del Sol Academy

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Jurupa Valley High School

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

$494,899$604,877$549,888

PURCHASE PRICE

$2,268$2,772$2,520

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-$5.0k$0.0$5.0k$10k$15k$20k

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 $2,520
EXPENSES Loan Payment -$2,029
Property Tax -$520
Property Insurance -$86
Property Management Fees -$149
CASH FLOW
-$263

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.

$549,888

PROJECTED PRICE

$2,520

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 5.47%
Maintenance Year (1-5) 8.00%
Vacancy 5.35%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,470

INVESTMENT

$151,470

Down Payment
$137,472
Rehab Estimate
$5,750
Closing Costs
$8,248

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,029

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $137,472
Loan Amount $412,416
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$19,300

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,520

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $2,617

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,5003$2,5004$2,5205$2,600
$2,600
RENT COMPS ANALYSIS
  • 12431 Glory Drive Eastvale, 4
    • 4 beds 3 baths ∙ 2,412 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,412 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,520
    • $1.04
    •  
  • 5946 Silveira Street Eastvale, 1
    • 3 beds 3 baths ∙ 2,232 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,232 Sqft ∙ Built 2017
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.08
    •  
  • 5658 Cambria Drive Eastvale, 2
    • 4 beds 3 baths ∙ 2,412 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,412 Sqft ∙ Built 2006
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.04
    •  
  • 5623 Skimmer Drive Jurupa Valley, 3
    • 4 beds 3 baths ∙ 2,273 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,273 Sqft ∙ Built 2017
    LEASED 02/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.10
    •  
  • 5879 Silveira Street Eastvale, 5
    • 4 beds 3 baths ∙ 2,325 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,325 Sqft ∙ Built 2017
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.12
    •  
PROPERTY LISTING DETAILS
William Hernandez
Keller Williams Realty Norco
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV20169312
Last Updated: 08/24/2020
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