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12447 Glory Drive Eastvale, CA 91752

4 Beds 3 Baths 2,995 sqft Built 2006

$649,900

List Price

$2,740

$2.5K - $3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $216.99
  • 5 Days on Market
  • MLS # : CV21050848
  • Updated Date : 03/13/2021 at 20:09
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,995 sqft
  • Baths : 3 full
Listing Agent

Century 21 King

Listing Agent's Description

Beautiful 5 Bedrooms and 3 baths home with a Very Open & Bright Floor Plan features a large formal living & dining room, Huge chef's dream kitchen with loads of cabinets, Newer kitchen upgrades with tile flooring, quartz counters, custom back splash & recessed lights throughout, open family room with cozy fireplace. There is 1 bedroom & bath on main floor, plantation shutter throughout newer tile flooring throughout the first floor, second floor offers 4 large bedrooms with an additional loft/Den area. Large master bedroom with a nice size master bath with dual sink, sunken tub, oversize shower and walk in closet. Step out to a spacious block wall fenced in backyard, What a great home for BBQ's and parties with friends to gather and enjoy. Close to Shopping, Schools, Parks and transportation COME AND SEE THIS GREAT OPPORTUNITY !! IT WILL NOT LAST !!

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: 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
 

$584,910$714,890$649,900

PURCHASE PRICE

$2,466$3,014$2,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,740
EXPENSES Loan Payment -$2,257
Property Tax -$614
Property Insurance -$100
Property Management Fees -$162
CASH FLOW
-$393

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.

$649,900

PROJECTED PRICE

$2,740

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 5.5%
Maintenance Year (1-5) 8.00%
Vacancy 5.35%
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$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$177,974

INVESTMENT

$177,974

Down Payment
$162,475
Rehab Estimate
$5,750
Closing Costs
$9,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,257

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $162,475
Loan Amount $487,425
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$12,449

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,740

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $2,883

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$2,7003$2,7404$2,8005$2,850
$2,850
RENT COMPS ANALYSIS
  • 12447 Glory Drive Eastvale, CA 3
    • 4 beds 3 baths ∙ 2,995 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,995 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,740
    • $0.91
    •  
  • 5599 Skimmer Drive Jurupa Valley, CA 1
    • 5 beds 4 baths ∙ 2,816 Sqft ∙ Built 2017 5 beds 4 baths ∙ 2,816 Sqft ∙ Built 2017
    LEASED 05/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.96
    •  
  • 5606 Lark Sparrow Court Jurupa Valley, CA 2
    • 5 beds 4 baths ∙ 2,816 Sqft ∙ Built 2017 5 beds 4 baths ∙ 2,816 Sqft ∙ Built 2017
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.96
    •  
  • 12485 Trinity Drive Eastvale, CA 4
    • 4 beds 3 baths ∙ 2,828 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,828 Sqft ∙ Built 2007
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.99
    •  
  • 12617 Bridgewater Drive Eastvale, CA 5
    • 4 beds 3 baths ∙ 3,043 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,043 Sqft ∙ Built 2003
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.94
    •  
PROPERTY LISTING DETAILS
Ricardo Acevedo
Century 21 King
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21050848
Last Updated: 03/13/2021
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