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12809 Thornbury Lane Eastvale, CA 92880

4 Beds 3 Baths 2,486 sqft Built 2006

INVESTimate

$599,000

List Price

$2,540

$2,290 - $2,790

Rent Est.

$631,765  ( +5.47%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2006
  • Price/Sqft : $240.95
  • 10 Days on Market
  • MLS # : IG20168112
  • Updated Date : 08/22/2020 at 21:53
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,486 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

Eastvale one story, great location less than a mile from Silver Lakes Equestrian and Sports Park. 4 Bedrooms, 3 Baths, 2486 Sq/Ft, 20" Tile Flooring, Plantation Shutters, Formal Living & Dining Rooms, Island Kitchen, Granit Counters, Mosaic Back Splash, Maple Cabinets, Cook Top Stove, Pantry, Under Cabinet Accent Lights, Spacious Family Room, Ceiling Fan, Fireplace & Entertainment Niche. Master Bedroom, Walk-In Closet, Private Rear Yard, Allum-Wood Lattice Patio Cover, Dog Run and 3 Car Tandem Garage. Built in 2006, Low Taxes and NO HOA!!!

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
Eastvale Elementary School Primary Regular 1,396 49 9
Eastvale Elementary School Middle Regular 1,396 49 9
Eleanor Roosevelt High School High Regular 3,868 134 8

Eastvale Elementary School

  • Education Level: Primary
  • # of students: 1,396
  • # of teachers: 49
9
GreatSchools Rating

Eastvale Elementary School

  • Education Level: Middle
  • # of students: 1,396
  • # of teachers: 49
9
GreatSchools Rating

Eleanor Roosevelt High School

  • Education Level: High
  • # of students: 3,868
  • # of teachers: 134
8
GreatSchools Rating
 

$539,100$658,900$599,000

PURCHASE PRICE

$2,286$2,794$2,540

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$15k

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 $2,540
EXPENSES Loan Payment -$2,210
Property Tax -$574
Property Insurance -$87
Property Management Fees -$150
CASH FLOW
-$481

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.

$599,000

PROJECTED PRICE

$2,540

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$164,485

INVESTMENT

$164,485

Down Payment
$149,750
Rehab Estimate
$5,750
Closing Costs
$8,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,210

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $149,750
Loan Amount $449,250
See What Happens When You Reinvest Cash Flow

1.92

YEARS SAVED

$8,959

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,540

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $2,554

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,5403$2,6004$2,6505$2,700
$2,700
RENT COMPS ANALYSIS
  • 12809 Thornbury Lane Eastvale, 2
    • 4 beds 3 baths ∙ 2,486 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,486 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,540
    • $1.02
    •  
  • 12827 Luna Street Eastvale, 1
    • 4 beds 3 baths ∙ 2,531 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,531 Sqft ∙ Built 2015
    LEASED 01/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.99
    •  
  • 7114 Beckett Field Lane Eastvale, 3
    • 4 beds 3 baths ∙ 2,634 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,634 Sqft ∙ Built 2015
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.99
    •  
  • 12828 Meridian Street Eastvale, 4
    • 4 beds 3 baths ∙ 2,507 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,507 Sqft ∙ Built 2016
    LEASED 10/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.06
    •  
  • 12817 Meridian St Eastvale, 5
    • 4 beds 3 baths ∙ 2,523 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,523 Sqft ∙ Built 2017
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.07
    •  
PROPERTY LISTING DETAILS
John Simcoe
Keller Williams Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IG20168112
Last Updated: 08/22/2020
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