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13070 Lavonda Street Eastvale, CA 92880

4 Beds 3 Baths 1,965 sqft Built 2005

$688,000

List Price

$2,480

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $350.13
  • 2 Days on Market
  • MLS # : IG21151445
  • Updated Date : 07/12/2021 at 13:34
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,965 sqft
  • Baths : 3 full
Listing Agent

Provident Real Estate

Listing Agent's Description

Turnkey property located in the heart of Eastvale. Conveniently located near award winning schools, popular Eastvale shopping center and dining options, major freeways and MORE! This wonderful home offers nearly 2,000 square feet of living space including 4 bedrooms and 3 full bathrooms. One bedroom and full bathroom is located on the first floor, ideal for overnight guests. Upon entry you are greeted by wood flooring installed in all main living areas providing a uniform flow and easy maintenance. Fresh paint and carpet throughout and crown molding downstairs! Entertain with ease in this kitchen that opens up to the family room boasting a built-in entertainment niche and fireplace. The oversized kitchen has a walk-in pantry, dual ovens, a pots and pans rack, and plenty of cabinet space. Moving along upstairs you will find the master bedroom with a unique fireplace and showcasing a spacious en-suite with dual sinks, a deep soaking tub, a large walk-in shower, and walk-in master closet. There are ceiling fans installed in all bedrooms! The laundry room is conveniently located upstairs. The backyard offers plenty of space to add your special touch and an oversized patio cover with ceiling fans installed. NO HOA! Estimated tax rate is 1.5%. Scheudle your private showing today!

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MARKET HIGHLIGHTS

  • 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.
  • 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)

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
River Heights Intermediate School Middle Regular 1,052 37 7
Eleanor Roosevelt High School High Regular 3,868 134 8
River Heights Intermediate School Middle Unknown NA

River Heights Intermediate School

  • Education Level: Middle
  • # of students: 1,052
  • # of teachers: 37
7
GreatSchools Rating

Eleanor Roosevelt High School

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

River Heights Intermediate School

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

$619,200$756,800$688,000

PURCHASE PRICE

$2,232$2,728$2,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,480
EXPENSES Loan Payment -$2,390
Property Tax -$659
Property Insurance -$75
Property Management Fees -$146
CASH FLOW
-$789

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.

$688,000

PROJECTED PRICE

$2,480

PROJECTED RENT

0.36%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$188,070

INVESTMENT

$188,070

Down Payment
$172,000
Rehab Estimate
$5,750
Closing Costs
$10,320

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,390

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $172,000
Loan Amount $516,000
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$915

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,480

    LIST RENT
  • $1.26

    LIST RENT PER SQFT
  • $2,569

    COMP ESTIMATED VALUE
  • $1.31

    COMP AVG. RENT PER SQFT
Comps Range
$2,480
1$2,4802$2,5003$2,5954$2,6005$2,795
$2,795
RENT COMPS ANALYSIS
  • 13070 Lavonda Street Eastvale, CA 1
    • 4 beds 3 baths ∙ 1,965 Sqft ∙ Built 2005 4 beds 3 baths ∙ 1,965 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,480
    • $1.26
    •  
  • 5940 Silveira Street Eastvale, CA 2
    • 3 beds 3 baths ∙ 1,993 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,993 Sqft ∙ Built 2017
    LEASED 02/24/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.25
    •  
  • 5974 Silveria Street Eastvale, CA 3
    • 3 beds 3 baths ∙ 1,993 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,993 Sqft ∙ Built 2017
    LEASED 10/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $1.30
    •  
  • 13134 Snowdrop Street Eastvale, CA 4
    • 3 beds 3 baths ∙ 1,954 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,954 Sqft ∙ Built 2005
    LEASED 12/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.33
    •  
  • 12878 Merry Meadows Drive Eastvale, CA 5
    • 4 beds 2 baths ∙ 2,063 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,063 Sqft ∙ Built 2004
    LEASED 07/02/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $1.35
    •  
PROPERTY LISTING DETAILS
Ryan Mcginnis
Provident Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IG21151445
Last Updated: 07/12/2021
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