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14038 Silent Stream Court Eastvale, CA 92880

4 Beds 3 Baths 2,705 sqft Built 2005

$649,900

List Price

$2,690

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $240.26
  • 3 Days on Market
  • MLS # : IV21014719
  • Updated Date : 01/22/2021 at 16:36
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,705 sqft
  • Baths : 2 full , 1 half
Listing Agent

Westcoe Realtors Inc

Listing Agent's Description

Welcome to this beautiful single-story home featuring 4 bedrooms, 2.5 bath and over 2,700 sqft, located in the heart of Eastvale. Upon entering, you will find a large living room/dining area with recessed lighting, wooden shutters and large tile flooring. Moving further inside, you'll see a sprawling kitchen/family room, plus a dedicated office or school space. The kitchen features granite countertops, a double oven, 5 burner stove, tons of counter space and cabinets, plus an island with sink and dishwasher, and separate pantry. The spacious owner's suite features wooden shutters, ceiling fan, two large walk-in closets, plus an attached bathroom with double sinks, vanity area, and separate tub & shower. Additionally, there are three more bedrooms, full bathroom with shower in tub, indoor laundry room, storage, guest half bath, plus 3-car garage. The landscaped backyard features stamped concrete, grass area, plus gas line for BBQ hookup. Do not miss out on the opportunity to live in this River Trail community, within the desirable Corona/Norco Unified School District, close to new shopping and restaurants, freeway access, and parks.

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

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
Ronald Reagan Elementary Primary Regular NA
Augustine Ramirez Intermediate School Middle Regular 1,117 38 7
Eleanor Roosevelt High School High Regular 3,868 134 8

Ronald Reagan Elementary

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

Augustine Ramirez Intermediate School

  • Education Level: Middle
  • # of students: 1,117
  • # of teachers: 38
7
GreatSchools Rating

Eleanor Roosevelt High School

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

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

PURCHASE PRICE

$2,421$2,959$2,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,690
EXPENSES Loan Payment -$2,257
Property Tax -$787
Property Insurance -$93
HOA -$16
Property Management Fees -$159
CASH FLOW
-$621

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

$2,690

PROJECTED RENT

0.41%

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

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 65% 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

1

YEARS SAVED

$2,654

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,690

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $2,982

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$2,690
1$2,6902$2,7003$2,7904$2,9005$3,300
$3,300
RENT COMPS ANALYSIS
  • 14038 Silent Stream Court Eastvale, CA 1
    • 4 beds 3 baths ∙ 2,705 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,705 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,690
    • $0.99
    •  
  • 14365 English Setter St Eastvale, CA 2
    • 4 beds 2 baths ∙ 2,559 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,559 Sqft ∙ Built 2006
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.06
    •  
  • 14161 Harvest Valley Avenue Eastvale, CA 3
    • 4 beds 3 baths ∙ 2,634 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,634 Sqft ∙ Built 2000
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,790
    • $1.06
    •  
  • 14117 Fairchild Drive Eastvale, CA 4
    • 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 2001
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.12
    •  
  • 13822 Dearborn Street Eastvale, CA 5
    • 5 beds 4 baths ∙ 2,825 Sqft ∙ Built 2005 5 beds 4 baths ∙ 2,825 Sqft ∙ Built 2005
    LEASED 09/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.17
    •  
PROPERTY LISTING DETAILS
Melissa Leininger
Westcoe Realtors Inc
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV21014719
Last Updated: 01/22/2021
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