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PROPERTY INFO
FACTS
- Single Family
- Built In 2015
- Price/Sqft : $273.23
- 19 Days on Market
- MLS # : WS21136726
- Updated Date : 07/11/2021 at 11:11
CONSTRUCTION
- Beds : 4
- Floor Size : 2,690 sqft
- Baths : 3 full , 1 half
Listing Agent
Keller Williams Signature Rlty
Listing Agent's Description
Located in the highly desirable Symphony At the Trails community, your beautiful and immaculate home features 4 over-sized bedrooms and 3.5 baths. Entering your new home, you'll find a large living room which conveniently opens up to a large and spacious dining room. You'll enjoy cooking your favorite meals in your gorgeous and upgraded kitchen that offers newer cabinetry and granite countertops, an oversized island with a breakfast bar, walk-in pantry, stainless steel appliances, and recessed lighting. Continue throughout the home and you'll find a large family room with a beautiful fireplace to enjoy with your family and friends. Next, head upstairs and you will arrive at your 2 masters suites and 2 more spacious bedrooms with walk-in closets and ceiling fans. Start and end your day in your luxurious master bedroom which features dual large walk-in closets, dual vanities, a soaking tub and separate shower. All baths have been upgraded with quartz countertops and cabinetry. Individual laundry room upstairs has plenty of cabinetry for storage and a sink for convenience. Enter and exit your home safely and securely through an attached 2 car garage with a tankless water heater. Entertain Family and Friends to make memories in your generous-sized backyard. Enjoy the convenience of the nearby parks, schools, restaurants, shopping centers, and easy access nearby major freeways of 60/71/15 FWYs. This truly move-in ready home is a must see for everyone, and likely won't last. Come and see the home 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Eastvale
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,950 |
| EXPENSES | Loan Payment | -$2,553 |
| Property Tax | -$890 | |
| Property Insurance | -$92 | |
| HOA | -$55 | |
| Property Management Fees | -$174 | |
|
CASH FLOW
-$814
|
||
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.
$735,000
PROJECTED PRICE
$2,950
PROJECTED RENT
0.40%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$200,525
LOAN DETAILS
$2,553
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $183,750 |
| Loan Amount | $551,250 |
0.42
YEARS SAVED
$1,002
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,950
LIST RENT -
$1.1
LIST RENT PER SQFT
-
$2,966
COMP ESTIMATED VALUE -
$1.1
COMP AVG. RENT PER SQFT
Comps Range
-
14221 Legato Court Eastvale, CA 3
- 4 beds 4 baths ∙ 2,690 Sqft ∙ Built 2015 4 beds 4 baths ∙ 2,690 Sqft ∙ Built 2015
- Rent
- Rent Per SQFT
- $2,950
- $1.10
-
13631 Northlands Road Eastvale, CA 1
- 5 beds 3 baths ∙ 2,762 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,762 Sqft ∙ Built 2004
LEASED 01/11/21- Rent
- Rent Per SQFT
- $2,900
- $1.05
-
6584 Cadenza Drive Eastvale, CA 2
- 4 beds 4 baths ∙ 2,694 Sqft ∙ Built 2015 4 beds 4 baths ∙ 2,694 Sqft ∙ Built 2015
LEASED 12/29/20- Rent
- Rent Per SQFT
- $2,900
- $1.08
-
6422 Arcadia Street Eastvale, CA 4
- 4 beds 4 baths ∙ 2,889 Sqft ∙ Built 2005 4 beds 4 baths ∙ 2,889 Sqft ∙ Built 2005
LEASED 06/07/21- Rent
- Rent Per SQFT
- $3,200
- $1.11
-
6302 Micah Street Eastvale, CA 5
- 5 beds 2 baths ∙ 2,810 Sqft ∙ Built 2004 5 beds 2 baths ∙ 2,810 Sqft ∙ Built 2004
LEASED 09/08/20- Rent
- Rent Per SQFT
- $3,300
- $1.17
PROPERTY LISTING DETAILS
Keller Williams Signature Rlty
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: WS21136726
Last Updated: 07/11/2021
