Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

14346 Settlers Ridge Court Eastvale, CA 92880

4 Beds 3 Baths 2,802 sqft Built 2007

INVESTimate

$645,000

List Price

$2,720

$2,470 - $2,970

Rent Est.

$680,282  ( +5.47%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2007
  • Price/Sqft : $230.19
  • 10 Days on Market
  • MLS # : DW20166460
  • Updated Date : 08/25/2020 at 14:18
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,802 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Pacific Estates La Mirada

Listing Agent's Description

Wow! Gorgeous 2-story home features an open floor plan with 4 bedrooms and a huge loft upstairs. Welcoming front porch leads into the open living-dining area. Large tile flooring laid in a diamond pattern carries through the hallway and into the gourmet kitchen. The open concept kitchen has granite counter tops with a back splash, black appliances, large eat-at center island, walk-in pantry, recessed lighting and plenty of cabinet storage space. The oversized family room that overlooks the backyard and has a fireplace is perfect for family gatherings. Downstairs laundry room has a utility sink. All 4 bedrooms are on the second level. Double door entrance into the master suite with a walk-in closet, and features a master bathroom with dual vanities, separate bathtub and walk-in shower. Plantation shutters, traditional open rail stair case, and camber top panel doors, are found throughout the home. Backyard has block wall fencing for added privacy, covered patio, stack stone retaining wall, pavers, large decorative concrete area, lush green grass area, and palm trees. Conveniently located near the 71,91, and 15 freeways for ease of commuting options.

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
Rosa Parks Elementary School Primary Regular 1,677 57 7
Augustine Ramirez Intermediate School Middle Regular 1,117 38 7
Eleanor Roosevelt High School High Regular 3,868 134 8

Rosa Parks Elementary School

  • Education Level: Primary
  • # of students: 1,677
  • # of teachers: 57
7
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
 

$580,500$709,500$645,000

PURCHASE PRICE

$2,448$2,992$2,720

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$1.8M

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$1.8M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,720
EXPENSES Loan Payment -$2,380
Property Tax -$618
Property Insurance -$95
Property Management Fees -$160
CASH FLOW
-$533

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.

$645,000

PROJECTED PRICE

$2,720

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$176,675

INVESTMENT

$176,675

Down Payment
$161,250
Rehab Estimate
$5,750
Closing Costs
$9,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,380

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $161,250
Loan Amount $483,750
See What Happens When You Reinvest Cash Flow

1.75

YEARS SAVED

$8,954

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,720

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $2,802

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$2,650
1$2,6502$2,7003$2,7204$2,7505$2,800
$2,800
RENT COMPS ANALYSIS
  • 14346 Settlers Ridge Court Eastvale, 3
    • 4 beds 3 baths ∙ 2,802 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,802 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $2,720
    • $0.97
    •  
  • 14602 Symphony Drive Eastvale, 1
    • 4 beds 4 baths ∙ 2,655 Sqft ∙ Built 2015 4 beds 4 baths ∙ 2,655 Sqft ∙ Built 2015
    LEASED 11/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.00
    •  
  • 6803 Stillbrook Way Eastvale, 2
    • 4 beds 3 baths ∙ 2,694 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,694 Sqft ∙ Built 2013
    LEASED 12/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.00
    •  
  • 14434 Symphony Drive Eastvale, 4
    • 4 beds 4 baths ∙ 2,655 Sqft ∙ Built 2014 4 beds 4 baths ∙ 2,655 Sqft ∙ Built 2014
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.04
    •  
  • 6526 Prelude Street Eastvale, 5
    • 4 beds 4 baths ∙ 2,925 Sqft ∙ Built 2016 4 beds 4 baths ∙ 2,925 Sqft ∙ Built 2016
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.96
    •  
PROPERTY LISTING DETAILS
Joseph Murnik
Keller Williams Pacific Estates La Mirada
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: DW20166460
Last Updated: 08/25/2020
BESbswy