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14458 Rylee Drive Eastvale, CA 92880

4 Beds 3 Baths 1,895 sqft Built 2011

INVESTimate

$515,000

List Price

$2,420

$2,178 - $2,662

Rent Est.

$543,171  ( +5.47%)   1 YR EST. FORECAST

PROPERTY INFO

August 26, 2020 RECENTLY ADDED
FACTS
  • Built In 2011
  • Price/Sqft : $271.77
  • 2 Days on Market
  • MLS # : IV20175173
  • Updated Date : 08/25/2020 at 21:03
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,895 sqft
  • Baths : 2 full , 1 half
Listing Agent

Jv Real Estate Services

Listing Agent's Description

Welcome to your future home in The Enclave, one of Eastvale's finest gated communities! Enjoy the open floor plan downstairs, half bath with direct access to garage and patio area. Upstairs you will find all 4 bedrooms, a cozy loft and your laundry! Private enclosed patio with yard access featuring water wise pavers and stone decor. Enjoy several parks in the community, a junior olympic pool with wading pool, community center and a walking trail all within the boundaries of award winning schools. You can also save money and stay cool during the summer months while enjoying the benefits of solar this home has to offer. This home also includes a RING home security system, nest thermostat, tankless water heater and much more! This home is a must see!

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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
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
 

$463,500$566,500$515,000

PURCHASE PRICE

$2,178$2,662$2,420

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

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,420
EXPENSES Loan Payment -$1,900
Property Tax -$623
Property Insurance -$73
HOA -$205
Property Management Fees -$143
CASH FLOW
-$524

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.

$515,000

PROJECTED PRICE

$2,420

PROJECTED RENT

0.47%

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$142,225

INVESTMENT

$142,225

Down Payment
$128,750
Rehab Estimate
$5,750
Closing Costs
$7,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,900

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $128,750
Loan Amount $386,250
See What Happens When You Reinvest Cash Flow

0.75

YEARS SAVED

$1,944

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,420

    LIST RENT
  • $1.28

    LIST RENT PER SQFT
  • $2,459

    COMP ESTIMATED VALUE
  • $1.3

    COMP AVG. RENT PER SQFT
Comps Range
$2,350
1$2,3502$2,4203$2,5004$2,5005$2,580
$2,580
RENT COMPS ANALYSIS
  • 14458 Rylee Drive Eastvale, 2
    • 4 beds 3 baths ∙ 1,895 Sqft ∙ Built 2011 4 beds 3 baths ∙ 1,895 Sqft ∙ Built 2011
    • Rent
    • Rent Per SQFT
    •  
    • $2,420
    • $1.28
    •  
  • 8754 Celebration St. Chino, 1
    • 3 beds 3 baths ∙ 1,838 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,838 Sqft ∙ Built 2018
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.28
    •  
  • 7204 Talasi Drive Eastvale, 3
    • 4 beds 3 baths ∙ 1,895 Sqft ∙ Built 2012 4 beds 3 baths ∙ 1,895 Sqft ∙ Built 2012
    LEASED 11/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.32
    •  
  • 14610 Serenade Drive Eastvale, 4
    • 4 beds 3 baths ∙ 1,895 Sqft ∙ Built 2014 4 beds 3 baths ∙ 1,895 Sqft ∙ Built 2014
    LEASED 10/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.32
    •  
  • 7591 Coralwood Court Eastvale, 5
    • 3 beds 3 baths ∙ 2,029 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,029 Sqft ∙ Built 2001
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,580
    • $1.27
    •  
PROPERTY LISTING DETAILS
Olivia Berger
Jv Real Estate Services
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV20175173
Last Updated: 08/25/2020
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