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14960 Roundwood Drive Eastvale, CA 92880

3 Beds 2 Baths 1,631 sqft Built 2010

$575,000

List Price

$2,240

$2K - $2.5K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2010
  • Price/Sqft : $352.54
  • 4 Days on Market
  • MLS # : IV20264783
  • Updated Date : 01/01/2021 at 20:54
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,631 sqft
  • Baths : 2 full
Listing Agent

Founders Alliance Real Estate

Listing Agent's Description

You will love this delightful 1 story home in the heart of Eastvale. This 3 bedrooms, 2 bath pool home offers an open floorplan excellent for large families. Imagine cuddling up to a cozy fireplace with a good book or virtual learning or enjoying the hot summer days in a great pool and spa. All of this situated in a convenient, friendly neighborhood with outstanding schools and shopping.

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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
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
 

$517,500$632,500$575,000

PURCHASE PRICE

$2,016$2,464$2,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,240
EXPENSES Loan Payment -$2,122
Property Tax -$551
Property Insurance -$67
HOA -$58
Property Management Fees -$132
CASH FLOW
-$689

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.

$575,000

PROJECTED PRICE

$2,240

PROJECTED RENT

0.39%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$158,125

INVESTMENT

$158,125

Down Payment
$143,750
Rehab Estimate
$5,750
Closing Costs
$8,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,122

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $143,750
Loan Amount $431,250
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,017

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,240

    LIST RENT
  • $1.37

    LIST RENT PER SQFT
  • $2,271

    COMP ESTIMATED VALUE
  • $1.39

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2403$2,2954$2,4005$2,460
$2,460
RENT COMPS ANALYSIS
  • 14960 Roundwood Drive Eastvale, CA 2
    • 3 beds 2 baths ∙ 1,631 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,631 Sqft ∙ Built 2010
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,240
    • $1.37
    •  
  • 8547 Founders Grove Street Chino, CA 1
    • 3 beds 3 baths ∙ 1,610 Sqft ∙ Built 2016 3 beds 3 baths ∙ 1,610 Sqft ∙ Built 2016
    property image
    LEASED 01/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.37
    •  
  • 8419 E Preserve Chino, CA 3
    • 3 beds 3 baths ∙ 1,666 Sqft ∙ Built 2009 3 beds 3 baths ∙ 1,666 Sqft ∙ Built 2009
    property image
    LEASED 01/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.38
    •  
  • 8723 Celebration Street Chino, CA 4
    • 4 beds 3 baths ∙ 1,631 Sqft ∙ Built 2018 4 beds 3 baths ∙ 1,631 Sqft ∙ Built 2018
    property image
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.47
    •  
  • 16138 Huckleberry Ave Chino, CA 5
    • 3 beds 3 baths ∙ 1,823 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,823 Sqft ∙ Built 2018
    property image
    LEASED 08/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,460
    • $1.35
    •  
PROPERTY LISTING DETAILS
Norma Jones
Founders Alliance Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV20264783
Last Updated: 01/01/2021
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