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PROPERTY INFO
FACTS
- Single Family
- Built In 2019
- Price/Sqft : $285.09
- 3 Days on Market
- MLS # : NP20248079
- Updated Date : 12/04/2020 at 21:57
CONSTRUCTION
- Beds : 4
- Floor Size : 1,985 sqft
- Baths : 3 full
Listing Agent
Four Sail Realty
Listing Agent's Description
Gorgeous less then a year old Eastvale home. Two stories with four bedrooms and three full baths. One bedroom down stairs with full bathroom right outside the door. Perfect for an in-law bedroom. Upstairs there is a large master suite with soaking tub and separate shower, and a huge walk-in closet. Two more bedrooms, another full bathroom, a sitting area, and separate laundry room complete the upstairs living area. The downstairs living room, dining room and kitchen area are all open to each other with amazing natural light. The kitchen is a chefs dream with plenty of storage space and a large pantry. Brand new flooring completes the downstairs living area. The exterior is low maintenance with concrete in the back yard. The front yard is irrigated and barked. Just Waiting for your personal touch. There is solar on the roof to help keep those utility bills down.
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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: Jurupa Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Jurupa Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,420 |
| EXPENSES | Loan Payment | -$2,088 |
| Property Tax | -$535 | |
| Property Insurance | -$75 | |
| HOA | -$107 | |
| Property Management Fees | -$143 | |
|
CASH FLOW
-$528
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 8% of earned rent to cover both maintenance and periods of vacancy.
$565,900
PROJECTED PRICE
$2,420
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.76% |
| Appreciation Year (1-5) | 7.9% |
| Maintenance Year (1-5) | 3.00% |
| Vacancy | 5.41% |
| 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
$151,964
LOAN DETAILS
$2,088
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $141,475 |
| Loan Amount | $424,425 |
1.25
YEARS SAVED
$4,131
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 -
$1.22
LIST RENT PER SQFT
-
$2,397
COMP ESTIMATED VALUE -
$1.21
COMP AVG. RENT PER SQFT
Comps Range
-
4783 Vanderham Way Eastvale, CA 2
- 4 beds 3 baths ∙ 1,985 Sqft ∙ Built 2019 4 beds 3 baths ∙ 1,985 Sqft ∙ Built 2019
- Rent
- Rent Per SQFT
- $2,420
- $1.22
-
3227 S Edenglen Paseo Ontario, CA 1
- 3 beds 2 baths ∙ 1,772 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,772 Sqft ∙ Built 2013
LEASED 06/24/19- Rent
- Rent Per SQFT
- $2,200
- $1.24
-
5623 Skimmer Drive Jurupa Valley, CA 3
- 4 beds 3 baths ∙ 2,273 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,273 Sqft ∙ Built 2017
LEASED 02/13/20- Rent
- Rent Per SQFT
- $2,500
- $1.10
-
11059 Wheatfield Ct Jurupa Valley, CA 4
- 4 beds 3 baths ∙ 1,948 Sqft ∙ Built 2019 4 beds 3 baths ∙ 1,948 Sqft ∙ Built 2019
LEASED 07/28/19- Rent
- Rent Per SQFT
- $2,500
- $1.28
-
11067 Longfield Lane Jurupa Valley, CA 5
- 4 beds 3 baths ∙ 2,071 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,071 Sqft ∙ Built 2018
LEASED 08/22/20- Rent
- Rent Per SQFT
- $2,500
- $1.21
PROPERTY LISTING DETAILS
Four Sail Realty
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: NP20248079
Last Updated: 12/04/2020
