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5585 Treasure Drive Eastvale, CA 91752

4 Beds 3 Baths 2,342 sqft Built 2007

$625,000

List Price

$2,560

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $266.87
  • 4 Days on Market
  • MLS # : CV21013821
  • Updated Date : 01/23/2021 at 14:03
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,342 sqft
  • Baths : 3 full
Listing Agent

Bmi Realty, Inc.

Listing Agent's Description

This beautiful well-kept and upgraded two-story 4 BEDROOM/3 BATH Lennar home is located in the Eastvale Estates Community and near a community park. It is situated in a corner lot with minimal landscaping needs. It is move-in ready condition with lots of natural lighting. Other features of this home are walk-in closets, laundry room, dual-paned windows, dual sinks in master bathroom. This home also comes with solar panels perfect for cooling your home 24/7. The master bedroom is located downstairs. The kitchen is open to the family room and features many recent upgrades like quartz counter tops, dual oven, kitchen island, gas stovetops and self-closing drawers (over $60K in upgrades). The downstairs including family room has water-proof laminate flooring and a fireplace perfect for cozy nights. Artificial turf in backyard and covered patio, perfect for entertaining and peaceful retreat. NO HOA’S!!! This home is a must see and will not last long! Schedule your private showing today. Virtual home tour is also available.

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

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
Del Sol Academy Primary Regular NA
Del Sol Academy Middle Regular NA
Jurupa Valley High School High Regular 1,608 65 4

Del Sol Academy

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Del Sol Academy

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Jurupa Valley High School

  • Education Level: High
  • # of students: 1,608
  • # of teachers: 65
4
GreatSchools Rating
 

$562,500$687,500$625,000

PURCHASE PRICE

$2,304$2,816$2,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,560
EXPENSES Loan Payment -$2,171
Property Tax -$591
Property Insurance -$84
Property Management Fees -$151
CASH FLOW
-$436

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.

$625,000

PROJECTED PRICE

$2,560

PROJECTED RENT

0.41%

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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$171,375

INVESTMENT

$171,375

Down Payment
$156,250
Rehab Estimate
$5,750
Closing Costs
$9,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,171

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $156,250
Loan Amount $468,750
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$9,104

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,560

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $2,553

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,4003$2,4004$2,5005$2,560
$2,560
RENT COMPS ANALYSIS
  • 5585 Treasure Drive Eastvale, CA 5
    • 4 beds 3 baths ∙ 2,342 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,342 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $2,560
    • $1.09
    •  
  • 5864 Silveira Street Eastvale, CA 1
    • 3 beds 3 baths ∙ 2,197 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,197 Sqft ∙ Built 2016
    LEASED 03/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.09
    •  
  • 5855 Ginger Drive Eastvale, CA 2
    • 3 beds 3 baths ∙ 2,197 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,197 Sqft ∙ Built 2016
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.09
    •  
  • 5946 Silveira Street Eastvale, CA 3
    • 3 beds 3 baths ∙ 2,232 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,232 Sqft ∙ Built 2017
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.08
    •  
  • 5623 Skimmer Drive Jurupa Valley, CA 4
    • 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
    •  
PROPERTY LISTING DETAILS
Mainor Bojorquez
Bmi Realty, Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21013821
Last Updated: 01/23/2021
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