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6018 Sendero Avenue Eastvale, CA 92880

3 Beds 3 Baths 1,498 sqft Built 2019

$487,000

List Price

$2,120

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $325.10
  • 7 Days on Market
  • MLS # : TR21059081
  • Updated Date : 03/26/2021 at 13:18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,498 sqft
  • Baths : 2 full , 1 half
Listing Agent

Mcleod & Associates

Listing Agent's Description

In the 17th best city to live according to Money Magazine rankings, this highly upgraded modern Spanish home shows like a model! You enter the front door, adorned by a beautiful Spanish archway, into open concept living area. You will notice the rich tones of the wood plank accent wall complementing the luxury vinyl plank floors that flow throughout the first floor living room, dining area, and kitchen. The kitchen is open to the dining area and living rooms, perfect for entertaining. Guests will use the updated powder room with custom wall paper, vanity, and new mirror. The backyard is inviting with its custom awning and bench seating, accented by string lights for ambiance. Not to mention a putting green to keep your golf game sharp. The well appointed master bedroom features a modern fan and light combo, an ensuite bathroom that boasts a large walk in closet with plenty of storage space. Two secondary bedrooms share another full bath and you can already imagine this as a great starter family home or investment property. Not to mention this is a smart home with app controlled door locks, thermostat, and lights; and solar panels are already installed. Access to the association playground, club house with its pool, outdoor fireplace, barbeques; you may not want to leave this resort. This is a must see, come tour this home today!

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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
Augustine Ramirez Intermediate School Middle Regular 1,117 38 7
Eleanor Roosevelt High School High Regular 3,868 134 8
Augustine Ramirez Intermediate School Middle Unknown NA

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

Augustine Ramirez Intermediate School

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

$438,300$535,700$487,000

PURCHASE PRICE

$1,908$2,332$2,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,120
EXPENSES Loan Payment -$1,692
Property Tax -$590
Property Insurance -$63
HOA -$180
Property Management Fees -$125
CASH FLOW
-$530

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.

$487,000

PROJECTED PRICE

$2,120

PROJECTED RENT

0.44%

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

PROJECTED ANNUAL CASH FLOW

11530-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$134,805

INVESTMENT

$134,805

Down Payment
$121,750
Rehab Estimate
$5,750
Closing Costs
$7,305

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,692

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $121,750
Loan Amount $365,250
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$579

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,120

    LIST RENT
  • $1.42

    LIST RENT PER SQFT
  • $2,108

    COMP ESTIMATED VALUE
  • $1.41

    COMP AVG. RENT PER SQFT
Comps Range
$2,120
1$2,1202$2,2503$2,4004$2,5005$2,600
$2,600
RENT COMPS ANALYSIS
  • 6018 Sendero Avenue Eastvale, CA 1
    • 3 beds 3 baths ∙ 1,498 Sqft ∙ Built 2019 3 beds 3 baths ∙ 1,498 Sqft ∙ Built 2019
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,120
    • $1.42
    •  
  • 6142 Snapdragon Street Eastvale, CA 2
    • 3 beds 3 baths ∙ 1,666 Sqft ∙ Built 2015 3 beds 3 baths ∙ 1,666 Sqft ∙ Built 2015
    property image
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.35
    •  
  • 5880 Ginger Drive Eastvale, CA 3
    • 3 beds 3 baths ∙ 1,666 Sqft ∙ Built 2016 3 beds 3 baths ∙ 1,666 Sqft ∙ Built 2016
    property image
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.44
    •  
  • 3107 E Chip Smith Way Ontario, CA 4
    • 3 beds 3 baths ∙ 1,758 Sqft ∙ Built 2015 3 beds 3 baths ∙ 1,758 Sqft ∙ Built 2015
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.42
    •  
  • 3185 E Painted Crescent Street Ontario, CA 5
    • 3 beds 3 baths ∙ 1,828 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,828 Sqft ∙ Built 2018
    property image
    LEASED 09/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.42
    •  
PROPERTY LISTING DETAILS
Leo Marco Mendoza
Mcleod & Associates
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: TR21059081
Last Updated: 03/26/2021
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