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6070 Snapdragon Eastvale, CA 92880

3 Beds 3 Baths 1,666 sqft Built 2015

$450,000

List Price

$2,300

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

December 02, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $270.11
  • 6 Days on Market
  • MLS # : TR20249574
  • Updated Date : 12/02/2020 at 16:47
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,666 sqft
  • Baths : 2 full , 1 half
Listing Agent

Transglobal Realty

Listing Agent's Description

PAID OFF solar panels for BIG Bonus Plus!! Located in super desired community "Lodge", this beautiful home offering comfortable 1,666 SF living space. This 3 bedroom 2.5 home has an open floor plan connecting kitchen, Living room and Dining area. The living room flows through to the dining room and kitchen making it a seamless comfortable transition between space. The kitchen is equipped with stainless steel appliances, spotless granite countertop, and lots of custom white wood cabinets and counter space. The dining room leads to a small patio through sliding doors is a perfect extension for family gathering and entertaining. One guest bathroom downstairs. 3 bedrooms including master bedroom upstairs are all carpeted with extra comfort. Both bathrooms upstairs featured double sinks. Major Great Features include : 3 walking closet in EACH ROOM, attached 2 car garage, laundry room hookups on 2nd floor, central A/C and heating system, low HOA fees, right across from clubhouse, community gym, SPA and pool. Great location, very close to shopping centers and restaurants. 5 mins to 15 FWY, easy access to 60 and 71 Fwy. Great investment!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
Harada Elementary School Primary Regular 1,365 50 8
Harada Elementary School Middle Regular 1,365 50 8
Eleanor Roosevelt High School High Regular 3,868 134 8

Harada Elementary School

  • Education Level: Primary
  • # of students: 1,365
  • # of teachers: 50
8
GreatSchools Rating

Harada Elementary School

  • Education Level: Middle
  • # of students: 1,365
  • # of teachers: 50
8
GreatSchools Rating

Eleanor Roosevelt High School

  • Education Level: High
  • # of students: 3,868
  • # of teachers: 134
8
GreatSchools Rating
 

$405,000$495,000$450,000

PURCHASE PRICE

$2,070$2,530$2,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,300
EXPENSES Loan Payment -$1,660
Property Tax -$545
Property Insurance -$68
HOA -$189
Property Management Fees -$136
CASH FLOW
-$297

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.

$450,000

PROJECTED PRICE

$2,300

PROJECTED RENT

0.51%

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,660

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$8,009

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,300

    LIST RENT
  • $1.38

    LIST RENT PER SQFT
  • $2,299

    COMP ESTIMATED VALUE
  • $1.38

    COMP AVG. RENT PER SQFT
Comps Range
$2,250
1$2,2502$2,3003$2,3004$2,3505$2,400
$2,400
RENT COMPS ANALYSIS
  • 6070 Snapdragon Eastvale, CA 3
    • 3 beds 3 baths ∙ 1,666 Sqft ∙ Built 2015 3 beds 3 baths ∙ 1,666 Sqft ∙ Built 2015
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.38
    •  
  • 6142 Snapdragon Street Eastvale, CA 1
    • 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
    •  
  • 6042 Snapdragon Street Eastvale, CA 2
    • 3 beds 3 baths ∙ 1,741 Sqft ∙ Built 2016 3 beds 3 baths ∙ 1,741 Sqft ∙ Built 2016
    property image
    LEASED 04/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.32
    •  
  • 6327 Aquila Way Eastvale, CA 4
    • 3 beds 3 baths ∙ 1,668 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,668 Sqft ∙ Built 2018
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.41
    •  
  • 5880 Ginger Drive Eastvale, CA 5
    • 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
    •  
PROPERTY LISTING DETAILS
Jasmin Lin
Transglobal Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: TR20249574
Last Updated: 12/02/2020
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