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6262 Isidora Lane Eastvale, CA 91752

3 Beds 4 Baths 1,583 sqft Built 2006

$445,000

List Price

$2,330

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $281.11
  • 5 Days on Market
  • MLS # : IG21042330
  • Updated Date : 03/05/2021 at 13:21
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,583 sqft
  • Baths : 3 full , 1 half
Listing Agent

Realty One Group West

Listing Agent's Description

A gorgeous three-level turnkey condo located in the desirable Serafina Gated Community in Eastvale. Featuring 3 Bedrooms, 3 1/2 Bathrooms and 2 Car Attached Garage. First floor includes a bedroom and full bathroom, ideal for a guest room or mother-in-law suite. Second floor offers a bright spacious Living Room with cozy fireplace, dining room area, a large open kitchen with granite counter tops, a half bath and laundry room. Third floor has a beautiful master bedroom with its own private bathroom, dual sink, a walk-in closet and the 3rd bedroom with a private full bathroom. Enjoy the amenities of the Serafina Community: Pool, Spa, BBQ Area, Basketball Court, Playgrounds and 24 hours security guard. Walking distance to Shopping Centers, Supermarkets, Movie Theater, Restaurants, Banks, 24 Hour Fitness, Parks and Schools. Close to Costco and Amazon Distribution Center. The HOA Fee covers water, trash, sewer and exterior maintenance. Very Nice Neighborhood. Easy access to Freeways 15, 60 and 91. Schedule your private showing today.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
River Heights Intermediate School Middle Regular 1,052 37 7
Eleanor Roosevelt High School High Regular 3,868 134 8
River Heights Intermediate School Middle Unknown NA

River Heights Intermediate School

  • Education Level: Middle
  • # of students: 1,052
  • # of teachers: 37
7
GreatSchools Rating

Eleanor Roosevelt High School

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

River Heights Intermediate School

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

$400,500$489,500$445,000

PURCHASE PRICE

$2,097$2,563$2,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,330
EXPENSES Loan Payment -$1,546
Property Tax -$555
Property Insurance -$66
HOA -$339
Property Management Fees -$137
CASH FLOW
-$313

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.

$445,000

PROJECTED PRICE

$2,330

PROJECTED RENT

0.52%

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-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$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$123,675

INVESTMENT

$123,675

Down Payment
$111,250
Rehab Estimate
$5,750
Closing Costs
$6,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,546

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $111,250
Loan Amount $333,750
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$3,950

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,330

    LIST RENT
  • $1.47

    LIST RENT PER SQFT
  • $2,323

    COMP ESTIMATED VALUE
  • $1.47

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,3003$2,3004$2,3305$2,400
$2,400
RENT COMPS ANALYSIS
  • 6262 Isidora Lane Eastvale, CA 4
    • 3 beds 4 baths ∙ 1,583 Sqft ∙ Built 2006 3 beds 4 baths ∙ 1,583 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,330
    • $1.47
    •  
  • 12466 Quintessa Lane Eastvale, CA 1
    • 3 beds 4 baths ∙ 1,583 Sqft ∙ Built 2006 3 beds 4 baths ∙ 1,583 Sqft ∙ Built 2006
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.45
    •  
  • 12580 Cipriano Lane Eastvale, CA 2
    • 3 beds 4 baths ∙ 1,583 Sqft ∙ Built 2006 3 beds 4 baths ∙ 1,583 Sqft ∙ Built 2006
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.45
    •  
  • 12540 Marco Lane Eastvale, CA 3
    • 3 beds 4 baths ∙ 1,583 Sqft ∙ Built 2009 3 beds 4 baths ∙ 1,583 Sqft ∙ Built 2009
    LEASED 12/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.45
    •  
  • 6264 Camposa Lane Eastvale, CA 5
    • 3 beds 4 baths ∙ 1,583 Sqft ∙ Built 2006 3 beds 4 baths ∙ 1,583 Sqft ∙ Built 2006
    LEASED 09/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.52
    •  
PROPERTY LISTING DETAILS
Natashia Jefferson
Realty One Group West
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IG21042330
Last Updated: 03/05/2021
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