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6345 Amadora Lane Eastvale, CA 91752

3 Beds 3 Baths 1,884 sqft Built 2009

$450,888

List Price

$2,290

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 2009
  • Price/Sqft : $239.32
  • 10 Days on Market
  • MLS # : TR20225361
  • Updated Date : 10/27/2020 at 19:27
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,884 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Universal Realty

Listing Agent's Description

This highly upgraded condo located in a prestigious gated community in Eastvale. Gated community . Large open floor plan, offering 1,884 sqft of living space includes 3 bedrooms and 2.5 bathrooms. 2 car garages attached. The kitchen has granite counter-tops. All bedrooms upstairs are carpeted with extra comfort. The Master bedroom has a beautiful pool view, with walk-in closet, and dual sinks with a lot of counter space. Separate laundry room. This property is just located in front of the community pool. Walking distance to Shopping Centers, Supermarkets, Movie Theater, Restaurants, Banks, 24 Hour Fitness, Parks, and Schools. Easy access to Freeways 15, 60, and 91. Hurry! it won't last!

SEE MORE

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: 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
Louis Vandermolen Fundamental Elementary School Primary Regular 1,080 41 5
River Heights Intermediate School Middle Regular 1,052 37 7
Eleanor Roosevelt High School High Regular 3,868 134 8

Louis Vandermolen Fundamental Elementary School

  • Education Level: Primary
  • # of students: 1,080
  • # of teachers: 41
5
GreatSchools Rating

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
 

$405,799$495,977$450,888

PURCHASE PRICE

$2,061$2,519$2,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,290
EXPENSES Loan Payment -$1,664
Property Tax -$563
Property Insurance -$73
HOA -$289
Property Management Fees -$135
CASH FLOW
-$433

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.

$450,888

PROJECTED PRICE

$2,290

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-$10k-$5.0k$0.0$5.0k

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$125,235

INVESTMENT

$125,235

Down Payment
$112,722
Rehab Estimate
$5,750
Closing Costs
$6,763

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,664

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,722
Loan Amount $338,166
See What Happens When You Reinvest Cash Flow

0.92

YEARS SAVED

$1,993

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,290

    LIST RENT
  • $1.22

    LIST RENT PER SQFT
  • $2,303

    COMP ESTIMATED VALUE
  • $1.22

    COMP AVG. RENT PER SQFT
Comps Range
$2,150
1$2,1502$2,2903$2,5004$2,5505$2,690
$2,690
RENT COMPS ANALYSIS
  • 6345 Amadora Lane Eastvale, CA 2
    • 3 beds 3 baths ∙ 1,884 Sqft ∙ Built 2009 3 beds 3 baths ∙ 1,884 Sqft ∙ Built 2009
    • Rent
    • Rent Per SQFT
    •  
    • $2,290
    • $1.22
    •  
  • 6349 Amadora Lane Eastvale, CA 1
    • 3 beds 3 baths ∙ 1,884 Sqft ∙ Built 2009 3 beds 3 baths ∙ 1,884 Sqft ∙ Built 2009
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.14
    •  
  • 12506 Ventosa Lane Eastvale, CA 3
    • 4 beds 3 baths ∙ 2,075 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,075 Sqft ∙ Built 2006
    LEASED 11/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.20
    •  
  • 12572 Montaivo Lane Eastvale, CA 4
    • 4 beds 3 baths ∙ 2,075 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,075 Sqft ∙ Built 2009
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.23
    •  
  • 6492 Marigold Street Eastvale, CA 5
    • 3 beds 2 baths ∙ 2,032 Sqft ∙ Built 1999 3 beds 2 baths ∙ 2,032 Sqft ∙ Built 1999
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,690
    • $1.32
    •  
PROPERTY LISTING DETAILS
Randy Zhao
Re/max Universal Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: TR20225361
Last Updated: 10/27/2020
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