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6362 Marbella Lane Eastvale, CA 91752

4 Beds 3 Baths 2,075 sqft Built 2006

$455,000

List Price

$2,560

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $219.28
  • 3 Days on Market
  • MLS # : PW21023874
  • Updated Date : 02/05/2021 at 21:18
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,075 sqft
  • Baths : 2 full , 1 half
Listing Agent

Century 21 Masters

Listing Agent's Description

Welcome to the homes at Serfina. A tranquil gated community that looks like it was just built yesterday. This home is a rare opportunity to live in a very large 4 bedroom corner home that has only one shared wall. Once inside, this condominium has the feel of a private single-family home. Built in 2006 with many upgraded features, this looks like a model home. The open design makes this large home feel even bigger. Custom tile and recessed lighting throughout the downstairs area. Chefs kitchen with light-colored granite countertops and high-end stainless steel appliances. Large adjacent dining room has a fireplace and is perfect for entertaining. Upstairs you have 4 bedrooms. Master bedroom with large walk-in closet. And the master bath is spa-like with a separate bath and separate shower and double sinks. Custom tile as well. All bedrooms (except the master) have sliding mirror doors. The office provides a great live and work from home option. Large walk-in laundry and work area. Two car attached garage with plenty of storage area. Minutes from dining, shopping and the 15. For more details click on the Virtual Tour link. It's the icon that looks like a house with an arrow circling the house on the top right corner of the screen.

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
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
 

$409,500$500,500$455,000

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 -$1,580
Property Tax -$568
Property Insurance -$77
HOA -$382
Property Management Fees -$151
CASH FLOW
-$199

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.

$455,000

PROJECTED PRICE

$2,560

PROJECTED RENT

0.56%

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$126,325

INVESTMENT

$126,325

Down Payment
$113,750
Rehab Estimate
$5,750
Closing Costs
$6,825

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,580

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $113,750
Loan Amount $341,250
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$9,321

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
  • $1.23

    LIST RENT PER SQFT
  • $2,552

    COMP ESTIMATED VALUE
  • $1.23

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,5503$2,5604$2,6005$2,600
$2,600
RENT COMPS ANALYSIS
  • 6362 Marbella Lane Eastvale, CA 3
    • 4 beds 3 baths ∙ 2,075 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,075 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,560
    • $1.23
    •  
  • 6366 Marbella Lane Eastvale, CA 1
    • 4 beds 3 baths ∙ 2,016 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,016 Sqft ∙ Built 2006
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.19
    •  
  • 12572 Montaivo Lane Eastvale, CA 2
    • 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
    •  
  • 12581 Cipriano Lane Eastvale, CA 4
    • 4 beds 3 baths ∙ 2,075 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,075 Sqft ∙ Built 2006
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.25
    •  
  • 12585 Montaivo Lane Eastvale, CA 5
    • 4 beds 3 baths ∙ 2,075 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,075 Sqft ∙ Built 2009
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.25
    •  
PROPERTY LISTING DETAILS
Frank Lopez
Century 21 Masters
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21023874
Last Updated: 02/05/2021
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