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6391 Volans Court Eastvale, CA 91752

3 Beds 4 Baths 1,499 sqft Built 2016

$448,000

List Price

$2,180

$2K - $2.4K

Rent Est.

PROPERTY INFO

January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $298.87
  • 4 Days on Market
  • MLS # : IG21008571
  • Updated Date : 01/14/2021 at 11:39
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,499 sqft
  • Baths : 2 full , 2 half
Listing Agent

Provident Real Estate

Listing Agent's Description

Wonderful home located in the highly desirable gated Nexus community! This unique layout includes 3 stories offering over 1,400 square feet of living space including 3 bedrooms, 2 full bathrooms and 2 half bathrooms. Upon entry you are greeted by the family room that can be used for an office, exercise room, game room or anything your heart desires. A bathroom is also located on the first floor. Moving along to the 2nd floor you will find the open and inviting living area with upgraded laminate flooring and the separate laundry room. The kitchen boasts a large island with additional seating, granite counter tops, stainless steel appliances, and plenty of cabinet space for all of your organizational and storage needs. Enjoy the California sunshine on the 2nd story balcony. All three bedrooms are located on the 3rd floor. The master bedroom showcases a spacious en-suite with dual sinks and a walk-in closet. You'll enjoy the many amenities this community has to offer including a pool and spa, playground, BBQ areas and MORE! Conveniently located near the popular Eastvale shopping center, award winning schools, and major freeways! Do not miss out on this opportunity, schedule your private showing today! Estimated tax rate is 1.483%.

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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
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
 

$403,200$492,800$448,000

PURCHASE PRICE

$1,962$2,398$2,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,180
EXPENSES Loan Payment -$1,556
Property Tax -$559
Property Insurance -$64
HOA -$201
Property Management Fees -$129
CASH FLOW
-$328

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.

$448,000

PROJECTED PRICE

$2,180

PROJECTED RENT

0.49%

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$124,470

INVESTMENT

$124,470

Down Payment
$112,000
Rehab Estimate
$5,750
Closing Costs
$6,720

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,556

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,000
Loan Amount $336,000
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$4,126

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,180

    LIST RENT
  • $1.45

    LIST RENT PER SQFT
  • $2,185

    COMP ESTIMATED VALUE
  • $1.46

    COMP AVG. RENT PER SQFT
Comps Range
$2,180
1$2,1802$2,3003$2,3004$2,3005$2,350
$2,350
RENT COMPS ANALYSIS
  • 6391 Volans Court Eastvale, CA 1
    • 3 beds 4 baths ∙ 1,499 Sqft ∙ Built 2016 3 beds 4 baths ∙ 1,499 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $2,180
    • $1.45
    •  
  • 12466 Quintessa Lane Eastvale, CA 2
    • 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 3
    • 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 4
    • 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
    •  
  • 6386 Delgado Lane Eastvale, CA 5
    • 3 beds 4 baths ∙ 1,583 Sqft ∙ Built 2006 3 beds 4 baths ∙ 1,583 Sqft ∙ Built 2006
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.48
    •  
PROPERTY LISTING DETAILS
Nazar Kalayji
Provident Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IG21008571
Last Updated: 01/14/2021
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