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6496 Pleasant Hill Circle Eastvale, CA 92880

6 Beds 3 Baths 2,762 sqft Built 2004

$599,000

List Price

$2,690

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

February 03, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $216.87
  • 5 Days on Market
  • MLS # : PW21021885
  • Updated Date : 02/04/2021 at 16:22
CONSTRUCTION
  • Beds : 6
  • Floor Size : 2,762 sqft
  • Baths : 3 full
Listing Agent

Your Home Sold Guaranteed Realty

Listing Agent's Description

Stunning 6 bedroom, 3 bath , 3 car garage home sitting on cul-de -sac lot in a great Eastvale location. Enter the home into an elegant living room across from the formal dining room, continue to the spacious family room which includes a fireplace. Plenty of cabinet spaces along with the island for the open kitchen. Still on the first floor, find the stylish master bedroom and spacious master bathroom with tub and large walk-in closet. Downstairs finishes with the other 3 bedrooms and laundry room. Upstairs you will find 2 other bedrooms and another bathroom. Spacious backyard and many more. Solar panel was purchased with mortgage not long ago and will be paid off by the seller prior to closing.

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
Augustine Ramirez Intermediate School Middle Regular 1,117 38 7
Eleanor Roosevelt High School High Regular 3,868 134 8
Augustine Ramirez Intermediate School Middle Unknown NA

Augustine Ramirez Intermediate School

  • Education Level: Middle
  • # of students: 1,117
  • # of teachers: 38
7
GreatSchools Rating

Eleanor Roosevelt High School

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

Augustine Ramirez Intermediate School

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

$539,100$658,900$599,000

PURCHASE PRICE

$2,421$2,959$2,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,690
EXPENSES Loan Payment -$2,081
Property Tax -$744
Property Insurance -$94
Property Management Fees -$159
CASH FLOW
-$387

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.

$599,000

PROJECTED PRICE

$2,690

PROJECTED RENT

0.45%

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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$164,485

INVESTMENT

$164,485

Down Payment
$149,750
Rehab Estimate
$5,750
Closing Costs
$8,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,081

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $149,750
Loan Amount $449,250
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$9,162

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,690

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $2,776

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$2,690
1$2,6902$2,7003$2,7004$2,7505$2,800
$2,800
RENT COMPS ANALYSIS
  • 6496 Pleasant Hill Circle Eastvale, CA 1
    • 3 beds 2 baths ∙ 2,762 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,762 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $2,690
    • $0.97
    •  
  • 5083 S Centennial Circle Ontario, CA 2
    • 4 beds 2 baths ∙ 2,678 Sqft ∙ Built 2015 4 beds 2 baths ∙ 2,678 Sqft ∙ Built 2015
    LEASED 06/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.01
    •  
  • 5093 S Centennial Circle Ontario, CA 3
    • 4 beds 3 baths ∙ 2,678 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,678 Sqft ∙ Built 2015
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.01
    •  
  • 13827 Hollywood Avenue Corona, CA 4
    • 4 beds 3 baths ∙ 2,643 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,643 Sqft ∙ Built 2003
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.04
    •  
  • 6526 Prelude Street Eastvale, CA 5
    • 4 beds 4 baths ∙ 2,925 Sqft ∙ Built 2016 4 beds 4 baths ∙ 2,925 Sqft ∙ Built 2016
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.96
    •  
PROPERTY LISTING DETAILS
Freeman Wang
Your Home Sold Guaranteed Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21021885
Last Updated: 02/04/2021
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