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6583 Crescendo Court Eastvale, CA 92880

4 Beds 4 Baths 2,655 sqft Built 2015

$622,900

List Price

$2,740

$2.5K - $3K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $234.61
  • 3 Days on Market
  • MLS # : IG21029937
  • Updated Date : 02/13/2021 at 16:05
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,655 sqft
  • Baths : 3 full , 1 half
Listing Agent

Active Realty

Listing Agent's Description

Beautiful 4 bedroom, 3.25 bathroom, 2 story home with mountain views and solar panels in the highly desired community of Brio and Symphony at the Trails in Eastvale! Enjoy a charming front porch entry to high ceilings, laminate wood flooring, a spacious living room, family room, and open kitchen. The kitchen offers a large center island, granite countertops, elegant wood cabinetry and sliding doors to the outdoor patio. The primary bedroom features ceilings fans, plush carpeting, a walk-in closet, a private balcony, dual sinks in the primary bathroom, a soaking tub, and walk-in shower. Additional property highlights include the outdoor fire pit, inside laundry room, and 2 car garage. Just minutes to Victoria Gardens outdoor shopping plaza, the Ontario Airport, and convenient to major freeways!

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
 

$560,610$685,190$622,900

PURCHASE PRICE

$2,466$3,014$2,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,740
EXPENSES Loan Payment -$2,164
Property Tax -$754
Property Insurance -$91
HOA -$58
Property Management Fees -$162
CASH FLOW
-$489

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.

$622,900

PROJECTED PRICE

$2,740

PROJECTED RENT

0.44%

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$1.8M

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$170,819

INVESTMENT

$170,819

Down Payment
$155,725
Rehab Estimate
$5,750
Closing Costs
$9,344

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,164

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $155,725
Loan Amount $467,175
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$5,734

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,740

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $2,881

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$2,7403$2,8004$2,9005$3,100
$3,100
RENT COMPS ANALYSIS
  • 6583 Crescendo Court Eastvale, CA 2
    • 4 beds 4 baths ∙ 2,655 Sqft ∙ Built 2015 4 beds 4 baths ∙ 2,655 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $2,740
    • $1.03
    •  
  • 7125 Tiburon Drive Eastvale, CA 1
    • 4 beds 3 baths ∙ 2,494 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,494 Sqft ∙ Built 2009
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.08
    •  
  • 6715 Rosebay Court Eastvale, CA 3
    • 4 beds 3 baths ∙ 2,607 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,607 Sqft ∙ Built 2009
    LEASED 12/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.07
    •  
  • 6584 Cadenza Drive Eastvale, CA 4
    • 4 beds 4 baths ∙ 2,694 Sqft ∙ Built 2015 4 beds 4 baths ∙ 2,694 Sqft ∙ Built 2015
    LEASED 12/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.08
    •  
  • 7184 Logsdon Drive Eastvale, CA 5
    • 4 beds 3 baths ∙ 2,782 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,782 Sqft ∙ Built 2014
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.11
    •  
PROPERTY LISTING DETAILS
Justin Tye
Active Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IG21029937
Last Updated: 02/13/2021
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