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6732 Ground Ivy Court Eastvale, CA 92880

3 Beds 2 Baths 2,404 sqft Built 2008

$650,000

List Price

$2,620

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $270.38
  • 6 Days on Market
  • MLS # : IG21036992
  • Updated Date : 02/23/2021 at 11:21
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,404 sqft
  • Baths : 2 full
Listing Agent

Realty One Group West

Listing Agent's Description

Beautiful, Move-in ready single story Eastvale Cul-de-sac home. 3 bedroom, 2 full bath, 2415 square foot home. Close to American Hero's park. Living room, Dining room, Butler's pantry and Island kitchen with granite countertops that opens to the family room with fireplace. Kitchen table area, walk-in pantry. Office has its own room with cut-outs to the kitchen and family room. Master En Suite has dual walk-in closets and sink areas, oversized tub and separate shower. 3 space tandem garage. Private backyard. Close to shopping and 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
 

$585,000$715,000$650,000

PURCHASE PRICE

$2,358$2,882$2,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,620
EXPENSES Loan Payment -$2,258
Property Tax -$622
Property Insurance -$85
HOA -$35
Property Management Fees -$155
CASH FLOW
-$535

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.

$650,000

PROJECTED PRICE

$2,620

PROJECTED RENT

0.40%

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$178,000

INVESTMENT

$178,000

Down Payment
$162,500
Rehab Estimate
$5,750
Closing Costs
$9,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,258

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $162,500
Loan Amount $487,500
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$5,907

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,620

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $2,819

    COMP ESTIMATED VALUE
  • $1.17

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,6203$2,7004$2,8255$2,900
$2,900
RENT COMPS ANALYSIS
  • 6732 Ground Ivy Court Eastvale, CA 2
    • 3 beds 2 baths ∙ 2,404 Sqft ∙ Built 2008 3 beds 2 baths ∙ 2,404 Sqft ∙ Built 2008
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,620
    • $1.09
    •  
  • 8647 Quiet Woods Street Chino, CA 1
    • 3 beds 3 baths ∙ 2,278 Sqft ∙ Built 2009 3 beds 3 baths ∙ 2,278 Sqft ∙ Built 2009
    property image
    LEASED 09/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.14
    •  
  • 15767 Sweet Bay Chino, CA 3
    • 4 beds 3 baths ∙ 2,214 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,214 Sqft ∙ Built 2018
    property image
    LEASED 03/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.22
    •  
  • 15790 Sweet Bay Avenue Chino, CA 4
    • 4 beds 3 baths ∙ 2,562 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,562 Sqft ∙ Built 2018
    property image
    LEASED 05/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,825
    • $1.10
    •  
  • 14905 Landerwood Drive Eastvale, CA 5
    • 4 beds 3 baths ∙ 2,367 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,367 Sqft ∙ Built 2011
    property image
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.23
    •  
PROPERTY LISTING DETAILS
Andrea Hove
Realty One Group West
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IG21036992
Last Updated: 02/23/2021
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