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6892 Tiger Horse Circle Eastvale, CA 92880

3 Beds 3 Baths 1,905 sqft Built 2008

$650,000

List Price

$2,500

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

January 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $341.21
  • 6 Days on Market
  • MLS # : IG21016779
  • Updated Date : 01/30/2021 at 08:58
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,905 sqft
  • Baths : 2 full , 1 half
Listing Agent

Provident Real Estate

Listing Agent's Description

Look no further, you search ends here! This wonderful single story home is situated on a large cul-de-sac lot and offers over 1,900 of square feet including 3 bedrooms and 2.5 bathrooms. Upon entry you greeted by the upgraded commercial laminate flooring which is installed throughout all main living areas offering a uniform flow and easy maintenance. Entertain effortlessly in this open floor plan. The kitchen boasts a large island with additional seating, quartz counter tops, stainless steel appliance and enough cabinet space for all of your organizational needs. You'll appreciate all of the natural lighting beaming through the oversized windows in the family room. The family room is also equipped with a fireplace, mantel and entertainment niche. The master bedroom showcases a spacious en-suite with dual sinks, a deep soaking tub, walk-in shower and his & hers walk-in closets! All three bedrooms have newly installed carpet. The additional two bedrooms share a Jack & Jill bathroom with dual sinks and shower/tub combo. Whole house water filtration installed! Enjoy the California sunshine in this wonderful backyard landscaped to perfection. Endless possibilities on this large lot of over 10,000 square feet. No HOA! Estimated tax rate is 1.4%. Do not miss out on this opportunity, schedule your private showing today.

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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
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
 

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

PURCHASE PRICE

$2,250$2,750$2,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,500
EXPENSES Loan Payment -$2,258
Property Tax -$598
Property Insurance -$73
Property Management Fees -$148
CASH FLOW
-$577

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

$2,500

PROJECTED RENT

0.38%

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

1.42

YEARS SAVED

$4,763

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,500

    LIST RENT
  • $1.31

    LIST RENT PER SQFT
  • $2,510

    COMP ESTIMATED VALUE
  • $1.32

    COMP AVG. RENT PER SQFT
Comps Range
$2,450
1$2,4502$2,5003$2,6004$2,6505$2,690
$2,690
RENT COMPS ANALYSIS
  • 6892 Tiger Horse Circle Eastvale, CA 2
    • 3 beds 3 baths ∙ 1,905 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,905 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.31
    •  
  • 6800 Massy Harris Way Eastvale, CA 1
    • 3 beds 2 baths ∙ 1,848 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,848 Sqft ∙ Built 2006
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.33
    •  
  • 13134 Snowdrop Street Eastvale, CA 3
    • 3 beds 3 baths ∙ 1,954 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,954 Sqft ∙ Built 2005
    LEASED 12/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.33
    •  
  • 7035 Snowburst Court Eastvale, CA 4
    • 4 beds 3 baths ∙ 2,057 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,057 Sqft ∙ Built 2015
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.29
    •  
  • 6492 Marigold Street Eastvale, CA 5
    • 3 beds 2 baths ∙ 2,032 Sqft ∙ Built 1999 3 beds 2 baths ∙ 2,032 Sqft ∙ Built 1999
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,690
    • $1.32
    •  
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 #: IG21016779
Last Updated: 01/30/2021
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