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6957 Rivertrails Drive Eastvale, CA 91752

4 Beds 3 Baths 2,361 sqft Built 2002

$695,000

List Price

$2,580

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $294.37
  • 6 Days on Market
  • MLS # : PW21055508
  • Updated Date : 03/20/2021 at 07:59
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,361 sqft
  • Baths : 3 full
Listing Agent

Trt Capital

Listing Agent's Description

ENTERTAINER’S DREAM! IN THE HIGHLY DESIRABLE COMMUNITY OF EASTVALE WITH 4 BEDROOMS AND 3 BATHROOM FLOOR PLAN. ONE BEDROOM AND ONE BATHROOM ON THE FIRST FLOOR. THE BACKYARD IS A PERFECT PLACE TO GATHER WITH FRIENDS AND FAMILY WITH ITS STUNNING BUILT IN POOL, HOT TUB AND RESORT STYLE LANDSCAPING. THE 3 CAR GARAGE OFFERS PLENTY OF ROOM FOR CARS, TOYS & STORAGE. CLOSE TO SCHOOLS, SHOPPING AND EASY ACCESS TO FREEWAYS. ADDITIONAL PHOTOS TO COME….

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MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$625,500$764,500$695,000

PURCHASE PRICE

$2,322$2,838$2,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,580
EXPENSES Loan Payment -$2,414
Property Tax -$840
Property Insurance -$84
Property Management Fees -$152
CASH FLOW
-$910

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.

$695,000

PROJECTED PRICE

$2,580

PROJECTED RENT

0.37%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$189,925

INVESTMENT

$189,925

Down Payment
$173,750
Rehab Estimate
$5,750
Closing Costs
$10,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,414

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $173,750
Loan Amount $521,250
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$159

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,580

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $2,751

    COMP ESTIMATED VALUE
  • $1.17

    COMP AVG. RENT PER SQFT
Comps Range
$2,580
1$2,5802$2,7003$2,7254$2,8505$3,000
$3,000
RENT COMPS ANALYSIS
  • 6957 Rivertrails Drive Eastvale, CA 1
    • 4 beds 3 baths ∙ 2,361 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,361 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $2,580
    • $1.09
    •  
  • 7028 Terrapin Way Eastvale, CA 2
    • 4 beds 4 baths ∙ 2,245 Sqft ∙ Built 2017 4 beds 4 baths ∙ 2,245 Sqft ∙ Built 2017
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.20
    •  
  • 12167 Rhone Ct Jurupa Valley, CA 3
    • 4 beds 3 baths ∙ 2,409 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,409 Sqft ∙ Built 2017
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,725
    • $1.13
    •  
  • 6984 Riverboat Drive Eastvale, CA 4
    • 3 beds 3 baths ∙ 2,545 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,545 Sqft ∙ Built 2002
    LEASED 01/27/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.12
    •  
  • 6986 Lancelot Drive Eastvale, CA 5
    • 4 beds 3 baths ∙ 2,486 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,486 Sqft ∙ Built 2006
    LEASED 01/28/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.21
    •  
PROPERTY LISTING DETAILS
Laura Priest
Trt Capital
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21055508
Last Updated: 03/20/2021
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