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7064 Beckett Field Lane Eastvale, CA 92880

4 Beds 2 Baths 2,634 sqft Built 2014

$598,000

List Price

$2,600

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 2014
  • Price/Sqft : $227.03
  • 5 Days on Market
  • MLS # : CV20229019
  • Updated Date : 10/30/2020 at 21:48
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,634 sqft
  • Baths : 2 full
Listing Agent

Infinite Sun Realty

Listing Agent's Description

Location! Location! Location! Walking distance to Eastvale Elementary School, River Heights Intermediate School, Eleanor Roosevelt High School! Now It’s a perfect opportunity to own this Gorgeous home! This house nested in the very popular community of Copper Sky! Upgraded wooden floor throughout the first floor. The great home with 4 bedrooms and 3 bath with a office downstairs. VERY EASY TO CONVERT DOWNSTAIR OFFICE TO 5TH BEDROOM. The beautiful master bedroom with large walking-in closet and separate tub and shower. Laundry room is thoughtfully located upstairs with linen storage. The Kitchen has granite counter top, large kitchen island and wood cabinets. Private backyard.The community enjoys clubhouse, big pool, a spa, BBQ, as well as large parks with quite meandering trail for your pleasure! This house will not last long as it is in a great location! Minutes to family park, Eastvale Library, COSTCO ,Shopping center and Minutes access to 15/91/60 freeways. Schedule an appointment today!

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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
Eastvale Elementary School Primary Regular 1,396 49 9
Eastvale Elementary School Middle Regular 1,396 49 9
Eleanor Roosevelt High School High Regular 3,868 134 8

Eastvale Elementary School

  • Education Level: Primary
  • # of students: 1,396
  • # of teachers: 49
9
GreatSchools Rating

Eastvale Elementary School

  • Education Level: Middle
  • # of students: 1,396
  • # of teachers: 49
9
GreatSchools Rating

Eleanor Roosevelt High School

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

$538,200$657,800$598,000

PURCHASE PRICE

$2,340$2,860$2,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,600
EXPENSES Loan Payment -$2,206
Property Tax -$724
Property Insurance -$91
HOA -$168
Property Management Fees -$153
CASH FLOW
-$743

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.

$598,000

PROJECTED PRICE

$2,600

PROJECTED RENT

0.43%

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

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$164,220

INVESTMENT

$164,220

Down Payment
$149,500
Rehab Estimate
$5,750
Closing Costs
$8,970

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,206

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $149,500
Loan Amount $448,500
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$512

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,600

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $2,667

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,5003$2,6004$2,6005$2,600
$2,600
RENT COMPS ANALYSIS
  • 7064 Beckett Field Lane Eastvale, CA 5
    • 3 beds 2 baths ∙ 2,634 Sqft ∙ Built 2014 3 beds 2 baths ∙ 2,634 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.99
    •  
  • 6667 Borges Street Eastvale, CA 1
    • 4 beds 3 baths ∙ 2,490 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,490 Sqft ∙ Built 2002
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.00
    •  
  • 12827 Luna Street Eastvale, CA 2
    • 4 beds 3 baths ∙ 2,531 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,531 Sqft ∙ Built 2015
    LEASED 01/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.99
    •  
  • 7114 Beckett Field Lane Eastvale, CA 3
    • 4 beds 3 baths ∙ 2,634 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,634 Sqft ∙ Built 2015
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.99
    •  
  • 7395 Excelsior Drive Eastvale, CA 4
    • 3 beds 3 baths ∙ 2,435 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,435 Sqft ∙ Built 2005
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.07
    •  
PROPERTY LISTING DETAILS
Wei Ji
Infinite Sun Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20229019
Last Updated: 10/30/2020
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