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7217 Beckett Field Lane Eastvale, CA 92880

4 Beds 3 Baths 2,923 sqft Built 2006

$649,000

List Price

$2,880

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

January 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $222.03
  • 7 Days on Market
  • MLS # : WS21006043
  • Updated Date : 01/13/2021 at 10:28
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,923 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Premier/arcadia

Listing Agent's Description

Beautiful house with 4 bedrooms, 3 baths. Downstairs, Elegant living room with high ceiling, gorgeous kitchen with a granite island adjacent to the spacious family room, an office can be the fifth bedroom, powder room. All bedrooms located upstairs, Master bedroom and spacious master bath, other 3 bedrooms are sharing a bathroom, individual laundry room, upstairs den can be a great place for kids to play. Stepping outside, a nice size backyard with trees around and beautiful grass area. Newly fresh painted interior and exterior. 3 attached huge car garages. Must come to see to appreciate!

SEE MORE

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
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
 

$584,100$713,900$649,000

PURCHASE PRICE

$2,592$3,168$2,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,880
EXPENSES Loan Payment -$2,254
Property Tax -$785
Property Insurance -$98
Property Management Fees -$170
CASH FLOW
-$427

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.

$649,000

PROJECTED PRICE

$2,880

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$177,735

INVESTMENT

$177,735

Down Payment
$162,250
Rehab Estimate
$5,750
Closing Costs
$9,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,254

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $162,250
Loan Amount $486,750
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$9,708

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,880

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $2,908

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$2,850
1$2,8502$2,8803$2,9504$3,0005$3,000
$3,000
RENT COMPS ANALYSIS
  • 7217 Beckett Field Lane Eastvale, CA 2
    • 4 beds 3 baths ∙ 2,923 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,923 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,880
    • $0.99
    •  
  • 6947 Farmall Way Eastvale, CA 1
    • 4 beds 3 baths ∙ 2,949 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,949 Sqft ∙ Built 2005
    LEASED 01/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.97
    •  
  • 12369 Kern River Drive Eastvale, CA 3
    • 5 beds 3 baths ∙ 2,854 Sqft ∙ Built 2003 5 beds 3 baths ∙ 2,854 Sqft ∙ Built 2003
    LEASED 10/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.03
    •  
  • 12961 Rae Court Eastvale, CA 4
    • 5 beds 3 baths ∙ 3,000 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,000 Sqft ∙ Built 2006
    LEASED 10/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.00
    •  
  • 13276 Paul Street Eastvale, CA 5
    • 4 beds 3 baths ∙ 3,067 Sqft ∙ Built 2007 4 beds 3 baths ∙ 3,067 Sqft ∙ Built 2007
    LEASED 11/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.98
    •  
PROPERTY LISTING DETAILS
Connie Zhou
Re/max Premier/arcadia
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: WS21006043
Last Updated: 01/13/2021
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