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7235 Valley Meadow Avenue Eastvale, CA 92880

5 Beds 3 Baths 2,998 sqft Built 2001

INVESTimate

$635,000

List Price

$2,930

$2,680 - $3,180

Rent Est.

$669,735  ( +5.47%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2001
  • Price/Sqft : $211.81
  • 9 Days on Market
  • MLS # : CV20169193
  • Updated Date : 08/22/2020 at 17:28
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,998 sqft
  • Baths : 3 full
Listing Agent

First Team Real Estate

Listing Agent's Description

Don't miss your opportunity to own this large, five bedroom, three bathroom, cul-de-sac, Eastvale pool home! Just steps to McCune Park and Clara Barton Elementary School! Eastvale has been named one of the best places to live in the US and one of the top places to live in California! This home features a bedroom and full bathroom on the first floor, perfect for guests or as an in-law suite! Entertaining is a dream in the formal living room and dining room with soaring ceilings. The large kitchen has ample storage, including a butlers pantry and features solid surface counters with tile flooring that opens to the family room with a gas fireplace. Upstairs, the spacious master retreat features an attached bathroom with soaking tub, over-sized shower and large walk-in closets. This home is situated on a large lot with a resort style backyard that is fully fenced. It has an oversized patio with a maintenance free alumawood cover and wraps around to the side yard for to meet all of your entertaining needs! In addition, the professionally designed pebble tech pool has an attached spa, waterfall grotto and large, submerged seating areas! There are two garages, one for two cars and one oversized, perfect for storage or an additional car! You will not be disappointed in this amazing home! Enjoy all of the amenities this community offers! From miles of walking/hiking/biking trails to top rated schools. Call today for your personal tour!

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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
Clara Barton Elementary School Primary Regular 1,801 61 9
Clara Barton Elementary School Middle Regular 1,801 61 9
Eleanor Roosevelt High School High Regular 3,868 134 8

Clara Barton Elementary School

  • Education Level: Primary
  • # of students: 1,801
  • # of teachers: 61
9
GreatSchools Rating

Clara Barton Elementary School

  • Education Level: Middle
  • # of students: 1,801
  • # of teachers: 61
9
GreatSchools Rating

Eleanor Roosevelt High School

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

$571,500$698,500$635,000

PURCHASE PRICE

$2,637$3,223$2,930

RENT

DOWN PAYMENT
FINANCING

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,930
EXPENSES Loan Payment -$2,343
Property Tax -$769
Property Insurance -$100
Property Management Fees -$173
CASH FLOW
-$454

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.

$635,000

PROJECTED PRICE

$2,930

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 5.47%
Maintenance Year (1-5) 8.00%
Vacancy 5.35%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$174,025

INVESTMENT

$174,025

Down Payment
$158,750
Rehab Estimate
$5,750
Closing Costs
$9,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,343

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $158,750
Loan Amount $476,250
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$11,333

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,930

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $2,938

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$2,800
1$2,8002$2,8953$2,9304$2,9455$3,000
$3,000
RENT COMPS ANALYSIS
  • 7235 Valley Meadow Avenue Eastvale, 3
    • 5 beds 3 baths ∙ 2,998 Sqft ∙ Built 2001 5 beds 3 baths ∙ 2,998 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $2,930
    • $0.98
    •  
  • 14143 Parkwood Avenue Eastvale, 1
    • 5 beds 3 baths ∙ 2,900 Sqft ∙ Built 2000 5 beds 3 baths ∙ 2,900 Sqft ∙ Built 2000
    LEASED 09/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.97
    •  
  • 13897 Hollywood Avenue Eastvale, 2
    • 5 beds 4 baths ∙ 2,926 Sqft ∙ Built 2003 5 beds 4 baths ∙ 2,926 Sqft ∙ Built 2003
    LEASED 02/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $0.99
    •  
  • 7038 Freesia Court Corona, 4
    • 5 beds 3 baths ∙ 3,168 Sqft ∙ Built 2002 5 beds 3 baths ∙ 3,168 Sqft ∙ Built 2002
    LEASED 04/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,945
    • $0.93
    •  
  • 13825 Hawthorn Avenue Eastvale, 5
    • 5 beds 4 baths ∙ 2,926 Sqft ∙ Built 2002 5 beds 4 baths ∙ 2,926 Sqft ∙ Built 2002
    LEASED 05/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.03
    •  
PROPERTY LISTING DETAILS
Robert Boccolucci
First Team Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20169193
Last Updated: 08/22/2020
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