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7255 Roselai Court Eastvale, CA 92880

5 Beds 3 Baths 2,325 sqft Built 2012

$559,116

List Price

$2,600

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $240.48
  • 3 Days on Market
  • MLS # : IV20256178
  • Updated Date : 12/12/2020 at 12:46
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,325 sqft
  • Baths : 3 full
Listing Agent

Jv Real Estate Services

Listing Agent's Description

Beautiful corner lot located at the end of a family friendly cul-de-sac in the gated community of The Enclave. This two story home features 5 bedrooms, one being downstairs with 3 full baths. The open floor plan and spacious kitchen allows for easy entertaining. Upstairs you will find 4 additional bedrooms, 2 full baths and a cozy loft along with washer and dryer access. The quaint patio offers a few fruit trees with areas to plant your garden. The Enclave offers several parks, a junior olympic pool, a wading pool, a walking trail as well as small dog park. The home offers This family friendly community is looking to welcome its newest members! Eastvale is continuing to grow every day! Best commuter city around! Solar loan to be assumed by new owner. More pictures to follow

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

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
Ronald Reagan Elementary Primary Regular NA
Augustine Ramirez Intermediate School Middle Regular 1,117 38 7
Eleanor Roosevelt High School High Regular 3,868 134 8

Ronald Reagan Elementary

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Augustine Ramirez Intermediate School

  • Education Level: Middle
  • # of students: 1,117
  • # of teachers: 38
7
GreatSchools Rating

Eleanor Roosevelt High School

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

$503,204$615,028$559,116

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 -$2,063
Property Tax -$677
Property Insurance -$83
HOA -$205
Property Management Fees -$153
CASH FLOW
-$582

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.

$559,116

PROJECTED PRICE

$2,600

PROJECTED RENT

0.47%

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

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$153,916

INVESTMENT

$153,916

Down Payment
$139,779
Rehab Estimate
$5,750
Closing Costs
$8,387

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,063

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $139,779
Loan Amount $419,337
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,939

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
  • $1.12

    LIST RENT PER SQFT
  • $2,761

    COMP ESTIMATED VALUE
  • $1.19

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,7003$2,7504$2,7505$2,850
$2,850
RENT COMPS ANALYSIS
  • 7255 Roselai Court Eastvale, CA 1
    • 5 beds 3 baths ∙ 2,325 Sqft ∙ Built 2012 5 beds 3 baths ∙ 2,325 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.12
    •  
  • 7115 Logsdon Drive Eastvale, CA 2
    • 4 beds 3 baths ∙ 2,325 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,325 Sqft ∙ Built 2012
    LEASED 04/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.16
    •  
  • 7663 Bristol Bay Circle Eastvale, CA 3
    • 4 beds 4 baths ∙ 2,474 Sqft ∙ Built 2007 4 beds 4 baths ∙ 2,474 Sqft ∙ Built 2007
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.11
    •  
  • 14405 Narcisse Drive Eastvale, CA 4
    • 5 beds 3 baths ∙ 2,182 Sqft ∙ Built 2012 5 beds 3 baths ∙ 2,182 Sqft ∙ Built 2012
    LEASED 06/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.26
    •  
  • 7185 Tiburon Drive Eastvale, CA 5
    • 4 beds 3 baths ∙ 2,336 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,336 Sqft ∙ Built 2009
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.22
    •  
PROPERTY LISTING DETAILS
Olivia Berger
Jv Real Estate Services
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV20256178
Last Updated: 12/12/2020
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