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7530 Standing Rock Road Eastvale, CA 92880

3 Beds 2 Baths 1,277 sqft Built 2008

$529,000

List Price

$2,080

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

October 29, 2020 RECENTLY ADDED
FACTS
  • Built In 2008
  • Price/Sqft : $414.25
  • 7 Days on Market
  • MLS # : CV20227464
  • Updated Date : 10/28/2020 at 19:58
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,277 sqft
  • Baths : 2 full
Listing Agent

Realty Masters & Associates

Listing Agent's Description

Welcome to 7530 Standing Rock Rd, a completely remodeled single story home located in one of the most desirable neighborhoods of Eastvale. This home will take your breath away. As you drive though the quiet neighborhood into the expansive driveway, you will be impressed with the homes huge yard and curb appeal. Past the sitting area, through the front door, you will enter into the great room which is a blend of the kitchen, dining space and living room. The kitchen is dressed with custom soft close cabinets and wine rack, quartz counters, textured backsplash, farm sink, high end charcoal appliances and custom underlighting. Enjoy family time together dining and relaxing in one big space centered by a gorgeous stack stone fireplace. The master bedroom suite is generous is size, has two closets, upgraded dual vanities, upgraded flooring and new fresh paint. The secondary bedrooms each have designer accent walls, recessed lights and custom closets. The laundry room leads into the garage which is lined with epoxy flooring and a pull down ladder for access to storage. The backyard is HUGE, perfect for your own oasis. There is a lot of space between you and your neighbors. A dog run on one side of the house and RV parking on the other. Upgraded features include laminate wood plank flooring, new baseboards, custom lighting, expansive pantry with barn door, surround sound and video surveillance. Homes like this don't come on the market very often. Come see it while it lasts!

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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
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
 

$476,100$581,900$529,000

PURCHASE PRICE

$1,872$2,288$2,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,080
EXPENSES Loan Payment -$1,952
Property Tax -$640
Property Insurance -$58
HOA -$20
Property Management Fees -$123
CASH FLOW
-$713

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.

$529,000

PROJECTED PRICE

$2,080

PROJECTED RENT

0.39%

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$145,935

INVESTMENT

$145,935

Down Payment
$132,250
Rehab Estimate
$5,750
Closing Costs
$7,935

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,952

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $132,250
Loan Amount $396,750
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$233

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,080

    LIST RENT
  • $1.63

    LIST RENT PER SQFT
  • $1,801

    COMP ESTIMATED VALUE
  • $1.41

    COMP AVG. RENT PER SQFT
Comps Range
$2,080
1$2,0802$2,2003$2,250
$2,250
RENT COMPS ANALYSIS
  • 7530 Standing Rock Road Eastvale, CA 1
    • 3 beds 2 baths ∙ 1,277 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,277 Sqft ∙ Built 2008
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,080
    • $1.63
    •  
  • 8547 Founders Grove Street Chino, CA 2
    • 3 beds 3 baths ∙ 1,610 Sqft ∙ Built 2016 3 beds 3 baths ∙ 1,610 Sqft ∙ Built 2016
    property image
    LEASED 01/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.37
    •  
  • 15716 Flight Avenue Chino, CA 3
    • 3 beds 3 baths ∙ 1,552 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,552 Sqft ∙ Built 2006
    property image
    LEASED 09/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.45
    •  
PROPERTY LISTING DETAILS
Megann Centeno
Realty Masters & Associates
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20227464
Last Updated: 10/28/2020
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