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10325 Via Pastoral Moreno Valley, CA 92557

4 Beds 3 Baths 1,983 sqft Built 1988

$465,000

List Price

$2,020

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $234.49
  • 4 Days on Market
  • MLS # : IG21056521
  • Updated Date : 03/18/2021 at 08:21
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,983 sqft
  • Baths : 3 full
Listing Agent

Executive Realty Inc.

Listing Agent's Description

Beautiful turnkey property located in Sunny Mead Ranch. Comes with new flooring, paint, ceiling, stove, microwave, and water heater. Washer, dryer and refrigerator are also available. There is one bedroom downstairs along with a separate office space and a bathroom. The upstairs level has three bedrooms and two full bathrooms. The Master Bedroom has a great view with a patio deck. The interior of the house lights up during the day. The solar panel, which is paid for provides very affordable electricity. The lot has a nice size front and back yard. Occupants will have access to the amenities of the Lake Club which include swimming, fishing, an exercise gym, play area and much more. This home is a must see. Call to schedule your appointment today.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Moreno Valley

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $116k459k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Moreno Valley

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q290010001100120013001400150016001700180019002000Rent in $8802044

* 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
Vista Heights Middle School Middle Regular 1,414 51 5
Canyon Springs High School High Regular 2,488 96 5
Vista Heights Middle School Middle Unknown NA

Vista Heights Middle School

  • Education Level: Middle
  • # of students: 1,414
  • # of teachers: 51
5
GreatSchools Rating

Canyon Springs High School

  • Education Level: High
  • # of students: 2,488
  • # of teachers: 96
5
GreatSchools Rating

Vista Heights Middle School

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

$418,500$511,500$465,000

PURCHASE PRICE

$1,818$2,222$2,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,020
EXPENSES Loan Payment -$1,615
Property Tax -$466
Property Insurance -$75
HOA -$108
Property Management Fees -$119
CASH FLOW
-$363

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.

$465,000

PROJECTED PRICE

$2,020

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.76%
Appreciation Year (1-5) 9.1%
Maintenance Year (1-5) 8.00%
Vacancy 5.41%
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-$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$128,975

INVESTMENT

$128,975

Down Payment
$116,250
Rehab Estimate
$5,750
Closing Costs
$6,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,615

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $116,250
Loan Amount $348,750
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$3,793

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,020

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $2,067

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$2,020
1$2,0202$2,0953$2,1004$2,2505$2,300
$2,300
RENT COMPS ANALYSIS
  • 10325 Via Pastoral Moreno Valley, CA 1
    • 4 beds 3 baths ∙ 1,983 Sqft ∙ Built 1988 4 beds 3 baths ∙ 1,983 Sqft ∙ Built 1988
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,020
    • $1.02
    •  
  • 10162 Coral Lane Moreno Valley, CA 2
    • 4 beds 3 baths ∙ 2,071 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,071 Sqft ∙ Built 2002
    property image
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $1.01
    •  
  • 22431 Cobble Creek Drive Moreno Valley, CA 3
    • 3 beds 3 baths ∙ 2,073 Sqft ∙ Built 1988 3 beds 3 baths ∙ 2,073 Sqft ∙ Built 1988
    property image
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.01
    •  
  • 10413 Meadow Creek Drive Moreno Valley, CA 4
    • 4 beds 3 baths ∙ 2,073 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,073 Sqft ∙ Built 1988
    property image
    LEASED 04/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.09
    •  
  • 10871 Mendoza Road Moreno Valley, CA 5
    • 5 beds 3 baths ∙ 2,179 Sqft ∙ Built 1988 5 beds 3 baths ∙ 2,179 Sqft ∙ Built 1988
    property image
    LEASED 04/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.06
    •  
PROPERTY LISTING DETAILS
Joseph Rogers
Executive Realty Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IG21056521
Last Updated: 03/18/2021
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