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11310 Tesota Loop Street Corona, CA 92883

4 Beds 3 Baths 2,759 sqft Built 2005

$628,888

List Price

$2,490

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $227.94
  • 8 Days on Market
  • MLS # : IV21047634
  • Updated Date : 03/13/2021 at 08:41
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,759 sqft
  • Baths : 3 full
Listing Agent

Realty Masters & Associates

Listing Agent's Description

Stunning Sycamore Creek home with a Master bedroom downstairs. Brilliant natural wood accents throughout the home, entry hall that gives you the wow factor once you walk into this large 2700+ square foot home! Freshly painted interior farmhouse modern fixtures that compliment the barn doors in the dining room, the fireplace in the family room keeps it cozy with the 16 feet high ceilings. The kitchen is bright and opens up to the family room with lots of natural light and can be adjusted with the plantation shutters to allow how much natural light you feel best. All stainless steel appliances, double oven, a 5 burner cook top stove with a brand new microwave, granite counters and granite island perfect for the chef in the family. The downstairs master has high ceilings and a myriad of wood accents on the wall that is inviting to the masses; a walk-in closet and shelving along with a path that leads right to the garden tub/shower combo creating luxury and comfort. An indoor laundry room with cabinet space, shelving and a convenient sink for the daily to do's made simple. Ceiling fans in all rooms, a large loft, central a/c and to keep the utilities lowered, 31 solar panels for future paced savings. A leased water softener system, custom built-in shelving in the garage, 3 car tandem garage, all that to include a gorgeous surrounding of rolling hills, sublime sunsets and sunrises in a master community that truly exemplifies living a quality lifestyle with excellence!

SEE MORE

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: Sycamore Creek

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650kPrice in $149k671k

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

Neighborhood: Sycamore Creek

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2120014001600180020002200240026002800Rent in $10822805

* 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
Centennial High School High Regular 3,306 119 8
Centennial High School High Unknown NA

Centennial High School

  • Education Level: High
  • # of students: 3,306
  • # of teachers: 119
8
GreatSchools Rating

Centennial High School

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

$565,999$691,777$628,888

PURCHASE PRICE

$2,241$2,739$2,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,490
EXPENSES Loan Payment -$2,184
Property Tax -$616
Property Insurance -$94
HOA -$75
Property Management Fees -$147
CASH FLOW
-$626

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.

$628,888

PROJECTED PRICE

$2,490

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 6.7%
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

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$172,405

INVESTMENT

$172,405

Down Payment
$157,222
Rehab Estimate
$5,750
Closing Costs
$9,433

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,184

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $157,222
Loan Amount $471,666
See What Happens When You Reinvest Cash Flow

0.83

YEARS SAVED

$2,127

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,490

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $2,456

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,4903$2,5004$2,5005$2,550
$2,550
RENT COMPS ANALYSIS
  • 11310 Tesota Loop Street Corona, CA 2
    • 4 beds 3 baths ∙ 2,759 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,759 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,490
    • $0.90
    •  
  • 25523 Fuchsia Court Corona, CA 1
    • 4 beds 3 baths ∙ 2,717 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,717 Sqft ∙ Built 2005
    LEASED 09/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.88
    •  
  • 25109 Cypress Street Corona, CA 3
    • 3 beds 3 baths ∙ 2,789 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,789 Sqft ∙ Built 2005
    LEASED 09/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.90
    •  
  • 24874 Mulberry Road Corona, CA 4
    • 3 beds 3 baths ∙ 2,899 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,899 Sqft ∙ Built 2006
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.86
    •  
  • 11166 Tesota Loop Street Corona, CA 5
    • 4 beds 3 baths ∙ 2,759 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,759 Sqft ∙ Built 2005
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.92
    •  
PROPERTY LISTING DETAILS
Louana Salcedo
Realty Masters & Associates
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV21047634
Last Updated: 03/13/2021
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