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PROPERTY INFO
FACTS
- Single Family
- Built In 1976
- Price/Sqft : $266.84
- 5 Days on Market
- MLS # : SW21028593
- Updated Date : 02/13/2021 at 16:33
CONSTRUCTION
- Beds : 3
- Floor Size : 1,870 sqft
- Baths : 2 full
Listing Agent
Coldwell Banker Assoc.brks-cl
Listing Agent's Description
Come Home to Peace and Serenity.. This Ranch Style Home sits at the end of a short street with no built-out neighbors on one full side of the property. Located in a Beautiful area of Moreno Valley where there are Custom Homes and Wild Donkeys that Roam free. With Views of the Hills and Fields and Full Size Trees on the property you'll feel like you've escaped the Hustle and Bustle of the City, but its right here. This One Acre Property is zoned for Horses, Has a Full Size Detached Garage/Workshop, a 3 Car attached Garage, as well as an Extensive Covered Patio and Entertaining Area. Rv Parking as well as MultiCar Parking in the Gated Driveway. Inside we have 3 Bedrooms with ample storage, 2 nice size Bathrooms, A Den with Stone Fireplace as well as a Livingroom with a Brick Fireplace. The Wood Beamed Ceilings and Upgraded Kitchen may just fit your style.. Take a walk through and Envision your New Life, your Safe Space, your Comfort and Style.. Lets see if this Is The One you'd like to call Home...
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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: Moreno Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Moreno Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,110 |
| EXPENSES | Loan Payment | -$1,733 |
| Property Tax | -$492 | |
| Property Insurance | -$72 | |
| Property Management Fees | -$124 | |
|
CASH FLOW
-$312
|
||
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.
$499,000
PROJECTED PRICE
$2,110
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$137,985
LOAN DETAILS
$1,733
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $124,750 |
| Loan Amount | $374,250 |
2.25
YEARS SAVED
$8,019
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,110
LIST RENT -
$1.13
LIST RENT PER SQFT
-
$1,739
COMP ESTIMATED VALUE -
$0.93
COMP AVG. RENT PER SQFT
Comps Range
-
11615 Dow Street Moreno Valley, CA 2
- 3 beds 2 baths ∙ 1,870 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,870 Sqft ∙ Built 1976
- Rent
- Rent Per SQFT
- $2,110
- $1.13
-
12231 Mary Lee Way Moreno Valley, CA 1
- 4 beds 2 baths ∙ 2,151 Sqft ∙ Built 1989 4 beds 2 baths ∙ 2,151 Sqft ∙ Built 1989
LEASED 01/15/20- Rent
- Rent Per SQFT
- $1,995
- $0.93
PROPERTY LISTING DETAILS
Coldwell Banker Assoc.brks-cl
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: SW21028593
Last Updated: 02/13/2021
