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11615 Dow Street Moreno Valley, CA 92555

3 Beds 2 Baths 1,870 sqft Built 1976

$499,000

List Price

$2,110

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
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...

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: 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
Cloverdale Elementary School Primary Regular 697 25 3
Palm Middle School Middle Regular 1,261 46 3
Valley View High School High Regular 2,686 107 4

Cloverdale Elementary School

  • Education Level: Primary
  • # of students: 697
  • # of teachers: 25
3
GreatSchools Rating

Palm Middle School

  • Education Level: Middle
  • # of students: 1,261
  • # of teachers: 46
3
GreatSchools Rating

Valley View High School

  • Education Level: High
  • # of students: 2,686
  • # of teachers: 107
4
GreatSchools Rating
 

$449,100$548,900$499,000

PURCHASE PRICE

$1,899$2,321$2,110

RENT

DOWN PAYMENT
FINANCING

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

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$137,985

INVESTMENT

$137,985

Down Payment
$124,750
Rehab Estimate
$5,750
Closing Costs
$7,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,733

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $124,750
Loan Amount $374,250
See What Happens When You Reinvest Cash Flow

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
$1,995
1$1,9952$2,110
$2,110
RENT COMPS ANALYSIS
  • 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
Cassandra Borja
Coldwell Banker Assoc.brks-cl
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW21028593
Last Updated: 02/13/2021
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