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11633 Black Hawk Lane Moreno Valley, CA 92557

3 Beds 3 Baths 1,463 sqft Built 1984

$475,000

List Price

$1,830

$1.6K - $2K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $324.68
  • 14 Days on Market
  • MLS # : IV20236526
  • Updated Date : 11/20/2020 at 15:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,463 sqft
  • Baths : 3 full
Listing Agent

Re/max Horizon

Listing Agent's Description

Beautiful views overlooking Riverside & Moreno Valley from this foothill home. An enclosed front courtyard leads you to a new set of double doors with glass insets & side lights that brighten the living room as you enter this home. Warm colors, wood laminate flooring & porcelain tile in kitchen's & bath's. Kitchen was updated with wood cabinets, granite counters & stainless steel appliances. You'll never get bored doing the dishes when your looking out that kitchen window! Open kitchen, family room with a cozy fireplace and more views outside the 2 sets of French doors. The master bedroom has another set of French doors with views of the valley below during the day & twinkling city lights as you drift off to sleep at night. There are two other bedrooms, one was set up to be used as a mother-in-law quarters. A kitchenette was added on along with a full bath that has a walk-in jetted tub. Also added on a 14 x 20 sunroom for addition living room, all with permits. It is perfect for use as a home office with it's separate entry & exit. There is an addition patio that runs along the view side of the house with built in benches. Enjoy the views and the mountain breeze! On the back of the house is a porch to sit under and enjoy a different view! This is a unique home, backs up to BLM land, with walking & biking trail just waiting for the nature lover to come snap it up!

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
Seneca Elementary School Primary Regular 471 19 3
Vista Heights Middle School Middle Regular 1,414 51 5
Canyon Springs High School High Regular 2,488 96 5

Seneca Elementary School

  • Education Level: Primary
  • # of students: 471
  • # of teachers: 19
3
GreatSchools Rating

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
 

$427,500$522,500$475,000

PURCHASE PRICE

$1,647$2,013$1,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,830
EXPENSES Loan Payment -$1,753
Property Tax -$480
Property Insurance -$63
Property Management Fees -$108
CASH FLOW
-$573

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.

$475,000

PROJECTED PRICE

$1,830

PROJECTED RENT

0.39%

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-$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$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$131,625

INVESTMENT

$131,625

Down Payment
$118,750
Rehab Estimate
$5,750
Closing Costs
$7,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,753

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $118,750
Loan Amount $356,250
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$657

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,830

    LIST RENT
  • $1.25

    LIST RENT PER SQFT
  • $1,880

    COMP ESTIMATED VALUE
  • $1.29

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8303$1,9504$2,0005$2,000
$2,000
RENT COMPS ANALYSIS
  • 11633 Black Hawk Lane Moreno Valley, CA 2
    • 3 beds 3 baths ∙ 1,463 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,463 Sqft ∙ Built 1984
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,830
    • $1.25
    •  
  • 11981 Day Street Moreno Valley, CA 1
    • 3 beds 2 baths ∙ 1,385 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,385 Sqft ∙ Built 1983
    property image
    LEASED 02/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.30
    •  
  • 21454 Woolf Court Moreno Valley, CA 3
    • 3 beds 3 baths ∙ 1,489 Sqft ∙ Built 1992 3 beds 3 baths ∙ 1,489 Sqft ∙ Built 1992
    property image
    LEASED 10/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.31
    •  
  • 21415 Woolf Court Moreno Valley, CA 4
    • 3 beds 3 baths ∙ 1,620 Sqft ∙ Built 1992 3 beds 3 baths ∙ 1,620 Sqft ∙ Built 1992
    property image
    LEASED 02/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.23
    •  
  • 21300 Pala Foxia Place Moreno Valley, CA 5
    • 3 beds 3 baths ∙ 1,536 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,536 Sqft ∙ Built 1989
    property image
    LEASED 10/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.30
    •  
PROPERTY LISTING DETAILS
Christine Diaz
Re/max Horizon
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV20236526
Last Updated: 11/20/2020
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