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11691 Via Colina Moreno Valley, CA 92555

4 Beds 3 Baths 2,580 sqft Built 1988

$598,000

List Price

$2,300

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $231.78
  • 2 Days on Market
  • MLS # : IV21058809
  • Updated Date : 03/20/2021 at 20:19
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,580 sqft
  • Baths : 3 full
Listing Agent

Corcoran Global Living

Listing Agent's Description

Welcome to Rancho Belago! Beautiful home located in one of the most sought out areas in Moreno Valley! This home features endless possibilities siting on a half acre lot with a pool, spa, multiple RV access, and a 3 car garage!!! Entering the home, you will be blown away by the grand entrance of the high ceilings and spiral staircase. This home also features a downstairs bedroom and a full bathroom adjacent to the bedroom. The kitchen has also been recently renovated and painted.

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
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
 

$538,200$657,800$598,000

PURCHASE PRICE

$2,070$2,530$2,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,300
EXPENSES Loan Payment -$2,077
Property Tax -$590
Property Insurance -$90
Property Management Fees -$136
CASH FLOW
-$592

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.

$598,000

PROJECTED PRICE

$2,300

PROJECTED RENT

0.38%

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$500k$1.0M$1.5M$2.0M

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$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$164,220

INVESTMENT

$164,220

Down Payment
$149,500
Rehab Estimate
$5,750
Closing Costs
$8,970

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,077

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $149,500
Loan Amount $448,500
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,848

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,300

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $2,322

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$2,145
1$2,1452$2,3003$2,3004$2,850
$2,850
RENT COMPS ANALYSIS
  • 11691 Via Colina Moreno Valley, CA 3
    • 4 beds 3 baths ∙ 2,580 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,580 Sqft ∙ Built 1988
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.89
    •  
  • 12601 Magnolia Drive Moreno Valley, CA 1
    • 5 beds 3 baths ∙ 2,912 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,912 Sqft ∙ Built 2006
    property image
    LEASED 04/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,145
    • $0.74
    •  
  • 26419 Olympus Court Moreno Valley, CA 2
    • 5 beds 3 baths ∙ 2,537 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,537 Sqft ∙ Built 2004
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.91
    •  
  • 26930 Fir Avenue Moreno Valley, CA 4
    • 4 beds 2 baths ∙ 2,719 Sqft ∙ Built 1981 4 beds 2 baths ∙ 2,719 Sqft ∙ Built 1981
    property image
    LEASED 11/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.05
    •  
PROPERTY LISTING DETAILS
Carlos Uribe
Corcoran Global Living
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV21058809
Last Updated: 03/20/2021
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