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11805 Silver Birch Road Corona, CA 92883

4 Beds 4 Baths 3,000 sqft Built 2014

$629,900

List Price

$2,650

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $209.97
  • 4 Days on Market
  • MLS # : OC20243005
  • Updated Date : 11/19/2020 at 10:29
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,000 sqft
  • Baths : 3 full , 1 half
Listing Agent

Authentic Partners

Listing Agent's Description

Highly upgraded beautiful home in Sycamore Creek. Entry leads you into a large living room with 20' cathedral ceilings, beautiful wrought iron staircase. A large entertaining kitchen for the upcoming holidays, it will not disappoint. Quartz counter tops and an oversized 8ft island, stainless steel appliances, walk in pantry and lots of storage. Featuring a bedroom with full bathroom, office with double door entry. A great loft upstairs gives your family an extra area for family time or a game room. Community offers pools, gyms and club house. Close to freeway and shopping.

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: Horsethief Canyon Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $149k627k

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

Neighborhood: Horsethief Canyon Ranch

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q21200140016001800200022002400Rent in $10822579

* 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
Todd Academy Primary Regular 841 29 8
Todd Academy Middle Regular 841 29 8
Centennial High School High Regular 3,306 119 8

Todd Academy

  • Education Level: Primary
  • # of students: 841
  • # of teachers: 29
8
GreatSchools Rating

Todd Academy

  • Education Level: Middle
  • # of students: 841
  • # of teachers: 29
8
GreatSchools Rating

Centennial High School

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

$566,910$692,890$629,900

PURCHASE PRICE

$2,385$2,915$2,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,650
EXPENSES Loan Payment -$2,324
Property Tax -$617
Property Insurance -$100
HOA -$62
Property Management Fees -$156
CASH FLOW
-$609

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.

$629,900

PROJECTED PRICE

$2,650

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 6.2%
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$15k

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$172,674

INVESTMENT

$172,674

Down Payment
$157,475
Rehab Estimate
$5,750
Closing Costs
$9,449

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,324

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $157,475
Loan Amount $472,425
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$4,678

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,650

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $2,625

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,5003$2,5004$2,6505$2,700
$2,700
RENT COMPS ANALYSIS
  • 11805 Silver Birch Road Corona, CA 4
    • 4 beds 4 baths ∙ 3,000 Sqft ∙ Built 2014 4 beds 4 baths ∙ 3,000 Sqft ∙ Built 2014
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.88
    •  
  • 25523 Fuchsia Court Corona, CA 1
    • 4 beds 3 baths ∙ 2,717 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,717 Sqft ∙ Built 2005
    property image
    LEASED 09/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.88
    •  
  • 11768 Bunting Circle Corona, CA 2
    • 4 beds 4 baths ∙ 2,860 Sqft ∙ Built 2016 4 beds 4 baths ∙ 2,860 Sqft ∙ Built 2016
    property image
    LEASED 09/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.87
    •  
  • 25109 Cypress Street Corona, CA 3
    • 3 beds 3 baths ∙ 2,789 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,789 Sqft ∙ Built 2005
    property image
    LEASED 09/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.90
    •  
  • 25518 Hyacinth Street Corona, CA 5
    • 5 beds 3 baths ∙ 3,167 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,167 Sqft ∙ Built 2006
    property image
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.85
    •  
PROPERTY LISTING DETAILS
Kristie Melendez
Authentic Partners
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20243005
Last Updated: 11/19/2020
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