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11811 Silver Birch Road 
Corona, CA
92883
4 Beds 3 Baths 2,632 sqft
Built 2014
INVESTimate
$529,999
List Price
$146,200
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PROPERTY INFO
FACTS
- Built In 2014
- Price/Sqft : $201.37
- 2 Days on Market
- MLS # : IG20168466
- Updated Date : 08/25/2020 at 16:09
CONSTRUCTION
- Beds : 4
- Floor Size : 2,632 sqft
- Baths : 3 full
Listing Agent
Realty Masters & Associates
Listing Agent's Description
Two-story home in the community of Sycamore Creek. Conveniently located close to shopping, dining, golf courses, hiking trails, with easy 15 freeway access. OPEN floor plan with 3 downstair bedrooms including the MAIN bedroom. Kitchen has a nice sized island that friends and family can enjoy. The upstairs loft was turned into a game/theater room which is perfect for watching the game or playing billiards. It also features recessed lights, tank less water heater, tile flooring, white wood shutters, indoor laundry, dual vanity sinks, soaking tub and large shower, and walk-in closets. Sycamore Creek amenities include a fitness center, club house with kitchen, 3 swimming pools including BBQ areas and kid’s water play area, tennis courts, soccer and baseball fields, hiking trails and parks and playgrounds with BBQ and picnic areas.
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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: Horsethief Canyon Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Horsethief Canyon Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,430 |
| EXPENSES | Loan Payment | -$1,955 |
| Property Tax | -$519 | |
| Property Insurance | -$91 | |
| HOA | -$70 | |
| Property Management Fees | -$143 | |
|
CASH FLOW
-$348
|
||
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.
$529,999
PROJECTED PRICE
$2,430
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.95% |
| Appreciation Year (1-5) | 6.20% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.35% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$146,200
LOAN DETAILS
$1,955
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $132,500 |
| Loan Amount | $397,499 |
2.42
YEARS SAVED
$11,409
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,430
LIST RENT -
$0.92
LIST RENT PER SQFT
-
$2,402
COMP ESTIMATED VALUE -
$0.91
COMP AVG. RENT PER SQFT
Comps Range
-
11811 Silver Birch Road Corona, 2
- 4 beds 3 baths ∙ 2,632 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,632 Sqft ∙ Built 2014
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- Rent
- Rent Per SQFT
- $2,430
- $0.92
-
25523 Fuchsia Court Corona, 1
- 4 beds 3 baths ∙ 2,717 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,717 Sqft ∙ Built 2005
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LEASED 09/26/19- Rent
- Rent Per SQFT
- $2,400
- $0.88
-
25109 Cypress Street Corona, 3
- 3 beds 3 baths ∙ 2,789 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,789 Sqft ∙ Built 2005
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LEASED 09/17/19- Rent
- Rent Per SQFT
- $2,500
- $0.90
-
25794 Dove Street Corona, 4
- 4 beds 2 baths ∙ 2,627 Sqft ∙ Built 2015 4 beds 2 baths ∙ 2,627 Sqft ∙ Built 2015
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LEASED 03/11/20- Rent
- Rent Per SQFT
- $2,500
- $0.95
-
11166 Tesota Loop Street Corona, 5
- 4 beds 3 baths ∙ 2,759 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,759 Sqft ∙ Built 2005
![property image]()
LEASED 04/30/20- Rent
- Rent Per SQFT
- $2,550
- $0.92
PROPERTY LISTING DETAILS
Realty Masters & Associates
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: IG20168466
Last Updated: 08/25/2020
