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1182 Stillwater Road Corona, CA 92882

4 Beds 2 Baths 2,160 sqft Built 1994

$765,000

List Price

$2,740

$2.5K - $3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $354.17
  • 2 Days on Market
  • MLS # : SB21048702
  • Updated Date : 03/13/2021 at 14:24
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,160 sqft
  • Baths : 2 full
Listing Agent

Kane Commercial Real Estate

Listing Agent's Description

Beautifully maintained 4 bedrooms 3 bath home with a 3 car garage, beautiful pool and FULLY paid for Solar. House features upstairs a Master suite with a walk in closet, 2 bedrooms with a Jack and Jill Bathroom. Downstairs features a newly remodeled open concept kitchen with gorgeous Quartz counter tops, island with storage, large composite granite sink, open shelving and a garden window looking out into the beautiful backyard. The house features wood looking tile floors that run through the entire downstairs. High ceiling entryway leading into the living room, dining room, open kitchen and family room . Downstairs there is an office or bedroom, which ever you prefer. Down the hall there is a bathroom to the left and a laundry room with lots of storage. This house is set up for entertaining with a gorgeous backyard including a rock pool and spa, the pool has two waterfalls with beautiful landscaping throughout. Lets not forget the lounging area with a fire pit and outdoor kitchen. At night enjoy the led lights that make this a real showstopper! This is a great family home for those who enjoy entertaining and creating awesome memories with their family. A Must See!

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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: South Corona

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700kPrice in $149k712k

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

Neighborhood: South Corona

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2120014001600180020002200240026002800Rent in $10822894

* 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
Citrus Hills Intermediate School Middle Regular 1,160 46 6
Corona High School High Regular 2,933 110 5
Citrus Hills Intermediate School Middle Unknown NA

Citrus Hills Intermediate School

  • Education Level: Middle
  • # of students: 1,160
  • # of teachers: 46
6
GreatSchools Rating

Corona High School

  • Education Level: High
  • # of students: 2,933
  • # of teachers: 110
5
GreatSchools Rating

Citrus Hills Intermediate School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$688,500$841,500$765,000

PURCHASE PRICE

$2,466$3,014$2,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,740
EXPENSES Loan Payment -$2,657
Property Tax -$825
Property Insurance -$79
Property Management Fees -$162
CASH FLOW
-$984

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.

$765,000

PROJECTED PRICE

$2,740

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 5.2%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$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$208,475

INVESTMENT

$208,475

Down Payment
$191,250
Rehab Estimate
$5,750
Closing Costs
$11,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,657

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $191,250
Loan Amount $573,750
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$273

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,740

    LIST RENT
  • $1.27

    LIST RENT PER SQFT
  • $2,797

    COMP ESTIMATED VALUE
  • $1.3

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,6753$2,7404$2,7505$2,800
$2,800
RENT COMPS ANALYSIS
  • 1182 Stillwater Road Corona, CA 3
    • 4 beds 2 baths ∙ 2,160 Sqft ∙ Built 1994 4 beds 2 baths ∙ 2,160 Sqft ∙ Built 1994
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,740
    • $1.27
    •  
  • 2809 Vera Cruz Corona, CA 1
    • 4 beds 3 baths ∙ 2,160 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,160 Sqft ∙ Built 1994
    property image
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.20
    •  
  • 3116 Windhaven Way Corona, CA 2
    • 4 beds 3 baths ∙ 2,048 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,048 Sqft ∙ Built 2000
    property image
    LEASED 03/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,675
    • $1.31
    •  
  • 772 Donatello Drive Corona, CA 4
    • 4 beds 3 baths ∙ 2,113 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,113 Sqft ∙ Built 1998
    property image
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.30
    •  
  • 3136 Mountain Pass Drive Corona, CA 5
    • 3 beds 3 baths ∙ 2,048 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,048 Sqft ∙ Built 2000
    property image
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.37
    •  
PROPERTY LISTING DETAILS
April Estes
Kane Commercial Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SB21048702
Last Updated: 03/13/2021
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