Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

12025 Buckthorn Drive Moreno Valley, CA 92557

4 Beds 2 Baths 1,568 sqft Built 1979

$395,900

List Price

$1,940

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

December 02, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $252.49
  • 6 Days on Market
  • MLS # : PW20248930
  • Updated Date : 12/01/2020 at 21:09
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,568 sqft
  • Baths : 2 full
Listing Agent

Global Home Realty

Listing Agent's Description

A COZY AND CHARMING HOME IN A THIS CUTE NEIGHBORHOOD IS A MUST SEE. THIS 4BR/2BA IS CONVENIENTLY LOCATED NEAR SHOPPING CENTER AND FREEWAYS. IT'S PERFECT FOR STARTING UP A FAMILY AND FIRST TIME HOME BUYER. OWNER ADDED LAMINATE FLOORING IN THE MASTER BEDROOM AND LIVING ROOM AND TILE IN THE 3 BEDROOMS. ALSO ADDED WERE CEILING FANS AND RECESS LIGHTINGS IN THE HALLWAY. THE DRIVEWAY WAS EXTENDED TO MAKE IT WIDER AND FLAGSTONE WORK WAS DONE ON THE SIDE BACKYARD. AND NOT TO MENTION A BEAUTIFUL SWIMMING POOL YOU WILL ENJOY WITH YOUR FAMILY AND FRIENDS ALONG WITH THE FRUITREES IN THIS BIG BACKYARD. YOU WILL HAVE TO COME AND SEE FOR YOURSELF!

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
Honey Hollow Elementary School Primary Regular 624 22 1
Palm Middle School Middle Regular 1,261 46 3
Canyon Springs High School High Regular 2,488 96 5

Honey Hollow Elementary School

  • Education Level: Primary
  • # of students: 624
  • # of teachers: 22
1
GreatSchools Rating

Palm Middle School

  • Education Level: Middle
  • # of students: 1,261
  • # of teachers: 46
3
GreatSchools Rating

Canyon Springs High School

  • Education Level: High
  • # of students: 2,488
  • # of teachers: 96
5
GreatSchools Rating
 

$356,310$435,490$395,900

PURCHASE PRICE

$1,746$2,134$1,940

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,940
EXPENSES Loan Payment -$1,461
Property Tax -$407
Property Insurance -$65
Property Management Fees -$114
CASH FLOW
-$107

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.

$395,900

PROJECTED PRICE

$1,940

PROJECTED RENT

0.49%

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$110,664

INVESTMENT

$110,664

Down Payment
$98,975
Rehab Estimate
$5,750
Closing Costs
$5,939

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,461

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $98,975
Loan Amount $296,925
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$18,865

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,940

    LIST RENT
  • $1.24

    LIST RENT PER SQFT
  • $1,909

    COMP ESTIMATED VALUE
  • $1.22

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7503$1,8504$1,9405$2,000
$2,000
RENT COMPS ANALYSIS
  • 12025 Buckthorn Drive Moreno Valley, CA 4
    • 4 beds 2 baths ∙ 1,568 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,568 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $1,940
    • $1.24
    •  
  • 23241 Fall River Road Moreno Valley, CA 1
    • 3 beds 3 baths ∙ 1,420 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,420 Sqft ∙ Built 1985
    LEASED 07/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.20
    •  
  • 11897 Wild Flax Lane Moreno Valley, CA 2
    • 3 beds 3 baths ∙ 1,507 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,507 Sqft ∙ Built 1984
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.16
    •  
  • 11865 Dream Street Moreno Valley, CA 3
    • 3 beds 3 baths ∙ 1,474 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,474 Sqft ∙ Built 1984
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.26
    •  
  • 23343 Seafarer Way Moreno Valley, CA 5
    • 4 beds 3 baths ∙ 1,600 Sqft ∙ Built 1984 4 beds 3 baths ∙ 1,600 Sqft ∙ Built 1984
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.25
    •  
PROPERTY LISTING DETAILS
Angie Nguyen
Global Home Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20248930
Last Updated: 12/01/2020
BESbswy