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PROPERTY INFO
FACTS
- Built In 1999
- Price/Sqft : $202.99
- 2 Days on Market
- MLS # : IV20222905
- Updated Date : 11/02/2020 at 15:11
CONSTRUCTION
- Beds : 5
- Floor Size : 2,512 sqft
- Baths : 3 full
Listing Agent
Westcoe Realtors Inc
Listing Agent's Description
THIS IS IT!! A BEAUTIFUL 5 BED 3 BATH HOME OVER 2500 FEET OF LIVING SPACE !!! THIS HOME HAS GREAT CURB APPEAL AND IT DOESN'T STOP THERE!! WALK INTO THIS HOME AND ALL YOU SEE IS DETAILS!! ALL THE WAY FROM THE CUSTOM PAINT AND REAL HARDWOOD FLOORING THROUGHOUT THE DOWN STAIRS ACCENTED WITH CUSTOM TILE FLOORING , FORMAL LIVING ROOM AND DINING HAVE PLENTY OF ROOM FOR THOSE GATHERINGS, DEN AND KITCHEN OPENS UP FOR A VERY NICE FLOW , KITCHEN HAS NEWER APPLIANCES AND COUNTERTOPS , WHOLE HOUSE FAN!!!! KITCHEN EVEN HAS A BREAKFAST NOOK THAT LOOKS OUT THE SLIDING BACK DOOR TO THE PLUSH LANDSCAPING IN THE BACKYARD , CUSTOM BRICK AREA TO SIT AND RELAX ,ALONG WITH PLENTY OF GRASS TO HOST THOSE OUTSIDE EVENTS , BACKYARD HAS NEWER VINYL FENCING ALL THE WAY AROUND .THE HOME HAS A FULL 1 BED AND 1 FULLBATH DOWNSTAIRS AND 4 BEDROOMS AND 2 FULL BATHS UPSTAIRS , FAMILY ROOM HAS A FIREPLACE , HOME FEATURES INDOOR LAUNDRY ROOM , THIS HOME SHOWS TRUE PRIDE OF OWNERSHIP !! HURRY THIS HOME WILL NOT LAST !!
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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: Moreno Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Moreno Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,400 |
| EXPENSES | Loan Payment | -$1,881 |
| Property Tax | -$519 | |
| Property Insurance | -$88 | |
| Property Management Fees | -$142 | |
|
CASH FLOW
-$230
|
||
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.
$509,900
PROJECTED PRICE
$2,400
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$140,874
LOAN DETAILS
$1,881
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $127,475 |
| Loan Amount | $382,425 |
3.33
YEARS SAVED
$17,145
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,400
LIST RENT -
$0.96
LIST RENT PER SQFT
-
$2,368
COMP ESTIMATED VALUE -
$0.94
COMP AVG. RENT PER SQFT
Comps Range
-
12074 Franklin Street Moreno Valley, CA 4
- 5 beds 3 baths ∙ 2,512 Sqft ∙ Built 1999 5 beds 3 baths ∙ 2,512 Sqft ∙ Built 1999
- Rent
- Rent Per SQFT
- $2,400
- $0.96
-
24916 Metric Drive Moreno Valley, CA 1
- 4 beds 3 baths ∙ 2,452 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,452 Sqft ∙ Built 2017
LEASED 02/03/20- Rent
- Rent Per SQFT
- $2,200
- $0.90
-
25173 Bronze Drive Moreno Valley, CA 2
- 4 beds 3 baths ∙ 2,325 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,325 Sqft ∙ Built 2002
LEASED 10/07/19- Rent
- Rent Per SQFT
- $2,200
- $0.95
-
12122 Franklin Street Moreno Valley, CA 3
- 5 beds 3 baths ∙ 2,512 Sqft ∙ Built 1999 5 beds 3 baths ∙ 2,512 Sqft ∙ Built 1999
LEASED 02/21/20- Rent
- Rent Per SQFT
- $2,400
- $0.96
-
12720 Lasselle Street Moreno Valley, CA 5
- 4 beds 3 baths ∙ 2,592 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,592 Sqft ∙ Built 2003
LEASED 07/31/20- Rent
- Rent Per SQFT
- $2,480
- $0.96
PROPERTY LISTING DETAILS
Westcoe Realtors Inc
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: IV20222905
Last Updated: 11/02/2020
