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12653 Lemon Tree Road Moreno Valley, CA 92555

4 Beds 3 Baths 2,733 sqft Built 2016

$474,888

List Price

$2,160

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $173.76
  • 3 Days on Market
  • MLS # : CV20244093
  • Updated Date : 11/21/2020 at 12:46
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,733 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Premier Proper

Listing Agent's Description

FANTASTIC opportunity to own a turnkey home in a wonderful Moreno Valley neighborhood! This habitat offers 4 bedrooms and 3 bathrooms in 2,733 square feet of open living space. The home has been modernized throughout and the kitchen boasts beautiful espresso cabinets, custom tile backsplash, gorgeous quartz countertops, sleek stainless steel appliances, a walk in pantry and a HUGE island, perfect for entertaining! The first floor master bedroom features a custom, sliding barn door and the ensuite is well appointed, amply sized and includes a HUGE walk in closet. The home's second floor can function as it's own private space complete with a LARGE loft, bathroom and bedroom - perfect for guests, in laws or a multigenerational family. This residence also features tasteful laminate hardwood floors in the main area, plantation shutters, a custom floor to ceiling stone fireplace, a covered patio with roller shades and a beautifully landscaped front yard. Centrally located to shops, dining and all major freeways, this charmer won't be around for long so act quickly!!

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
Bear Valley Elementary School Primary Regular 901 31 5
Mountain View Middle School Middle Regular 1,239 60 3
Valley View High School High Regular 2,686 107 4

Bear Valley Elementary School

  • Education Level: Primary
  • # of students: 901
  • # of teachers: 31
5
GreatSchools Rating

Mountain View Middle School

  • Education Level: Middle
  • # of students: 1,239
  • # of teachers: 60
3
GreatSchools Rating

Valley View High School

  • Education Level: High
  • # of students: 2,686
  • # of teachers: 107
4
GreatSchools Rating
 

$427,399$522,377$474,888

PURCHASE PRICE

$1,944$2,376$2,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,160
EXPENSES Loan Payment -$1,752
Property Tax -$493
Property Insurance -$93
HOA -$35
Property Management Fees -$127
CASH FLOW
-$341

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.

$474,888

PROJECTED PRICE

$2,160

PROJECTED RENT

0.45%

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$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$131,595

INVESTMENT

$131,595

Down Payment
$118,722
Rehab Estimate
$5,750
Closing Costs
$7,123

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,752

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $118,722
Loan Amount $356,166
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$7,566

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,160

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $2,207

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$2,145
1$2,1452$2,1603$2,1954$2,3005$2,300
$2,300
RENT COMPS ANALYSIS
  • 12653 Lemon Tree Road Moreno Valley, CA 2
    • 4 beds 3 baths ∙ 2,733 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,733 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $2,160
    • $0.79
    •  
  • 12601 Magnolia Drive Moreno Valley, CA 1
    • 5 beds 3 baths ∙ 2,912 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,912 Sqft ∙ Built 2006
    LEASED 04/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,145
    • $0.74
    •  
  • 26873 Campus Point Drive Moreno Valley, CA 3
    • 4 beds 3 baths ∙ 2,889 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,889 Sqft ∙ Built 2004
    LEASED 01/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.76
    •  
  • 12734 Lasselle Street Moreno Valley, CA 4
    • 4 beds 3 baths ∙ 2,805 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,805 Sqft ∙ Built 2003
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.82
    •  
  • 26419 Olympus Court Moreno Valley, CA 5
    • 5 beds 3 baths ∙ 2,537 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,537 Sqft ∙ Built 2004
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.91
    •  
PROPERTY LISTING DETAILS
Jeffrey Egure
Keller Williams Premier Proper
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20244093
Last Updated: 11/21/2020
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