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12689 Broadleaf 
Moreno Valley, CA
92553
4 Beds 2 Baths 1,844 sqft
Built 1985
INVESTimate
$389,000
List Price
$108,835
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PROPERTY INFO
FACTS
- Built In 1985
- Price/Sqft : $210.95
- 7 Days on Market
- MLS # : WS20170362
- Updated Date : 08/25/2020 at 17:33
CONSTRUCTION
- Beds : 4
- Floor Size : 1,844 sqft
- Baths : 2 full
Listing Agent
Re/max 1000 Realty
Listing Agent's Description
Welcome to this beautiful 4 bed, 2 bath home in the highly sought after location of Moreno Valley. This home has many recent upgrades including new kitchen cabinets, new bath, new LED lights, new wood flooring, new interior, and exterior paint. At arrival, you will be greeted with a brick paver walkway, new landscaping with sprinklers, and a new modern glass panel front door. Upon entry, you will find a comfortable living room that is decorated with a gorgeous brick fireplace, high ceilings, and an abundance of natural light. Your inner chef will fall in love with this NEW contemporary U-shaped kitchen; custom cabinets, granite countertops with an extended island, and Stainless steel appliances including a slide-in 5 burner gas range. Bedrooms are spacious with roomy closets and hallway bath has generous quartz vanity, new light fixtures/ faucets, and new tub. The master suite creates a relaxing sitting area with a large walk-in closet and custom organization. The elegantly master bathroom has new separate quartz countertop dual vanities, new light fixtures/faucets, and a new walk-in shower. The large bonus room with a closet is currently used as a 4th bedroom. Other features include central HVAC unit, a new fully fenced backyard, tile roof, and a 2 car garage. Get the full experience of this unique property in person and schedule a showing today!
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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
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 | $1,900 |
| EXPENSES | Loan Payment | -$1,435 |
| Property Tax | -$393 | |
| Property Insurance | -$72 | |
| Property Management Fees | -$112 | |
|
CASH FLOW
-$113
|
||
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.
$389,000
PROJECTED PRICE
$1,900
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.76% |
| Appreciation Year (1-5) | 9.13% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.41% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$108,835
LOAN DETAILS
$1,435
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $97,250 |
| Loan Amount | $291,750 |
4.17
YEARS SAVED
$17,875
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,900
LIST RENT -
$1.03
LIST RENT PER SQFT
-
$2,125
COMP ESTIMATED VALUE -
$1.15
COMP AVG. RENT PER SQFT
Comps Range
-
12689 Broadleaf Moreno Valley, 1
- 4 beds 2 baths ∙ 1,844 Sqft ∙ Built 1985 4 beds 2 baths ∙ 1,844 Sqft ∙ Built 1985
- Rent
- Rent Per SQFT
- $1,900
- $1.03
-
12683 Ninebark Street Moreno Valley, 2
- 3 beds 3 baths ∙ 1,796 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,796 Sqft ∙ Built 1986
LEASED 09/03/19- Rent
- Rent Per SQFT
- $2,000
- $1.11
-
25700 Palm Shadows Drive Moreno Valley, 3
- 3 beds 3 baths ∙ 1,920 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,920 Sqft ∙ Built 1987
LEASED 05/12/20- Rent
- Rent Per SQFT
- $2,100
- $1.09
-
12221 Cocopah Court Moreno Valley, 4
- 5 beds 2 baths ∙ 1,905 Sqft ∙ Built 1989 5 beds 2 baths ∙ 1,905 Sqft ∙ Built 1989
LEASED 03/18/20- Rent
- Rent Per SQFT
- $2,300
- $1.21
-
12580 Lasselle Street Moreno Valley, 5
- 4 beds 2 baths ∙ 1,994 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,994 Sqft ∙ Built 2003
LEASED 03/30/20- Rent
- Rent Per SQFT
- $2,400
- $1.20
PROPERTY LISTING DETAILS
Re/max 1000 Realty
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: WS20170362
Last Updated: 08/25/2020
