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12871 Azalea Street Moreno Valley, CA 92555

5 Beds 3 Baths 2,424 sqft Built 2016

$499,000

List Price

$2,180

$2K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $205.86
  • 11 Days on Market
  • MLS # : IV21056138
  • Updated Date : 03/26/2021 at 11:34
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,424 sqft
  • Baths : 3 full
Listing Agent

Re/max One

Listing Agent's Description

*MUST SEE! *E-Z FREEWAY ACCESS *HIGHS SCHOOL/ MIDDLE SCHOOL WITHIN WALKING DISTANCE    * BEAUTIFUL 5 BEDROOM 3 Bath. WELCOME TO RANCHO BELLAGIO IN MORENO VALLEY. PROPERTY IS A MUST SEE  WITH IT'S LOW MAINTENANCE  FRONT YARD & HUGE DRIVEWAY. UPON ENTERING YOU WILL BE GREETED WITH A CUSTOM MADE FRONT DOOR. BEAUTIFUL  NEW TILE HARDWOOD FLOORING, BASEBOARDS , CROWN MOLDING, UPGRADED DOORS, TINTED WINDOWS, & SHUTTERS  THROUGH OUT. CUSTOM TILE WALL & CUSTOM BAR WITH TWO MINI FRIDGES TO ENTERTAIN FRIENDS AND FAMILY. KITCHEN IS FULLY UPGRADED WITH NEWER GRANITE, BACK SPLASH, CABINETRY , KITCHEN ISLAND, STAINLESS STEEL APPLIANCES & FAUCET. ONE BEDROOM DOWN STAIRS FOR GUEST, OR AN OFFICE TO WORK REMOTELY.   CUSTOM RECESS LIGHTING THROUGHOUT. NEW SECURITY CAMERAS INCLUDED FRONT AND BACK. CEILING FANS IN EVERY BEDROOM. 4 SPACIOUS BEDROOMS UP STAIRS. HUGE BACK YARD TO HAVE YOUR CHILDREN PLAY IN THE BACK OR TO ENTERTAIN FRIENDS AND FAMILY WITH NO BACK NEIGHBORS. PROXIMITY TO LAKE PERRIS, THE M MOUNTAIN IN BOX SPRINGS, MARCH AIR FORCE BASE MUSEUM, FITNESS CENTERS, SHOPPING CENTERS... ETC

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

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
 

$449,100$548,900$499,000

PURCHASE PRICE

$1,962$2,398$2,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,180
EXPENSES Loan Payment -$1,733
Property Tax -$515
Property Insurance -$86
HOA -$37
Property Management Fees -$129
CASH FLOW
-$319

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.

$499,000

PROJECTED PRICE

$2,180

PROJECTED RENT

0.44%

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$137,985

INVESTMENT

$137,985

Down Payment
$124,750
Rehab Estimate
$5,750
Closing Costs
$7,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,733

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $124,750
Loan Amount $374,250
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$7,214

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,180

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $2,279

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,1803$2,3004$2,4005$2,480
$2,480
RENT COMPS ANALYSIS
  • 12871 Azalea Street Moreno Valley, CA 2
    • 5 beds 3 baths ∙ 2,424 Sqft ∙ Built 2016 5 beds 3 baths ∙ 2,424 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $2,180
    • $0.90
    •  
  • 25622 Kalmia Avenue Moreno Valley, CA 1
    • 4 beds 2 baths ∙ 2,097 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,097 Sqft ∙ Built 2002
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.93
    •  
  • 26419 Olympus Court Moreno Valley, CA 3
    • 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
    •  
  • 12122 Franklin Street Moreno Valley, CA 4
    • 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
Rocky Mendoza
Re/max One
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV21056138
Last Updated: 03/26/2021
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