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13175 Wild Sage Ln Moreno Valley, CA 92555

5 Beds 3 Baths 2,961 sqft Built 2008

INVESTimate

$465,000

List Price

$2,280

$2,052 - $2,508

Rent Est.

$507,454  ( +9.13%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 2008
  • Price/Sqft : $157.04
  • 3 Days on Market
  • MLS # : 200041044
  • Updated Date : 08/25/2020 at 05:46
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,961 sqft
  • Baths : 2 full , 1 half
Listing Agent

Premiere Home Funding, Inc

Listing Agent's Description

Incredible 5 bedroom, 3 bathroom, 2,961 square foot home has everything that you are looking for. Features include a full large downstairs bedroom and bathroom with 4 extra spacious bedrooms and 2 bathrooms upstairs. This home has a wide open floor plan that flows through the home from the front entryway to the kitchen. There is an extra large 3 car tandem garage which is perfect for that at home gym or boat storage.. Neighborhoods: GOLDEN FIELDS Equipment: Dryer,Garage Door Opener, Range/Oven, Washer Other Fees: 0 Sewer: Sewer Connected Topography: LL

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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

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
 

$418,500$511,500$465,000

PURCHASE PRICE

$2,052$2,508$2,280

RENT

DOWN PAYMENT
FINANCING

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,280
EXPENSES Loan Payment -$1,716
Property Tax -$576
Property Insurance -$99
HOA -$56
Property Management Fees -$135
CASH FLOW
-$301

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.

$465,000

PROJECTED PRICE

$2,280

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.76%
Appreciation Year (1-5) 9.13%
Maintenance Year (1-5) 8.00%
Vacancy 5.41%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$128,975

INVESTMENT

$128,975

Down Payment
$116,250
Rehab Estimate
$5,750
Closing Costs
$6,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,716

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $116,250
Loan Amount $348,750
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$8,347

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,280

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $2,295

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$2,145
1$2,1452$2,1953$2,2804$2,3005$2,395
$2,395
RENT COMPS ANALYSIS
  • 13175 Wild Sage Ln Moreno Valley, 3
    • 5 beds 3 baths ∙ 2,961 Sqft ∙ Built 2008 5 beds 3 baths ∙ 2,961 Sqft ∙ Built 2008
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,280
    • $0.77
    •  
  • 12601 Magnolia Drive Moreno Valley, 1
    • 5 beds 3 baths ∙ 2,912 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,912 Sqft ∙ Built 2006
    property image
    LEASED 04/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,145
    • $0.74
    •  
  • 26873 Campus Point Drive Moreno Valley, 2
    • 4 beds 3 baths ∙ 2,889 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,889 Sqft ∙ Built 2004
    property image
    LEASED 01/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.76
    •  
  • 12734 Lasselle Street Moreno Valley, 4
    • 4 beds 3 baths ∙ 2,805 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,805 Sqft ∙ Built 2003
    property image
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.82
    •  
  • 13835 Nicholas Way Moreno Valley, 5
    • 4 beds 3 baths ∙ 3,052 Sqft ∙ Built 2016 4 beds 3 baths ∙ 3,052 Sqft ∙ Built 2016
    property image
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.78
    •  
PROPERTY LISTING DETAILS
Tes Poblete
Premiere Home Funding, Inc
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: 200041044
Last Updated: 08/25/2020
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