Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

13283 Goldenhorn Drive Corona, CA 92883

5 Beds 3 Baths 2,496 sqft Built 2001

$628,880

List Price

$2,850

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $251.96
  • 14 Days on Market
  • MLS # : IG21011588
  • Updated Date : 01/29/2021 at 16:10
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,496 sqft
  • Baths : 3 full
Listing Agent

Re/max Top Producers

Listing Agent's Description

EXQUISITE POOL HOME IN DESIRABLE HORSETHIEF CANYON RANCH COMMUNITY...A beautiful elevation, with well appointed architectural features, and a very inviting front porch and double door entry which leads you inside this home featuring a spacious and open floor plan. Formal Living and Dining Room Areas, Custom Engineered Laminate Wood Flooring throughout high traffic areas and bathrooms, Grand Family Room with Granite Inlay Fireplace, Dream Kitchen with Huge Island...Custom Granite Counters, Full Tumbled Stone Back splash, Stainless Steel Appliances, and a casual dining area. Downstairs are the 2 Large Bedrooms, Renovated Bathroom with Granite Counter. The Master Retreat highlights the upper level of the home, with a large Custom Organizer Walk-In Closet, beautiful bathroom with separate shower and tub. Lot highlighted by a magnificent Italian Inspired Pool and Spa Backyard Retreat, complete with Custom Covered Patio with Upgraded Columns, Ceiling Fan and a great Built-In BBQ Island. Horsethief Canyon Ranch is a master planned community nestled in the Cleveland National Forest, with the very best in amenities.

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: Horsethief Canyon Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $149k627k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Horsethief Canyon Ranch

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q21200140016001800200022002400Rent in $10822579

* 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
Luiseno Elementary School Primary Regular 1,042 42 4
Luiseno Elementary School Middle Regular 1,042 42 4
Temescal Canyon High School High Regular 2,172 89 7

Luiseno Elementary School

  • Education Level: Primary
  • # of students: 1,042
  • # of teachers: 42
4
GreatSchools Rating

Luiseno Elementary School

  • Education Level: Middle
  • # of students: 1,042
  • # of teachers: 42
4
GreatSchools Rating

Temescal Canyon High School

  • Education Level: High
  • # of students: 2,172
  • # of teachers: 89
7
GreatSchools Rating
 

$565,992$691,768$628,880

PURCHASE PRICE

$2,565$3,135$2,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,850
EXPENSES Loan Payment -$2,184
Property Tax -$553
Property Insurance -$88
HOA -$85
Property Management Fees -$168
CASH FLOW
-$228

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.

$628,880

PROJECTED PRICE

$2,850

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 6.2%
Maintenance Year (1-5) 8.00%
Vacancy 5.35%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$172,403

INVESTMENT

$172,403

Down Payment
$157,220
Rehab Estimate
$5,750
Closing Costs
$9,433

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,184

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $157,220
Loan Amount $471,660
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$21,479

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,850

    LIST RENT
  • $1.14

    LIST RENT PER SQFT
  • $2,858

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$2,475
1$2,4752$2,4953$2,8004$2,8005$2,850
$2,850
RENT COMPS ANALYSIS
  • 13283 Goldenhorn Drive Corona, CA 5
    • 5 beds 3 baths ∙ 2,496 Sqft ∙ Built 2001 5 beds 3 baths ∙ 2,496 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.14
    •  
  • 13710 Desert Ridge Corona, CA 1
    • 4 beds 2 baths ∙ 2,176 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,176 Sqft ∙ Built 2000
    LEASED 05/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,475
    • $1.14
    •  
  • 13167 Bay Meadows Court Corona, CA 2
    • 4 beds 2 baths ∙ 2,176 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,176 Sqft ∙ Built 1996
    LEASED 08/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.15
    •  
  • 13768 Buckskin Trail Drive Corona, CA 3
    • 4 beds 3 baths ∙ 2,400 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,400 Sqft ∙ Built 1999
    LEASED 08/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.17
    •  
  • 13333 Goldenhorn Drive Corona, CA 4
    • 5 beds 3 baths ∙ 2,496 Sqft ∙ Built 2001 5 beds 3 baths ∙ 2,496 Sqft ∙ Built 2001
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.12
    •  
PROPERTY LISTING DETAILS
Nelson Rodriguez
Re/max Top Producers
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IG21011588
Last Updated: 01/29/2021
BESbswy