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
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $201.67
- 4 Days on Market
- MLS # : IG21028499
- Updated Date : 02/12/2021 at 13:23
CONSTRUCTION
- Beds : 4
- Floor Size : 2,628 sqft
- Baths : 2 full
Listing Agent
Realty Masters & Associates
Listing Agent's Description
Welcome to this amazing one story home with so many upgrades it will leave you in awe. This property features 4 bedrooms 3 baths & over 2600ft of living space. Soon as you pull up you will notice the beautiful landscaping and curb appeal. RV parking with a huge lot with fruit trees. Upgrades include Laminate flooring in all bedrooms, engineered wood throughout the common areas, Tile flooring in the bathrooms, Master bath has 6 jet tub, built in stainless steel convection oven and microwave/convection combination, 4.25 kW fully owned and paid off solar panels, recently painted the whole house inside and out with in the last 2yrs, seamless rain gutters installed, French doors in dinning room upgraded just to name a few. Close to fwy, schools, parks & shopping areas. Don't miss your opportunity to check out this beautiful home. Vitural Tour Available online www.13705kelton.com
SEE MORE
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
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,200 |
| EXPENSES | Loan Payment | -$1,841 |
| Property Tax | -$558 | |
| Property Insurance | -$91 | |
| Property Management Fees | -$130 | |
|
CASH FLOW
-$419
|
||
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.
$529,999
PROJECTED PRICE
$2,200
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$146,200
LOAN DETAILS
$1,841
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $132,500 |
| Loan Amount | $397,499 |
1.5
YEARS SAVED
$4,570
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,200
LIST RENT -
$0.84
LIST RENT PER SQFT
-
$2,221
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
-
13705 Kelton Court Moreno Valley, CA 2
- 4 beds 2 baths ∙ 2,628 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,628 Sqft ∙ Built 2006
- Rent
- Rent Per SQFT
- $2,200
- $0.84
-
14862 Province Circle Moreno Valley, CA 1
- 4 beds 3 baths ∙ 2,524 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,524 Sqft ∙ Built 2004
LEASED 08/16/19- Rent
- Rent Per SQFT
- $2,000
- $0.79
-
15252 Adobe Way Moreno Valley, CA 3
- 4 beds 3 baths ∙ 2,721 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,721 Sqft ∙ Built 2002
LEASED 09/11/20- Rent
- Rent Per SQFT
- $2,350
- $0.86
-
14627 Vasco Way Moreno Valley, CA 4
- 5 beds 4 baths ∙ 2,912 Sqft ∙ Built 2004 5 beds 4 baths ∙ 2,912 Sqft ∙ Built 2004
LEASED 07/31/20- Rent
- Rent Per SQFT
- $2,400
- $0.82
-
13710 Oakley Drive Moreno Valley, CA 5
- 4 beds 2 baths ∙ 2,628 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,628 Sqft ∙ Built 2006
LEASED 07/16/20- Rent
- Rent Per SQFT
- $2,400
- $0.91
PROPERTY LISTING DETAILS
Realty Masters & Associates
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: IG21028499
Last Updated: 02/12/2021
