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13705 Kelton Court Moreno Valley, CA 92555

4 Beds 2 Baths 2,628 sqft Built 2006

$529,999

List Price

$2,200

$2K - $2.4K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
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

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
Ridge Crest Elementary School Primary Regular 586 21 3
Mountain View Middle School Middle Regular 1,239 60 3
Valley View High School High Regular 2,686 107 4

Ridge Crest Elementary School

  • Education Level: Primary
  • # of students: 586
  • # of teachers: 21
3
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
 

$476,999$582,999$529,999

PURCHASE PRICE

$1,980$2,420$2,200

RENT

DOWN PAYMENT
FINANCING

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

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$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$146,200

INVESTMENT

$146,200

Down Payment
$132,500
Rehab Estimate
$5,750
Closing Costs
$7,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,841

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $132,500
Loan Amount $397,499
See What Happens When You Reinvest Cash Flow

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
$2,000
1$2,0002$2,2003$2,3504$2,4005$2,400
$2,400
RENT COMPS ANALYSIS
  • 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
Jonathan Ybarra
Realty Masters & Associates
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IG21028499
Last Updated: 02/12/2021
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