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

13713 Moreno Way Moreno Valley, CA 92553

4 Beds 2 Baths 1,568 sqft Built 1979

$365,000

List Price

$1,820

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $232.78
  • 48 Days on Market
  • MLS # : SW21021827
  • Updated Date : 03/20/2021 at 05:04
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,568 sqft
  • Baths : 2 full
Listing Agent

Brubaker Culton R.e. & Dev.

Listing Agent's Description

INSTANT EQUITY. Bring your paint brush and tool belt to this diamond in the rough! This is a very spacious home on a tree lined street that is centrally located and freeway close. Don't miss out on the best priced 4 bedroom 2 bath home with a bonus room that could be used as a 5th bedroom. Call today for a private showing. By appointment only.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
Ramona Elementary School Primary Regular 802 27 3
Sunnymead Middle School Middle Regular 1,490 74 2
Moreno Valley High School High Regular 2,350 87 3

Ramona Elementary School

  • Education Level: Primary
  • # of students: 802
  • # of teachers: 27
3
GreatSchools Rating

Sunnymead Middle School

  • Education Level: Middle
  • # of students: 1,490
  • # of teachers: 74
2
GreatSchools Rating

Moreno Valley High School

  • Education Level: High
  • # of students: 2,350
  • # of teachers: 87
3
GreatSchools Rating
 

$328,500$401,500$365,000

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$1,268
Property Tax -$374
Property Insurance -$65
Property Management Fees -$107
CASH FLOW
$6

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.

$365,000

PROJECTED PRICE

$1,820

PROJECTED RENT

0.50%

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$102,475

INVESTMENT

$102,475

Down Payment
$91,250
Rehab Estimate
$5,750
Closing Costs
$5,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,268

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $91,250
Loan Amount $273,750
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$22,242

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,820

    LIST RENT
  • $1.16

    LIST RENT PER SQFT
  • $1,846

    COMP ESTIMATED VALUE
  • $1.18

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,8203$1,9504$1,9505$2,000
$2,000
RENT COMPS ANALYSIS
  • 13713 Moreno Way Moreno Valley, CA 2
    • 4 beds 2 baths ∙ 1,568 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,568 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $1,820
    • $1.16
    •  
  • 13448 Reindeer Street Moreno Valley, CA 1
    • 4 beds 2 baths ∙ 1,543 Sqft ∙ Built 1981 4 beds 2 baths ∙ 1,543 Sqft ∙ Built 1981
    LEASED 02/09/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.13
    •  
  • 13705 Dahl Way Moreno Valley, CA 3
    • 4 beds 2 baths ∙ 1,542 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,542 Sqft ∙ Built 1978
    LEASED 11/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.26
    •  
  • 14522 Parkwood Court Moreno Valley, CA 4
    • 4 beds 2 baths ∙ 1,608 Sqft ∙ Built 1986 4 beds 2 baths ∙ 1,608 Sqft ∙ Built 1986
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.21
    •  
  • 24163 Horton Court Moreno Valley, CA 5
    • 4 beds 2 baths ∙ 1,794 Sqft ∙ Built 1980 4 beds 2 baths ∙ 1,794 Sqft ∙ Built 1980
    LEASED 02/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.11
    •  
PROPERTY LISTING DETAILS
Tony Thomas
Brubaker Culton R.e. & Dev.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW21021827
Last Updated: 03/20/2021
BESbswy