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13955 Chagall Court Moreno Valley, CA 92553

4 Beds 2 Baths 1,845 sqft Built 1986

$380,000

List Price

$2,040

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 1986
  • Price/Sqft : $205.96
  • 2 Days on Market
  • MLS # : WS20227460
  • Updated Date : 11/02/2020 at 11:14
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,845 sqft
  • Baths : 2 full
Listing Agent

Ibuilder Group

Listing Agent's Description

Spacious corner lot! This beautiful Single Family Residence home located in the heart of Moreno Valley, It has 4 bedrooms , 2 bath with 1 bonus room of approx. 200 sqft. Great floor plan with spacious living room, dining area and kitchen space. The bathroom inside the master bedroom has double sink vanity. Plus, a convenient inside laundry room AC, water heater and kitchen appliances. Granite counter top. Large gazebo in the backyard. Brick wall. No HOA. Don't miss this opportunity. Good for investor buyer.

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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
Sunnymeadows Elementary School Primary Regular 655 24 4
Badger Springs Middle School Middle Regular 1,147 56 1
Moreno Valley High School High Regular 2,350 87 3

Sunnymeadows Elementary School

  • Education Level: Primary
  • # of students: 655
  • # of teachers: 24
4
GreatSchools Rating

Badger Springs Middle School

  • Education Level: Middle
  • # of students: 1,147
  • # of teachers: 56
1
GreatSchools Rating

Moreno Valley High School

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

$342,000$418,000$380,000

PURCHASE PRICE

$1,836$2,244$2,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,040
EXPENSES Loan Payment -$1,402
Property Tax -$391
Property Insurance -$72
Property Management Fees -$120
CASH FLOW
$55

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.

$380,000

PROJECTED PRICE

$2,040

PROJECTED RENT

0.54%

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$0.0$5.0k$10k$15k

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$106,450

INVESTMENT

$106,450

Down Payment
$95,000
Rehab Estimate
$5,750
Closing Costs
$5,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,402

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $95,000
Loan Amount $285,000
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$33,998

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,040

    LIST RENT
  • $1.11

    LIST RENT PER SQFT
  • $1,993

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$2,0003$2,0004$2,0405$2,100
$2,100
RENT COMPS ANALYSIS
  • 13955 Chagall Court Moreno Valley, CA 4
    • 4 beds 2 baths ∙ 1,845 Sqft ∙ Built 1986 4 beds 2 baths ∙ 1,845 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $2,040
    • $1.11
    •  
  • 23175 Lena Street Moreno Valley, CA 1
    • 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 1985
    LEASED 10/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.03
    •  
  • 24163 Horton Court Moreno Valley, CA 2
    • 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
    •  
  • 22780 Brompton Street Moreno Valley, CA 3
    • 3 beds 2 baths ∙ 1,787 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,787 Sqft ∙ Built 1989
    LEASED 05/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.12
    •  
  • 22810 Brompton Street Moreno Valley, CA 5
    • 4 beds 3 baths ∙ 1,975 Sqft ∙ Built 1990 4 beds 3 baths ∙ 1,975 Sqft ∙ Built 1990
    LEASED 09/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.06
    •  
PROPERTY LISTING DETAILS
Fanny Law
Ibuilder Group
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: WS20227460
Last Updated: 11/02/2020
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