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14168 Port Royal Place Moreno Valley, CA 92553

4 Beds 2 Baths 1,292 sqft Built 1990

$399,900

List Price

$1,600

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $309.52
  • 2 Days on Market
  • MLS # : EV21024998
  • Updated Date : 02/06/2021 at 07:06
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,292 sqft
  • Baths : 2 full
Listing Agent

Redfin

Listing Agent's Description

Move-in ready, single-story 4 bedroom/2 bath home in wonderful Moreno Valley neighborhood. Cul de sac street. No HOA. Low tax rate. Custom entry door, high ceilings, textured ceilings, deco paint, lots of natural light, and custom baseboards. The Living Room, Dining Room, and Kitchen have 14mm thick vinyl plank flooring, a custom concrete fireplace, and a hearth with a custom mantel. Dining Room and open kitchen with lots of cabinet space recessed LED lights, granite counters, stainless steel microwave, dishwasher, and stove included. Laundry area inside. Nice-sized secondary bedrooms. Bathroom 1 has ceramic tile flooring, framed mirror, granite counter, updated faucet, and tub shower combo. Large primary suite with plantation shutters and high ceiling. The primary bath has a double vanity, updated faucets, and a large tub shower combo with ceramic tile flooring. Attached 2-car garage with epoxy flooring, a large built-in workbench, and storage shelves. Covered patio, planter with fruit trees, and flat backyard with grass that has been recently reseeded and fertilized. New energy-efficient vinyl argon gas filled double pane windows. Buyer to assume Solar PPA. Close to schools, shopping, and easy access to 60 and 215 Fwys.

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
Hendrick Ranch Elementary School Primary Regular 696 24 3
Landmark Middle School Middle Regular 1,244 52 2
Vista Del Lago High School High Regular 2,189 87 4

Hendrick Ranch Elementary School

  • Education Level: Primary
  • # of students: 696
  • # of teachers: 24
3
GreatSchools Rating

Landmark Middle School

  • Education Level: Middle
  • # of students: 1,244
  • # of teachers: 52
2
GreatSchools Rating

Vista Del Lago High School

  • Education Level: High
  • # of students: 2,189
  • # of teachers: 87
4
GreatSchools Rating
 

$359,910$439,890$399,900

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,600
EXPENSES Loan Payment -$1,389
Property Tax -$412
Property Insurance -$58
Property Management Fees -$99
CASH FLOW
-$359

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.

$399,900

PROJECTED PRICE

$1,600

PROJECTED RENT

0.40%

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

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$111,724

INVESTMENT

$111,724

Down Payment
$99,975
Rehab Estimate
$5,750
Closing Costs
$5,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,975
Loan Amount $299,925
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$2,200

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,600

    LIST RENT
  • $1.24

    LIST RENT PER SQFT
  • $1,576

    COMP ESTIMATED VALUE
  • $1.22

    COMP AVG. RENT PER SQFT
Comps Range
$1,575
1$1,5752$1,6003$1,9304$1,9505$2,000
$2,000
RENT COMPS ANALYSIS
  • 14168 Port Royal Place Moreno Valley, CA 2
    • 4 beds 2 baths ∙ 1,292 Sqft ∙ Built 1990 4 beds 2 baths ∙ 1,292 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.24
    •  
  • 15425 Camino Grande Moreno Valley, CA 1
    • 3 beds 2 baths ∙ 1,287 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,287 Sqft ∙ Built 1986
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $1.22
    •  
  • 25896 Hollyberry Lane Moreno Valley, CA 3
    • 3 beds 3 baths ∙ 1,592 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,592 Sqft ∙ Built 1988
    LEASED 09/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,930
    • $1.21
    •  
  • 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
    •  
  • 14416 Janie Court Moreno Valley, CA 5
    • 4 beds 2 baths ∙ 1,611 Sqft ∙ Built 1988 4 beds 2 baths ∙ 1,611 Sqft ∙ Built 1988
    LEASED 08/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.24
    •  
PROPERTY LISTING DETAILS
Michael Espiritu
Redfin
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: EV21024998
Last Updated: 02/06/2021
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