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14290 Woodlark Lane Moreno Valley, CA 92553

3 Beds 2 Baths 1,520 sqft Built 1987

$395,000

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $259.87
  • 4 Days on Market
  • MLS # : IV20241634
  • Updated Date : 11/19/2020 at 14:42
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,520 sqft
  • Baths : 2 full
Listing Agent

Realty Masters & Associates

Listing Agent's Description

This charming single-story home is located in the quiet community of Moreno Valley. At first glance, you will take notice of the large driveway and two-car garage, along with a concrete walkway that leads to a large, secluded front porch. This home has an open floorplan, featuring three large bedrooms, a bonus room, and two bathrooms. The living room features a brick fireplace, vaulted ceilings, and hardwood floors. The kitchen features oak cabinetry, tile floors, and an open floorplan that leads directly to the dining room. The large backyard has a covered patio, a large grass area, and plenty of room for entertaining. A great size home for any young family looking for a room to grow, or a large family looking to upsize. The home is conveniently located off the 60 freeway with easy access to local shopping, schools, and entertainment. Don't miss the opportunity to own this beautiful home!

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
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
 

$355,500$434,500$395,000

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$1,457
Property Tax -$408
Property Insurance -$64
Property Management Fees -$103
CASH FLOW
-$282

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.

$395,000

PROJECTED PRICE

$1,750

PROJECTED RENT

0.44%

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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$110,425

INVESTMENT

$110,425

Down Payment
$98,750
Rehab Estimate
$5,750
Closing Costs
$5,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,457

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $98,750
Loan Amount $296,250
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$6,545

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,750

    LIST RENT
  • $1.15

    LIST RENT PER SQFT
  • $1,828

    COMP ESTIMATED VALUE
  • $1.2

    COMP AVG. RENT PER SQFT
Comps Range
$1,575
1$1,5752$1,7503$1,8254$1,9505$2,000
$2,000
RENT COMPS ANALYSIS
  • 14290 Woodlark Lane Riverside, CA 2
    • 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.15
    •  
  • 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
    •  
  • 15605 Lasselle Street Moreno Valley, CA 3
    • 3 beds 3 baths ∙ 1,599 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,599 Sqft ∙ Built 2007
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $1.14
    •  
  • 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
Alyson Coate
Realty Masters & Associates
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV20241634
Last Updated: 11/19/2020
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