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14768 Muirfield Street Moreno Valley, CA 92555

4 Beds 3 Baths 2,304 sqft Built 1989

$459,900

List Price

$2,170

$2K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $199.61
  • 6 Days on Market
  • MLS # : IV21038184
  • Updated Date : 02/25/2021 at 09:19
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,304 sqft
  • Baths : 3 full
Listing Agent

Re/max One

Listing Agent's Description

Gorgeous, Upgraded 4 Bdrm/3 Bath w Golf Course Views. This Former Model has been remodeled & has so many upgrades, it's hard to list them all! Vaulted Ceiling in Entry & Living Room. Tile Floors throughout the first floor, New Carpet on the 2nd story. Kitchen features a Contemporary Basket Weave Backsplash w Newer Cabinets (soft close doors & drawers) & a Custom-Made Island. Counters are Marble. There’s a Walk-In Pantry, Gas Cooktop, Double Oven, Blt in Microwave, Dishwasher & Double Sink. Kitchen is open to the family room. Cozy Fireplace in Family Room too! There’s a Downstairs Bdrm & Remodeled ¾ bath for your guests. Upstairs, you’ll find a Loft, 2 Bedrooms Plus the Master. The 2 secondary Bedrooms are connected by a Jack n Jill Bathroom, w Remodeled Cabinets, Double Sinks & Marble Counters. Master Bedroom has a lovely view of the Golf Course & surrounding Hills fm the Balcony. Master Bath boasts a Separate Shower & Lg Soaking Tub, Dual Sinks & Walk In Closet w Mirrored Wardrobe doors, Upgraded Vanity w Glass Sinks & more Marble Counters. Add’l features include: Indoor Laundry w Utility Sink & Cabinets, Dual Pane Windows, 6 inch Baseboards, Six Panel Doors & 2 A/C Units (one for each floor). Large Side Yard with Mature Trees, Block Walls and Wrought Iron Fences for Outdoor Living. 3 Car Garage for Cars & Storage. All of this in a Gated Community, HOA has a Pool & Spa. A short Walk to Grocery Store & Restaurants. Just 5 minutes to Lake Perris State Park.

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
Landmark Middle School Middle Regular 1,244 52 2
Vista Del Lago High School High Regular 2,189 87 4

Ridge Crest Elementary School

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

$413,910$505,890$459,900

PURCHASE PRICE

$1,953$2,387$2,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,170
EXPENSES Loan Payment -$1,597
Property Tax -$484
Property Insurance -$83
HOA -$118
Property Management Fees -$128
CASH FLOW
-$241

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.

$459,900

PROJECTED PRICE

$2,170

PROJECTED RENT

0.47%

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$127,624

INVESTMENT

$127,624

Down Payment
$114,975
Rehab Estimate
$5,750
Closing Costs
$6,899

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,597

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $114,975
Loan Amount $344,925
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$8,654

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,170

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $2,183

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$1,9503$2,0004$2,1705$2,200
$2,200
RENT COMPS ANALYSIS
  • 14768 Muirfield Street Moreno Valley, CA 4
    • 4 beds 3 baths ∙ 2,304 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,304 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $2,170
    • $0.94
    •  
  • 28817 Big Pine Way Moreno Valley, CA 1
    • 3 beds 3 baths ∙ 2,089 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,089 Sqft ∙ Built 2002
    LEASED 11/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.91
    •  
  • 28518 Eagle Street Moreno Valley, CA 2
    • 3 beds 4 baths ∙ 2,251 Sqft ∙ Built 2002 3 beds 4 baths ∙ 2,251 Sqft ∙ Built 2002
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.87
    •  
  • 14810 Pete Dye Street Moreno Valley, CA 3
    • 3 beds 3 baths ∙ 1,982 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,982 Sqft ∙ Built 2002
    LEASED 10/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.01
    •  
  • 28363 Birdie Street Moreno Valley, CA 5
    • 3 beds 3 baths ∙ 2,200 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,200 Sqft ∙ Built 2002
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.00
    •  
PROPERTY LISTING DETAILS
Shelly Lindekugel
Re/max One
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV21038184
Last Updated: 02/25/2021
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