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15090 Batton Street Moreno Valley, CA 92551

4 Beds 2 Baths 1,545 sqft Built 1978

$395,000

List Price

$1,770

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $255.66
  • 6 Days on Market
  • MLS # : CV21049941
  • Updated Date : 03/13/2021 at 19:39
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,545 sqft
  • Baths : 2 full
Listing Agent

Realty Masters & Associates

Listing Agent's Description

**UPGRADES, UPGRADES** Welcome home to this gorgeous 4BD 2BA Single Story home located in a family friendly community of Moreno Valley. This spacious upgraded home is 1,545sqft and sits on a great size lot of 7,405 and has so many features you don't want to miss. Upon entering this home you immediately see the newer wood laminate flooring and an extra large fireplace in the living room. The home has recently been upgraded less than a year ago, such upgrades include: New HVAC, New Roof, New Water Heater, New Flooring, Remodeled Kitchen with soft closing drawers and cabinets, Recessed Lighting throughout, Fans installed in all rooms, Newer Exterior Paint, & New Electrical Wiring throughout the house. You definitely need to see this home before its too late.

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: Chaparral Hills

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $116k459k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Chaparral Hills

ZipNIR Market*CityMarket2010Year2000 Q22019 Q290010001100120013001400150016001700180019002000Rent in $8672044

* 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
Chaparral Hills Elementary School Primary Regular 769 28 2
Badger Springs Middle School Middle Regular 1,147 56 1
Vista Del Lago High School High Regular 2,189 87 4

Chaparral Hills Elementary School

  • Education Level: Primary
  • # of students: 769
  • # of teachers: 28
2
GreatSchools Rating

Badger Springs Middle School

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

$1,593$1,947$1,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,770
EXPENSES Loan Payment -$1,372
Property Tax -$407
Property Insurance -$65
Property Management Fees -$104
CASH FLOW
-$178

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

$1,770

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.76%
Appreciation Year (1-5) 10.2%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

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

$1,372

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $98,750
Loan Amount $296,250
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$9,890

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,770

    LIST RENT
  • $1.15

    LIST RENT PER SQFT
  • $1,869

    COMP ESTIMATED VALUE
  • $1.21

    COMP AVG. RENT PER SQFT
Comps Range
$1,625
1$1,6252$1,6953$1,7704$1,9005$1,950
$1,950
RENT COMPS ANALYSIS
  • 15090 Batton Street Moreno Valley, CA 3
    • 4 beds 2 baths ∙ 1,545 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,545 Sqft ∙ Built 1978
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $1.15
    •  
  • 14937 Silvertree Road Moreno Valley, CA 1
    • 3 beds 2 baths ∙ 1,283 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,283 Sqft ∙ Built 1984
    property image
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $1.27
    •  
  • 14813 Briana Street Moreno Valley, CA 2
    • 3 beds 3 baths ∙ 1,417 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,417 Sqft ∙ Built 1985
    property image
    LEASED 04/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.20
    •  
  • 24807 Gatewood Street Moreno Valley, CA 4
    • 4 beds 2 baths ∙ 1,644 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,644 Sqft ∙ Built 1998
    property image
    LEASED 12/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.16
    •  
  • 14522 Parkwood Court Moreno Valley, CA 5
    • 4 beds 2 baths ∙ 1,608 Sqft ∙ Built 1986 4 beds 2 baths ∙ 1,608 Sqft ∙ Built 1986
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.21
    •  
PROPERTY LISTING DETAILS
Joseph Lopez
Realty Masters & Associates
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21049941
Last Updated: 03/13/2021
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