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15360 Zaharias Street Moreno Valley, CA 92555

4 Beds 3 Baths 2,319 sqft Built 1990

$450,000

List Price

$2,230

$2K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 17, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $194.05
  • 6 Days on Market
  • MLS # : SW21038657
  • Updated Date : 03/18/2021 at 15:36
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,319 sqft
  • Baths : 2 full , 1 half
Listing Agent

Reliable Realty Inc.

Listing Agent's Description

WORKING FROM HOME? Don't miss out on an INCREDIBLE OPPORTUNITY to own this beautiful home with a PERMITTED OFFICE in garage (COMPLETE with AC) located at the EAST end of Moreno Valley ~South of the freeway! This charmer is located in the highly desirable neighborhood of Rancho Belago within walking distance to Kaiser Permanente. Home offers awesome upgrades that include GORGEOUS real wood flooring downstairs and up as well as Plantation Shutters! Master bedroom and bath has been tastefully remodeled and highly upgraded~ fit for a King and Queen including a soaking tub and separate tiled shower with Farm door that opens to the Master closet. Master bedroom offers a large balcony perfect for enjoying sunsets over the golf course! Kitchen is loaded with cupboard and counter space and opens to the sunken family room perfectly appointed with a brick fireplace. Great entertainer backyard combines the richness of hardscape along with lush green grass having the Golf Course as your backdrop!... that's right.. NO REAR NEIGHBORS! BEST VALUE IN THE NEIGHBORHOOD !!!!NO HOA...

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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
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
 

$405,000$495,000$450,000

PURCHASE PRICE

$2,007$2,453$2,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,230
EXPENSES Loan Payment -$1,563
Property Tax -$474
Property Insurance -$83
Property Management Fees -$132
CASH FLOW
-$22

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.

$450,000

PROJECTED PRICE

$2,230

PROJECTED RENT

0.50%

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$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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,563

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$24,832

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,230

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $2,319

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,0003$2,0004$2,2005$2,230
$2,230
RENT COMPS ANALYSIS
  • 15360 Zaharias Street Moreno Valley, CA 5
    • 4 beds 3 baths ∙ 2,319 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,319 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $2,230
    • $0.96
    •  
  • 15539 Firerock Lane Moreno Valley, CA 1
    • 4 beds 3 baths ∙ 1,994 Sqft ∙ Built 2003 4 beds 3 baths ∙ 1,994 Sqft ∙ Built 2003
    LEASED 09/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.00
    •  
  • 26836 Calle Vejar Moreno Valley, CA 2
    • 4 beds 2 baths ∙ 2,021 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,021 Sqft ∙ Built 2004
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.99
    •  
  • 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 4
    • 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
Kellee Spillman-malone
Reliable Realty Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW21038657
Last Updated: 03/18/2021
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