Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

15630 Jacara Lane Moreno Valley, CA 92551

4 Beds 2 Baths 1,410 sqft Built 2000

$368,880

List Price

$1,680

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $261.62
  • 5 Days on Market
  • MLS # : IG21050175
  • Updated Date : 03/11/2021 at 15:31
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,410 sqft
  • Baths : 2 full
Listing Agent

Re/max Top Producers

Listing Agent's Description

Welcome Home! Beautiful Single Story Located on A Corner Lot in the Highly Sought After Moreno Valley Ranch Master Planned Community! Featuring 3 Bedrooms + Den as an Optional 4th, 2 Bathrooms, 1,410 Square Feet on a Perfectly Laid Out Spacious Lot. Enter to Find the Desirable Open Floorplan Sure to Suit Your Entertaining Needs. Including Upgraded 18" Tile Flooring Throughout, Window Blinds, Open And Airy Family Room With Fireplace, Media Niche, and Ceiling Fan, The Sun Flawlessly Peaks In To Brighten Your Dining Area That Opens To Your Spacious Kitchen Which Includes Upgraded Appliances, Recessed Lighting And Wonderfully Laid out Garden Window. Master Suite With Ceiling Fans, Large Master Bathroom With Dual Sinks and Walk-In Closet. Generously Sized Secondary Bedrooms with Ceiling Fans, One with Direct Access to the Guest Bathroom, Den Ready for you to Make It Your Own! Private Back Yard with Newer Vinyl Fencing, Luscious Landscaping, Fruit Trees, Updgraded Patio Cover with Ceiling Fans and Large Concrete Side yards on Both Sides. Talk About Curb Appeal With Your Low Maintenance, Drought Tolerant Hardscape! Enjoy ALL the Incredible Amenities With Access to Your Private HOA, Amenities Are Nestled Into the Hills and Centered Around a 35-Acre Lake with Access to To Use The Association Toys, Large Community Pool & Jacuzzi, Fitness Centers, Rec Center, Water Park, Playgrounds, Truly The Ideal Resort Experience With a LOW Hoa Fee! Property Includes LOW Tax Rate!

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
Victoriano Elementary School Primary Regular 735 26 7
Vista Verde Middle School Middle Regular 932 39 4
Rancho Verde High School High Regular 3,262 122 5

Victoriano Elementary School

  • Education Level: Primary
  • # of students: 735
  • # of teachers: 26
7
GreatSchools Rating

Vista Verde Middle School

  • Education Level: Middle
  • # of students: 932
  • # of teachers: 39
4
GreatSchools Rating

Rancho Verde High School

  • Education Level: High
  • # of students: 3,262
  • # of teachers: 122
5
GreatSchools Rating
 

$331,992$405,768$368,880

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$1,281
Property Tax -$433
Property Insurance -$61
HOA -$49
Property Management Fees -$99
CASH FLOW
-$244

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.

$368,880

PROJECTED PRICE

$1,680

PROJECTED RENT

0.46%

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$103,503

INVESTMENT

$103,503

Down Payment
$92,220
Rehab Estimate
$5,750
Closing Costs
$5,533

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,281

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $92,220
Loan Amount $276,660
See What Happens When You Reinvest Cash Flow

1.83

YEARS SAVED

$4,474

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,680

    LIST RENT
  • $1.19

    LIST RENT PER SQFT
  • $1,654

    COMP ESTIMATED VALUE
  • $1.17

    COMP AVG. RENT PER SQFT
Comps Range
$1,575
1$1,5752$1,6803$1,8254$1,900
$1,900
RENT COMPS ANALYSIS
  • 15630 Jacara Lane Moreno Valley, CA 2
    • 4 beds 2 baths ∙ 1,410 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,410 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $1.19
    •  
  • 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
    property image
    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
    property image
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $1.14
    •  
  • 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
    •  
PROPERTY LISTING DETAILS
Jennifer Larson
Re/max Top Producers
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IG21050175
Last Updated: 03/11/2021
BESbswy