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15665 Navaja Moreno Valley, CA 92551

6 Beds 3 Baths 2,671 sqft Built 2000

$458,500

List Price

$2,410

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

December 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $171.66
  • 8 Days on Market
  • MLS # : IV20255901
  • Updated Date : 12/21/2020 at 14:42
CONSTRUCTION
  • Beds : 6
  • Floor Size : 2,671 sqft
  • Baths : 3 full
Listing Agent

Realty Masters & Associates

Listing Agent's Description

** LARGE, MOVE-IN READY, SIX ROOM HOME WITH LARGE LOFT (being used as 2nd Master), DINING AREA AND CUL-DE-SAC LARGE LOT SIZE AND MORE ** This Unique Beautiful Move-in Ready Home, located in a high demand neighborhood near schools, shopping, restaurants and quick access to the freeway features a LARGE Full Master Suite with its own private Bathroom and Bonus Retreat Area (long, spacious Master Bedroom), the DOWNSTAIRS Bedroom is next to a Full-Bathroom (perfect for guests and those who may not be able to access upstairs as easily), there are an additional THREE bedrooms upstairs (Master is the 4th) and a LARGE [sixth] Bonus Room currently being used as a SECOND MASTER!! Rooms are laid out in such a way that the large loft may be easily renovated to match the 7 Bedrooms on Title. Upstairs has an open Loft/Office area with Laundry Chute outside the upstairs bathroom. Downstairs features a Family Room, Separate Dining Area, Living Room with Fireplace, Large Open Kitchen Area, Nice Newer Wood Textured Tile, Granite/Stone Slab Kitchen Countertop, Stove, Dishwasher and many more features!! Downstairs Laundry Room, THREE CAR GARAGE, Backyard Storage Shed on a concrete slab! The Backyard also features a LARGE lot size for the neighborhood as the property is located at the end of a Cul-De-Sac perfect for family gatherings and a larger personal space!! >>> BONUS: LOW TAXES!! <<< Newer Flooring, Paint, Etc. Throughout + Home Warranty Included!!! Don't Miss Out on this Unique Home!!

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

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
 

$412,650$504,350$458,500

PURCHASE PRICE

$2,169$2,651$2,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,410
EXPENSES Loan Payment -$1,692
Property Tax -$539
Property Insurance -$92
HOA -$47
Property Management Fees -$142
CASH FLOW
-$101

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.

$458,500

PROJECTED PRICE

$2,410

PROJECTED RENT

0.53%

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$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$127,253

INVESTMENT

$127,253

Down Payment
$114,625
Rehab Estimate
$5,750
Closing Costs
$6,878

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,692

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $114,625
Loan Amount $343,875
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$22,471

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,410

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $2,359

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$2,195
1$2,1952$2,3003$2,4104$2,450
$2,450
RENT COMPS ANALYSIS
  • 15665 Navaja Moreno Valley, CA 3
    • 6 beds 3 baths ∙ 2,671 Sqft ∙ Built 2000 6 beds 3 baths ∙ 2,671 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $2,410
    • $0.90
    •  
  • 25975 La Barca Road Moreno Valley, CA 1
    • 5 beds 3 baths ∙ 2,593 Sqft ∙ Built 1989 5 beds 3 baths ∙ 2,593 Sqft ∙ Built 1989
    LEASED 05/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.85
    •  
  • 15860 Camino Real Moreno Valley, CA 2
    • 5 beds 3 baths ∙ 2,671 Sqft ∙ Built 2000 5 beds 3 baths ∙ 2,671 Sqft ∙ Built 2000
    LEASED 12/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.86
    •  
  • 26250 Stallion Road Moreno Valley, CA 4
    • 5 beds 3 baths ∙ 2,605 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,605 Sqft ∙ Built 2004
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.94
    •  
PROPERTY LISTING DETAILS
Esteban Robledo
Realty Masters & Associates
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV20255901
Last Updated: 12/21/2020
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