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17291 Calle Rio Vista Moreno Valley, CA 92551

3 Beds 3 Baths 2,954 sqft Built 2005

$475,000

List Price

$2,240

$2K - $2.5K

Rent Est.

PROPERTY INFO

January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $160.80
  • 4 Days on Market
  • MLS # : AR21007254
  • Updated Date : 01/14/2021 at 10:23
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,954 sqft
  • Baths : 2 full , 1 half
Listing Agent

Moon Realty

Listing Agent's Description

New laminate floors, A/C air ducts, attic insulation, blinds, and interior paint. This beautiful home is perfect for first time buyers or investors. It is located on a quiet street that is close to the schools, parks, shopping centers and Lake Perris. It has convenient access to the 215 freeway. This home features 3 bedrooms and 2.5 baths. As you walk through the front door, you are greeted with a family room that connects to the open floor plan which includes the large living area, kitchen, and dining area. The living area has a sliding door which gives you access to the large private backyard. There is also an extra den that can be used as you see fit! All bedrooms are located upstairs; two bedrooms and a grand master bedroom with TWO walk-in closets, a large loft which can be used as an entertainment area, fitness area, or home office.

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MARKET HIGHLIGHTS

  • 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)
  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (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
Lasselle Elementary School Primary Regular 915 33 7
Vista Verde Middle School Middle Regular 932 39 4
Rancho Verde High School High Regular 3,262 122 5

Lasselle Elementary School

  • Education Level: Primary
  • # of students: 915
  • # of teachers: 33
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
 

$427,500$522,500$475,000

PURCHASE PRICE

$2,016$2,464$2,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,240
EXPENSES Loan Payment -$1,650
Property Tax -$585
Property Insurance -$99
HOA -$29
Property Management Fees -$132
CASH FLOW
-$254

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.

$475,000

PROJECTED PRICE

$2,240

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$131,625

INVESTMENT

$131,625

Down Payment
$118,750
Rehab Estimate
$5,750
Closing Costs
$7,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,650

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $118,750
Loan Amount $356,250
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$8,648

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,240

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $2,462

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$2,195
1$2,1952$2,2403$2,3004$2,500
$2,500
RENT COMPS ANALYSIS
  • 17291 Calle Rio Vista Moreno Valley, CA 2
    • 3 beds 3 baths ∙ 2,954 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,954 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,240
    • $0.76
    •  
  • 25305 Courtney Drive Moreno Valley, CA 1
    • 4 beds 3 baths ∙ 2,960 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,960 Sqft ∙ Built 2004
    LEASED 10/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.74
    •  
  • 15705 Mesa Verde Drive Moreno Valley, CA 3
    • 4 beds 3 baths ∙ 2,674 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,674 Sqft ∙ Built 2004
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.86
    •  
  • 26245 Unbridled Circle Moreno Valley, CA 4
    • 3 beds 3 baths ∙ 2,778 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,778 Sqft ∙ Built 2005
    LEASED 09/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.90
    •  
PROPERTY LISTING DETAILS
William Yao
Moon Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: AR21007254
Last Updated: 01/14/2021
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