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21199 Lands End Moreno Valley, CA 92557

4 Beds 3 Baths 1,936 sqft Built 1991

$485,000

List Price

$2,270

$2K - $2.5K

Rent Est.

PROPERTY INFO

January 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $250.52
  • 5 Days on Market
  • MLS # : IV21008833
  • Updated Date : 01/22/2021 at 12:46
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,936 sqft
  • Baths : 3 full
Listing Agent

Frazier Group Realty

Listing Agent's Description

Come enjoy this wonderfully situated Cul De Sac Home with a Pool, Spa & Views! Perfect for your summer parties and entertaining! This home has almost 2,000 square feet of living space including 4 Bedrooms, 2.5 Bathrooms, Kitchen with an Island, Family Room, Formal Dining Room and Living Room. Indoor Laundry with Soaking Sink and Private Deck off the Master Suite. The Master Bedroom Boast a Walk-in Closet and separate Linen Closet PLUS Dual Sinks, Soaking Tub and Shower. The interior walls have been Freshly Painted and floors have been deep cleaned. This is one of the Largest Lots in the neighborhood and there is plenty of space to Play, Grow a Garden, BBQ and Sunbathe. A fenced off Pool for added safety all in the privacy of your own backyard. Short distance to local schools and University of California, Riverside, shopping, restaurants and easy access to the freeways! Prime North Moreno Valley location.

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
Seneca Elementary School Primary Regular 471 19 3
Vista Heights Middle School Middle Regular 1,414 51 5
Canyon Springs High School High Regular 2,488 96 5

Seneca Elementary School

  • Education Level: Primary
  • # of students: 471
  • # of teachers: 19
3
GreatSchools Rating

Vista Heights Middle School

  • Education Level: Middle
  • # of students: 1,414
  • # of teachers: 51
5
GreatSchools Rating

Canyon Springs High School

  • Education Level: High
  • # of students: 2,488
  • # of teachers: 96
5
GreatSchools Rating
 

$436,500$533,500$485,000

PURCHASE PRICE

$2,043$2,497$2,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,270
EXPENSES Loan Payment -$1,685
Property Tax -$490
Property Insurance -$74
Property Management Fees -$134
CASH FLOW
-$113

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.

$485,000

PROJECTED PRICE

$2,270

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$15k

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$134,275

INVESTMENT

$134,275

Down Payment
$121,250
Rehab Estimate
$5,750
Closing Costs
$7,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,685

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $121,250
Loan Amount $363,750
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$19,746

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,270

    LIST RENT
  • $1.17

    LIST RENT PER SQFT
  • $2,435

    COMP ESTIMATED VALUE
  • $1.26

    COMP AVG. RENT PER SQFT
Comps Range
$2,270
1$2,2702$2,2953$2,4004$2,5805$2,600
$2,600
RENT COMPS ANALYSIS
  • 21199 Lands End Moreno Valley, CA 1
    • 4 beds 3 baths ∙ 1,936 Sqft ∙ Built 1991 4 beds 3 baths ∙ 1,936 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $2,270
    • $1.17
    •  
  • 21294 Townsendia Avenue Moreno Valley, CA 2
    • 4 beds 3 baths ∙ 1,767 Sqft ∙ Built 1989 4 beds 3 baths ∙ 1,767 Sqft ∙ Built 1989
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.30
    •  
  • 21150 Penunuri Moreno Valley, CA 3
    • 4 beds 2 baths ∙ 2,125 Sqft ∙ Built 1992 4 beds 2 baths ∙ 2,125 Sqft ∙ Built 1992
    LEASED 07/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.13
    •  
  • 21405 Lilium Court Moreno Valley, CA 4
    • 4 beds 3 baths ∙ 1,943 Sqft ∙ Built 1989 4 beds 3 baths ∙ 1,943 Sqft ∙ Built 1989
    LEASED 09/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,580
    • $1.33
    •  
  • 21297 Tennyson Road Moreno Valley, CA 5
    • 4 beds 3 baths ∙ 2,052 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,052 Sqft ∙ Built 1991
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.27
    •  
PROPERTY LISTING DETAILS
Briana Frazier
Frazier Group Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV21008833
Last Updated: 01/22/2021
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