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21355 Tennyson Road Moreno Valley, CA 92557

5 Beds 3 Baths 2,567 sqft Built 1991

$495,000

List Price

$2,450

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $192.83
  • 4 Days on Market
  • MLS # : IG21043428
  • Updated Date : 03/06/2021 at 11:15
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,567 sqft
  • Baths : 3 full
Listing Agent

Realty Masters & Associates

Listing Agent's Description

Location, Location, Location! This property is perfectly located close to the 215fwy & 60fwy easy access to both freeways. Tons of space indoor and outdoor. This home features 5 bedrooms 3 bathrooms and over 2500sqft of living space. Views from the front yard and backyard. Huge patio perfect for entertaining with a gazebo. New fencing surrounding the property. Landscaping is beautiful! Walking distance from parks and hiking trials. No HOA and Low Taxes. Come Quick this one won't last!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$445,500$544,500$495,000

PURCHASE PRICE

$2,205$2,695$2,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,450
EXPENSES Loan Payment -$1,719
Property Tax -$500
Property Insurance -$89
Property Management Fees -$145
CASH FLOW
-$3

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.

$495,000

PROJECTED PRICE

$2,450

PROJECTED RENT

0.49%

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$1.8M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

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$136,925

INVESTMENT

$136,925

Down Payment
$123,750
Rehab Estimate
$5,750
Closing Costs
$7,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,719

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $123,750
Loan Amount $371,250
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$29,598

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,450

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $2,413

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$2,075
1$2,0752$2,2003$2,2504$2,3505$2,450
$2,450
RENT COMPS ANALYSIS
  • 21355 Tennyson Road Moreno Valley, CA 5
    • 5 beds 3 baths ∙ 2,567 Sqft ∙ Built 1991 5 beds 3 baths ∙ 2,567 Sqft ∙ Built 1991
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.95
    •  
  • 21484 Dickinson Road Moreno Valley, CA 1
    • 5 beds 3 baths ∙ 2,321 Sqft ∙ Built 1990 5 beds 3 baths ∙ 2,321 Sqft ∙ Built 1990
    property image
    LEASED 12/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,075
    • $0.89
    •  
  • 22561 Barons Court Moreno Valley, CA 2
    • 4 beds 3 baths ∙ 2,433 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,433 Sqft ∙ Built 1992
    property image
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.90
    •  
  • 21129 Dickinson Road Moreno Valley, CA 3
    • 5 beds 3 baths ∙ 2,321 Sqft ∙ Built 1990 5 beds 3 baths ∙ 2,321 Sqft ∙ Built 1990
    property image
    LEASED 06/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.97
    •  
  • 10335 Brookmead Drive Moreno Valley, CA 4
    • 4 beds 3 baths ∙ 2,358 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,358 Sqft ∙ Built 1987
    property image
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.00
    •  
PROPERTY LISTING DETAILS
Jonathan Ybarra
Realty Masters & Associates
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IG21043428
Last Updated: 03/06/2021
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