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21881 Winding Road Moreno Valley, CA 92557

3 Beds 2 Baths 1,385 sqft Built 1984

$385,000

List Price

$1,670

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

October 28, 2020 RECENTLY ADDED
FACTS
  • Built In 1984
  • Price/Sqft : $277.98
  • 8 Days on Market
  • MLS # : CV20212636
  • Updated Date : 11/02/2020 at 18:26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,385 sqft
  • Baths : 2 full
Listing Agent

Mainstreet Realtors

Listing Agent's Description

Beautiful Moreno Valley home won’t last! This single story spacious and well cared for home has three bedrooms, two bathrooms, a living room, den, enclosed sunroom, shed, two car garage and RV parking on over 10,000 ft.² of land. The kitchen has been upgraded with granite countertops, the master bathroom has been completely remodeled and brand new air conditioning and heating system has been installed this year. The common areas have recently been painted and upgraded with wood laminate flooring. Plantation shutters decorate the windows throughout and enjoy a fireplace in the den. City views from the backyard are priceless, plus covered patios in the front and back. Very close to the 60freeway and shopping.

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
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
 

$346,500$423,500$385,000

PURCHASE PRICE

$1,503$1,837$1,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,670
EXPENSES Loan Payment -$1,420
Property Tax -$389
Property Insurance -$61
Property Management Fees -$99
CASH FLOW
-$299

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.

$385,000

PROJECTED PRICE

$1,670

PROJECTED RENT

0.43%

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$107,775

INVESTMENT

$107,775

Down Payment
$96,250
Rehab Estimate
$5,750
Closing Costs
$5,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,420

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $96,250
Loan Amount $288,750
See What Happens When You Reinvest Cash Flow

1.75

YEARS SAVED

$5,303

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,670

    LIST RENT
  • $1.21

    LIST RENT PER SQFT
  • $1,794

    COMP ESTIMATED VALUE
  • $1.3

    COMP AVG. RENT PER SQFT
Comps Range
$1,670
1$1,6702$1,8003$1,9254$1,9505$2,000
$2,000
RENT COMPS ANALYSIS
  • 21881 Winding Road Moreno Valley, CA 1
    • 3 beds 2 baths ∙ 1,385 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,385 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $1,670
    • $1.21
    •  
  • 11981 Day Street Moreno Valley, CA 2
    • 3 beds 2 baths ∙ 1,385 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,385 Sqft ∙ Built 1983
    LEASED 02/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.30
    •  
  • 22615 Sheffield Drive Moreno Valley, CA 3
    • 3 beds 2 baths ∙ 1,515 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,515 Sqft ∙ Built 1987
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $1.27
    •  
  • 21454 Woolf Court Moreno Valley, CA 4
    • 3 beds 3 baths ∙ 1,489 Sqft ∙ Built 1992 3 beds 3 baths ∙ 1,489 Sqft ∙ Built 1992
    LEASED 10/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.31
    •  
  • 21300 Pala Foxia Place Moreno Valley, CA 5
    • 3 beds 3 baths ∙ 1,536 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,536 Sqft ∙ Built 1989
    LEASED 10/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.30
    •  
PROPERTY LISTING DETAILS
Amanda Zito
Mainstreet Realtors
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20212636
Last Updated: 11/02/2020
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