Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

25082 Filaree Moreno Valley, CA 92551

3 Beds 2 Baths 1,123 sqft Built 1959

INVESTimate

$335,000

List Price

$1,590

$1,431 - $1,749

Rent Est.

$370,108  ( +10.48%)   1 YR EST. FORECAST

PROPERTY INFO

August 23, 2020 RECENTLY ADDED
FACTS
  • Built In 1959
  • Price/Sqft : $298.31
  • 4 Days on Market
  • MLS # : IV20173017
  • Updated Date : 08/23/2020 at 16:05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,123 sqft
  • Baths : 2 full
Listing Agent

Alticore Realty

Listing Agent's Description

***LOOKING FOR A BEAUTIFUL HOME?*** HERE IT IS!*** APPOINTMENT ONLY*** Single story home,This beautiful property offer 3 Pretty good size bedrooms, two remodeled bathrooms with tile floor, At the entry you can walk into this cozy home which has tile floors and high ceiling. The kitchen is of good size and has ceramic tile floors, kitchen with specious counters, with extra cabinet space. Attached to the kitchen area is medium sized dining room and big specious living room. All three bedrooms are pretty good size. The back and sides of the property offers nice fences for privacy that spans the entire width of the property. The back yard is so private for kids to play or for those relaxing afternoons, this perfect private back yard with cover patio offers plenty of space for barbecuing or for family gatherings. The drive way is specious for extra cars, The front of the property offers a rolling gate that is part of the wrought iron fencing that spans the entire width of the property. . This property is perfect for families to enjoy.. The home is very close to schools, shopping, ETC. " **** DON'T LET THIS BEAUTY PASS YOU BY***

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: Warner Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $97k459k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Warner Ranch

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q280090010001100120013001400150016001700180019002000Rent in $7712044

* 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
Armada Elementary School Primary Regular 746 28 3
Landmark Middle School Middle Regular 1,244 52 2
Vista Del Lago High School High Regular 2,189 87 4

Armada Elementary School

  • Education Level: Primary
  • # of students: 746
  • # of teachers: 28
3
GreatSchools Rating

Landmark Middle School

  • Education Level: Middle
  • # of students: 1,244
  • # of teachers: 52
2
GreatSchools Rating

Vista Del Lago High School

  • Education Level: High
  • # of students: 2,189
  • # of teachers: 87
4
GreatSchools Rating
 

$301,500$368,500$335,000

PURCHASE PRICE

$1,431$1,749$1,590

RENT

DOWN PAYMENT
FINANCING

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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,590
EXPENSES Loan Payment -$1,236
Property Tax -$352
Property Insurance -$54
Property Management Fees -$99
CASH FLOW
-$152

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.

$335,000

PROJECTED PRICE

$1,590

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.76%
Appreciation Year (1-5) 10.48%
Maintenance Year (1-5) 8.00%
Vacancy 5.41%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$94,525

INVESTMENT

$94,525

Down Payment
$83,750
Rehab Estimate
$5,750
Closing Costs
$5,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,236

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $83,750
Loan Amount $251,250
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$11,229

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,590

    LIST RENT
  • $1.42

    LIST RENT PER SQFT
  • $1,466

    COMP ESTIMATED VALUE
  • $1.31

    COMP AVG. RENT PER SQFT
Comps Range
$1,445
1$1,4452$1,5903$1,700
$1,700
RENT COMPS ANALYSIS
  • 25082 Filaree Moreno Valley, 2
    • 3 beds 2 baths ∙ 1,123 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,123 Sqft ∙ Built 1959
    • Rent
    • Rent Per SQFT
    •  
    • $1,590
    • $1.42
    •  
  • 25119 Fay Ave. Moreno Valley, 1
    • 3 beds 1 baths ∙ 1,122 Sqft ∙ Built 1959 3 beds 1 baths ∙ 1,122 Sqft ∙ Built 1959
    LEASED 03/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,445
    • $1.29
    •  
  • 24330 Saint James Drive Moreno Valley, 3
    • 4 beds 2 baths ∙ 1,290 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,290 Sqft ∙ Built 1976
    LEASED 11/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.32
    •  
PROPERTY LISTING DETAILS
Sintia Castro
Alticore Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV20173017
Last Updated: 08/23/2020
BESbswy