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25131 Fay Avenue Moreno Valley, CA 92551

3 Beds 2 Baths 1,123 sqft Built 1959

$330,000

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1959
  • Price/Sqft : $293.86
  • 2 Days on Market
  • MLS # : AR21000468
  • Updated Date : 01/02/2021 at 20:21
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,123 sqft
  • Baths : 2 full
Listing Agent

Irn Realty

Listing Agent's Description

Perfect home for a small family. This property includes central ac, fresh paint, newly remodelled kitchen and vynal flooring throughout the whole home.

SEE MORE

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: 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
 

$297,000$363,000$330,000

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$1,218
Property Tax -$347
Property Insurance -$54
Property Management Fees -$103
CASH FLOW
$28

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.

$330,000

PROJECTED PRICE

$1,750

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.76%
Appreciation Year (1-5) 10.5%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$93,200

INVESTMENT

$93,200

Down Payment
$82,500
Rehab Estimate
$5,750
Closing Costs
$4,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,218

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,500
Loan Amount $247,500
See What Happens When You Reinvest Cash Flow

6.08

YEARS SAVED

$27,096

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,750

    LIST RENT
  • $1.56

    LIST RENT PER SQFT
  • $1,774

    COMP ESTIMATED VALUE
  • $1.58

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7503$1,9004$2,395
$2,395
RENT COMPS ANALYSIS
  • 25131 Fay Avenue Moreno Valley, CA 2
    • 3 beds 2 baths ∙ 1,123 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,123 Sqft ∙ Built 1959
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.56
    •  
  • 24330 Saint James Drive Moreno Valley, CA 1
    • 4 beds 2 baths ∙ 1,290 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,290 Sqft ∙ Built 1976
    property image
    LEASED 11/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.32
    •  
  • 13694 Persimmon Road Moreno Valley, CA 3
    • 3 beds 2 baths ∙ 1,116 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,116 Sqft ∙ Built 1979
    property image
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.70
    •  
  • 14335 Agave Street Moreno Valley, CA 4
    • 4 beds 2 baths ∙ 1,395 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,395 Sqft ∙ Built 1978
    property image
    LEASED 01/02/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.72
    •  
PROPERTY LISTING DETAILS
Kevin Quan
Irn Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: AR21000468
Last Updated: 01/02/2021
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