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25566 Hyacinth Street Corona, CA 92883

3 Beds 3 Baths 2,492 sqft Built 2006

$540,000

List Price

$2,480

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $216.69
  • 5 Days on Market
  • MLS # : IG21037420
  • Updated Date : 02/24/2021 at 09:31
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,492 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group West

Listing Agent's Description

Gorgeous Sycamore Creek former model home located at entrance to a cul-de-sac. The home has recently been completely repainted inside and out. Downstairs features a bright, open and flowing floorplan. Beautiful Plantation Shutters throughout the first floor. The Kitchen features dark cabinetry and has recently been updated with granite countertops and custom backsplash. Enormous Pantry for additional storage. This space flows seamlessly to the Family Room that features a beautiful built-in entertainment center and fireplace with raised hearth. A Powder Room for your guests completes the downstairs. Ascend the upgraded wrought iron staircase to a large loft/bonus room. The Master Bedroom features wood flooring. The Master Bathroom features split vanities, large, Jacuzzi tub, separate shower and large walk-in closet. The two secondary bedrooms are a good size, feature wood floors, ceiling fans and walk-in closets. The second full bathroom features dual sinks, tub and shower. Your Laundry Room is also upstairs and has upper and lower cabinetry and a countertop. The backyard has been upgraded with extensive concrete, raised seating area and a three hole putting green. Two car garage and an oversized driveway. Highly rated Todd Academy School (K-8) located in community and only minutes from this home. Enjoy that fantastic Sycamore Creek amenities including multiple pools, clubhouse and the 75 acre DeLeo Regional Sportspark. Hurry on this one!

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: Sycamore Creek

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650kPrice in $149k671k

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

Neighborhood: Sycamore Creek

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2120014001600180020002200240026002800Rent in $10822805

* 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
Todd Academy Primary Regular 841 29 8
Todd Academy Middle Regular 841 29 8
Centennial High School High Regular 3,306 119 8

Todd Academy

  • Education Level: Primary
  • # of students: 841
  • # of teachers: 29
8
GreatSchools Rating

Todd Academy

  • Education Level: Middle
  • # of students: 841
  • # of teachers: 29
8
GreatSchools Rating

Centennial High School

  • Education Level: High
  • # of students: 3,306
  • # of teachers: 119
8
GreatSchools Rating
 

$486,000$594,000$540,000

PURCHASE PRICE

$2,232$2,728$2,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,480
EXPENSES Loan Payment -$1,876
Property Tax -$529
Property Insurance -$88
HOA -$68
Property Management Fees -$146
CASH FLOW
-$226

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.

$540,000

PROJECTED PRICE

$2,480

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 6.7%
Maintenance Year (1-5) 8.00%
Vacancy 5.35%
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$148,850

INVESTMENT

$148,850

Down Payment
$135,000
Rehab Estimate
$5,750
Closing Costs
$8,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,876

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $135,000
Loan Amount $405,000
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$15,663

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,480

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $2,610

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$2,375
1$2,3752$2,4803$2,4954$2,4955$2,500
$2,500
RENT COMPS ANALYSIS
  • 25566 Hyacinth Street Corona, CA 2
    • 3 beds 3 baths ∙ 2,492 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,492 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,480
    • $1.00
    •  
  • 25042 Acorn Court Corona, CA 1
    • 3 beds 3 baths ∙ 2,280 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,280 Sqft ∙ Built 2004
    property image
    LEASED 08/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,375
    • $1.04
    •  
  • 11185 Pinecone Street Corona, CA 3
    • 4 beds 3 baths ∙ 2,253 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,253 Sqft ∙ Built 2004
    property image
    LEASED 10/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.11
    •  
  • 11161 Pinecone Street Corona, CA 4
    • 3 beds 3 baths ∙ 2,280 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,280 Sqft ∙ Built 2004
    property image
    LEASED 07/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.09
    •  
  • 25794 Dove Street Corona, CA 5
    • 4 beds 2 baths ∙ 2,627 Sqft ∙ Built 2015 4 beds 2 baths ∙ 2,627 Sqft ∙ Built 2015
    property image
    LEASED 03/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.95
    •  
PROPERTY LISTING DETAILS
Joseph Foley
Realty One Group West
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IG21037420
Last Updated: 02/24/2021
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