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

25581 Bay Avenue Moreno Valley, CA 92553

4 Beds 3 Baths 2,048 sqft Built 1988

$425,000

List Price

$2,170

$2K - $2.4K

Rent Est.

PROPERTY INFO

November 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $207.52
  • 5 Days on Market
  • MLS # : IV20242528
  • Updated Date : 11/18/2020 at 18:31
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,048 sqft
  • Baths : 2 full , 1 half
Listing Agent

Alticore Realty

Listing Agent's Description

Beautiful Two Story Home located in the City of Moreno Valley ** Features 4 Bedroom, 2 full Baths and 1 Half Bath Downstairs ** Three Car Attached Garage ** Master Bedroom and Bath** Newer tile Floor ** Nice Kitchen and Tile Floors ** Bedroom Have Tile Floors ** Central Air Conditioning and Heat** Very Nice Back Yard with concrete and inground pool in ** Mature Plants and Fully Fenced ** Close to School, Shopping Centers and 215 & 60 Freeways ** Houses are still selling fast, don't wait **

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
Butterfield Elementary School Primary Regular 753 26 3
Mountain View Middle School Middle Regular 1,239 60 3
Vista Del Lago High School High Regular 2,189 87 4

Butterfield Elementary School

  • Education Level: Primary
  • # of students: 753
  • # of teachers: 26
3
GreatSchools Rating

Mountain View Middle School

  • Education Level: Middle
  • # of students: 1,239
  • # of teachers: 60
3
GreatSchools Rating

Vista Del Lago High School

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

$382,500$467,500$425,000

PURCHASE PRICE

$1,953$2,387$2,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,170
EXPENSES Loan Payment -$1,568
Property Tax -$435
Property Insurance -$77
Property Management Fees -$128
CASH FLOW
-$38

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.

$425,000

PROJECTED PRICE

$2,170

PROJECTED RENT

0.51%

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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$118,375

INVESTMENT

$118,375

Down Payment
$106,250
Rehab Estimate
$5,750
Closing Costs
$6,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,568

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $106,250
Loan Amount $318,750
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$27,529

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,170

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $2,156

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,1703$2,1804$2,3005$2,450
$2,450
RENT COMPS ANALYSIS
  • 25581 Bay Avenue Moreno Valley, CA 2
    • 4 beds 3 baths ∙ 2,048 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,048 Sqft ∙ Built 1988
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,170
    • $1.06
    •  
  • 12683 Ninebark Street Moreno Valley, CA 1
    • 3 beds 3 baths ∙ 1,796 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,796 Sqft ∙ Built 1986
    property image
    LEASED 09/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.11
    •  
  • 26301 Casa Encantador Road Moreno Valley, CA 3
    • 4 beds 3 baths ∙ 2,257 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,257 Sqft ∙ Built 2004
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,180
    • $0.97
    •  
  • 12621 Heartleaf Street Moreno Valley, CA 4
    • 4 beds 3 baths ∙ 2,141 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,141 Sqft ∙ Built 1984
    property image
    LEASED 08/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.07
    •  
  • 25932 Andre Court Moreno Valley, CA 5
    • 4 beds 3 baths ∙ 2,321 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,321 Sqft ∙ Built 1991
    property image
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.06
    •  
PROPERTY LISTING DETAILS
Isaac Salgado
Alticore Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV20242528
Last Updated: 11/18/2020
BESbswy