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25646 Brodiaea Avenue Moreno Valley, CA 92553

5 Beds 3 Baths 2,012 sqft Built 1988

$409,999

List Price

$1,980

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $203.78
  • 2 Days on Market
  • MLS # : IV21030215
  • Updated Date : 02/13/2021 at 16:26
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,012 sqft
  • Baths : 3 full
Listing Agent

Re/max One

Listing Agent's Description

Great Opportunity* Desirable neighborhood in Moreno Valley* 5 Spacious Bedroom and 3 Baths* 1 Bedroom conveniently located on 1st Floor and 4 Bedrooms on the 2nd floor* Property in need of TLC, but has great Potential* Entrance with High ceilings* 2 Living Areas with a Living Room and Family Room with Fireplace* Formal Dining area* Spacious Kitchen with Large Window overlooking Back yard* Master bedroom en suite with Double vanity, walk in closet, and private Balcony* Backyard is spacious with Cement perfect for Entertaining* Front Yard with Iron Fence* Conveniently located near markets, schools, and major freeways* Will not last, come take a look before it is gone.

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
Hendrick Ranch Elementary School Primary Regular 696 24 3
Landmark Middle School Middle Regular 1,244 52 2
Vista Del Lago High School High Regular 2,189 87 4

Hendrick Ranch Elementary School

  • Education Level: Primary
  • # of students: 696
  • # of teachers: 24
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
 

$368,999$450,999$409,999

PURCHASE PRICE

$1,782$2,178$1,980

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,980
EXPENSES Loan Payment -$1,424
Property Tax -$423
Property Insurance -$76
Property Management Fees -$117
CASH FLOW
-$60

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.

$409,999

PROJECTED PRICE

$1,980

PROJECTED RENT

0.48%

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

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$114,400

INVESTMENT

$114,400

Down Payment
$102,500
Rehab Estimate
$5,750
Closing Costs
$6,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,424

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $102,500
Loan Amount $307,499
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$19,219

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,980

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,937

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$1,9803$1,9954$2,1805$2,450
$2,450
RENT COMPS ANALYSIS
  • 25646 Brodiaea Avenue Moreno Valley, CA 2
    • 5 beds 3 baths ∙ 2,012 Sqft ∙ Built 1988 5 beds 3 baths ∙ 2,012 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $1,980
    • $0.98
    •  
  • 13053 Sweetfern Street Moreno Valley, CA 1
    • 4 beds 3 baths ∙ 2,327 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,327 Sqft ∙ Built 1990
    LEASED 09/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.82
    •  
  • 15539 Firerock Lane Moreno Valley, CA 3
    • 4 beds 3 baths ∙ 1,994 Sqft ∙ Built 2003 4 beds 3 baths ∙ 1,994 Sqft ∙ Built 2003
    LEASED 09/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.00
    •  
  • 26301 Casa Encantador Road Moreno Valley, CA 4
    • 4 beds 3 baths ∙ 2,257 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,257 Sqft ∙ Built 2004
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,180
    • $0.97
    •  
  • 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
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.06
    •  
PROPERTY LISTING DETAILS
Martha Morua
Re/max One
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV21030215
Last Updated: 02/13/2021
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