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25646 Catalejo Lane Moreno Valley, CA 92551

4 Beds 3 Baths 1,816 sqft Built 1989

$449,000

List Price

$2,300

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $247.25
  • 6 Days on Market
  • MLS # : OC21148569
  • Updated Date : 07/09/2021 at 14:24
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,816 sqft
  • Baths : 3 full
Listing Agent

First Choice Investments

Listing Agent's Description

Move in ready four bedroom home! This Gorgeous home is located in the Moreno Valley Ranch HOA community and is ready to move in. Home has a beautiful entry way with mature landscape, vaulted ceiling living room, along with a separate family room and open kitchen concept. Downstairs bedroom with full bath and downstairs laundry separate laundry room; large master bedroom upstairs along with other spacious bedrooms. The kitchen has on open concept with lots of cabinetry and space for the Chef in you! Community amenities include: pool area/ lake access/ picnic and sports courts as well as park like setting for your everyday enjoyment. Low HOA and Low taxes.

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: 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
Victoriano Elementary School Primary Regular 735 26 7
Vista Verde Middle School Middle Regular 932 39 4
Rancho Verde High School High Regular 3,262 122 5

Victoriano Elementary School

  • Education Level: Primary
  • # of students: 735
  • # of teachers: 26
7
GreatSchools Rating

Vista Verde Middle School

  • Education Level: Middle
  • # of students: 932
  • # of teachers: 39
4
GreatSchools Rating

Rancho Verde High School

  • Education Level: High
  • # of students: 3,262
  • # of teachers: 122
5
GreatSchools Rating
 

$404,100$493,900$449,000

PURCHASE PRICE

$2,070$2,530$2,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,300
EXPENSES Loan Payment -$1,560
Property Tax -$527
Property Insurance -$71
HOA -$55
Property Management Fees -$136
CASH FLOW
-$49

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.

$449,000

PROJECTED PRICE

$2,300

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$124,735

INVESTMENT

$124,735

Down Payment
$112,250
Rehab Estimate
$5,750
Closing Costs
$6,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,560

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,250
Loan Amount $336,750
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$21,353

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,300

    LIST RENT
  • $1.27

    LIST RENT PER SQFT
  • $2,270

    COMP ESTIMATED VALUE
  • $1.25

    COMP AVG. RENT PER SQFT
Comps Range
$1,825
1$1,8252$2,2503$2,2504$2,3005$2,300
$2,300
RENT COMPS ANALYSIS
  • 25646 Catalejo Lane Moreno Valley, CA 5
    • 4 beds 3 baths ∙ 1,816 Sqft ∙ Built 1989 4 beds 3 baths ∙ 1,816 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.27
    •  
  • 15605 Lasselle Street Moreno Valley, CA 1
    • 3 beds 3 baths ∙ 1,599 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,599 Sqft ∙ Built 2007
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $1.14
    •  
  • 26541 Thoroughbred Lane Moreno Valley, CA 2
    • 4 beds 2 baths ∙ 1,777 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,777 Sqft ∙ Built 2003
    LEASED 06/03/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.27
    •  
  • 26473 Prairie Lane Moreno Valley, CA 3
    • 4 beds 2 baths ∙ 1,772 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,772 Sqft ∙ Built 2002
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.27
    •  
  • 25477 El Greco Drive Moreno Valley, CA 4
    • 4 beds 3 baths ∙ 1,749 Sqft ∙ Built 1984 4 beds 3 baths ∙ 1,749 Sqft ∙ Built 1984
    LEASED 05/23/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.32
    •  
PROPERTY LISTING DETAILS
Krissia Pena
First Choice Investments
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21148569
Last Updated: 07/09/2021
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