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25672 Laurelwood Place Moreno Valley, CA 92557

4 Beds 3 Baths 2,185 sqft Built 1989

INVESTimate

$479,900

List Price

$2,080

$1,872 - $2,288

Rent Est.

$523,715  ( +9.13%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 1989
  • Price/Sqft : $219.63
  • 3 Days on Market
  • MLS # : IG20167186
  • Updated Date : 08/25/2020 at 15:35
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,185 sqft
  • Baths : 3 full
Listing Agent

Red Diamond Realty

Listing Agent's Description

Welcome Home! This property checks all the boxes in terms of condition, location, and charm! Tucked away near the end of a beautiful, quiet cul-de-sac, this home exudes pride of ownership, is turnkey, and offers so many great features for its new owners. Every room in the house has been updated. From the Brazilian granite counter tops in the kitchen, custom stacked stone fireplace in the family room, to the top of the line plumbing fixtures in the updated bathrooms. This home offers a warm and inviting feel with a spacious floor plan. The main floor has a large, private bedroom with a full bathroom, along with an added cozy bonus room perfect for an office or kids play room. Upstairs you will find two over-sized bedrooms, each with their own walk-in closets, and both display gorgeous mountain views. And don’t forget the master bedroom is the perfect retreat for your long days, with a walk-in closet and double sinks in the vanity. If that’s not enough, you WILL fall in love with the perfectly manicured grounds of this 10,000+ square foot lot, displaying citrus trees of lemon, navel orange, Mandarin orange, and a sweet loquat tree. The gorgeous yard is complete with RV parking, a playhouse, and storage shed in the back of the property. Additional recent updates include: exterior paint, carpet, AC system, water heater, and fully repaired roof. Conveniently located close to shopping and great schools; this property is sure to impress even your pickiest buyers!

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
Cloverdale Elementary School Primary Regular 697 25 3
Palm Middle School Middle Regular 1,261 46 3
Valley View High School High Regular 2,686 107 4

Cloverdale Elementary School

  • Education Level: Primary
  • # of students: 697
  • # of teachers: 25
3
GreatSchools Rating

Palm Middle School

  • Education Level: Middle
  • # of students: 1,261
  • # of teachers: 46
3
GreatSchools Rating

Valley View High School

  • Education Level: High
  • # of students: 2,686
  • # of teachers: 107
4
GreatSchools Rating
 

$431,910$527,890$479,900

PURCHASE PRICE

$1,872$2,288$2,080

RENT

DOWN PAYMENT
FINANCING

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

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,080
EXPENSES Loan Payment -$1,771
Property Tax -$488
Property Insurance -$80
Property Management Fees -$123
CASH FLOW
-$382

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.

$479,900

PROJECTED PRICE

$2,080

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.76%
Appreciation Year (1-5) 9.13%
Maintenance Year (1-5) 8.00%
Vacancy 5.41%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$132,924

INVESTMENT

$132,924

Down Payment
$119,975
Rehab Estimate
$5,750
Closing Costs
$7,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,771

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $119,975
Loan Amount $359,925
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$6,286

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,080

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $2,278

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,0803$2,2004$2,4505$2,575
$2,575
RENT COMPS ANALYSIS
  • 25672 Laurelwood Place Moreno Valley, 2
    • 4 beds 3 baths ∙ 2,185 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,185 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $2,080
    • $0.95
    •  
  • 25622 Kalmia Avenue Moreno Valley, 1
    • 4 beds 2 baths ∙ 2,097 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,097 Sqft ∙ Built 2002
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.93
    •  
  • 25173 Bronze Drive Moreno Valley, 3
    • 4 beds 3 baths ∙ 2,325 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,325 Sqft ∙ Built 2002
    LEASED 10/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.95
    •  
  • 11923 Villa Hermosa Moreno Valley, 4
    • 5 beds 3 baths ∙ 2,210 Sqft ∙ Built 1986 5 beds 3 baths ∙ 2,210 Sqft ∙ Built 1986
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.11
    •  
  • 25732 Poplar Court Moreno Valley, 5
    • 4 beds 3 baths ∙ 2,185 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,185 Sqft ∙ Built 1990
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,575
    • $1.18
    •  
PROPERTY LISTING DETAILS
Holly Erwin
Red Diamond Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IG20167186
Last Updated: 08/25/2020
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