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25720 Laurie Street Moreno Valley, CA 92557

3 Beds 2 Baths 1,685 sqft Built 1989

$419,900

List Price

$1,920

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

October 29, 2020 RECENTLY ADDED
FACTS
  • Built In 1989
  • Price/Sqft : $249.20
  • 6 Days on Market
  • MLS # : IV20228279
  • Updated Date : 10/31/2020 at 12:36
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,685 sqft
  • Baths : 2 full
Listing Agent

Westcoe Realtors Inc

Listing Agent's Description

Don't miss this beautiful 1,685 sqft single-story Moreno Valley home featuring 3 bedrooms and 2 full bathrooms, a large open and inviting living room w/ gas fireplace and bonus area (kid's corner or office) that makes this home ideal for families & entertaining. Enjoy the tastefully remodeled kitchen w/ stainless steel appliances & quartz counter tops that opens out to the large dining area or can easy be used as a family room w/ room for separate dining. Over-sized master bedroom is privately situated at the end of the hall & leads to walk-in closet, slider access out back and a private bath w/ a soaking garden tub & shower, dual sinks & private water closet. Good-sized guest bedrooms share a remodeled bathroom with shower/tub combo & stylish modern water fixture. Other features include: RV parking and direct access to 2 car garage with laundry hook-ups. Recent updates include: Exterior and interior paint, updated ceiling fans and light fixtures, new water heater and extensive amounts of wood-like tile used throughout common areas. As if it couldn’t get any better, beautifully landscaped low maintenance front yard and a rear yard waiting for you to enjoy the firepit, patio w/ ample room to BBQ and/or garden. Nestled in a quiet, desirable, cul-de-sac location north of the 60 freeway with low taxes, no HOA and conveniently close to everything including shopping, freeways, schools and so much more. A MUST SEE!

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
 

$377,910$461,890$419,900

PURCHASE PRICE

$1,728$2,112$1,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,920
EXPENSES Loan Payment -$1,549
Property Tax -$427
Property Insurance -$68
Property Management Fees -$113
CASH FLOW
-$238

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.

$419,900

PROJECTED PRICE

$1,920

PROJECTED RENT

0.46%

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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$117,024

INVESTMENT

$117,024

Down Payment
$104,975
Rehab Estimate
$5,750
Closing Costs
$6,299

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,549

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $104,975
Loan Amount $314,925
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$10,611

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,920

    LIST RENT
  • $1.14

    LIST RENT PER SQFT
  • $1,946

    COMP ESTIMATED VALUE
  • $1.16

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$1,9203$2,0004$2,1005$2,400
$2,400
RENT COMPS ANALYSIS
  • 25720 Laurie Street Moreno Valley, CA 2
    • 3 beds 2 baths ∙ 1,685 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,685 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $1,920
    • $1.14
    •  
  • 25215 Hemlock Avenue Moreno Valley, CA 1
    • 4 beds 2 baths ∙ 1,556 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,556 Sqft ∙ Built 1979
    LEASED 03/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.22
    •  
  • 12683 Ninebark Street Moreno Valley, CA 3
    • 3 beds 3 baths ∙ 1,796 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,796 Sqft ∙ Built 1986
    LEASED 09/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.11
    •  
  • 25700 Palm Shadows Drive Moreno Valley, CA 4
    • 3 beds 3 baths ∙ 1,920 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,920 Sqft ∙ Built 1987
    LEASED 05/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.09
    •  
  • 12580 Lasselle Street Moreno Valley, CA 5
    • 4 beds 2 baths ∙ 1,994 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,994 Sqft ∙ Built 2003
    LEASED 03/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.20
    •  
PROPERTY LISTING DETAILS
Kevin Enriquez
Westcoe Realtors Inc
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV20228279
Last Updated: 10/31/2020
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