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25841 Via Kannela Moreno Valley, CA 92551

5 Beds 3 Baths 2,585 sqft Built 1989

$460,000

List Price

$2,250

$2K - $2.5K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $177.95
  • 3 Days on Market
  • MLS # : SW20238461
  • Updated Date : 11/13/2020 at 16:38
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,585 sqft
  • Baths : 3 full
Listing Agent

Signature Real Estate Group

Listing Agent's Description

Welcome home to the lakeside community of Moreno Valley Ranch! Here you’re greeted by the spacious front courtyard and freshly painted exterior. A double door entry with two-story ceilings and 24x24 inch tiles in the formal living & dining areas along with plantation shutters & newer windows. Crown molding & a warm, inviting fireplace mantle were added to the family room. The GORGEOUS kitchen features an island, tile backsplash, soft-close drawers & cabinets, Kohler Hayridge farmhouse sink, & double wall ovens. Built-in "extras" include a beverage refrigerator, Follett water & ice machine & all Bosch stainless appliances. Quartz countertops complete this clean, updated kitchen. There is a main floor bedroom with double door entry, an updated 3/4 bathroom, and recessed lighting throughout. Upstairs you'll find 4 additional bedrooms. 2 of the bedrooms have crown molding, the other 2 have vaulted ceilings. Each bedroom has it's own individual ductless mini-split for personalized heat & AC in addition to standard furnace & AC. The master bathroom has been updated with new tile floors & a tiled shower with rain head. The soaking tub also got a facelift with the new tile surround. Outback you'll find an Alumawood patio cover with 2 fans, a pavered patio, turf, a built-in BBQ with The Big Green Egg plus pizza stone & a smoker. Moreno Valley Ranch is centered around a 35-acre lake, large community pool, fitness centers, large resident-only recreation center, & splash pad & parks.

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
Lasselle Elementary School Primary Regular 915 33 7
Vista Verde Middle School Middle Regular 932 39 4
Rancho Verde High School High Regular 3,262 122 5

Lasselle Elementary School

  • Education Level: Primary
  • # of students: 915
  • # of teachers: 33
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
 

$414,000$506,000$460,000

PURCHASE PRICE

$2,025$2,475$2,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,250
EXPENSES Loan Payment -$1,697
Property Tax -$492
Property Insurance -$90
HOA -$47
Property Management Fees -$133
CASH FLOW
-$208

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.

$460,000

PROJECTED PRICE

$2,250

PROJECTED RENT

0.49%

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-$5.0k$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$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$127,650

INVESTMENT

$127,650

Down Payment
$115,000
Rehab Estimate
$5,750
Closing Costs
$6,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,697

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $115,000
Loan Amount $345,000
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$14,638

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,250

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $2,370

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$2,250
1$2,2502$2,3003$2,3754$2,450
$2,450
RENT COMPS ANALYSIS
  • 25841 Via Kannela Moreno Valley, CA 1
    • 5 beds 3 baths ∙ 2,585 Sqft ∙ Built 1989 5 beds 3 baths ∙ 2,585 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.87
    •  
  • 26330 Camino Largo Moreno Valley, CA 2
    • 4 beds 3 baths ∙ 2,570 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,570 Sqft ∙ Built 2004
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.89
    •  
  • 25924 Soaring Seagull Lane Moreno Valley, CA 3
    • 4 beds 3 baths ∙ 2,572 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,572 Sqft ∙ Built 2005
    LEASED 06/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,375
    • $0.92
    •  
  • 26250 Stallion Road Moreno Valley, CA 4
    • 5 beds 3 baths ∙ 2,605 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,605 Sqft ∙ Built 2004
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.94
    •  
PROPERTY LISTING DETAILS
Adam Nelson
Signature Real Estate Group
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW20238461
Last Updated: 11/13/2020
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