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26121 Casa Encantador Road Moreno Valley, CA 92555

4 Beds 3 Baths 2,257 sqft Built 2004

INVESTimate

$415,850

List Price

$2,030

$1,827 - $2,233

Rent Est.

$453,817  ( +9.13%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2004
  • Price/Sqft : $184.25
  • 6 Days on Market
  • MLS # : IV20170700
  • Updated Date : 08/23/2020 at 16:05
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,257 sqft
  • Baths : 3 full
Listing Agent

Re/max One

Listing Agent's Description

Super sharp 4 bedroom 2,5 bath home located in Moreno Valley Ranch. This property has been treated to a thorough rehab and shows excellent. There is new interior 2 TONE PAINT, new TILE FLOORING and new CARPETING. The exterior trim has been painted. The appliances have been replaced which includes a NEW RANGE, ALONG WITH A NEW DISHWASHER, AND A NEW RANGE HOOD MICROWAVE UNIT. The faucets in the bathrooms has been replaced along with the 3 new water-saving toilets. BOTH GARAGE DOORS has been replaced along with new OPENERS. The garage floors have been refinished with an EPOXY FLOOR FINISH. There are new GRANITE KITCHEN COUNTERS. The granite COUNTERS IN THE BATHROOMS are new. There is a COVERED PATIO at the rear of the property. Please check out the virtual tour. To help visualize this home’s floorplan and to highlight its potential, virtual furnishings may have been added to photos found in this listing. NOT AVAILABLE FOR RENT OR LEASE.

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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
La Jolla Elementary School Primary Regular 842 30 3
Landmark Middle School Middle Regular 1,244 52 2
Vista Del Lago High School High Regular 2,189 87 4

La Jolla Elementary School

  • Education Level: Primary
  • # of students: 842
  • # of teachers: 30
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
 

$374,265$457,435$415,850

PURCHASE PRICE

$1,827$2,233$2,030

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

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,030
EXPENSES Loan Payment -$1,534
Property Tax -$438
Property Insurance -$82
HOA -$50
Property Management Fees -$120
CASH FLOW
-$194

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.

$415,850

PROJECTED PRICE

$2,030

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$115,950

INVESTMENT

$115,950

Down Payment
$103,963
Rehab Estimate
$5,750
Closing Costs
$6,238

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,534

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $103,963
Loan Amount $311,888
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$12,774

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,030

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $2,144

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$2,030
1$2,0302$2,1003$2,1804$2,2955$2,300
$2,300
RENT COMPS ANALYSIS
  • 26121 Casa Encantador Road Moreno Valley, 1
    • 4 beds 3 baths ∙ 2,257 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,257 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $2,030
    • $0.90
    •  
  • 15344 Avenida Fiesta Moreno Valley, 2
    • 4 beds 3 baths ∙ 2,208 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,208 Sqft ∙ Built 2004
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.95
    •  
  • 26301 Casa Encantador Road Moreno Valley, 3
    • 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
    •  
  • 25961 Soaring Seagull Lane Moreno Valley, 4
    • 4 beds 3 baths ∙ 2,319 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,319 Sqft ∙ Built 2005
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.99
    •  
  • 26330 Camino Largo Moreno Valley, 5
    • 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
    •  
PROPERTY LISTING DETAILS
Michael Novak-smith
Re/max One
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV20170700
Last Updated: 08/23/2020
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