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26221 Beech Drive Moreno Valley, CA 92555

4 Beds 3 Baths 2,368 sqft Built 2004

$428,000

List Price

$2,140

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $180.74
  • 4 Days on Market
  • MLS # : IG21016528
  • Updated Date : 02/05/2021 at 18:23
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,368 sqft
  • Baths : 2 full , 1 half
Listing Agent

First Team Real Estate

Listing Agent's Description

Beautiful well designed spacious 4 bedroom 2.5 bath home has high ceilings, large baseboards, recessed lighting and numerous windows to let the natural light flow throughout the home. Entering the bright living room you are greeted with tile flooring throughout the downstairs. The kitchen overlooks the backyard and has tile countertops and plenty of cabinets that provide a lot of storage. The attached dining area is roomy and open to the large family room that has a fireplace to keep you warm on those chilly nights. Upstairs are all four roomy bedrooms that have gray laminate flooring and large windows that provide a mountain view for all. The primary bedroom is generous in size with an en-suite attached with a large walk-in closet, a sliding door closet, a linen closet along with dual sinks with a separate tub and shower. Two additional bedrooms are in the back of the home while another overlooks the front of the home and is next to the laundry room that has a sink and many cabinets. The hall bath has dual sinks and a shower/tub combination which is convenient for all to use. The backyard has an attractive large brick and cement patio with an included gazebo and a gated garden area that has a drip system installed that is the perfect spot for growing vegetables. There is plenty of parking in the 3-car garage and extra wide driveway with RV parking. Great location, close to shopping, schools and the freeway! Hurry to make your appointment today, this one will not last long!!

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
Bear Valley Elementary School Primary Regular 901 31 5
Mountain View Middle School Middle Regular 1,239 60 3
Valley View High School High Regular 2,686 107 4

Bear Valley Elementary School

  • Education Level: Primary
  • # of students: 901
  • # of teachers: 31
5
GreatSchools Rating

Mountain View Middle School

  • Education Level: Middle
  • # of students: 1,239
  • # of teachers: 60
3
GreatSchools Rating

Valley View High School

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

$385,200$470,800$428,000

PURCHASE PRICE

$1,926$2,354$2,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,140
EXPENSES Loan Payment -$1,487
Property Tax -$441
Property Insurance -$85
Property Management Fees -$126
CASH FLOW
$1

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.

$428,000

PROJECTED PRICE

$2,140

PROJECTED RENT

0.50%

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$119,170

INVESTMENT

$119,170

Down Payment
$107,000
Rehab Estimate
$5,750
Closing Costs
$6,420

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,487

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $107,000
Loan Amount $321,000
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$25,616

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,140

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $2,368

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$2,140
1$2,1402$2,3003$2,3004$2,4505$2,480
$2,480
RENT COMPS ANALYSIS
  • 26221 Beech Drive Moreno Valley, CA 1
    • 4 beds 3 baths ∙ 2,368 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,368 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $2,140
    • $0.90
    •  
  • 12621 Heartleaf Street Moreno Valley, CA 2
    • 4 beds 3 baths ∙ 2,141 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,141 Sqft ∙ Built 1984
    LEASED 08/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.07
    •  
  • 26419 Olympus Court Moreno Valley, CA 3
    • 5 beds 3 baths ∙ 2,537 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,537 Sqft ∙ Built 2004
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.91
    •  
  • 25932 Andre Court Moreno Valley, CA 4
    • 4 beds 3 baths ∙ 2,321 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,321 Sqft ∙ Built 1991
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.06
    •  
  • 12720 Lasselle Street Moreno Valley, CA 5
    • 4 beds 3 baths ∙ 2,592 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,592 Sqft ∙ Built 2003
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,480
    • $0.96
    •  
PROPERTY LISTING DETAILS
Kathleen Rapoza
First Team Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IG21016528
Last Updated: 02/05/2021
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