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26450 Helene Drive Moreno Valley, CA 92555

4 Beds 3 Baths 2,359 sqft Built 2002

$424,910

List Price

$2,270

$2K - $2.5K

Rent Est.

PROPERTY INFO

December 10, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $180.12
  • 4 Days on Market
  • MLS # : IV20254322
  • Updated Date : 12/11/2020 at 09:42
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,359 sqft
  • Baths : 3 full
Listing Agent

Camden Mckay Realty

Listing Agent's Description

Turnkey 4bdr 3bth One story home in Moreno Valley. This home offers an open floor plan with high ceilings throughout and a plentitude of natural light. The front landscaping was completely redone as a low maintenance desert landscape with cement curbing. You enter the home through the double doors and into the formal living room. The flooring in the formal living room, family room, dining room, and hallway has been upgraded to engineered hard wood. The architecture seemed to be ahead of it's time, with the creation of the great room adjacent to the kitchen. There is beautiful crown molding in the formal living room, great room, kitchen, and the family room has surround sound speakers in the ceiling. The kitchen has granite counter tops and plenty of storage space. The sellers have installed a reverse osmosis water filtration system in the kitchen. Newer LED lighting throughout. The primary bedroom is open with vaulted ceilings. The primary bath has separate tub and shower enclosure. The walk in closet is very ample in size. The 3 other secondary bedrooms are very spacious. There are two bedrooms sharing a jack and jill bathroom and the other secondary bedroom is adjacent to the full hall bathroom. The backyard has been designed for easy maintenance, but there is plenty of space to build your own backyard paradise with an in ground pool and spa. The home offers RV parking and a 3 car garage. This home is eagerly awaiting its new owners!

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

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
 

$382,419$467,401$424,910

PURCHASE PRICE

$2,043$2,497$2,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,270
EXPENSES Loan Payment -$1,568
Property Tax -$435
Property Insurance -$84
Property Management Fees -$134
CASH FLOW
$49

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.

$424,910

PROJECTED PRICE

$2,270

PROJECTED RENT

0.53%

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$20k

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$118,351

INVESTMENT

$118,351

Down Payment
$106,228
Rehab Estimate
$5,750
Closing Costs
$6,374

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,568

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $106,228
Loan Amount $318,683
See What Happens When You Reinvest Cash Flow

6.33

YEARS SAVED

$36,696

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,270

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $2,276

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,2703$2,3004$2,4505$2,480
$2,480
RENT COMPS ANALYSIS
  • 26450 Helene Drive Moreno Valley, CA 2
    • 4 beds 3 baths ∙ 2,359 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,359 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,270
    • $0.96
    •  
  • 12231 Mary Lee Way Moreno Valley, CA 1
    • 4 beds 2 baths ∙ 2,151 Sqft ∙ Built 1989 4 beds 2 baths ∙ 2,151 Sqft ∙ Built 1989
    property image
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.93
    •  
  • 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
    property image
    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
    property image
    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
    property image
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,480
    • $0.96
    •  
PROPERTY LISTING DETAILS
Michael Mucino
Camden Mckay Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV20254322
Last Updated: 12/11/2020
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