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26483 Sequoia Street 
Moreno Valley, CA
92555
4 Beds 3 Baths 2,895 sqft
Built 2006
INVESTimate
$449,999
List Price
$125,000
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PROPERTY INFO
FACTS
- Built In 2006
- Price/Sqft : $155.44
- 14 Days on Market
- MLS # : SW20164561
- Updated Date : 08/20/2020 at 11:26
CONSTRUCTION
- Beds : 4
- Floor Size : 2,895 sqft
- Baths : 3 full
Listing Agent
Exp Realty Of California, Inc.
Listing Agent's Description
Gorgeous double story Home available in wonderful Moreno Valley Neighborhood! This home is a joy of detail and care. Upon entering the home, you are directed right into a wonderful open layout that is accented by beautiful stone tile floors, bright recessed lighting and pure white paint. With two gracious living areas, one including a fireplace, this home is perfect for the entertainer or someone looking for formal living experience. The open kitchen offers a large island, granite countertops and beautiful wood cabinetry. Up the beautiful staircase is the enclosed loft, blank canvas bedrooms and grandmaster retreat with large spa-like master bathroom. Moving outside you'll find a large peaceful backyard with ample play space (for kids or adults!) as well as rose bushes all along the back privacy walls.
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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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Moreno Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,240 |
| EXPENSES | Loan Payment | -$1,660 |
| Property Tax | -$448 | |
| Property Insurance | -$97 | |
| HOA | -$20 | |
| Property Management Fees | -$132 | |
|
CASH FLOW
-$118
|
||
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.
$449,999
PROJECTED PRICE
$2,240
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| 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
INVESTMENT
$125,000
LOAN DETAILS
$1,660
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $112,500 |
| Loan Amount | $337,499 |
4.25
YEARS SAVED
$21,601
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,240
LIST RENT -
$0.77
LIST RENT PER SQFT
-
$2,316
COMP ESTIMATED VALUE -
$0.8
COMP AVG. RENT PER SQFT
Comps Range
-
26483 Sequoia Street Moreno Valley, 3
- 3 beds 3 baths ∙ 2,895 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,895 Sqft ∙ Built 2006
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- Rent
- Rent Per SQFT
- $2,240
- $0.77
-
26873 Campus Point Drive Moreno Valley, 1
- 4 beds 3 baths ∙ 2,889 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,889 Sqft ∙ Built 2004
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LEASED 01/16/20- Rent
- Rent Per SQFT
- $2,195
- $0.76
-
13443 Varsity Lane Moreno Valley, 2
- 3 beds 3 baths ∙ 2,889 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,889 Sqft ∙ Built 2004
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LEASED 09/20/19- Rent
- Rent Per SQFT
- $2,200
- $0.76
-
12734 Lasselle Street Moreno Valley, 4
- 4 beds 3 baths ∙ 2,805 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,805 Sqft ∙ Built 2003
![property image]()
LEASED 01/31/20- Rent
- Rent Per SQFT
- $2,300
- $0.82
-
26470 Bay Avenue Moreno Valley, 5
- 4 beds 3 baths ∙ 2,895 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,895 Sqft ∙ Built 2005
![property image]()
LEASED 08/10/19- Rent
- Rent Per SQFT
- $2,500
- $0.86
PROPERTY LISTING DETAILS
Exp Realty Of California, Inc.
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: SW20164561
Last Updated: 08/20/2020
