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26898 Sugarcane Drive Moreno Valley, CA 92555

5 Beds 3 Baths 2,804 sqft Built 2007

$475,000

List Price

$2,100

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 2007
  • Price/Sqft : $169.40
  • 6 Days on Market
  • MLS # : IV20232382
  • Updated Date : 11/06/2020 at 16:42
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,804 sqft
  • Baths : 2 full , 1 half
Listing Agent

Castle Realty Group Inc.

Listing Agent's Description

Welcome to this Gorgeous Single Story 5 bedroom, 3 bathroom Richmond American Home. The home is located right off the 60 fwy next to shopping centers, schools, and more. This open concept home has a very spacious kitchen that opens up to the dining room and living room. You'll find a very large master bedroom with an attached master bathroom and walk in closet. There is also 4 large bedrooms, 2 of which have walk in closets. You'll also enjoy a formal living room and dining room as you enter the home. The backyard has a large concrete slab with a covered patio and a grated yard with plenty of space that would be perfect for whatever you choose. This home is a must see, it won't last! Please note, I Donna Moffett am the active Realtor for this listing and my husband is the owner of the home where we both reside.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 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
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
 

$427,500$522,500$475,000

PURCHASE PRICE

$1,890$2,310$2,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,100
EXPENSES Loan Payment -$1,753
Property Tax -$483
Property Insurance -$95
HOA -$46
Property Management Fees -$124
CASH FLOW
-$401

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.

$475,000

PROJECTED PRICE

$2,100

PROJECTED RENT

0.44%

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

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$131,625

INVESTMENT

$131,625

Down Payment
$118,750
Rehab Estimate
$5,750
Closing Costs
$7,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,753

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $118,750
Loan Amount $356,250
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$4,874

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,100

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $2,229

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,1453$2,1954$2,3005$2,700
$2,700
RENT COMPS ANALYSIS
  • 26898 Sugarcane Drive Moreno Valley, CA 1
    • 5 beds 3 baths ∙ 2,804 Sqft ∙ Built 2007 5 beds 3 baths ∙ 2,804 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.75
    •  
  • 12601 Magnolia Drive Moreno Valley, CA 2
    • 5 beds 3 baths ∙ 2,912 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,912 Sqft ∙ Built 2006
    LEASED 04/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,145
    • $0.74
    •  
  • 26873 Campus Point Drive Moreno Valley, CA 3
    • 4 beds 3 baths ∙ 2,889 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,889 Sqft ∙ Built 2004
    LEASED 01/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.76
    •  
  • 12734 Lasselle Street Moreno Valley, CA 4
    • 4 beds 3 baths ∙ 2,805 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,805 Sqft ∙ Built 2003
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.82
    •  
  • 26590 Rose Bud Lane Moreno Valley, CA 5
    • 4 beds 4 baths ∙ 3,133 Sqft ∙ Built 2016 4 beds 4 baths ∙ 3,133 Sqft ∙ Built 2016
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.86
    •  
PROPERTY LISTING DETAILS
Donna Moffett
Castle Realty Group Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV20232382
Last Updated: 11/06/2020
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