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27185 Ocean Dunes Street Moreno Valley, CA 92555

4 Beds 2 Baths 2,819 sqft Built 1993

$465,000

List Price

$2,610

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

December 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $164.95
  • 2 Days on Market
  • MLS # : 20670194
  • Updated Date : 12/12/2020 at 21:04
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,819 sqft
  • Baths : 2 full
Listing Agent

Rc Commercial

Listing Agent's Description

PLEASE DO NOT DISTURB OCCUPANTS. Property is sold "as-is" with no representations, repairs, and/or warranties offered by the seller. Welcome home to golf course living at its best! One of the few pool properties in the area. Seller is motivated. Property needs a little TLC and few minor cosmetic repairs, allowing the buyer to customize this gem and make it their own. Interior features and amenities include leaded glass entry doors, plantation shutters, marble floors and much more. Gourmet kitchen with center island and ample storage space is a chef's dream. Master suite is complete with a retreat area, dual sided fireplace, his and her walk-in closets with built-ins and a balcony that overlooks the golf course. Situated at the 5th hole of the Lake Course and Moreno Valley Ranch Golf Club, with a low maintenance yard that features a sparkling pool and spa. Low taxes and no HOA make this Rancho Belago home the ideal purchase. Submit all offers. Call listing agent for more information

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
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
 

$418,500$511,500$465,000

PURCHASE PRICE

$2,349$2,871$2,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,610
EXPENSES Loan Payment -$1,716
Property Tax -$490
Property Insurance -$95
Property Management Fees -$154
CASH FLOW
$155

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.

$465,000

PROJECTED PRICE

$2,610

PROJECTED RENT

0.56%

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$1.8M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

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$128,975

INVESTMENT

$128,975

Down Payment
$116,250
Rehab Estimate
$5,750
Closing Costs
$6,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,716

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $116,250
Loan Amount $348,750
See What Happens When You Reinvest Cash Flow

7.5

YEARS SAVED

$51,797

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,610

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $2,629

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,3503$2,6104$2,7005$2,995
$2,995
RENT COMPS ANALYSIS
  • 27185 Ocean Dunes Street Moreno Valley, CA 3
    • 4 beds 2 baths ∙ 2,819 Sqft ∙ Built 1993 4 beds 2 baths ∙ 2,819 Sqft ∙ Built 1993
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,610
    • $0.93
    •  
  • 15705 Mesa Verde Drive Moreno Valley, CA 1
    • 4 beds 3 baths ∙ 2,674 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,674 Sqft ∙ Built 2004
    property image
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.86
    •  
  • 15252 Adobe Way Moreno Valley, CA 2
    • 4 beds 3 baths ∙ 2,721 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,721 Sqft ∙ Built 2002
    property image
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.86
    •  
  • 15550 Gala Court Moreno Valley, CA 4
    • 4 beds 2 baths ∙ 2,716 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,716 Sqft ∙ Built 2003
    property image
    LEASED 02/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.99
    •  
  • 27481 Arla Street Moreno Valley, CA 5
    • 5 beds 3 baths ∙ 2,940 Sqft ∙ Built 2003 5 beds 3 baths ∙ 2,940 Sqft ∙ Built 2003
    property image
    LEASED 12/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.02
    •  
PROPERTY LISTING DETAILS
Eric Robbins
Rc Commercial
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: 20670194
Last Updated: 12/12/2020
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