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27398 Buffalo Trail Corona, CA 92883

4 Beds 3 Baths 2,255 sqft Built 2001

$548,880

List Price

$2,390

$2.2K - $2.6K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $243.41
  • 2 Days on Market
  • MLS # : IG21028503
  • Updated Date : 02/13/2021 at 20:45
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,255 sqft
  • Baths : 3 full
Listing Agent

Re/max Top Producers

Listing Agent's Description

***MUST SEE CINEMATIC VIDEO TOUR***CHARMING HORSETHIEF CANYON RANCH HOME WITH TRUE PRIDE OF OWNERSHIP....Beautiful home with Mountain Views All Around! Featuring 4 Bedrooms, 3 Bathrooms, 2,255 Sqft on a Spacious 5,663 Sqft Lot. This Home Offers An Open and Airy Floorplan, Wood Like Flooring, with Formal Living Room, Dining Area, Family Room with Built In TV Niche, Fire Place, Opens to Your Kitchen, With Breakfast Counter, Recessed Lighting & Dining Nook, Perfect for Conversation & Entertaining, Bright and Spacious Secondary Bedrooms With Ceiling Fans, Master Suite, Master Bathroom with Separate Soaking Tub and Shower, Walk-In Closet, Large Loft Upstairs ready to Make Your Own Space, Individual Laundry Room, Perfectly Laid Out Back Yard with Patio Slab, Built-In BBQ and Firepit, 3 Car Garage & Much More! Horsethief Canyon Ranch is a master planned community nestled in the Cleveland National Forest, with the very best in amenities such as: Private Security~ Fitness Center~2 Community Pools/Spa~ Tennis~ Exercise Trail~ Clubhouse~ and much more. LOW TAXES AND LOW HOA, come see why so many families love to call Horsethief Canyon Ranch Home!

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: Horsethief Canyon Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $149k627k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Horsethief Canyon Ranch

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q21200140016001800200022002400Rent in $10822579

* 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
Temescal Canyon High School High Regular 2,172 89 7

Temescal Canyon High School

  • Education Level: High
  • # of students: 2,172
  • # of teachers: 89
7
GreatSchools Rating
 

$493,992$603,768$548,880

PURCHASE PRICE

$2,151$2,629$2,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,390
EXPENSES Loan Payment -$1,906
Property Tax -$483
Property Insurance -$82
HOA -$85
Property Management Fees -$141
CASH FLOW
-$307

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.

$548,880

PROJECTED PRICE

$2,390

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 6.2%
Maintenance Year (1-5) 8.00%
Vacancy 5.35%
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$15k

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$151,203

INVESTMENT

$151,203

Down Payment
$137,220
Rehab Estimate
$5,750
Closing Costs
$8,233

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,906

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $137,220
Loan Amount $411,660
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$11,452

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,390

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $2,503

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,3903$2,4754$2,5955$2,800
$2,800
RENT COMPS ANALYSIS
  • 27398 Buffalo Trail Corona, CA 2
    • 4 beds 3 baths ∙ 2,255 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,255 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $2,390
    • $1.06
    •  
  • 27410 Barcelona Drive Corona, CA 1
    • 4 beds 3 baths ∙ 2,255 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,255 Sqft ∙ Built 2000
    LEASED 05/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.02
    •  
  • 13710 Desert Ridge Corona, CA 3
    • 4 beds 2 baths ∙ 2,176 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,176 Sqft ∙ Built 2000
    LEASED 05/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,475
    • $1.14
    •  
  • 13522 Fairfield Dr. Corona, CA 4
    • 4 beds 3 baths ∙ 2,233 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,233 Sqft ∙ Built 1999
    LEASED 02/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $1.16
    •  
  • 13333 Goldenhorn Drive Corona, CA 5
    • 5 beds 3 baths ∙ 2,496 Sqft ∙ Built 2001 5 beds 3 baths ∙ 2,496 Sqft ∙ Built 2001
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.12
    •  
PROPERTY LISTING DETAILS
Nelson Rodriguez
Re/max Top Producers
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IG21028503
Last Updated: 02/13/2021
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