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4124 Crooked Stick Lane Corona, CA 92883

5 Beds 3 Baths 2,949 sqft Built 1999

$758,880

List Price

$3,110

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

December 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $257.33
  • 3 Days on Market
  • MLS # : TR20262668
  • Updated Date : 12/25/2020 at 18:13
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,949 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Signature

Listing Agent's Description

Location! Location! Location! Beautiful estate in Eagle Glen community. As you enter, a dramatic entry with 2-story high ceiling. 5 bedrooms/3 baths. Elegant new quartz counter tops in kitchen with designer's full backsplash. Brand new kitchen sink and faucet. Downstairs bedroom and bathroom plus an office. All bedrooms are with mirror wardrobe closet doors and they are very good size. Spacious master bedroom with patio to watch sunsets and view. Walk-in closet in master bathroom. Individual laundry room. All bathrooms are equipped with quartz counter tops and new toilets. Laminated wood flooring throughout. Brand new interior paint. Low maintenance backyard for family entertainment. Walking distance to school, park and shops. Great neighborhood! Low HOA fee and low property tax!! Move in ready!!

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: Eagle Glen

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700kPrice in $149k717k

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

Neighborhood: Eagle Glen

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2120014001600180020002200240026002800Rent in $10822867

* 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
Wilson Elementary School Primary Regular 981 33 6
El Cerrito Middle School Middle Regular 1,256 43 8
Santiago High School High Regular 3,692 129 8

Wilson Elementary School

  • Education Level: Primary
  • # of students: 981
  • # of teachers: 33
6
GreatSchools Rating

El Cerrito Middle School

  • Education Level: Middle
  • # of students: 1,256
  • # of teachers: 43
8
GreatSchools Rating

Santiago High School

  • Education Level: High
  • # of students: 3,692
  • # of teachers: 129
8
GreatSchools Rating
 

$682,992$834,768$758,880

PURCHASE PRICE

$2,799$3,421$3,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,110
EXPENSES Loan Payment -$2,800
Property Tax -$835
Property Insurance -$99
HOA -$72
Property Management Fees -$183
CASH FLOW
-$879

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.

$758,880

PROJECTED PRICE

$3,110

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 4.5%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$206,853

INVESTMENT

$206,853

Down Payment
$189,720
Rehab Estimate
$5,750
Closing Costs
$11,383

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,800

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $189,720
Loan Amount $569,160
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$1,725

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,110

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $3,089

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$2,990
1$2,9902$3,0003$3,0954$3,1105$3,300
$3,300
RENT COMPS ANALYSIS
  • 4124 Crooked Stick Lane Corona, CA 4
    • 5 beds 3 baths ∙ 2,949 Sqft ∙ Built 1999 5 beds 3 baths ∙ 2,949 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $3,110
    • $1.05
    •  
  • 1874 Littler Lane Corona, CA 1
    • 5 beds 3 baths ∙ 3,076 Sqft ∙ Built 2001 5 beds 3 baths ∙ 3,076 Sqft ∙ Built 2001
    LEASED 12/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,990
    • $0.97
    •  
  • 4399 Driving Range Road Corona, CA 2
    • 4 beds 3 baths ∙ 2,740 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,740 Sqft ∙ Built 2000
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.09
    •  
  • 4520 Garden City Lane Corona, CA 3
    • 5 beds 3 baths ∙ 3,076 Sqft ∙ Built 1999 5 beds 3 baths ∙ 3,076 Sqft ∙ Built 1999
    LEASED 08/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,095
    • $1.01
    •  
  • 4329 Driving Range Road Corona, CA 5
    • 5 beds 3 baths ∙ 2,942 Sqft ∙ Built 2000 5 beds 3 baths ∙ 2,942 Sqft ∙ Built 2000
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.12
    •  
PROPERTY LISTING DETAILS
Jamie Chao
Keller Williams Signature
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: TR20262668
Last Updated: 12/25/2020
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