Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

4142 Prairie Dunes Drive Corona, CA 92883

4 Beds 3 Baths 2,949 sqft Built 2000

$809,900

List Price

$3,220

$3K - $3.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $274.64
  • 5 Days on Market
  • MLS # : IG21050334
  • Updated Date : 03/10/2021 at 12:20
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,949 sqft
  • Baths : 3 full
Listing Agent

S&l Holdings, Inc.

Listing Agent's Description

Stunning pool home nestled in the Eagle Glen Community. Newly renovated kitchen, stainless steel appliances, complete solar system, new paint, new kitchen cabinets, state of the art modern technology. Golf enthusiasts have a variety of courses within miles of property.

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: 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
El Cerrito Middle School Middle Regular 1,256 43 8
Santiago High School High Regular 3,692 129 8
El Cerrito Middle School Middle Unknown NA

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

El Cerrito Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$728,910$890,890$809,900

PURCHASE PRICE

$2,898$3,542$3,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,220
EXPENSES Loan Payment -$2,813
Property Tax -$891
Property Insurance -$99
HOA -$72
Property Management Fees -$190
CASH FLOW
-$844

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.

$809,900

PROJECTED PRICE

$3,220

PROJECTED RENT

0.40%

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$15k

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$220,374

INVESTMENT

$220,374

Down Payment
$202,475
Rehab Estimate
$5,750
Closing Costs
$12,149

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,813

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $202,475
Loan Amount $607,425
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$2,025

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,220

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $3,251

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$3,140
1$3,1402$3,2003$3,2204$3,3005$3,500
$3,500
RENT COMPS ANALYSIS
  • 4142 Prairie Dunes Drive Corona, CA 3
    • 4 beds 3 baths ∙ 2,949 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,949 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $3,220
    • $1.09
    •  
  • 4122 Long Cove Circle Corona, CA 1
    • 4 beds 3 baths ∙ 2,941 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,941 Sqft ∙ Built 2001
    LEASED 03/02/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,140
    • $1.07
    •  
  • 4275 Floyd Drive Corona, CA 2
    • 4 beds 3 baths ∙ 2,956 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,956 Sqft ∙ Built 2000
    LEASED 02/18/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.08
    •  
  • 4329 Driving Range Road Corona, CA 4
    • 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
    •  
  • 1853 Couples Road Corona, CA 5
    • 4 beds 3 baths ∙ 3,076 Sqft ∙ Built 2000 4 beds 3 baths ∙ 3,076 Sqft ∙ Built 2000
    LEASED 01/22/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.14
    •  
PROPERTY LISTING DETAILS
Stephen Larralde
S&l Holdings, Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IG21050334
Last Updated: 03/10/2021
BESbswy