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PROPERTY INFO
FACTS
- Single Family
- Built In 1994
- Price/Sqft : $300.17
- 6 Days on Market
- MLS # : 200054005
- Updated Date : 12/19/2020 at 19:46
CONSTRUCTION
- Beds : 4
- Floor Size : 1,732 sqft
- Baths : 2 full , 1 half
Listing Agent
Hershel Strother Home Services
Listing Agent's Description
Hershel Strother Home Services presents 858 Pointe Vista Circle in the beautiful City of Corona. This 4 bedroom 2.5 bath has a unique floor plan on a premium lot. This home is surrounded by award winning schools, hiking trails, parks, shopping centers and restaurants. Super low HOA, NO MELLO-ROOS, low property taxes and a quiet cul-de-sac! Enjoy solar and a beautiful location. View our 3D Tour today and call for your private tour. Hershel Strother Home Services presents 858 Pointe Vista Circle in the beautiful City of Corona. This 4 bedroom 2.5 bath has a unique floor plan on a premium lot. This home is surrounded by award winning schools, hiking trails, parks, shopping centers and restaurants. Super low HOA, NO MELLO-ROOS, low property taxes and a quiet cul-de-sac! Enjoy solar and a beautiful location. View our 3D Tour today and call for your private tour. Other Fees: 0 Sewer: Sewer Connected Topography: LL
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MARKET HIGHLIGHTS
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Empire
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Empire
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,380 |
| EXPENSES | Loan Payment | -$1,918 |
| Property Tax | -$561 | |
| Property Insurance | -$69 | |
| HOA | -$68 | |
| Property Management Fees | -$140 | |
|
CASH FLOW
-$377
|
||
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.
$519,900
PROJECTED PRICE
$2,380
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.95% |
| Appreciation Year (1-5) | 5.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.35% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$143,524
LOAN DETAILS
$1,918
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $129,975 |
| Loan Amount | $389,925 |
2.17
YEARS SAVED
$8,952
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,380
LIST RENT -
$1.37
LIST RENT PER SQFT
-
$2,364
COMP ESTIMATED VALUE -
$1.37
COMP AVG. RENT PER SQFT
Comps Range
-
858 Pointe Vista Cir. Corona, CA 2
- 4 beds 3 baths ∙ 1,732 Sqft ∙ Built 1994 4 beds 3 baths ∙ 1,732 Sqft ∙ Built 1994
![property image]()
- Rent
- Rent Per SQFT
- $2,380
- $1.37
-
1088 Viewpointe Lane Corona, CA 1
- 4 beds 3 baths ∙ 1,752 Sqft ∙ Built 1998 4 beds 3 baths ∙ 1,752 Sqft ∙ Built 1998
![property image]()
LEASED 02/14/20- Rent
- Rent Per SQFT
- $2,350
- $1.34
-
1036 Sunbeam Lane Corona, CA 3
- 4 beds 3 baths ∙ 1,752 Sqft ∙ Built 1997 4 beds 3 baths ∙ 1,752 Sqft ∙ Built 1997
![property image]()
LEASED 04/23/20- Rent
- Rent Per SQFT
- $2,400
- $1.37
-
1089 Aurora Lane Corona, CA 4
- 4 beds 3 baths ∙ 1,752 Sqft ∙ Built 1997 4 beds 3 baths ∙ 1,752 Sqft ∙ Built 1997
![property image]()
LEASED 02/07/20- Rent
- Rent Per SQFT
- $2,400
- $1.37
-
240 Jessica Lane Corona, CA 5
- 3 beds 3 baths ∙ 1,769 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,769 Sqft ∙ Built 1999
![property image]()
LEASED 01/02/20- Rent
- Rent Per SQFT
- $2,450
- $1.38
PROPERTY LISTING DETAILS
Hershel Strother Home Services
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: 200054005
Last Updated: 12/19/2020
