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9530 Nickellaus Court Corona, CA 92883

4 Beds 3 Baths 2,067 sqft Built 1999

$540,000

List Price

$2,430

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

October 29, 2020 RECENTLY ADDED
FACTS
  • Built In 1999
  • Price/Sqft : $261.25
  • 6 Days on Market
  • MLS # : IG20228043
  • Updated Date : 10/31/2020 at 05:11
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,067 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Beautifully maintained Wildrose home! This 4 bedroom home is located at the end of a cul-de-sac w/downstairs bedroom, full bathroom & no neighbors behind you on a large lot. The spacious entryway greets you w/an open floor plan that leads you into the formal living & dining rooms or to the family room & downstairs bedroom & bathroom. The living & dining spaces are spacious w/high vaulted ceilings w/the formal dining room located just off the kitchen. The kitchen features stainless steel appliances, an island that offers more counter space & storage, recessed lights & views of the backyard & hills. The informal dining area & family room are just off the kitchen w/tile flooring & crown molding throughout this space. The family room has a lighted ceiling fan, entertainment niche, surround sound speakers, fireplace & newer sliding glass door leading to the large backyard. Downstairs also features a large bedroom, full bathroom & laundry room. Upstairs the large master bedroom has views of the hills & high ceilings, lighted ceiling fan, walk in closet & master bathroom w/dual sinks, separate tub & shower & privacy toilet closet. The remaining 2 bedrooms are spacious w/lighted ceiling fans, views of the hills & share a jack-n-jill bathroom. The backyard is beautifully manicured & large w/alumawood covered patio, spacious side yards, & lots of privacy w/no neighbors behind. LOW HOA & newer A/C System (approx. 1 yr.).

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: Wildrose

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $149k627k

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

Neighborhood: Wildrose

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 Valley Elementary School Primary Regular 935 33 10
Temescal Valley Elementary School Middle Regular 935 33 10
Santiago High School High Regular 3,692 129 8

Temescal Valley Elementary School

  • Education Level: Primary
  • # of students: 935
  • # of teachers: 33
10
GreatSchools Rating

Temescal Valley Elementary School

  • Education Level: Middle
  • # of students: 935
  • # of teachers: 33
10
GreatSchools Rating

Santiago High School

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

$486,000$594,000$540,000

PURCHASE PRICE

$2,187$2,673$2,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,430
EXPENSES Loan Payment -$1,992
Property Tax -$529
Property Insurance -$77
HOA -$65
Property Management Fees -$143
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.

$540,000

PROJECTED PRICE

$2,430

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 4.0%
Maintenance Year (1-5) 8.00%
Vacancy 5.35%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$148,850

INVESTMENT

$148,850

Down Payment
$135,000
Rehab Estimate
$5,750
Closing Costs
$8,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,992

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $135,000
Loan Amount $405,000
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$10,556

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,430

    LIST RENT
  • $1.18

    LIST RENT PER SQFT
  • $2,604

    COMP ESTIMATED VALUE
  • $1.26

    COMP AVG. RENT PER SQFT
Comps Range
$2,295
1$2,2952$2,3953$2,4304$2,4955$2,600
$2,600
RENT COMPS ANALYSIS
  • 9530 Nickellaus Court Corona, CA 3
    • 4 beds 3 baths ∙ 2,067 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,067 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $2,430
    • $1.18
    •  
  • 9299 Palm Canyon Drive Corona, CA 1
    • 4 beds 3 baths ∙ 1,809 Sqft ∙ Built 1987 4 beds 3 baths ∙ 1,809 Sqft ∙ Built 1987
    LEASED 11/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.27
    •  
  • 22835 Rockcress Street Corona, CA 2
    • 3 beds 2 baths ∙ 1,926 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,926 Sqft ∙ Built 1994
    LEASED 03/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.24
    •  
  • 9375 Nickellaus Court Corona, CA 4
    • 4 beds 3 baths ∙ 2,014 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,014 Sqft ∙ Built 1999
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.24
    •  
  • 22808 Canyon View Drive Corona, CA 5
    • 3 beds 3 baths ∙ 2,017 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,017 Sqft ∙ Built 1998
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.29
    •  
PROPERTY LISTING DETAILS
Robert Thompson
Keller Williams Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IG20228043
Last Updated: 10/31/2020
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