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9794 Whitewater Road Moreno Valley, CA 92557

4 Beds 3 Baths 1,950 sqft Built 1994

$430,000

List Price

$2,040

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

December 24, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $220.51
  • 5 Days on Market
  • MLS # : OC20262343
  • Updated Date : 12/23/2020 at 22:07
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,950 sqft
  • Baths : 3 full
Listing Agent

Re/max Coastal Homes

Listing Agent's Description

Welcome to this beautiful 4 bedroom upgraded cul-de-sac family home--tucked away with stunning hills views. Walk through the giant double doored entry way into the stunning foyer with upgraded flooring, cathedral-style ceilings, and spacious dual living rooms. Downstairs you will find an enormous bedroom that can be used as an office or playroom, conveniently located near a generously-sized laundry area. Upstairs are three additional bedrooms, one being the spacious master-suite with two closets and tons of natural light. Park your cars in the three-car garage, including your electric-powered vehicles as it is equipped with Tesla chargers (and solar, too!)

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: Hidden Springs

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $139k459k

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

Neighborhood: Hidden Springs

ZipNIR Market*CityMarket2010Year2000 Q22019 Q290010001100120013001400150016001700180019002000Rent in $8802083

* 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
Vista Heights Middle School Middle Regular 1,414 51 5
Canyon Springs High School High Regular 2,488 96 5
Hidden Springs Elementary School Middle Regular 641 24 4

Vista Heights Middle School

  • Education Level: Middle
  • # of students: 1,414
  • # of teachers: 51
5
GreatSchools Rating

Canyon Springs High School

  • Education Level: High
  • # of students: 2,488
  • # of teachers: 96
5
GreatSchools Rating

Hidden Springs Elementary School

  • Education Level: Middle
  • # of students: 641
  • # of teachers: 24
4
GreatSchools Rating
 

$387,000$473,000$430,000

PURCHASE PRICE

$1,836$2,244$2,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,040
EXPENSES Loan Payment -$1,587
Property Tax -$482
Property Insurance -$74
Property Management Fees -$120
CASH FLOW
-$223

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.

$430,000

PROJECTED PRICE

$2,040

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 9.4%
Maintenance Year (1-5) 8.00%
Vacancy 5.43%
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$119,700

INVESTMENT

$119,700

Down Payment
$107,500
Rehab Estimate
$5,750
Closing Costs
$6,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,587

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $107,500
Loan Amount $322,500
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$12,940

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,040

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $2,023

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$2,040
1$2,0402$2,0953$2,1004$2,2505$2,300
$2,300
RENT COMPS ANALYSIS
  • 9794 Whitewater Road Moreno Valley, CA 1
    • 4 beds 3 baths ∙ 1,950 Sqft ∙ Built 1994 4 beds 3 baths ∙ 1,950 Sqft ∙ Built 1994
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,040
    • $1.05
    •  
  • 10162 Coral Lane Moreno Valley, CA 2
    • 4 beds 3 baths ∙ 2,071 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,071 Sqft ∙ Built 2002
    property image
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $1.01
    •  
  • 22431 Cobble Creek Drive Moreno Valley, CA 3
    • 3 beds 3 baths ∙ 2,073 Sqft ∙ Built 1988 3 beds 3 baths ∙ 2,073 Sqft ∙ Built 1988
    property image
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.01
    •  
  • 10413 Meadow Creek Drive Moreno Valley, CA 4
    • 4 beds 3 baths ∙ 2,073 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,073 Sqft ∙ Built 1988
    property image
    LEASED 04/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.09
    •  
  • 23888 Lone Pine Drive Moreno Valley, CA 5
    • 4 beds 3 baths ∙ 2,222 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,222 Sqft ∙ Built 1989
    property image
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.04
    •  
PROPERTY LISTING DETAILS
Jimmy Reed
Re/max Coastal Homes
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20262343
Last Updated: 12/23/2020
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