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9988 Sycamore Canyon Road 
Moreno Valley, CA
92557
5 Beds 3 Baths 2,621 sqft
Built 1995
INVESTimate
$550,000
List Price
$151,500
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PROPERTY INFO
FACTS
- Built In 1995
- Price/Sqft : $209.84
- 6 Days on Market
- MLS # : 527487
- Updated Date : 08/25/2020 at 05:11
CONSTRUCTION
- Beds : 5
- Floor Size : 2,621 sqft
- Baths : 3 full
Listing Agent
Agio Real Estate Inc. Av
Listing Agent's Description
This is a beautiful home in a well sought out area, not many homes come on the market in this neighborhood. Looking for that perfect all year round house? Be welcomed into the gated courtyard with flowing water fountains, great area for the morning coffee. Double door entry into the spacious living room, flowing into the formal dining room. The kitchen boasts newer appliances, granite counter tops loads of storage. The family room which is attached to the well appointed kitchen has a fireplace and a slider that leads to the beautiful back yard swimming pool. On the main floor there is a bedroom as well as a 3/4 bath for guest. The attached 3 car garage has a lot of storage as well as a newer water heater. Upstairs you will find a study, over-sized main bedroom with a huge walk in closet, as well as three additional bedrooms. Once outside you will be invited into the entertainment center of your home, complete with built in BBQ with refrigerator, fenced in pool with a slide, Jacuzzi just bring your suit and lots of friends. At the close of escrow there will be a completely paid off solar system worth $36,000, water softener worth $7,000 so makes your utility bills almost non-existent. Association Amenities: None # of RV Spaces: 0 Special Features: BN,,LFNONE Lot Location Type: Standard Location Special Features: Garage Door Opener # of Attached Spaces: 3 # of Detached Spaces: 0
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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: Hidden Springs
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Hidden Springs
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,320 |
| EXPENSES | Loan Payment | -$2,029 |
| Property Tax | -$616 | |
| Property Insurance | -$91 | |
| Property Management Fees | -$137 | |
|
CASH FLOW
-$553
|
||
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.
$550,000
PROJECTED PRICE
$2,320
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 9.41% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.43% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$151,500
LOAN DETAILS
$2,029
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $137,500 |
| Loan Amount | $412,500 |
1.17
YEARS SAVED
$3,160
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,320
LIST RENT -
$0.89
LIST RENT PER SQFT
-
$2,333
COMP ESTIMATED VALUE -
$0.89
COMP AVG. RENT PER SQFT
Comps Range
-
9988 Sycamore Canyon Road Moreno Valley, 3
- 5 beds 3 baths ∙ 2,621 Sqft ∙ Built 1995 5 beds 3 baths ∙ 2,621 Sqft ∙ Built 1995
- Rent
- Rent Per SQFT
- $2,320
- $0.89
-
9698 Pebble Brook Drive Moreno Valley, 1
- 6 beds 3 baths ∙ 2,361 Sqft ∙ Built 1989 6 beds 3 baths ∙ 2,361 Sqft ∙ Built 1989
LEASED 08/02/19- Rent
- Rent Per SQFT
- $2,200
- $0.93
-
23459 Mariner Way Moreno Valley, 2
- 5 beds 3 baths ∙ 2,696 Sqft ∙ Built 2003 5 beds 3 baths ∙ 2,696 Sqft ∙ Built 2003
LEASED 05/15/20- Rent
- Rent Per SQFT
- $2,300
- $0.85
-
10136 Beachcomber Street Moreno Valley, 4
- 5 beds 3 baths ∙ 2,696 Sqft ∙ Built 2002 5 beds 3 baths ∙ 2,696 Sqft ∙ Built 2002
LEASED 07/12/19- Rent
- Rent Per SQFT
- $2,400
- $0.89
PROPERTY LISTING DETAILS
Agio Real Estate Inc. Av
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: 527487
Last Updated: 08/25/2020
