24264 FIR
MORENO VALLEY, CA
Property Report
Property Details
- Use Code (Standard)
- RMFD
- Use Code (Municipal)
- R2
- Zoning
- R2
- Year Built
- 1946
- Remodeled
- No remodel recorded
- Lot Sqft (ac)
- 12196.80 (0.28)
- Bldg Sqft
- 1440
- Bed
- 3
- Bath
- 2.00
- Total Rooms
- Unknown
- Stories
- 1
- Units
- 1
- Parking
- C 0
Legal Description
- Parcel Number
- 481150033
- Description
- POR LOT 60 MB 015/090 EDGEMONT GARDENS
- Subdivision
- EDGEMONT GARDENS
Active & Recently Sold Comparables
No active comparable properties found.
Found 2 sold comparable properties within a 1.5 mile radius
| Address | Distance |
|---|---|
| 24212 WEBSTER | 0.1377 |
| 24321 POSTAL | 0.3435 |
Rental comparables
| Source | Accuracy | Low | Median | High | # of Comparables | More info |
|---|---|---|---|---|---|---|
| Rentometer | Census Tract | $1,299 | $1,395 | $1,483 | Comparables Report | |
| HUD FMR | Statistical Area (CBSA) | $1,622 | Not applicable | HUD FMR Information |
Investment Summary
This investment summary assumes a 30-year fixed loan, 20% down, 7% APR. It uses operating assumptions of 10% management fees, 9% vacancy allotment, 3% repairs. This investment summary assumes that rents increase each year by 5%. This property would need to be purchased for $195,000 in order to generate a break-even cashflow based on prevaliing market rents.
| 1 Year | 2 Year | 3 Year | 4 Year | 5 Year | |
|---|---|---|---|---|---|
| Break-even Purchase Price | $195,000 | ||||
| Rents | $16,740 |
$18,862 |
$22,689 |
$24,328 |
$26,046 |
| Cashflow Before Taxes | $-1,932 |
$-277 |
$2,708 |
$3,986 |
$5,326 |
| Cash-on-Cash Return | -4.95% |
-0.71% |
6.94% |
10.22% |
13.66% |
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