Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
333 W Francis Street 
Corona, CA
92882
3 Beds 2 Baths 1,080 sqft
Built 1971
INVESTimate
$484,900
List Price
$134,249
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Built In 1971
- Price/Sqft : $448.98
- 2 Days on Market
- MLS # : IG20174613
- Updated Date : 08/25/2020 at 15:20
CONSTRUCTION
- Beds : 3
- Floor Size : 1,080 sqft
- Baths : 2 full
Listing Agent
Reliance Real Estate Services
Listing Agent's Description
Amazing Mid-Century-Modern home and everything is NEW! Open your custom front door and walk into your forever home that’s ready for you to move-in. It’s drenched in recessed and pendent lighting throughout the interior and exterior. This completely-renovated home has its own gourmet kitchen that will inspire your inner chef with new cabinets accented by custom quarts’ counters that harmonize beautifully a modern apron-front sink, stylish backsplash, a posh chef’s oven, stunning center island with seating, a generous pantry, and sophisticated stainless steel appliances. The bathrooms are equally stunning with matching quarts that bring a pleasant flow to the home’s open floorplan. Both designer bathrooms feature edgeless shower enclosures, stunning lighted enclaves and opulent tile. And of course, all new vanities, sinks, faucets, toilets, mirrors, and lighting. The lustrous flooring is perfectly accented by charming base-moldings throughout the home. Consistent with the furnishings, the central AC and heating are new as are all the home’s windows, interior doors, garage door, French doors that lead to the back porch and spacious back yard. The back yard is ready for any and all your plans and even supply plenty of RV parking for all your toys. New central AC and heating will keep your family comfortable and happy too. New stainless appliances, new windows throughout. There’s new flooring interior and exterior paint with new sod and sprinkler system.
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: Central Corona
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Central Corona
* 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 | $1,860 |
| EXPENSES | Loan Payment | -$1,789 |
| Property Tax | -$459 | |
| Property Insurance | -$53 | |
| Property Management Fees | -$110 | |
|
CASH FLOW
-$551
|
||
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.
$484,900
PROJECTED PRICE
$1,860
PROJECTED RENT
0.38%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 7.50% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.43% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$134,249
LOAN DETAILS
$1,789
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $121,225 |
| Loan Amount | $363,675 |
0.67
YEARS SAVED
$1,455
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,860
LIST RENT -
$1.72
LIST RENT PER SQFT
-
$1,685
COMP ESTIMATED VALUE -
$1.56
COMP AVG. RENT PER SQFT
Comps Range
-
333 W Francis Street Corona, 1
- 3 beds 2 baths ∙ 1,080 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,080 Sqft ∙ Built 1971
- Rent
- Rent Per SQFT
- $1,860
- $1.72
-
349 E Rancho Road Corona, 2
- 3 beds 2 baths ∙ 1,278 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,278 Sqft ∙ Built 1959
LEASED 01/24/20- Rent
- Rent Per SQFT
- $1,925
- $1.51
-
1052 W 10th Street Corona, 3
- 3 beds 2 baths ∙ 1,250 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,250 Sqft ∙ Built 1956
LEASED 04/16/19- Rent
- Rent Per SQFT
- $1,950
- $1.56
-
1324 Camelot Drive Corona, 4
- 3 beds 2 baths ∙ 1,364 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,364 Sqft ∙ Built 1977
LEASED 11/05/19- Rent
- Rent Per SQFT
- $2,150
- $1.58
-
323 E Rancho Road Corona, 5
- 4 beds 2 baths ∙ 1,384 Sqft ∙ Built 1962 4 beds 2 baths ∙ 1,384 Sqft ∙ Built 1962
LEASED 02/10/20- Rent
- Rent Per SQFT
- $2,200
- $1.59
PROPERTY LISTING DETAILS
Reliance Real Estate Services
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: IG20174613
Last Updated: 08/25/2020
