Owner
$470,734
24970 MYERS AVE, MORENO VALLEY, CA
Quick Facts
owner occupied
Yes
vacant
No
corporate owner
No
beds
2
baths
1
sq. ft.
982
property type
Single Family Residential
hoa
No
About
Residential
Building Quality C
Living Area
Detached Garage
1 Story
Central
Wood
Central
Financial Overview
Home Equity
Property
Outstanding Debt
Property
Loan-to-Value Ratio
Property
Property Features
Year Built
1955
Building Size
982 sq ft
Lot Size
20,038 sq ft
Lot Size (Acres)
0.46 acres
Distressed Property Status
In Pre-foreclosure
Property
Notice of Sale Filed
Property
Notice of Default Filed
Property
Scheduled for Auction
Property
Filing Date
Property
Property Location Details
Parcel Number (APN)
481-200-025
County
Riverside County, California
Metro Area
Riverside-San Bernardino-Ontario, CA
Zoning
R1
Neighborhood/Subdivision
EDGEMONT GARDENS
Lot Number
252
School District
Moreno Valley Unified School District
Legal Description
POR LOT 252 MB 015/090 EDGEMONT GARDENS
Tax & Value Information
Market Value (Total)
$299,700
Building Value
$0
Land Value
$299,700
Annual Property Tax
$4,178
Tax Assessment Year
2024
Assessed Value
$278,559
Last Assessment Year
2023
Original Primary Mortgage
Property
Primary Mortgage Type
Property
Original Secondary Mortgage
Property
Secondary Mortgage Type
Property
Current Mortgage Amount
Property
Current Mortgage Type
Property
Interest Rate
Property
Loan Term
Property
Lender Name
—
Last Sale Contract Date
5/22/2019
Recording Date
1/31/2020
Sales Document #
2020.50070
Primary Owner
Property
Co-Owner
Property
Previous Owner
Property
Previous Co-Owner
Property
Recent sales Comparables
Estimated Value:
$0
Average Price per Sq.Ft.: $0.00
Sales Comparables
Real Estate Investment Analysis
Evaluate this property as a fix & flip opportunity
Estimated Profit
$18,215
Return on Investment
15.60%
After Repair Value
$517,807
Basic Inputs
Financing
Down Payment
20%
Interest Rate
6.5%
Loan Term (Years)
30
Holding Period (months)
6
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Analysis Details
Purchase Price
$423,661
Renovation Cost
$23,537
Closing Costs (buying)
$8,473
Holding Costs
$12,854
Selling Costs
$31,068
Total Investment
$116,742
After Repair Value (ARV)
$517,807
Total Costs
$499,593
Estimated Profit
$18,215
Cash Invested
$108,269
Return on Investment
15.60%
Return on Cash Invested
16.82%
Nearby Schools
No Elementary School nearby
No Middle School nearby
No High School nearby
Properties owned by investors
Income Distributions
Ethnicity Distributions
Chart
Yearly Purchases
Connex Segmentation Clusters
Area Profile for Investors
Quiet Residential
Walkability
Poor
(0 POIs within 1mi)
Amenities Within 0.5mi
0
locations
Schools Within 1mi
0
schools
Area Class
A
class
Investor Insight
This is a quiet residential area with 0 amenities within 1 mile.
The area has limited nearby amenities.
Key features for tenant appeal:
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Key Amenities in the Area