Skip to content
Insider Realty, powered by AXEN Realty
Talk to Zarko

Insider Realty · Zarko Maletin · DRE #02038779 · (951) 453-9683 · insider.realty · prepared September 23, 2026

Sample

Deal brief

The 37100 block of Serenity Way, Meadowview

Underwriting, not hope.

Opens your browser’s print dialog — choose “Save as PDF.”
Get the real one →

The numbers

Every figure below is the underwriting math behind the asking price, not a marketing pro forma.

The case for and against →
The 37100 block of Serenity Way, Meadowview — the subject of this brief. Illustrative photograph.

The buy box

Price
$689,000
Rent range (4 comps, moderate confidence)
$2,900–$3,200 / mo
Cap rate
5.2%
DSCR at 25% down
1.08
Cash-on-cash, year 1
4.6%
True carrying cost / mo
$4,120
Mello-Roos
through 2041
STR projection
$61K / yr grossprojection, check city rules

The case for and against

Weighing the real tailwinds against the real friction, before capital moves.

For

  • 5.2% cap at ask, 5.8% at the second cut
  • Rent growth 4% a year in this tract, 4 comps
  • ADU-eligible lot, detached garage conversion
  • VA and FHA buyer pool underneath you at exit

Against

  • Mello-Roos through 2041 adds $187 a month
  • HOA rose twice in three years
  • Post-1996 slab; west-facing lots show moisture
  • STR licensing capped in this zone

Rent comparables

What actually rented nearby, not what a listing agent hopes it will rent for.

  • 37210 Meadow View Dr3 bd$2,950 / mo
  • 37088 Serenity Way2 bd$2,350 / mo
  • 41842 Juniper St3 bd$2,825 / mo
  • 41906 Ridge Park Ln2 bd$2,425 / mo

Parcel diligence

What we checked on the parcel before recommending anyone write an offer.

ADU

Potential exists; setbacks need field verification.

Permits

Core structures found in city record.

Zoning

Multifamily use appears conforming.

Flood

Outside mapped high-risk flood zone.

Wildfire

Moderate exposure; confirm carrier appetite.

Insurability

Preliminary quote available; bind pending.

Exit

Two ways this deal can end, and what each one requires.

Hold and rent

Keep the loan, stabilize the rent range, and let the spread between carrying cost and market rent compound over time.

Sell in five years

Season the ownership, let rent growth support a higher valuation, then exit with cleaner operating history for the next buyer.

Request a lender review

Ask the Insider desk to review this brief and help you share it with the person who underwrites it.

Private request. The Insider desk follows up personally.

Sample report. Illustrative until the verified feed is connected. Not an inspection.