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20 Villa Milano Lake Elsinore, CA 92532

4 Beds 3 Baths 1,895 sqft Built 1991

$499,500

List Price

$2,180

$2K - $2.4K

Rent Est.

PROPERTY INFO

January 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $263.59
  • 5 Days on Market
  • MLS # : IG21002573
  • Updated Date : 01/08/2021 at 18:06
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,895 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker Residential

Listing Agent's Description

Just Listed Stunning Private Panoramic View's to Canyon Hills Lake and Mountains Large Lot, with resort style back yard that will take your breath away. Absolutely gorgeous Heated in ground 11" deep Pool/Spa and tiki hunt. 3 BEDROOMS All UpStairs WITH A POSSIBLE 4TH BEDROOM OPEN OFFICE WITH THE ADDITION OF MIRROW DOORS AND A CLOSET IN MASTER BEDROOM. BOTH MASTER AND BATH HAVE STUNNING VIEWS. STAINED GLASS KITCHEN CABINET DOORS, SIMPLY BEAUTIFUL BAY WINDOW AND LIVING ROOM WINDOWS OPEN LOTS OF LIGHT HIGHT CEILINGS. CUSTOM DESIGNED GUEST AND MASTER BATHS. NEW VINYL FENCING ON BOTH SIDES OF HOUSE. CUSTOM STONE/BRICKWORK IN FRONT AND BACK. NEWER PALAPA ROOF ON TIKI HUT. BUILT IN TABLES IN BACK. LARGE FIRE PIT. LOTS OF UPGRADES. HAVE TO SEE TO APPRECIATE. THIS IS A MUST SEE! HOA ALSO OFFERS COMMUNITY AMENITIES. PARKS AND MORE> COME AND SEAT ON TOP OF THE HILL AND HAVE YOUR OWN PRIVATE BREATH TAKING VIEWS!!!

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: Tuscany Hills

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $149k584k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Tuscany Hills

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2110012001300140015001600170018001900200021002200230024002500Rent in $10512516

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Tuscany Hills Elementary School Primary Regular 777 33 8
Canyon Lake Middle School Middle Regular 1,207 44 6
Temescal Canyon High School High Regular 2,172 89 7

Tuscany Hills Elementary School

  • Education Level: Primary
  • # of students: 777
  • # of teachers: 33
8
GreatSchools Rating

Canyon Lake Middle School

  • Education Level: Middle
  • # of students: 1,207
  • # of teachers: 44
6
GreatSchools Rating

Temescal Canyon High School

  • Education Level: High
  • # of students: 2,172
  • # of teachers: 89
7
GreatSchools Rating
 

$449,550$549,450$499,500

PURCHASE PRICE

$1,962$2,398$2,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,180
EXPENSES Loan Payment -$1,735
Property Tax -$472
Property Insurance -$73
HOA -$167
Property Management Fees -$129
CASH FLOW
-$395

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.

$499,500

PROJECTED PRICE

$2,180

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 5.9%
Maintenance Year (1-5) 8.00%
Vacancy 5.35%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$138,118

INVESTMENT

$138,118

Down Payment
$124,875
Rehab Estimate
$5,750
Closing Costs
$7,493

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,735

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $124,875
Loan Amount $374,625
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$4,410

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,180

    LIST RENT
  • $1.15

    LIST RENT PER SQFT
  • $2,156

    COMP ESTIMATED VALUE
  • $1.14

    COMP AVG. RENT PER SQFT
Comps Range
$2,180
1$2,1802$2,2003$2,2504$2,4005$2,500
$2,500
RENT COMPS ANALYSIS
  • 20 Villa Milano Lake Elsinore, CA 1
    • 4 beds 3 baths ∙ 1,895 Sqft ∙ Built 1991 4 beds 3 baths ∙ 1,895 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $2,180
    • $1.15
    •  
  • 24 Bella Lucia Lake Elsinore, CA 2
    • 4 beds 3 baths ∙ 2,007 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,007 Sqft ∙ Built 1991
    LEASED 10/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.10
    •  
  • 32 Del Brienza Lake Elsinore, CA 3
    • 3 beds 2 baths ∙ 1,936 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,936 Sqft ∙ Built 2000
    LEASED 01/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.16
    •  
  • 33 Bella Donaci Lake Elsinore, CA 4
    • 4 beds 3 baths ∙ 2,062 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,062 Sqft ∙ Built 1994
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.16
    •  
  • 29595 Longhorn Drive Canyon Lake, CA 5
    • 3 beds 3 baths ∙ 2,213 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,213 Sqft ∙ Built 1998
    LEASED 12/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.13
    •  
PROPERTY LISTING DETAILS
Christina Powers
Coldwell Banker Residential
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IG21002573
Last Updated: 01/08/2021
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