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
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1989
- Price/Sqft : $231.76
- 3 Days on Market
- MLS # : SW21035106
- Updated Date : 02/19/2021 at 14:15
CONSTRUCTION
- Beds : 4
- Floor Size : 2,157 sqft
- Baths : 2 full , 1 half
Listing Agent
Equity California Real Estate
Listing Agent's Description
Come see this outstanding 4 Bedroom 2 1/2 bath home at the end of a cul de sac. The home has no backyard neighbors and has been immaculately kept. Pride of Home Ownership! This home is on a beautiful lot with plenty of space and greenery to put your own design on it. The backyard is a wonderful size and is in excellent condition. It even comes with a Spa. The cul de sac is a quiet little sanctuary and the backyard only enhances this lovely home. The inside of the home is in great shape. The kitchen is a nice size. The bedrooms are a wonderful size. The dining and family room combination is a wonderful place to entertain. The home is ready to move-in. There is endless potential! Book an appointment today and make this the home of your dreams!!!!
SEE MORE
MARKET HIGHLIGHTS
- 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.
- 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)
PRICE & RENT TRENDS
Neighborhood: Windsong Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Windsong Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,220 |
| EXPENSES | Loan Payment | -$1,736 |
| Property Tax | -$444 | |
| Property Insurance | -$79 | |
| Property Management Fees | -$131 | |
|
CASH FLOW
-$170
|
||
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.
$499,900
PROJECTED PRICE
$2,220
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 5.4% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.43% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$138,224
LOAN DETAILS
$1,736
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $124,975 |
| Loan Amount | $374,925 |
3.83
YEARS SAVED
$18,070
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,220
LIST RENT -
$1.03
LIST RENT PER SQFT
-
$2,378
COMP ESTIMATED VALUE -
$1.1
COMP AVG. RENT PER SQFT
Comps Range
-
22627 Weatherly Court Wildomar, CA 2
- 4 beds 3 baths ∙ 2,157 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,157 Sqft ∙ Built 1989
- Rent
- Rent Per SQFT
- $2,220
- $1.03
-
35606 Aster Drive Wildomar, CA 1
- 4 beds 2 baths ∙ 2,117 Sqft ∙ Built 1990 4 beds 2 baths ∙ 2,117 Sqft ∙ Built 1990
LEASED 03/08/20- Rent
- Rent Per SQFT
- $2,100
- $0.99
-
35850 Frederick Street Wildomar, CA 3
- 3 beds 3 baths ∙ 1,983 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,983 Sqft ∙ Built 1999
LEASED 09/01/20- Rent
- Rent Per SQFT
- $2,325
- $1.17
-
23221 Harbor Seal Court Wildomar, CA 4
- 4 beds 3 baths ∙ 1,983 Sqft ∙ Built 2001 4 beds 3 baths ∙ 1,983 Sqft ∙ Built 2001
LEASED 02/24/20- Rent
- Rent Per SQFT
- $2,350
- $1.19
-
35614 Wanki Avenue Wildomar, CA 5
- 4 beds 3 baths ∙ 2,219 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,219 Sqft ∙ Built 1987
LEASED 04/06/20- Rent
- Rent Per SQFT
- $2,350
- $1.06
PROPERTY LISTING DETAILS
Equity California Real Estate
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: SW21035106
Last Updated: 02/19/2021
