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22704 Gierson Avenue Wildomar, CA 92595

3 Beds 2 Baths 1,899 sqft Built 1989

$439,000

List Price

$2,280

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $231.17
  • 2 Days on Market
  • MLS # : SW21004728
  • Updated Date : 01/09/2021 at 11:36
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,899 sqft
  • Baths : 2 full
Listing Agent

Trillion Real Estate

Listing Agent's Description

Desirable community of Windsong Valley, Wildomar. Has a great floor plan with stainless appliances, granite countertops, and plenty of kitchen cabinet space. This home has an indoor separate laundry room just off the garage entrance. Brand new energy efficient, double paned windows throughout the house with new cordless window coverings. You'll also find every bedroom and common area has a ceiling light/fan. That's not all the master bedroom includes 3 closet areas and an additional office space. The master bathroom was recently updated with an oversized walk-in shower that is equipped with 2 separate shower heads and plenty of storage space. The second bathroom has a newly glazed bathtub. Both bathrooms have updated vanities and counter tops. New water heater and whole house water softener system with RO under the kitchen sink! This home has a fenced pool along with a separate yard area and patio. Patio cover has recently been repainted and Edison bulb style patio lights surrounding the patio and pool area giving off a warm welcoming feel to the backyard and pool area. New backyard fence for ultimate backyard privacy and security. Drought friendly low maintenance landscape. The home has solar. Close to Schools, Gas Stations, and Restaurants located nearby Wildomar Square and minutes away from Interstate 15 access.

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: Windsong Valley

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $143k529k

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

Neighborhood: Windsong Valley

ZipNIR Market*CityMarket2010Year2000 Q22019 Q2110012001300140015001600170018001900200021002200Rent in $10822247

* 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
Donald Graham Elementary School Primary Regular 515 23 4
David A. Brown Middle School Middle Regular 1,010 41 4
Elsinore High School High Regular 2,125 90 5

Donald Graham Elementary School

  • Education Level: Primary
  • # of students: 515
  • # of teachers: 23
4
GreatSchools Rating

David A. Brown Middle School

  • Education Level: Middle
  • # of students: 1,010
  • # of teachers: 41
4
GreatSchools Rating

Elsinore High School

  • Education Level: High
  • # of students: 2,125
  • # of teachers: 90
5
GreatSchools Rating
 

$395,100$482,900$439,000

PURCHASE PRICE

$2,052$2,508$2,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,280
EXPENSES Loan Payment -$1,525
Property Tax -$495
Property Insurance -$73
Property Management Fees -$135
CASH FLOW
$52

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.

$439,000

PROJECTED PRICE

$2,280

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$122,085

INVESTMENT

$122,085

Down Payment
$109,750
Rehab Estimate
$5,750
Closing Costs
$6,585

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,525

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $109,750
Loan Amount $329,250
See What Happens When You Reinvest Cash Flow

6.33

YEARS SAVED

$32,383

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,280

    LIST RENT
  • $1.2

    LIST RENT PER SQFT
  • $2,322

    COMP ESTIMATED VALUE
  • $1.22

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,2803$2,3254$2,3505$2,495
$2,495
RENT COMPS ANALYSIS
  • 22704 Gierson Avenue Wildomar, CA 2
    • 3 beds 2 baths ∙ 1,899 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,899 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $2,280
    • $1.20
    •  
  • 35264 Frederick Street Wildomar, CA 1
    • 4 beds 2 baths ∙ 1,708 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,708 Sqft ∙ Built 2002
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.23
    •  
  • 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
    •  
  • 23080 Cannery Road Wildomar, CA 5
    • 4 beds 2 baths ∙ 1,917 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,917 Sqft ∙ Built 2001
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.30
    •  
PROPERTY LISTING DETAILS
Dan Moore
Trillion Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW21004728
Last Updated: 01/09/2021
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