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 2004
- Price/Sqft : $182.84
- 3 Days on Market
- MLS # : SW20259334
- Updated Date : 12/19/2020 at 16:18
CONSTRUCTION
- Beds : 3
- Floor Size : 2,844 sqft
- Baths : 3 full
Listing Agent
Redfin Corporation
Listing Agent's Description
Welcome home to this entertainer’s paradise! This spectacular, upgraded, pool home, has incredible scenic views of the Cleveland National Forest! The kitchen has upgraded appliances, granite slab countertops, custom cabinetry, and a spacious dining area. The first floor also has an oversized entertainment bar complete with a wine cooler, refrigerator, double sink, granite slab countertops, and custom cabinetry. The Primary Bedroom has a walk-in closet and a luxury ensuite with chiseled edge Versailles Travertine flooring. This home has upgraded lighting and ceiling fans throughout and is equipped with indoor and outdoor surround sound. Enjoy the tropical oasis backyard that offers an impressive custom rock swimming pool and spa, built-in BBQ with Palapa, dining counter, and 6 built-in stools. You will also find a cozy fire pit with built-in seating for 10! Don’t forget the AstroTurf, sandbox, garden beds, and fruit trees! The three-car garage has also been converted into a private gym. This home is truly a gem that you MUST SEE!
SEE MORE
MARKET HIGHLIGHTS
- 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)
- 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)
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 | $2,400 |
| EXPENSES | Loan Payment | -$1,919 |
| Property Tax | -$461 | |
| Property Insurance | -$96 | |
| Property Management Fees | -$142 | |
|
CASH FLOW
-$218
|
||
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.
$520,000
PROJECTED PRICE
$2,400
PROJECTED RENT
0.46%
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
$143,550
LOAN DETAILS
$1,919
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $130,000 |
| Loan Amount | $390,000 |
3.67
YEARS SAVED
$20,742
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,400
LIST RENT -
$0.84
LIST RENT PER SQFT
-
$2,396
COMP ESTIMATED VALUE -
$0.84
COMP AVG. RENT PER SQFT
Comps Range
-
22920 Joy Court Wildomar, CA 3
- 4 beds 3 baths ∙ 2,844 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,844 Sqft ∙ Built 2004
- Rent
- Rent Per SQFT
- $2,400
- $0.84
-
23329 Red Willow Way Murrieta, CA 1
- 4 beds 3 baths ∙ 2,622 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,622 Sqft ∙ Built 1993
LEASED 04/10/20- Rent
- Rent Per SQFT
- $2,200
- $0.84
-
36148 Madora Drive Wildomar, CA 2
- 4 beds 3 baths ∙ 2,844 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,844 Sqft ∙ Built 2004
LEASED 05/02/20- Rent
- Rent Per SQFT
- $2,300
- $0.81
-
24036 Esmeralda Court Wildomar, CA 4
- 4 beds 3 baths ∙ 2,890 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,890 Sqft ∙ Built 2002
LEASED 12/06/19- Rent
- Rent Per SQFT
- $2,450
- $0.85
-
24125 Montecito Drive Wildomar, CA 5
- 4 beds 4 baths ∙ 3,091 Sqft ∙ Built 2016 4 beds 4 baths ∙ 3,091 Sqft ∙ Built 2016
LEASED 06/22/20- Rent
- Rent Per SQFT
- $2,700
- $0.87
PROPERTY LISTING DETAILS
Redfin Corporation
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: SW20259334
Last Updated: 12/19/2020
