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

27102 Cherry Grove Court Temecula, CA 92591

5 Beds 3 Baths 2,943 sqft Built 2001

$534,900

List Price

$2,610

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $181.75
  • 4 Days on Market
  • MLS # : SW20251195
  • Updated Date : 12/05/2020 at 09:51
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,943 sqft
  • Baths : 3 full
Listing Agent

Century 21 Award-tem Redhawk

Listing Agent's Description

UPGRADED TEMECULA GEM ON CUL-DE-SAC! Fabulous home located in a well-established neighborhood in Temecula with LOW TAXES & NO HOA. Enchanting 5 bed/ 3 bath home sits on a premium cul-de-sac lot and is loaded with upgrades. Seller entertaining offers between $534,900 to $554,900. As you enter the home you are greeted by stunning vaulted ceilings and an abundance of windows to capture all the natural sunlight. Newer luxury vinyl plank flooring leads you to the living room, dining room, and continues throughout the main floor. Separate living room as well as a front Bedroom (no closet but being used as a Br). Beautifully upgraded kitchen features newer quartz countertops, newer stainless steel appliances, and large angled island with newer sink and faucet. Open Family room with fireplace and built in entertainment center flows effortlessly from the kitchen and features slider to the backyard for ease in entertaining. Separate formal dining room. Upstairs you will find oversized secondary bedrooms, large master suite, and laundry room. The very spacious master suite includes a master bath with double vanity, standup shower, soaking tub, and large walk-in closet. There's a very large bonus room, currently being used as a kids study room (could be Br 5). Sitting on a 13,939 Sq. Ft lot, this home offers a nicely landscaped, private backyard featuring an attached pergola, mature trees and kids play set with slide.

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: Vintage Reserve

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $149k614k

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

Neighborhood: Vintage Reserve

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q211001200130014001500160017001800190020002100220023002400Rent in $10822496

* 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
Ysabel Barnett Elementary School Primary Regular 941 35 8
James L. Day Middle School Middle Regular 994 38 8
Chaparral High School High Regular 3,237 120 9

Ysabel Barnett Elementary School

  • Education Level: Primary
  • # of students: 941
  • # of teachers: 35
8
GreatSchools Rating

James L. Day Middle School

  • Education Level: Middle
  • # of students: 994
  • # of teachers: 38
8
GreatSchools Rating

Chaparral High School

  • Education Level: High
  • # of students: 3,237
  • # of teachers: 120
9
GreatSchools Rating
 

$481,410$588,390$534,900

PURCHASE PRICE

$2,349$2,871$2,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,610
EXPENSES Loan Payment -$1,974
Property Tax -$546
Property Insurance -$98
Property Management Fees -$154
CASH FLOW
-$162

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.

$534,900

PROJECTED PRICE

$2,610

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 4.9%
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$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$147,499

INVESTMENT

$147,499

Down Payment
$133,725
Rehab Estimate
$5,750
Closing Costs
$8,024

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,974

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $133,725
Loan Amount $401,175
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$25,928

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,610

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $2,612

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$2,450
1$2,4502$2,4503$2,5004$2,6005$2,610
$2,610
RENT COMPS ANALYSIS
  • 27102 Cherry Grove Court Temecula, CA 5
    • 5 beds 3 baths ∙ 2,943 Sqft ∙ Built 2001 5 beds 3 baths ∙ 2,943 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $2,610
    • $0.89
    •  
  • 40374 Corrigan Place Temecula, CA 1
    • 4 beds 3 baths ∙ 2,774 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,774 Sqft ∙ Built 2008
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.88
    •  
  • 39573 Bonaire Way Murrieta, CA 2
    • 5 beds 4 baths ∙ 2,706 Sqft ∙ Built 1999 5 beds 4 baths ∙ 2,706 Sqft ∙ Built 1999
    LEASED 09/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.91
    •  
  • 26737 Peachwood Drive Murrieta, CA 3
    • 5 beds 3 baths ∙ 3,067 Sqft ∙ Built 2001 5 beds 3 baths ∙ 3,067 Sqft ∙ Built 2001
    LEASED 02/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.82
    •  
  • 40473 Corrigan Place Temecula, CA 4
    • 4 beds 3 baths ∙ 2,774 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,774 Sqft ∙ Built 2005
    LEASED 09/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.94
    •  
PROPERTY LISTING DETAILS
Michael Rangel
Century 21 Award-tem Redhawk
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW20251195
Last Updated: 12/05/2020
BESbswy