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27697 Sonora Circle Temecula, CA 92591

4 Beds 2 Baths 2,558 sqft Built 2000

$579,900

List Price

$2,360

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 2000
  • Price/Sqft : $226.70
  • 4 Days on Market
  • MLS # : SW20230026
  • Updated Date : 10/31/2020 at 11:11
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,558 sqft
  • Baths : 2 full
Listing Agent

Big Block Realty

Listing Agent's Description

Upgraded Chantemar Villas home located on over 1/4 acre at the end of a quiet cul-de-sac! Step inside a circular turret-style entry and immediately notice the rich gorgeous hardwood floors, upgraded baseboards and vaulted ceiling. Great natural light beams into the lovely formal living and dining rooms. The living room has a peek-thru area into the inviting family room where you will find a gas fireplace with tile detail, built-in media niche and ceiling fan. There is easy kitchen access from the dining room. Spacious kitchen boasts an island with barstool seating and storage, an eating area, tile counters and recessed lighting. Adding to this phenomenal layout is a downstairs bedroom and bathroom! As you approach the top of the stairs you will find a loft that separates the master bedroom from the secondary bedrooms. Both secondary bedrooms face the front of the home and have neutral carpet/paint and ceiling fans. Unwind in your master suite that includes backyard views, ceiling fan, dual sinks, vanity area, walk-in closet with 2 doors, jet soaker tub & separate shower. Backyard has unlimited potential with its size and shape, it's a must see! It currently has a solid Alumawood patio cover with 2 fans, trees and lots of privacy. This home is just minutes from the Promenade Mall, restaurants and Temecula's premier shopping. Walk to park, James Day Middle School and easy 15-freeway access. Topping off this fantastic home is a 3-car garage. Don't let this one slip by!

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: Campos Verdes

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $149k614k

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

Neighborhood: Campos Verdes

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
Nicolas Valley Elementary School Primary Regular 753 29 6
James L. Day Middle School Middle Regular 994 38 8
Chaparral High School High Regular 3,237 120 9

Nicolas Valley Elementary School

  • Education Level: Primary
  • # of students: 753
  • # of teachers: 29
6
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
 

$521,910$637,890$579,900

PURCHASE PRICE

$2,124$2,596$2,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,360
EXPENSES Loan Payment -$2,140
Property Tax -$644
Property Insurance -$89
Property Management Fees -$139
CASH FLOW
-$652

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.

$579,900

PROJECTED PRICE

$2,360

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 5.1%
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-$10k-$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$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$159,424

INVESTMENT

$159,424

Down Payment
$144,975
Rehab Estimate
$5,750
Closing Costs
$8,699

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,140

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $144,975
Loan Amount $434,925
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,686

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,360

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $2,437

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$2,250
1$2,2502$2,3003$2,3604$2,5005$2,650
$2,650
RENT COMPS ANALYSIS
  • 27697 Sonora Circle Temecula, CA 3
    • 4 beds 2 baths ∙ 2,558 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,558 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $2,360
    • $0.92
    •  
  • 40362 Chantemar Way Temecula, CA 1
    • 4 beds 3 baths ∙ 2,558 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,558 Sqft ∙ Built 2000
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.88
    •  
  • 27521 Stanford Drive Temecula, CA 2
    • 4 beds 3 baths ∙ 2,558 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,558 Sqft ∙ Built 2001
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.90
    •  
  • 28769 Edenton Way Temecula, CA 4
    • 4 beds 3 baths ∙ 2,528 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,528 Sqft ∙ Built 2005
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.99
    •  
  • 27513 Stanford Drive Temecula, CA 5
    • 4 beds 3 baths ∙ 2,558 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,558 Sqft ∙ Built 2001
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.04
    •  
PROPERTY LISTING DETAILS
Val Ives
Big Block Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW20230026
Last Updated: 10/31/2020
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