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30145 Santa Cecilia Drive Temecula, CA 92592

4 Beds 2 Baths 1,848 sqft Built 1979

$499,000

List Price

$2,370

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

November 10, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $270.02
  • 7 Days on Market
  • MLS # : SW20236074
  • Updated Date : 11/11/2020 at 17:27
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,848 sqft
  • Baths : 2 full
Listing Agent

First Team Real Estate, Tem

Listing Agent's Description

Welcome home to 30145 Santa Cecila! As you walk through the vine covered courtyard and step into the entryway of this bright and airy home, you will find to the right, the living room appointed with vaulted ceilings, wood-like tile floors and a beautiful floor to ceiling stack stone fireplace with wood block mantle. Beyond the living room is the dining area which is open to the kitchen. The kitchen features custom maple cabinets with under-mount LED lighting, pendant lighting, quartz counter tops, stainless steel appliances and a VLUX skylight with automatic control. Off the kitchen is the in-door laundry area leading to the garage with epoxy floors, shelving, a ventilation fan, and is wired for sound. On the other side of the home you will find the Master bedroom featuring vaulted ceilings, access to the backyard, and a recently remodeled stone and tile walk-in shower and floating vanity. You will also find three secondary bedrooms, including one with a built-in desk and private access to the front courtyard. The spacious and serene back yard is a blank canvas waiting for you to make it your own! There are 5 raised planter beds in place, a large concrete pad perfect for entertaining, and multiple areas for seating or out-door dining. This home is centrally located, making it about 10 minutes from everything Temecula has to offer! Walking distance to schools and parks, and easy access to the freeway! If you’re looking for a home with great energy, this is it!

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: Alta Vista

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $143k620k

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

Neighborhood: Alta Vista

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q211001200130014001500160017001800190020002100220023002400Rent in $10592474

* 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
Vail Elementary School Primary Regular 580 25 5
Margarita Middle School Middle Regular 862 33 7
Temecula Valley High School High Regular 2,722 103 9

Vail Elementary School

  • Education Level: Primary
  • # of students: 580
  • # of teachers: 25
5
GreatSchools Rating

Margarita Middle School

  • Education Level: Middle
  • # of students: 862
  • # of teachers: 33
7
GreatSchools Rating

Temecula Valley High School

  • Education Level: High
  • # of students: 2,722
  • # of teachers: 103
9
GreatSchools Rating
 

$449,100$548,900$499,000

PURCHASE PRICE

$2,133$2,607$2,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,370
EXPENSES Loan Payment -$1,841
Property Tax -$537
Property Insurance -$72
HOA -$55
Property Management Fees -$140
CASH FLOW
-$274

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.

$499,000

PROJECTED PRICE

$2,370

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 6.9%
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$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

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$137,985

INVESTMENT

$137,985

Down Payment
$124,750
Rehab Estimate
$5,750
Closing Costs
$7,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,841

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $124,750
Loan Amount $374,250
See What Happens When You Reinvest Cash Flow

3

YEARS SAVED

$13,925

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,370

    LIST RENT
  • $1.28

    LIST RENT PER SQFT
  • $2,453

    COMP ESTIMATED VALUE
  • $1.33

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2503$2,3504$2,3705$2,500
$2,500
RENT COMPS ANALYSIS
  • 30145 Santa Cecilia Drive Temecula, CA 4
    • 4 beds 2 baths ∙ 1,848 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,848 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $2,370
    • $1.28
    •  
  • 42115 Kaffirboom Court Temecula, CA 1
    • 4 beds 2 baths ∙ 1,675 Sqft ∙ Built 1987 4 beds 2 baths ∙ 1,675 Sqft ∙ Built 1987
    LEASED 11/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.31
    •  
  • 30288 Mersey Court Temecula, CA 2
    • 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 1988
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.39
    •  
  • 29688 Ramsey Court Temecula, CA 3
    • 4 beds 3 baths ∙ 1,856 Sqft ∙ Built 1988 4 beds 3 baths ∙ 1,856 Sqft ∙ Built 1988
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.27
    •  
  • 42738 Santa Suzanne Place Temecula, CA 5
    • 4 beds 2 baths ∙ 1,863 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,863 Sqft ∙ Built 1973
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.34
    •  
PROPERTY LISTING DETAILS
Jessica Garde
First Team Real Estate, Tem
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW20236074
Last Updated: 11/11/2020
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