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

30365 Veronda Place Temecula, CA 92592

4 Beds 3 Baths 2,059 sqft Built 1985

$549,990

List Price

$2,310

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $267.12
  • 5 Days on Market
  • MLS # : PW21022303
  • Updated Date : 02/03/2021 at 20:53
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,059 sqft
  • Baths : 2 full , 1 half
Listing Agent

Momentum Realty Group

Listing Agent's Description

Charming 4 bedroom, 2.5 bath home in the Alta Vista Tract of Temecula. Located on a Cul De Sac with no rear neighbors! This 2,059 sqft home features new laminate flooring, tile and carpet in the bedrooms, raised panel doors, modern 4” baseboards and crown molding. The entry level features one bedroom, powder bathroom, dining room, family room and kitchen. Granite countertops, stainless steel appliances, freshly painted cabinets and a cute breakfast nook complete the kitchen. The upper level features 2 additional bedrooms, 1 full bathroom and the Master Suite with dual walk-in closets, granite countertops, dual sinks and skylights. The fully landscaped backyard with large patio and patio cover is an entertainer’s dream. Block wall fencing w/ wrought iron, native California plants and fruit trees. Direct garage access with laundry hookups and parking for 2 cars. This home is a must see!!!

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
 

$494,991$604,989$549,990

PURCHASE PRICE

$2,079$2,541$2,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,310
EXPENSES Loan Payment -$1,910
Property Tax -$591
Property Insurance -$77
HOA -$55
Property Management Fees -$136
CASH FLOW
-$460

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.

$549,990

PROJECTED PRICE

$2,310

PROJECTED RENT

0.42%

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-$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$151,497

INVESTMENT

$151,497

Down Payment
$137,498
Rehab Estimate
$5,750
Closing Costs
$8,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,910

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $137,498
Loan Amount $412,493
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$4,263

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,310

    LIST RENT
  • $1.12

    LIST RENT PER SQFT
  • $2,481

    COMP ESTIMATED VALUE
  • $1.21

    COMP AVG. RENT PER SQFT
Comps Range
$2,150
1$2,1502$2,3003$2,3104$2,3505$2,400
$2,400
RENT COMPS ANALYSIS
  • 30365 Veronda Place Temecula, CA 3
    • 4 beds 3 baths ∙ 2,059 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,059 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $2,310
    • $1.12
    •  
  • 42171 Orange Blossom Drive Temecula, CA 1
    • 3 beds 3 baths ∙ 1,787 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,787 Sqft ∙ Built 2000
    LEASED 01/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.20
    •  
  • 42547 Escolacata Drive Temecula, CA 2
    • 4 beds 2 baths ∙ 1,848 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,848 Sqft ∙ Built 1979
    LEASED 12/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.24
    •  
  • 31495 Corte Rimola Temecula, CA 4
    • 4 beds 3 baths ∙ 1,946 Sqft ∙ Built 1994 4 beds 3 baths ∙ 1,946 Sqft ∙ Built 1994
    LEASED 09/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.21
    •  
  • 42145 Calabria Drive Temecula, CA 5
    • 3 beds 3 baths ∙ 2,060 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,060 Sqft ∙ Built 2001
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.17
    •  
PROPERTY LISTING DETAILS
Karl Parize
Momentum Realty Group
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21022303
Last Updated: 02/03/2021
BESbswy