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PROPERTY INFO
FACTS
- Single Family
- Built In 1988
- Price/Sqft : $249.01
- 3 Days on Market
- MLS # : MB20256124
- Updated Date : 12/11/2020 at 16:22
CONSTRUCTION
- Beds : 5
- Floor Size : 2,028 sqft
- Baths : 3 full
Listing Agent
Excellence Re Real Estate
Listing Agent's Description
Wonderful opportunity in TEMECULA. This beautiful home is located near schools, shopping centers, and freeways!!! Need more space? look no further!!! With 5 bed rooms and 3 baths this homes has plenty of space and a lot of potential that you can call your own today!!! The home furnishes a story layout with the master and a private rest room up top, along with a single bed room right across. The other bed rooms at floor level with an additional master and private rest room below. Nice and sweet breakfast bar and plenty of room for pantry items. Plenty of parking both on the street and onsite. This gem in Temecula is an opportunity of a life time don't wait and let this chance of a life time pass you by.
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MARKET HIGHLIGHTS
- 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.
- 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)
PRICE & RENT TRENDS
Neighborhood: Margarita Village - Temeku Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Margarita Village - Temeku Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,460 |
| EXPENSES | Loan Payment | -$1,863 |
| Property Tax | -$530 | |
| Property Insurance | -$76 | |
| HOA | -$19 | |
| Property Management Fees | -$145 | |
|
CASH FLOW
-$174
|
||
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.
$505,000
PROJECTED PRICE
$2,460
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.95% |
| Appreciation Year (1-5) | 6.5% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.35% |
| 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
$139,575
LOAN DETAILS
$1,863
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $126,250 |
| Loan Amount | $378,750 |
4.08
YEARS SAVED
$22,574
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,460
LIST RENT -
$1.21
LIST RENT PER SQFT
-
$2,510
COMP ESTIMATED VALUE -
$1.24
COMP AVG. RENT PER SQFT
Comps Range
-
30909 Corte Arroyo Temecula, CA 4
- 4 beds 3 baths ∙ 2,028 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,028 Sqft ∙ Built 1988
- Rent
- Rent Per SQFT
- $2,460
- $1.21
-
41874 Vardon Drive Temecula, CA 1
- 3 beds 2 baths ∙ 1,760 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,760 Sqft ∙ Built 1999
LEASED 06/26/19- Rent
- Rent Per SQFT
- $2,200
- $1.25
-
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 12/10/20- Rent
- Rent Per SQFT
- $2,300
- $1.24
-
31495 Corte Rimola Temecula, CA 3
- 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
-
31122 Dog Leg Circle Temecula, CA 5
- 3 beds 2 baths ∙ 2,032 Sqft ∙ Built 1998 3 beds 2 baths ∙ 2,032 Sqft ∙ Built 1998
LEASED 10/06/20- Rent
- Rent Per SQFT
- $2,550
- $1.25
PROPERTY LISTING DETAILS
Excellence Re Real Estate
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: MB20256124
Last Updated: 12/11/2020
