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30909 Corte Arroyo Temecula, CA 92592

5 Beds 3 Baths 2,028 sqft Built 1988

$505,000

List Price

$2,460

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
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.

SEE MORE

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

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $149k614k

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

Neighborhood: Margarita Village - Temeku Hills

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
Vintage Hills Elementary School Primary Regular 745 29 8
Margarita Middle School Middle Regular 862 33 7
Temecula Valley High School High Regular 2,722 103 9

Vintage Hills Elementary School

  • Education Level: Primary
  • # of students: 745
  • # of teachers: 29
8
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
 

$454,500$555,500$505,000

PURCHASE PRICE

$2,214$2,706$2,460

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
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$139,575

INVESTMENT

$139,575

Down Payment
$126,250
Rehab Estimate
$5,750
Closing Costs
$7,575

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,863

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $126,250
Loan Amount $378,750
See What Happens When You Reinvest Cash Flow

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
$2,200
1$2,2002$2,3003$2,3504$2,4605$2,550
$2,550
RENT COMPS ANALYSIS
  • 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
Ernesto Colocho
Excellence Re Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: MB20256124
Last Updated: 12/11/2020
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