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31795 Via Campanario Temecula, CA 92592

4 Beds 3 Baths 2,205 sqft Built 1994

$575,000

List Price

$2,470

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1994
  • Price/Sqft : $260.77
  • 3 Days on Market
  • MLS # : SW20233477
  • Updated Date : 11/06/2020 at 13:21
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,205 sqft
  • Baths : 3 full
Listing Agent

Era Donahoe Realty

Listing Agent's Description

This is your chance to own a home in one of the best developments in Temecula- Paloma Del Sol! This home was purchased in 1994 and loved and taken care of by these original owners. The formal living and dining room with vaulted ceilings and plenty of natural light are the ideal places to welcome and entertain your guests. Enjoy a cup of cocoa and relax in the family room by the fireplace and catch up with your loved ones after a long day. For all the cooks in the family, you will love preparing meals in the stunning kitchen. The custom granite and European White cabinets complement the work space perfectly. Your guests can sit at the oversized island and enjoy a beverage and appetizers as you prepare the meal. The main floor bedroom is the perfect guest suite or office. The beautiful winding staircase lead you the Master Suite, where you can retreat after a long day. The Jack and Jill Bathroom joins the two secondary bedrooms, making it easy for your family to get ready for the day. On a Saturday Morning, take your coffee out to the yard and listen to the birds in the mature trees. BBQ a meal later in the day and enjoy the meal on the patio or a seating area next to the garden. Have you always wanted a pool? There is plenty of room in the yard to build your custom pool. Until it is complete, take a dip in one of the FIVE community pools. The master planned community is a great place to live and play. Walking distance to Elementary, middle and High schools.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Arbor Glen

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $149k620k

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

Neighborhood: Arbor Glen

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
Red Hawk Elementary School Primary Regular 524 21 9
Erle Stanley Gardner Middle School Middle Regular 1,076 41 9
Great Oak High School High Regular 3,621 130 10

Red Hawk Elementary School

  • Education Level: Primary
  • # of students: 524
  • # of teachers: 21
9
GreatSchools Rating

Erle Stanley Gardner Middle School

  • Education Level: Middle
  • # of students: 1,076
  • # of teachers: 41
9
GreatSchools Rating

Great Oak High School

  • Education Level: High
  • # of students: 3,621
  • # of teachers: 130
10
GreatSchools Rating
 

$517,500$632,500$575,000

PURCHASE PRICE

$2,223$2,717$2,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,470
EXPENSES Loan Payment -$2,122
Property Tax -$623
Property Insurance -$81
HOA -$101
Property Management Fees -$146
CASH FLOW
-$601

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.

$575,000

PROJECTED PRICE

$2,470

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 6.1%
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$158,125

INVESTMENT

$158,125

Down Payment
$143,750
Rehab Estimate
$5,750
Closing Costs
$8,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,122

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $143,750
Loan Amount $431,250
See What Happens When You Reinvest Cash Flow

0.83

YEARS SAVED

$2,431

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,470

    LIST RENT
  • $1.12

    LIST RENT PER SQFT
  • $2,442

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$2,350
1$2,3502$2,3853$2,4004$2,4705$2,500
$2,500
RENT COMPS ANALYSIS
  • 31795 Via Campanario Temecula, CA 4
    • 4 beds 3 baths ∙ 2,205 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,205 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $2,470
    • $1.12
    •  
  • 45053 Corte Zorita Temecula, CA 1
    • 4 beds 3 baths ∙ 2,118 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,118 Sqft ∙ Built 1993
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.11
    •  
  • 31769 Via San Carlos Temecula, CA 2
    • 4 beds 3 baths ∙ 2,255 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,255 Sqft ∙ Built 1997
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,385
    • $1.06
    •  
  • 44679 Springvail Court Temecula, CA 3
    • 3 beds 3 baths ∙ 2,180 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,180 Sqft ∙ Built 2001
    LEASED 09/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.10
    •  
  • 44990 Camino Veste Temecula, CA 5
    • 3 beds 3 baths ∙ 2,147 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,147 Sqft ∙ Built 1995
    LEASED 05/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.16
    •  
PROPERTY LISTING DETAILS
Caroll Olivares
Era Donahoe Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW20233477
Last Updated: 11/06/2020
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