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31843 Via Campanario Temecula, CA 92592

4 Beds 3 Baths 2,358 sqft Built 1998

$551,900

List Price

$2,470

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $234.05
  • 3 Days on Market
  • MLS # : IG21046748
  • Updated Date : 03/05/2021 at 16:35
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,358 sqft
  • Baths : 3 full
Listing Agent

Active Realty

Listing Agent's Description

Gorgeous 4 bedroom, 3 bathroom, 2 story home on a large lot in the community of Paloma Del Sol in Temecula! Enjoy a charming front porch to the formal entry with vaulted ceilings and a grand staircase. The family room offers an inviting brick fireplace, laminate wood flooring, and is adjacent to the open kitchen. Kitchen features include the center island, oak wood cabinetry, and views to the outdoors. The upstairs primary bedroom offers a private balcony and access to the deck, carpet flooring, a ceiling fan, dual sinks in the primary bathroom, a soaking tub, and walk-in shower. Downstairs, sliding doors lead to the covered outdoor patio and landscaped back yard. Additional property highlights include the 3 car garage, full size laundry room, and low HOA. Community amenities include the swimming pool, spa, and playground. Convenient to area schools, markets, and easy access to major freeways!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Paloma del Sol

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $149k614k

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

Neighborhood: Paloma del Sol

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
Paloma Elementary School Primary Regular 604 23 8
Temecula Middle School Middle Regular 1,173 43 7
Temecula Valley High School High Regular 2,722 103 9

Paloma Elementary School

  • Education Level: Primary
  • # of students: 604
  • # of teachers: 23
8
GreatSchools Rating

Temecula Middle School

  • Education Level: Middle
  • # of students: 1,173
  • # of teachers: 43
7
GreatSchools Rating

Temecula Valley High School

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

$496,710$607,090$551,900

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 -$1,917
Property Tax -$579
Property Insurance -$84
HOA -$101
Property Management Fees -$146
CASH FLOW
-$357

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.

$551,900

PROJECTED PRICE

$2,470

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 7.0%
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

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$152,004

INVESTMENT

$152,004

Down Payment
$137,975
Rehab Estimate
$5,750
Closing Costs
$8,279

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,917

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $137,975
Loan Amount $413,925
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$8,415

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
  • $1.05

    LIST RENT PER SQFT
  • $2,611

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,4503$2,4704$2,6005$2,900
$2,900
RENT COMPS ANALYSIS
  • 31843 Via Campanario Temecula, CA 3
    • 4 beds 3 baths ∙ 2,358 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,358 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $2,470
    • $1.05
    •  
  • 43246 Corte Argento Temecula, CA 1
    • 4 beds 3 baths ∙ 2,201 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,201 Sqft ∙ Built 1995
    LEASED 02/19/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.09
    •  
  • 32176 Via Arias Temecula, CA 2
    • 5 beds 3 baths ∙ 2,301 Sqft ∙ Built 1999 5 beds 3 baths ∙ 2,301 Sqft ∙ Built 1999
    LEASED 08/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.06
    •  
  • 32235 Corte Illora Temecula, CA 4
    • 5 beds 3 baths ∙ 2,301 Sqft ∙ Built 1998 5 beds 3 baths ∙ 2,301 Sqft ∙ Built 1998
    LEASED 01/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.13
    •  
  • 42129 Delmonte Street Temecula, CA 5
    • 4 beds 3 baths ∙ 2,526 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,526 Sqft ∙ Built 2002
    LEASED 03/02/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.15
    •  
PROPERTY LISTING DETAILS
Justin Tye
Active Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IG21046748
Last Updated: 03/05/2021
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