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31958 Corte Cardoza 
Temecula, CA
92592
3 Beds 2 Baths 2,057 sqft
Built 2002
INVESTimate
$520,000
List Price
$143,550
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PROPERTY INFO
FACTS
- Built In 2002
- Price/Sqft : $252.80
- 3 Days on Market
- MLS # : SW20174174
- Updated Date : 08/25/2020 at 06:22
CONSTRUCTION
- Beds : 3
- Floor Size : 2,057 sqft
- Baths : 2 full
Listing Agent
Era Donahoe Realty
Listing Agent's Description
Stunning and Turnkey Single Story Home in the desirable community of Paseo Del Sol. Conveniently located on a cul-de-sac, this 3 Bedroom, 2 Bath Home plus Office (could be a 4th bedroom) is a must see. No details have been missed. Upgrades include new interior paint, brand new carpet, plantation shutters, brand new AC, Furnace and much more! Private Gated Courtyard. Upon entry you will walk into the formal family room that opens up to the den/office. The kitchen features stainless steel appliances, granite countertops and opens to the family room. The family room is warm and inviting with a fireplace and slider that opens to the backyard. There are 2 guest bathrooms and the Master Bedroom which features his and her sinks, separate shower and tub. The laundry room is located right next to the 2 car garage. The backyard has plenty of room for entertaining and features stunning views of Temecula Valley. Enjoy all the amenities of Paseo Del Sol including 2 Pools, Clubhouse, Spas, Playgrounds, Tennis Courts, walking trails and much more. Zoned for Award Winning Schools...Abby Reinke, Temecula Middle School and Temecula Valley High School. Low Taxes and Low HOA.
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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: Paloma del Sol
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Paloma del Sol
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,310 |
| EXPENSES | Loan Payment | -$1,919 |
| Property Tax | -$546 | |
| Property Insurance | -$77 | |
| HOA | -$102 | |
| Property Management Fees | -$136 | |
|
CASH FLOW
-$470
|
||
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.
$520,000
PROJECTED PRICE
$2,310
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.95% |
| Appreciation Year (1-5) | 7.01% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.35% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$143,550
LOAN DETAILS
$1,919
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $130,000 |
| Loan Amount | $390,000 |
1.42
YEARS SAVED
$4,670
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
-
$2,432
COMP ESTIMATED VALUE -
$1.18
COMP AVG. RENT PER SQFT
Comps Range
-
31958 Corte Cardoza Temecula, 3
- 3 beds 2 baths ∙ 2,057 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,057 Sqft ∙ Built 2002
- Rent
- Rent Per SQFT
- $2,310
- $1.12
-
31957 Calle Galarza Temecula, 1
- 3 beds 2 baths ∙ 2,057 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,057 Sqft ∙ Built 2003
LEASED 11/05/19- Rent
- Rent Per SQFT
- $2,200
- $1.07
-
32540 Galatina Street Temecula, 2
- 4 beds 3 baths ∙ 1,860 Sqft ∙ Built 1999 4 beds 3 baths ∙ 1,860 Sqft ∙ Built 1999
LEASED 04/10/20- Rent
- Rent Per SQFT
- $2,200
- $1.18
-
31495 Corte Rimola Temecula, 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
-
31853 Via Tafalla Temecula, 5
- 4 beds 3 baths ∙ 1,967 Sqft ∙ Built 1996 4 beds 3 baths ∙ 1,967 Sqft ∙ Built 1996
LEASED 09/29/19- Rent
- Rent Per SQFT
- $2,500
- $1.27
PROPERTY LISTING DETAILS
Era Donahoe Realty
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: SW20174174
Last Updated: 08/25/2020
