Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

32494 Meadow Glen Court Wildomar, CA 92595

4 Beds 3 Baths 2,567 sqft Built 2007

$599,900

List Price

$2,590

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $233.70
  • 11 Days on Market
  • MLS # : SW21023134
  • Updated Date : 02/10/2021 at 18:12
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,567 sqft
  • Baths : 2 full , 1 half
Listing Agent

Performance Estates & Homes

Listing Agent's Description

WELCOME TO THIS HIGHLY SOUGHT AFTER SINGLE STORY POOL HOME IN WILDOMAR (RIGHT OFF CLINTON KEITH) WITH A 3 CAR GARAGE ON A LARGE LOT THAT IS TURN KEY AND MOVE IN READY! THIS HOME IS LOCATED WITHIN A QUIET CUL DE SAC AND OFFERS 4 SPACIOUS BEDROOMS AND 2.5 BATHROOMS, LARGE GREAT ROOM, LARGE KITCHEN WITH GRANITE AND STAINLESS STEEL APPLIANCES AND DOUBLE OVEN. THIS HOME OFFERS 10 FT PLUS CEILINGS THROUGHOUT FOR THAT OPEN FEEL, LARGE MASTER ON ONE SIDE OF THE HOME AND THE OTHER 3 BEDROOMS ARE LOCATED ON THE OTHER. INTERIOR ALSO HAS A FORMAL LIVING ROOM AND DINING ROOM, CURRENTLY GAME ROOM WITH A POOL TABLE. THE OUTSIDE IS METICULOUSLY LANDSCAPED FRONT AND BACK. THE BACKYARD OFFERS A LARGE PATIO COVER, WATERFALL POOL FEATURE WITH JACUZZI ALL WITHIN A VERY PRIVATE BACKYARD. BRING YOUR PICKIEST BUYERS AS THIS HOME WILL NOT DISAPPOINT.

SEE MORE

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: Wildomar

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $143k529k

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

Neighborhood: Wildomar

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q21100120013001400150016001700180019002000210022002300Rent in $10782398

* 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
Donald Graham Elementary School Primary Regular 515 23 4
David A. Brown Middle School Middle Regular 1,010 41 4
Elsinore High School High Regular 2,125 90 5

Donald Graham Elementary School

  • Education Level: Primary
  • # of students: 515
  • # of teachers: 23
4
GreatSchools Rating

David A. Brown Middle School

  • Education Level: Middle
  • # of students: 1,010
  • # of teachers: 41
4
GreatSchools Rating

Elsinore High School

  • Education Level: High
  • # of students: 2,125
  • # of teachers: 90
5
GreatSchools Rating
 

$539,910$659,890$599,900

PURCHASE PRICE

$2,331$2,849$2,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,590
EXPENSES Loan Payment -$2,084
Property Tax -$532
Property Insurance -$89
HOA -$40
Property Management Fees -$153
CASH FLOW
-$308

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.

$599,900

PROJECTED PRICE

$2,590

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 7.5%
Maintenance Year (1-5) 8.00%
Vacancy 5.43%
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$1.8M

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$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$164,724

INVESTMENT

$164,724

Down Payment
$149,975
Rehab Estimate
$5,750
Closing Costs
$8,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,084

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $149,975
Loan Amount $449,925
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$14,640

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,590

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $2,593

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,3503$2,5004$2,5905$2,600
$2,600
RENT COMPS ANALYSIS
  • 32494 Meadow Glen Court Wildomar, CA 4
    • 4 beds 3 baths ∙ 2,567 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,567 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $2,590
    • $1.01
    •  
  • 23231 Joaquin Ridge Drive Murrieta, CA 1
    • 4 beds 3 baths ∙ 2,218 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,218 Sqft ∙ Built 1988
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.04
    •  
  • 35614 Wanki Avenue Wildomar, CA 2
    • 4 beds 3 baths ∙ 2,219 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,219 Sqft ∙ Built 1987
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.06
    •  
  • 22975 Timber Ridge Court Wildomar, CA 3
    • 3 beds 3 baths ∙ 2,639 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,639 Sqft ∙ Built 2004
    LEASED 04/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.95
    •  
  • 37227 Bunchberry Lane Murrieta, CA 5
    • 4 beds 3 baths ∙ 2,622 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,622 Sqft ∙ Built 1994
    LEASED 01/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.99
    •  
PROPERTY LISTING DETAILS
Jim Holbrook
Performance Estates & Homes
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW21023134
Last Updated: 02/10/2021
BESbswy