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PROPERTY INFO
FACTS
- Single Family
- Built In 1997
- Price/Sqft : $233.30
- 5 Days on Market
- MLS # : SW21012730
- Updated Date : 01/20/2021 at 17:42
CONSTRUCTION
- Beds : 6
- Floor Size : 3,000 sqft
- Baths : 3 full
Listing Agent
Drive Real Estate
Listing Agent's Description
WELCOME HOME TO THIS SPECTACULAR VAIL RANCH POOL HOME WITH RV PARKING AND PAID SOLAR. AS YOU PULL UP TO THIS GORGEOUS HOME YOU WILL BE GREETED BY STONE STEPS LEADING UP TO AN INVITING FRONT PATIO WHERE YOU CAN ENJOY A WARM EVENING FIRE AT THE FIRE PIT OVERLOOKING CITY LIGHTS AND MOUNTAIN VIEWS. THIS HOME HAS BEEN FULLY RENOVATED WITH HIGH END FINISHES THROUGHOUT. AS YOU ENTER THE FOYER YOU WILL BE LED INTO THE LARGE GREAT ROOM WITH BEAUTIFUL BUILT-INS ADORNING EACH SIDE OF THE FIREPLACE. THIS CHEFS KITCHEN AWAITS YOU WITH WOLF APPLIANCES, POT FILLER, FARMHOUSE SINK, LARGE CENTER ISLAND AND WALK IN PANTRY. YOU WILL FALL IN LOVE WITH THE QUARTZ COUNTERTOPS AND STUNNING TILE BACKSPLASH. ALSO ON THE MAIN LEVEL YOU WILL FIND AN OFFICE/BEDROOM AND A FULL BATH. AS YOU HEAD UP THE STAIRS WITH GORGEOUS WROUGHT IRON RAILINGS YOU WILL HEAD TO THE MASTER SUITE WITH ACCESS TO THE AMAZING DECK. THIS MASTER RETREAT HAS A GORGEOUS ENSUITE BATH WITH DUAL SINKS, HUGE SOAKING TUB AND MASSIVE WALK IN SHOWER WITH DUAL HEADS. THERE IS ALSO A MAKEUP/VANITY ROOM WITH SINK AND STORAGE LEADING INTO THE HUGE WALK IN CLOSET. THE REMAINING 5 BEDROOMS AND FULL BATH ARE UPSTAIRS. NOW FOR THE BACKYARD THAT WILL LEAVE YOU SPEECHLESS! THIS ENTERTAINERS PARADISE HAS THE BIGGEST COVERED PATIO YOU HAVE EVER SEEN AND AMAZING PEBBLE TECH POOL/SPA WITH SHALLOW SHELF FOR SUNBATHING OR LITTLE KIDS TO PLAY AND ENJOY AMAZING TIME WITH FAMILY AND FRIENDS. DON'T MISS OUT ON THIS AMAZING RARE FIND! TOP RATED SCHOOLS.
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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: Vail Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Vail Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,660 |
| EXPENSES | Loan Payment | -$2,431 |
| Property Tax | -$762 | |
| Property Insurance | -$100 | |
| Property Management Fees | -$157 | |
|
CASH FLOW
-$790
|
||
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.
$699,900
PROJECTED PRICE
$2,660
PROJECTED RENT
0.38%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$191,224
LOAN DETAILS
$2,431
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $174,975 |
| Loan Amount | $524,925 |
0.42
YEARS SAVED
$940
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,660
LIST RENT -
$0.89
LIST RENT PER SQFT
-
$2,685
COMP ESTIMATED VALUE -
$0.9
COMP AVG. RENT PER SQFT
Comps Range
-
32891 Cinon Drive Temecula, CA 2
- 6 beds 3 baths ∙ 3,000 Sqft ∙ Built 1997 6 beds 3 baths ∙ 3,000 Sqft ∙ Built 1997
- Rent
- Rent Per SQFT
- $2,660
- $0.89
-
32975 Levi Court Temecula, CA 1
- 5 beds 3 baths ∙ 3,086 Sqft ∙ Built 1998 5 beds 3 baths ∙ 3,086 Sqft ∙ Built 1998
LEASED 06/12/20- Rent
- Rent Per SQFT
- $2,500
- $0.81
-
44927 Dolce Street Temecula, CA 3
- 5 beds 3 baths ∙ 3,106 Sqft ∙ Built 2004 5 beds 3 baths ∙ 3,106 Sqft ∙ Built 2004
LEASED 03/16/20- Rent
- Rent Per SQFT
- $2,700
- $0.87
-
32024 Paseo Parallon Temecula, CA 4
- 5 beds 5 baths ∙ 3,248 Sqft ∙ Built 1991 5 beds 5 baths ∙ 3,248 Sqft ∙ Built 1991
LEASED 12/31/20- Rent
- Rent Per SQFT
- $2,950
- $0.91
-
32954 Poppy Street Temecula, CA 5
- 6 beds 4 baths ∙ 3,345 Sqft ∙ Built 2003 6 beds 4 baths ∙ 3,345 Sqft ∙ Built 2003
LEASED 01/11/21- Rent
- Rent Per SQFT
- $3,300
- $0.99
PROPERTY LISTING DETAILS
Drive Real Estate
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: SW21012730
Last Updated: 01/20/2021
