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PROPERTY INFO
FACTS
- Single Family
- Built In 1997
- Price/Sqft : $252.36
- 3 Days on Market
- MLS # : SW20257122
- Updated Date : 12/19/2020 at 18:57
CONSTRUCTION
- Beds : 4
- Floor Size : 2,754 sqft
- Baths : 3 full
Listing Agent
The Community Group Inc
Listing Agent's Description
***SPECTACULAR VAIL RANCH POOL HOME NESTLED IN THE QUIET HILLS OF TEMECULA MINUTES FROM REDHAWK GOLF CLUB AND WINE COUNTRY!!***RARE FULLY REMODELED ENTERTAINER'S PARADISE WITH SUPER LOW TAXES AND NO HOA!!***AWARD WINNING TOP-RATED SCHOOLS AND PARK RIGHT ACROSS THE STREET!! Enjoy Your Own Personal Resort with a Pebble Tech Salt Water Pool/Spa, Extensive Sunbathing Deck, Big Alumawood Covered Patio, Grass Play Area, Dog Run/Shed and Terraced Hillside Boasting Tranquil Sitting Areas with Views! Enter into the Formal Living/Dining Rooms with Sweeping 2-Story Ceilings then enjoy the Spacious Open-Concept Family Room w/Large Custom Gas Fireplace and an Adjacent Downstairs Office/Bedroom (3/4 Bath Nearby). The HUGE Gourmet Kitchen is SIMPLY AMAZING with Endless Cabinetry (23 Cabinets/10 Drawers), THE BIGGEST EXPANDED WALK-IN PANTRY KNOWN TO MANKIND WITH 3 WALLS OF CABINETS (20 Cabinets/6 Drawers) and a Long Butler's Counter/Sink, Granite Counters and a 9' Connected Island w/6 Glass Doors and Pendant Lighting! Storage Abounds with a 2nd Walk-In Pantry, Under-Stairs Closet, Upstairs Hall Closet and Built-In Linen Cabinet! Also Upstairs Find an Oversized Laundry Room (21 Cabinets/6 Drawers, Long Counter), the Master with Cathedral Ceilings and Remodeled Master Bath with 9' Walk-In Travertine Shower w/2 Shower Heads, Dual Sinks, Privacy Toilet Room and a MASSIVE His/Hers Closet! Other Notables Include: Hardwood Plank Flooring, Plantation Shutters, Newer Dual Pane Windows AND MUCH MORE!!
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MARKET HIGHLIGHTS
- 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)
- 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)
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 | $2,740 |
| EXPENSES | Loan Payment | -$2,564 |
| Property Tax | -$756 | |
| Property Insurance | -$94 | |
| Property Management Fees | -$162 | |
|
CASH FLOW
-$836
|
||
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.
$695,000
PROJECTED PRICE
$2,740
PROJECTED RENT
0.39%
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
$189,925
LOAN DETAILS
$2,564
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $173,750 |
| Loan Amount | $521,250 |
0.42
YEARS SAVED
$1,167
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,740
LIST RENT -
$0.99
LIST RENT PER SQFT
-
$2,720
COMP ESTIMATED VALUE -
$0.99
COMP AVG. RENT PER SQFT
Comps Range
-
33068 Regina Drive Temecula, CA 3
- 4 beds 3 baths ∙ 2,754 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,754 Sqft ∙ Built 1997
- Rent
- Rent Per SQFT
- $2,740
- $0.99
-
44729 Longfellow Avenue Temecula, CA 1
- 4 beds 3 baths ∙ 2,648 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,648 Sqft ∙ Built 2000
LEASED 01/10/20- Rent
- Rent Per SQFT
- $2,550
- $0.96
-
45309 Quail Crest Drive Temecula, CA 2
- 3 beds 3 baths ∙ 2,762 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,762 Sqft ∙ Built 2000
LEASED 04/10/20- Rent
- Rent Per SQFT
- $2,600
- $0.94
-
44794 Mumm Street Temecula, CA 4
- 4 beds 3 baths ∙ 2,726 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,726 Sqft ∙ Built 2004
LEASED 07/01/20- Rent
- Rent Per SQFT
- $2,800
- $1.03
-
33801 Star Hill Street Temecula, CA 5
- 4 beds 3 baths ∙ 2,786 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,786 Sqft ∙ Built 2004
LEASED 09/24/20- Rent
- Rent Per SQFT
- $2,850
- $1.02
PROPERTY LISTING DETAILS
The Community Group Inc
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: SW20257122
Last Updated: 12/19/2020
