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
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2013
- Price/Sqft : $221.09
- 2 Days on Market
- MLS # : PW21035201
- Updated Date : 02/20/2021 at 15:20
CONSTRUCTION
- Beds : 4
- Floor Size : 2,257 sqft
- Baths : 2 full
Listing Agent
C & M Real Estate Services
Listing Agent's Description
Enjoy this beautiful home in the desirable Canyon Hills area. Great views of mountains with tons of upgrades. This 4 bedroom executive home boast of an open and bright layout which is highlighted by an upgraded kitchen with large Island. Opens to family dining and family room. Granite counter tops stainless steel appliances and pantry adds to the charm of this kitchen. This opens to private back yard with great views of hills and mountains and perfect for entertaining inside or out! Large downstairs bedroom or mother in law quarters if you wish, with garage entrance, laundry and bathroom all downstairs. Enjoy this Mater Bedroom with sitting area and walk in closet and awesome master bathroom. The views are even better from this room. Two other good size bedrooms upstairs with another full bathroom. Every room and door in back of house offers great views. This Canyon Hills HOA home offers Olympic size pool, sports park with mini water park, gas grills, fire pit, tennis courts and clubhouse. Other features, Water softener, Alumawood Patio cover in back yard, Synthetic grass in rear yard, Rod Iron fencing to enhance view. Barn style door in Master Bedroom, recessed lighting in Kitchen and Extra storage in upstairs landing area. Plantation shutters throughout home!
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: Foothill
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Foothill
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,540 |
| EXPENSES | Loan Payment | -$1,733 |
| Property Tax | -$470 | |
| Property Insurance | -$82 | |
| HOA | -$118 | |
| Property Management Fees | -$150 | |
|
CASH FLOW
-$12
|
||
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.
$499,000
PROJECTED PRICE
$2,540
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 6.8% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.43% |
| 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
$137,985
LOAN DETAILS
$1,733
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $124,750 |
| Loan Amount | $374,250 |
5.42
YEARS SAVED
$29,752
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,540
LIST RENT -
$1.13
LIST RENT PER SQFT
-
$2,680
COMP ESTIMATED VALUE -
$1.19
COMP AVG. RENT PER SQFT
Comps Range
-
34123 Dianthus Lane Lake Elsinore, CA 2
- 4 beds 2 baths ∙ 2,257 Sqft ∙ Built 2013 4 beds 2 baths ∙ 2,257 Sqft ∙ Built 2013
- Rent
- Rent Per SQFT
- $2,540
- $1.13
-
34076 Corktree Road Lake Elsinore, CA 1
- 3 beds 3 baths ∙ 2,133 Sqft ∙ Built 2009 3 beds 3 baths ∙ 2,133 Sqft ∙ Built 2009
LEASED 03/27/20- Rent
- Rent Per SQFT
- $2,400
- $1.13
-
36467 Geranium Drive Lake Elsinore, CA 3
- 4 beds 3 baths ∙ 2,249 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,249 Sqft ∙ Built 2015
LEASED 11/13/20- Rent
- Rent Per SQFT
- $2,600
- $1.16
-
35146 Fennel Lane Lake Elsinore, CA 4
- 4 beds 3 baths ∙ 2,257 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,257 Sqft ∙ Built 2013
LEASED 12/23/20- Rent
- Rent Per SQFT
- $2,750
- $1.22
-
34149 Dianthus Lane Lake Elsinore, CA 5
- 4 beds 3 baths ∙ 2,257 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,257 Sqft ∙ Built 2012
LEASED 12/30/20- Rent
- Rent Per SQFT
- $2,800
- $1.24
PROPERTY LISTING DETAILS
C & M Real Estate Services
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: PW21035201
Last Updated: 02/20/2021
