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PROPERTY INFO
FACTS
- Single Family
- Built In 1987
- Price/Sqft : $220.89
- 3 Days on Market
- MLS # : SW21035450
- Updated Date : 02/19/2021 at 17:38
CONSTRUCTION
- Beds : 5
- Floor Size : 2,250 sqft
- Baths : 3 full
Listing Agent
Century 21 Full Realty Svc.
Listing Agent's Description
BEAUTIFUL HOME!! IN THE HIGHLY DESIRED NEIGHBORHOOD WILDOMAR! LOW TAX AND NO HOA..MAKES THIS HOME THE PERFECT ONE.. COMPLETELY RENOVATED WITH NEW PAINT THROUGH OUT.. BEAUTIFUL WOOD PANELING IN MAIN LIVING ROOM! NEW LUXURY VINYL DOWNSTAIRS, NEW KITCHEN QUARTZ COUNTER TOPS... RENOVATED BATHROOMS WITH QUARTZ COUNTER TOPS.. ALL NEW LIGHT FIXTURES.. THIS ONE IS BEAUTIFUL! LOTS OF NATURAL LIGHT.
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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: Windsong Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Windsong Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,170 |
| EXPENSES | Loan Payment | -$1,726 |
| Property Tax | -$441 | |
| Property Insurance | -$82 | |
| Property Management Fees | -$128 | |
|
CASH FLOW
-$207
|
||
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.
$497,000
PROJECTED PRICE
$2,170
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 5.4% |
| 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
$137,455
LOAN DETAILS
$1,726
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $124,250 |
| Loan Amount | $372,750 |
3.5
YEARS SAVED
$15,196
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,170
LIST RENT -
$0.96
LIST RENT PER SQFT
-
$2,295
COMP ESTIMATED VALUE -
$1.02
COMP AVG. RENT PER SQFT
Comps Range
-
35152 Momat Avenue Wildomar, CA 2
- 5 beds 3 baths ∙ 2,250 Sqft ∙ Built 1987 5 beds 3 baths ∙ 2,250 Sqft ∙ Built 1987
- Rent
- Rent Per SQFT
- $2,170
- $0.96
-
35606 Aster Drive Wildomar, CA 1
- 4 beds 2 baths ∙ 2,117 Sqft ∙ Built 1990 4 beds 2 baths ∙ 2,117 Sqft ∙ Built 1990
LEASED 03/08/20- Rent
- Rent Per SQFT
- $2,100
- $0.99
-
35325 Billie Ann Road Wildomar, CA 3
- 5 beds 3 baths ∙ 2,250 Sqft ∙ Built 1990 5 beds 3 baths ∙ 2,250 Sqft ∙ Built 1990
LEASED 10/15/19- Rent
- Rent Per SQFT
- $2,195
- $0.98
-
35614 Wanki Avenue Wildomar, CA 4
- 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
-
35505 Country Park Drive Lake Elsinore, CA 5
- 4 beds 3 baths ∙ 2,288 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,288 Sqft ∙ Built 2002
LEASED 06/01/20- Rent
- Rent Per SQFT
- $2,400
- $1.05
PROPERTY LISTING DETAILS
Century 21 Full Realty Svc.
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: SW21035450
Last Updated: 02/19/2021
