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35455 Meadow Park Circle Wildomar, CA 92595

4 Beds 3 Baths 2,288 sqft Built 2002

$509,999

List Price

$2,340

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $222.90
  • 5 Days on Market
  • MLS # : IG21028422
  • Updated Date : 02/11/2021 at 10:11
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,288 sqft
  • Baths : 3 full
Listing Agent

Coldwell Banker Residential

Listing Agent's Description

Wonderful Views! Absolutely Stunning Single Story Home. Large 4 Bedrooms 3 full baths and Large Spacious 3 Car Garage. This Gorgeous Home Is Turn Key, and Pride Of Homeownership. Every Detail Has Been thought Of From The Moment You Drive Up You will Notice No Neighbors To The Front and Back, It Is On A Cul-De-Sac. No One Can Built Because It Is Protected Land. Tile Flooring, Wood Flooring to New Engineered Wood Flooring in Every Bedroom, 6" Baseboards, Whole House Surround Sound System, Crown Molding in Master Bedroom, Professionally Modern Custom Painted. When You First Enter You Will See Individual Formal Dinning Room, Living room, Then The Center Point Open And Airy Kitchen Completely Upgraded From The Tuning Granite Kitchen Counter Tops, To The Back Splash, and Upgraded SamSung Appliances Are All Included, Great Size Pantry, Beautiful Cabinets with New Hardware, Kitchen Breakfast Nook Open To The Family Room With Center Fireplace For Your Cozy Evenings. All Bathrooms Are Beautifully Upgraded with Quartz Counters Tops, New Sinks and Lighting. Surround Sound System In Master Bedroom Walk In Closet. Backyard Is Private With Unobstructed Views Large Back Yard, Totally Clean Cut Large 3 Car Garage! Such A Beautiful house It Is A Must See One Of A Kind! Big Plus Only 1.01% Tax Low HOA $51.00 Per Month. Special Assessments Only $135.42 Per Year. Great Location!

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
Ronald Reagan Elementary School Primary Regular 709 30 4
David A. Brown Middle School Middle Regular 1,010 41 4
Elsinore High School High Regular 2,125 90 5

Ronald Reagan Elementary School

  • Education Level: Primary
  • # of students: 709
  • # of teachers: 30
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
 

$458,999$560,999$509,999

PURCHASE PRICE

$2,106$2,574$2,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,340
EXPENSES Loan Payment -$1,771
Property Tax -$612
Property Insurance -$83
HOA -$68
Property Management Fees -$138
CASH FLOW
-$332

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.

$509,999

PROJECTED PRICE

$2,340

PROJECTED RENT

0.46%

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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$140,900

INVESTMENT

$140,900

Down Payment
$127,500
Rehab Estimate
$5,750
Closing Costs
$7,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,771

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $127,500
Loan Amount $382,499
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$7,196

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,340

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $2,339

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$2,150
1$2,1502$2,1503$2,3404$2,4005$2,650
$2,650
RENT COMPS ANALYSIS
  • 35455 Meadow Park Circle Wildomar, CA 3
    • 4 beds 3 baths ∙ 2,288 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,288 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $2,340
    • $1.02
    •  
  • 23617 Spindle Way Murrieta, CA 1
    • 4 beds 3 baths ∙ 2,052 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,052 Sqft ∙ Built 1989
    LEASED 08/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.05
    •  
  • 24846 Kentman Court Wildomar, CA 2
    • 4 beds 3 baths ∙ 2,239 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,239 Sqft ∙ Built 2004
    LEASED 11/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.96
    •  
  • 35505 Country Park Drive Lake Elsinore, CA 4
    • 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
    •  
  • 23594 Millstone Place Murrieta, CA 5
    • 4 beds 3 baths ∙ 2,567 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,567 Sqft ∙ Built 1992
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.03
    •  
PROPERTY LISTING DETAILS
Christina Powers
Coldwell Banker Residential
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IG21028422
Last Updated: 02/11/2021
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