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35543 Verde Vista Way Wildomar, CA 92595

4 Beds 3 Baths 2,728 sqft Built 2006

$510,000

List Price

$2,450

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $186.95
  • 14 Days on Market
  • MLS # : SW20231549
  • Updated Date : 11/13/2020 at 17:11
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,728 sqft
  • Baths : 3 full
Listing Agent

Mcdermott Realty Group

Listing Agent's Description

Welcome to this beautiful 2728 sq.ft SINGLE STORY 4 bedroom/3 full bath with upgraded granite kitchen counters with an open concept. This stunning single-story home is boasting with amenities and homeowners' pride in addiition to being in a cul-de-sac! Just from outside, you instantly notice the impeccable newly painted 3 car garage with an inviting walkway which leads you right up to this wonderful home. Once inside, you will be presented with gorgeous travertine-like tile and be lead right into an open and spaceous living space. The upgraded kitchen has granite countertops, stainless steel appliances, and plentiful newer cabinetry with pull out drawers. A beautiful formal dining room sits just off the kitchen. Cozy up in the family room next to the fireplace and walk out to your backyard featuring artifical grass and a covered Alumawood patio. This home features 4 bedrooms (5th bedroom merged to make a master suite) and 3 full bathrooms. The master suite features an abounding room to create the perfect in-home retreat, with a large master bathroom featuring a large vanity with double sinks, and a separate shower and large soaking tub. The other 3 bedrooms of this home, are spacious and offer all the space for the whole family. Various windows throughout the homehave custom shutters and blinds! Some windows also feature a custom frosted and beveled design for privacy. Individual laundry room with plenty of cabinets.

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
 

$459,000$561,000$510,000

PURCHASE PRICE

$2,205$2,695$2,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,450
EXPENSES Loan Payment -$1,882
Property Tax -$460
Property Insurance -$93
HOA -$84
Property Management Fees -$145
CASH FLOW
-$213

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.

$510,000

PROJECTED PRICE

$2,450

PROJECTED RENT

0.48%

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$15k

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 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,882

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $127,500
Loan Amount $382,500
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$19,459

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,450

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $2,571

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2953$2,4504$2,6505$2,750
$2,750
RENT COMPS ANALYSIS
  • 35543 Verde Vista Way Wildomar, CA 3
    • 4 beds 3 baths ∙ 2,728 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,728 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.90
    •  
  • 24572 Teakwood Court Wildomar, CA 1
    • 3 beds 3 baths ∙ 2,500 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,500 Sqft ∙ Built 2017
    LEASED 01/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.88
    •  
  • 24027 Morning Dove Lane Murrieta, CA 2
    • 5 beds 3 baths ∙ 2,517 Sqft ∙ Built 1996 5 beds 3 baths ∙ 2,517 Sqft ∙ Built 1996
    LEASED 03/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.91
    •  
  • 23594 Millstone Place Murrieta, CA 4
    • 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
    •  
  • 40886 Bouvier Court Murrieta, CA 5
    • 4 beds 3 baths ∙ 2,897 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,897 Sqft ∙ Built 2002
    LEASED 08/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.95
    •  
PROPERTY LISTING DETAILS
Anahid Boyajian
Mcdermott Realty Group
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW20231549
Last Updated: 11/13/2020
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