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40016 New Haven Road Temecula, CA 92591

4 Beds 3 Baths 2,964 sqft Built 2003

$680,000

List Price

$2,840

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $229.42
  • 5 Days on Market
  • MLS # : WS21023063
  • Updated Date : 02/04/2021 at 12:32
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,964 sqft
  • Baths : 3 full
Listing Agent

Remax My Home

Listing Agent's Description

More pictures and virtual tour coming soon. Beautiful one story courtyard home with POOL in the popular community of Harveston. This home has eloquent stone details with a beautiful iron gate at the entrance that leads to a quiet and private courtyard. This corner lot is steps across from Harveston Lake Park. It offers a large side yard with a perfect sized pool with spa in the backyard. This single level floor plan is bright and open with beautiful 4 bedrooms and 3 baths. A must see, words cannot describe its beauty! Harveston community includes a beautiful large lake with walking/running trails, lake fishing, community activities, playgrounds, ball fields, a children's splash pool, Junior Olympic pool, spa and much more. This community is conveniently located within minutes from the Temecula Promenade Mall and all the action on Ynez and Winchester Rd. This home will not last!

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: Harveston

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $149k614k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Harveston

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q211001200130014001500160017001800190020002100220023002400Rent in $10822496

* 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
Ysabel Barnett Elementary School Primary Regular 941 35 8
James L. Day Middle School Middle Regular 994 38 8
Chaparral High School High Regular 3,237 120 9

Ysabel Barnett Elementary School

  • Education Level: Primary
  • # of students: 941
  • # of teachers: 35
8
GreatSchools Rating

James L. Day Middle School

  • Education Level: Middle
  • # of students: 994
  • # of teachers: 38
8
GreatSchools Rating

Chaparral High School

  • Education Level: High
  • # of students: 3,237
  • # of teachers: 120
9
GreatSchools Rating
 

$612,000$748,000$680,000

PURCHASE PRICE

$2,556$3,124$2,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,840
EXPENSES Loan Payment -$2,362
Property Tax -$695
Property Insurance -$99
HOA -$95
Property Management Fees -$168
CASH FLOW
-$578

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.

$680,000

PROJECTED PRICE

$2,840

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 4.8%
Maintenance Year (1-5) 8.00%
Vacancy 5.35%
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$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$185,950

INVESTMENT

$185,950

Down Payment
$170,000
Rehab Estimate
$5,750
Closing Costs
$10,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,362

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $170,000
Loan Amount $510,000
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$5,124

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,840

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $2,579

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$2,450
1$2,4502$2,5003$2,7004$2,8405$2,895
$2,895
RENT COMPS ANALYSIS
  • 40016 New Haven Road Temecula, CA 4
    • 4 beds 3 baths ∙ 2,964 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,964 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,840
    • $0.96
    •  
  • 40374 Corrigan Place Temecula, CA 1
    • 4 beds 3 baths ∙ 2,774 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,774 Sqft ∙ Built 2008
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.88
    •  
  • 26737 Peachwood Drive Murrieta, CA 2
    • 5 beds 3 baths ∙ 3,067 Sqft ∙ Built 2001 5 beds 3 baths ∙ 3,067 Sqft ∙ Built 2001
    property image
    LEASED 02/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.82
    •  
  • 28886 Kennebunk Court Temecula, CA 3
    • 5 beds 4 baths ∙ 3,150 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,150 Sqft ∙ Built 2005
    property image
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.86
    •  
  • 28983 Cumberland Road Temecula, CA 5
    • 5 beds 4 baths ∙ 3,148 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,148 Sqft ∙ Built 2005
    property image
    LEASED 12/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $0.92
    •  
PROPERTY LISTING DETAILS
Joleen Tu
Remax My Home
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: WS21023063
Last Updated: 02/04/2021
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