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40081 Kenilworth Way Temecula, CA 92591

3 Beds 3 Baths 1,921 sqft Built 2005

$525,000

List Price

$2,400

$2.2K - $2.6K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $273.30
  • 3 Days on Market
  • MLS # : SW21025134
  • Updated Date : 02/06/2021 at 16:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,921 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exceptional Realty

Listing Agent's Description

A Truly one-of-a-kind Harveston Home!!! From a Front Porch Lake View and Private Gate that leads into your Professionally done Patio that features Custom Flooring, 2 Fire Pits, a Dry Bar and T.V for Entertainment or just some much needed Relaxation!!!!! This home features a beautiful open floor plan with a Den, Office or Playroom on 1st Floor and a 3rd Floor Loft that could be used as 4th Bedroom, Guest room, or Gameroom!!!! This Harveston gem also has a 2-Car Garage and its Own DRIVEWAY!!!!! Enjoy all the amenities that living in Harveston has to offer including a Lake , Shops, Parks, Splash Park , Pool, Spa ,Clubhouse, Sports Park, Biking Trails, Walking Trails, Picnic Areas, Award Winning Schools - all within the Community!!!! You're also just minutes from the Mall, Old Town, Wineries, and Freeway. You WILL fall in Love!!!!

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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
 

$472,500$577,500$525,000

PURCHASE PRICE

$2,160$2,640$2,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,400
EXPENSES Loan Payment -$1,824
Property Tax -$536
Property Insurance -$74
HOA -$96
Property Management Fees -$142
CASH FLOW
-$271

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.

$525,000

PROJECTED PRICE

$2,400

PROJECTED RENT

0.46%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$144,875

INVESTMENT

$144,875

Down Payment
$131,250
Rehab Estimate
$5,750
Closing Costs
$7,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,824

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $131,250
Loan Amount $393,750
See What Happens When You Reinvest Cash Flow

2.75

YEARS SAVED

$11,698

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,400

    LIST RENT
  • $1.25

    LIST RENT PER SQFT
  • $2,401

    COMP ESTIMATED VALUE
  • $1.25

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,4003$2,4004$2,4505$2,495
$2,495
RENT COMPS ANALYSIS
  • 40081 Kenilworth Way Temecula, CA 3
    • 3 beds 3 baths ∙ 1,921 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,921 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.25
    •  
  • 40341 Logan Court Temecula, CA 1
    • 3 beds 3 baths ∙ 1,774 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,774 Sqft ∙ Built 2004
    LEASED 09/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.30
    •  
  • 40182 Canton Court Temecula, CA 2
    • 3 beds 3 baths ∙ 2,037 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,037 Sqft ∙ Built 2007
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.18
    •  
  • 40200 Bellevue Drive Temecula, CA 4
    • 3 beds 3 baths ∙ 1,913 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,913 Sqft ∙ Built 2005
    LEASED 12/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.28
    •  
  • 27457 Lovettsville Lane Temecula, CA 5
    • 3 beds 3 baths ∙ 2,010 Sqft ∙ Built 2012 3 beds 3 baths ∙ 2,010 Sqft ∙ Built 2012
    LEASED 12/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.24
    •  
PROPERTY LISTING DETAILS
Rami Tartir
Exceptional Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW21025134
Last Updated: 02/06/2021
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