Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

40113 Adian Court Temecula, CA 92591

4 Beds 3 Baths 2,198 sqft Built 1990

$483,500

List Price

$2,320

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
February 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $219.97
  • 7 Days on Market
  • MLS # : SW21026771
  • Updated Date : 02/08/2021 at 21:31
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,198 sqft
  • Baths : 3 full
Listing Agent

Homesmart

Listing Agent's Description

Located in the heart of Temecula, this 4 bedroom / 3 bathroom home has plenty of charm, a large yard and NO HOA!! The 2,198 square foot home has a convient floor plan where you can entertain with ease from the inside to out. The kitchen has plenty of space and is open to the family room. This Cul-de-Sac home is close to schools, freeway access, shopping and all that Temecula has to offer.

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: Roripaugh Hills

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $148k614k

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

Neighborhood: Roripaugh Hills

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
Nicolas Valley Elementary School Primary Regular 753 29 6
James L. Day Middle School Middle Regular 994 38 8
Chaparral High School High Regular 3,237 120 9

Nicolas Valley Elementary School

  • Education Level: Primary
  • # of students: 753
  • # of teachers: 29
6
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
 

$435,150$531,850$483,500

PURCHASE PRICE

$2,088$2,552$2,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,320
EXPENSES Loan Payment -$1,679
Property Tax -$537
Property Insurance -$80
Property Management Fees -$137
CASH FLOW
-$114

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.

$483,500

PROJECTED PRICE

$2,320

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 6.2%
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$133,878

INVESTMENT

$133,878

Down Payment
$120,875
Rehab Estimate
$5,750
Closing Costs
$7,253

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,679

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $120,875
Loan Amount $362,625
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$20,419

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,320

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $2,368

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,2503$2,3004$2,3205$2,350
$2,350
RENT COMPS ANALYSIS
  • 40113 Adian Court Temecula, CA 4
    • 4 beds 3 baths ∙ 2,198 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,198 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $2,320
    • $1.06
    •  
  • 30112 Milano Road Temecula, CA 1
    • 4 beds 3 baths ∙ 2,198 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,198 Sqft ∙ Built 1990
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.96
    •  
  • 27579 Sierra Madre Drive Murrieta, CA 2
    • 4 beds 3 baths ∙ 2,015 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,015 Sqft ∙ Built 2001
    LEASED 11/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.12
    •  
  • 40218 Holden Circle Temecula, CA 3
    • 4 beds 3 baths ∙ 2,000 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,000 Sqft ∙ Built 1988
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.15
    •  
  • 40184 Tanager Circle Temecula, CA 5
    • 4 beds 3 baths ∙ 2,178 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,178 Sqft ∙ Built 1990
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.08
    •  
PROPERTY LISTING DETAILS
Mark Perry
Homesmart
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW21026771
Last Updated: 02/08/2021
BESbswy