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
40210 Everett Way 
Temecula, CA
92591
4 Beds 3 Baths 2,144 sqft
Built 2006
INVESTimate
$498,000
List Price
$137,720
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Built In 2006
- Price/Sqft : $232.28
- 13 Days on Market
- MLS # : SW20165580
- Updated Date : 08/14/2020 at 12:31
CONSTRUCTION
- Beds : 4
- Floor Size : 2,144 sqft
- Baths : 2 full , 1 half
Listing Agent
Century 21 Full Realty Svc.
Listing Agent's Description
Beautiful upgraded private corner lot home located in the desirable Community of Harveston...Directly across from the Clubhouse, community pool/spa, walking/jogging trails and just steps to the lake. This cottage home has one of the largest lots in the neighborhood. Gorgeous hand distressed hardwood flooring throughout and amazing custom woodwork. Large hand carved corbels adorn the floor to ceiling fireplace, built in entertainment center. The open concept kitchen features top quality stainless steel appliances, granite counters, a huge breakfast bar. Other features include custom paint finishes, deep pile Berber carpet and crown molding throughout. There is a large private Master Suite and master bathroom has large soaking tub and separate shower with dual sinks, plus 3 large secondary bedrooms and a huge bonus room. Indoor laundry room conveniently located upstairs, 2.5 baths, 2-car attached garage w/ direct access and plenty of overhead storage. Charming maintenance free yard features synthetic lawn and a large paved patio. Enjoy all of Harveston's amenities, Fishing Lake & Park, Pedal Boat Rentals, Walking Trails, Pavilions, Picnic Areas, Clubhouse w/Jr Olympic size Pool, Spa, Splash Park, Sports Park, Temecula's Award Winning Wine Country! HOA pays for front landscape up to the front porch. Tax rate 1.1 and special assessments of $1,362.44 per year. Buyer to pay the one time Harveston Community Enhancement Fee which is .25 of 1% of the purchase price through escrow.
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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Harveston
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,410 |
| EXPENSES | Loan Payment | -$1,837 |
| Property Tax | -$585 | |
| Property Insurance | -$79 | |
| HOA | -$179 | |
| Property Management Fees | -$142 | |
|
CASH FLOW
-$412
|
||
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.
$498,000
PROJECTED PRICE
$2,410
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.95% |
| Appreciation Year (1-5) | 4.76% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.35% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$137,720
LOAN DETAILS
$1,837
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $124,500 |
| Loan Amount | $373,500 |
1.5
YEARS SAVED
$5,221
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,410
LIST RENT -
$1.12
LIST RENT PER SQFT
-
$2,407
COMP ESTIMATED VALUE -
$1.12
COMP AVG. RENT PER SQFT
Comps Range
-
40210 Everett Way Temecula, 2
- 4 beds 3 baths ∙ 2,144 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,144 Sqft ∙ Built 2006
![property image]()
- Rent
- Rent Per SQFT
- $2,410
- $1.12
-
40164 Albany Court Temecula, 1
- 4 beds 3 baths ∙ 2,101 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,101 Sqft ∙ Built 2005
![property image]()
LEASED 10/29/19- Rent
- Rent Per SQFT
- $2,300
- $1.09
-
40253 Balboa Drive Temecula, 3
- 4 beds 2 baths ∙ 2,259 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,259 Sqft ∙ Built 2005
![property image]()
LEASED 07/01/20- Rent
- Rent Per SQFT
- $2,490
- $1.10
-
29006 Newport Temecula, 4
- 4 beds 3 baths ∙ 2,249 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,249 Sqft ∙ Built 2003
![property image]()
LEASED 07/06/20- Rent
- Rent Per SQFT
- $2,560
- $1.14
-
28918 Lakefront Road Temecula, 5
- 4 beds 3 baths ∙ 2,249 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,249 Sqft ∙ Built 2003
![property image]()
LEASED 01/29/20- Rent
- Rent Per SQFT
- $2,600
- $1.16
PROPERTY LISTING DETAILS
Century 21 Full Realty Svc.
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: SW20165580
Last Updated: 08/14/2020
