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40467 Clear Light Road Temecula, CA 92591

4 Beds 3 Baths 2,270 sqft Built 1994

$570,000

List Price

$2,400

$2.2K - $2.6K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $251.10
  • 5 Days on Market
  • MLS # : AR21007790
  • Updated Date : 01/15/2021 at 16:28
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,270 sqft
  • Baths : 2 full , 1 half
Listing Agent

Long Dragon Realty Group, Inc.

Listing Agent's Description

Highly upgraded 4 bedroom 2.5 Bath Temecula home. open floor plan with High Ceiling Living room, Hardwood floors throughout downstairs. newer kitchen with self closing cabinets and drawers, High end Samsung appliances and amazing Carrera Marble kitchen slabs with vintage wood accents. this home includes a downstairs bedroom and inside laundry room. The Master bedroom is over sized and includes a nook area. The Carrera Marble continues upstairs in the spacious Master Bathroom with over sized shower, double sink and Vanity. Again, hardwood floors in upstairs Master bedroom. Commercial grade tiled garage floor. Drought tolerate landscaping in front.

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Serena Hills

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $149k614k

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

Neighborhood: Serena Hills

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2120014001600180020002200240026002800Rent in $10822996

* 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
Rancho Elementary School Primary Regular 531 20 8
Margarita Middle School Middle Regular 862 33 7
Temecula Valley High School High Regular 2,722 103 9

Rancho Elementary School

  • Education Level: Primary
  • # of students: 531
  • # of teachers: 20
8
GreatSchools Rating

Margarita Middle School

  • Education Level: Middle
  • # of students: 862
  • # of teachers: 33
7
GreatSchools Rating

Temecula Valley High School

  • Education Level: High
  • # of students: 2,722
  • # of teachers: 103
9
GreatSchools Rating
 

$513,000$627,000$570,000

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 -$1,980
Property Tax -$595
Property Insurance -$82
Property Management Fees -$142
CASH FLOW
-$398

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.

$570,000

PROJECTED PRICE

$2,400

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 5.7%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$156,800

INVESTMENT

$156,800

Down Payment
$142,500
Rehab Estimate
$5,750
Closing Costs
$8,550

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,980

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $142,500
Loan Amount $427,500
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$7,870

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
  • $1.06

    LIST RENT PER SQFT
  • $2,412

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,4003$2,4004$2,4005$2,500
$2,500
RENT COMPS ANALYSIS
  • 40467 Clear Light Road Temecula, CA 4
    • 4 beds 3 baths ∙ 2,270 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,270 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.06
    •  
  • 31675 Leigh Lane Temecula, CA 1
    • 4 beds 3 baths ∙ 2,293 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,293 Sqft ∙ Built 1990
    LEASED 07/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.05
    •  
  • 31052 Wellington Circle Temecula, CA 2
    • 5 beds 3 baths ∙ 2,291 Sqft ∙ Built 1988 5 beds 3 baths ∙ 2,291 Sqft ∙ Built 1988
    LEASED 09/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.05
    •  
  • 41022 Promenade Chardonnay Temecula, CA 3
    • 3 beds 2 baths ∙ 2,284 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,284 Sqft ∙ Built 2000
    LEASED 01/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.05
    •  
  • 41328 Yuba Circle Temecula, CA 5
    • 4 beds 3 baths ∙ 2,272 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,272 Sqft ∙ Built 1989
    LEASED 08/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.10
    •  
PROPERTY LISTING DETAILS
Jason Chuah
Long Dragon Realty Group, Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: AR21007790
Last Updated: 01/15/2021
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