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

40615 Chantemar Way Temecula, CA 92591

4 Beds 3 Baths 2,558 sqft Built 2000

$625,000

List Price

$2,520

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

February 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $244.33
  • 8 Days on Market
  • MLS # : SW21020315
  • Updated Date : 02/02/2021 at 09:25
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,558 sqft
  • Baths : 3 full
Listing Agent

All About Real Estate

Listing Agent's Description

IT DOESN’T GET MUCH BETTER THAN THIS POOL HOME IN THE COMMUNITY OF CHANTEMAR VILLAS! Immaculate home located in the heart of Temecula. Property has a lower tax rate and NO HOA. Home features an upgraded tile entry which leads into an inviting open space where you will find the family room as well as a formal dining room. The kitchen features stainless steel appliances, granite countertops, custom backsplash and a spacious eat-in kitchen. The home has a total of four bedrooms plus a loft. Three bedrooms are upstairs and one is downstairs with it's own bath. The loft is equipped with french doors and is perfect for a home office or playroom and can be easily converted into a fifth bedroom. The bathrooms upstairs are exquisite due to recently being remodeled, including an incredible free-standing tub in the master bathroom. Plantation shutters are throughout the home and the flooring is newer in select areas. The backyard of the home is amazing, complete with a pool, spa, custom rock waterslide and a beautiful patio cover. The backyard is perfect for spending time with family, friends or just getting away from a busy day and relaxing. This home has outstanding curb appeal. The garage doors have been upgraded, the landscaping is low maintenance and the courtyard is an amazing entry space. If you're looking for a home that is truly "turn-key", this is it.

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: Campos Verdes

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $149k614k

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

Neighborhood: Campos Verdes

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
 

$562,500$687,500$625,000

PURCHASE PRICE

$2,268$2,772$2,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,520
EXPENSES Loan Payment -$2,171
Property Tax -$694
Property Insurance -$89
Property Management Fees -$149
CASH FLOW
-$583

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.

$625,000

PROJECTED PRICE

$2,520

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 5.1%
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

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$171,375

INVESTMENT

$171,375

Down Payment
$156,250
Rehab Estimate
$5,750
Closing Costs
$9,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,171

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $156,250
Loan Amount $468,750
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$3,172

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,520

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $2,539

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,5003$2,5204$2,6005$2,650
$2,650
RENT COMPS ANALYSIS
  • 40615 Chantemar Way Temecula, CA 3
    • 4 beds 3 baths ∙ 2,558 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,558 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,520
    • $0.99
    •  
  • 27521 Stanford Drive Temecula, CA 1
    • 4 beds 3 baths ∙ 2,558 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,558 Sqft ∙ Built 2001
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.90
    •  
  • 28769 Edenton Way Temecula, CA 2
    • 4 beds 3 baths ∙ 2,528 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,528 Sqft ∙ Built 2005
    property image
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.99
    •  
  • 28794 Cheverly Court Temecula, CA 4
    • 3 beds 2 baths ∙ 2,512 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,512 Sqft ∙ Built 2005
    property image
    LEASED 12/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.04
    •  
  • 27513 Stanford Drive Temecula, CA 5
    • 4 beds 3 baths ∙ 2,558 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,558 Sqft ∙ Built 2001
    property image
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.04
    •  
PROPERTY LISTING DETAILS
Shelley Ruzzamenti
All About Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW21020315
Last Updated: 02/02/2021
BESbswy