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PROPERTY INFO
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.
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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: Campos Verdes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Campos Verdes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$171,375
LOAN DETAILS
$2,171
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $156,250 |
| Loan Amount | $468,750 |
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
-
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
All About Real Estate
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: SW21020315
Last Updated: 02/02/2021
