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41064 Vintage Circle Temecula, CA 92591

3 Beds 2 Baths 1,750 sqft Built 1990

$484,900

List Price

$2,090

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1990
  • Price/Sqft : $277.09
  • 5 Days on Market
  • MLS # : SW20228877
  • Updated Date : 10/30/2020 at 09:03
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,750 sqft
  • Baths : 2 full
Listing Agent

Redfin Corporation

Listing Agent's Description

Move-in ready single level home is ready to be made yours in the desirable Chardonnay Hills community! This home features great curb appeal, an open floorplan, gorgeous tile flooring throughout the main living areas, lots of natural light, skylights, high ceilings, and updated fixtures throughout. The formal living room has a 2-way fireplace that is shared with the family room. The kitchen offers white cabinetry, gorgeous granite countertops with matching backsplash, stainless steel appliances, and opens to the dining area and the family room. All of the bedrooms have carpet flooring and the large primary bedroom features a sitting room, private sliding glass door access to the backyard, and a large ensuite with dual sink vanity and separate bathtub and shower. Enjoy the backyard with a built-in pergola and lush green grass - the perfect space for entertaining! This home also has Solar Panels and a 3 car garage. Residents get to enjoy resort-like amenities including a sparkling swimming pool, spa, tennis courts, and parks. Conveniently located near shopping, dining, golf, wineries, and more!

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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: Chardonnay Hills

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $149k614k

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

Neighborhood: Chardonnay 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
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
 

$436,410$533,390$484,900

PURCHASE PRICE

$1,881$2,299$2,090

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,090
EXPENSES Loan Payment -$1,789
Property Tax -$495
Property Insurance -$70
HOA -$130
Property Management Fees -$123
CASH FLOW
-$517

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.

$484,900

PROJECTED PRICE

$2,090

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 5.8%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$134,249

INVESTMENT

$134,249

Down Payment
$121,225
Rehab Estimate
$5,750
Closing Costs
$7,274

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,789

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $121,225
Loan Amount $363,675
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,713

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,090

    LIST RENT
  • $1.19

    LIST RENT PER SQFT
  • $2,174

    COMP ESTIMATED VALUE
  • $1.24

    COMP AVG. RENT PER SQFT
Comps Range
$2,090
1$2,0902$2,1003$2,2754$2,5505$2,600
$2,600
RENT COMPS ANALYSIS
  • 41064 Vintage Circle Temecula, CA 1
    • 3 beds 2 baths ∙ 1,750 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,750 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $2,090
    • $1.19
    •  
  • 30921 Eagle Court Temecula, CA 2
    • 3 beds 2 baths ∙ 1,760 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,760 Sqft ∙ Built 1998
    LEASED 05/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.19
    •  
  • 41576 Chenin Blanc Court Temecula, CA 3
    • 3 beds 3 baths ∙ 1,776 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,776 Sqft ∙ Built 1987
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,275
    • $1.28
    •  
  • 31122 Dog Leg Circle Temecula, CA 4
    • 3 beds 2 baths ∙ 2,032 Sqft ∙ Built 1998 3 beds 2 baths ∙ 2,032 Sqft ∙ Built 1998
    LEASED 10/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.25
    •  
  • 31494 Avenida Del Reposo Temecula, CA 5
    • 3 beds 3 baths ∙ 2,075 Sqft ∙ Built 1977 3 beds 3 baths ∙ 2,075 Sqft ∙ Built 1977
    LEASED 04/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.25
    •  
PROPERTY LISTING DETAILS
Teri Conley
Redfin Corporation
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW20228877
Last Updated: 10/30/2020
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