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41190 Via Cielito Temecula, CA 92591

4 Beds 3 Baths 2,800 sqft Built 1988

$819,000

List Price

$3,330

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $292.50
  • 26 Days on Market
  • MLS # : SW20226942
  • Updated Date : 11/20/2020 at 06:54
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,800 sqft
  • Baths : 2 full , 1 half
Listing Agent

Hart To Hart Properties

Listing Agent's Description

Come view this single level, 4 bedroom, 2 1/2 bathroom, 3 car garage home w RV/toy space on a private lot with expansive lawns. Nestled between mature trees at the end of a small cul de sac you will find this charming family home in the unique Meadowview community. An open kitchen/family room features warm-toned wood cabinets, granite counters, stainless appliances and a farmhouse sink. The front-facing living room offers lovely views of the front yard as dappled morning light greets you. An attached dining room has a walkway through to the kitchen for easy serving. You will enjoy the ample family room featuring a long wall with green built-ins framing the home’s fireplace. The long back patio is covered and shaded by trees providing a cool, tranquil setting for lunch. The newly remodeled master bathroom is bright and appointed with contemporary features. Sellers have installed porcelain wood plank style flooring, remodeled the bathrooms and repaved the driveway with pavers. Other less noticeable improvements include: re-piping all the home(except laundry) with PEX pipes; retrofitting most windows; improving general irrigation by installling drains from the street through the lot (for all those rainy CA days); and adding a recirculating pump with remotes to ease hot water delivery time. Located in the center of town, Meadowview offers larger lots, custom homes, community pools, tennis courts, basketball courts, mature landscaping and the large equestrian and walking trails.

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: Meadowview

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $149k614k

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

Neighborhood: Meadowview

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2120014001600180020002200240026002800Rent in $10822921

* 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
Temecula Elementary School Primary Regular 632 26 5
James L. Day Middle School Middle Regular 994 38 8
Chaparral High School High Regular 3,237 120 9

Temecula Elementary School

  • Education Level: Primary
  • # of students: 632
  • # of teachers: 26
5
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
 

$737,100$900,900$819,000

PURCHASE PRICE

$2,997$3,663$3,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,330
EXPENSES Loan Payment -$3,022
Property Tax -$837
Property Insurance -$95
HOA -$80
Property Management Fees -$196
CASH FLOW
-$899

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.

$819,000

PROJECTED PRICE

$3,330

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 6.6%
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$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$222,785

INVESTMENT

$222,785

Down Payment
$204,750
Rehab Estimate
$5,750
Closing Costs
$12,285

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,022

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $204,750
Loan Amount $614,250
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$2,898

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,330

    LIST RENT
  • $1.19

    LIST RENT PER SQFT
  • $2,681

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$2,250
1$2,2502$2,3003$2,3984$3,3305$3,500
$3,500
RENT COMPS ANALYSIS
  • 41190 Via Cielito Temecula, CA 4
    • 4 beds 3 baths ∙ 2,800 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,800 Sqft ∙ Built 1988
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,330
    • $1.19
    •  
  • 40362 Chantemar Way Temecula, CA 1
    • 4 beds 3 baths ∙ 2,558 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,558 Sqft ∙ Built 2000
    property image
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.88
    •  
  • 27521 Stanford Drive Temecula, CA 2
    • 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
    •  
  • 27433 Stanford Drive Temecula, CA 3
    • 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 2002
    property image
    LEASED 12/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,398
    • $0.92
    •  
  • 40325 Odessa Drive Temecula, CA 5
    • 5 beds 3 baths ∙ 3,092 Sqft ∙ Built 2000 5 beds 3 baths ∙ 3,092 Sqft ∙ Built 2000
    property image
    LEASED 01/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.13
    •  
PROPERTY LISTING DETAILS
Katherine Dienhart
Hart To Hart Properties
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW20226942
Last Updated: 11/20/2020
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