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41288 Rue Jadot Temecula, CA 92591

4 Beds 3 Baths 2,590 sqft Built 2001

$659,000

List Price

$2,600

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

January 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $254.44
  • 5 Days on Market
  • MLS # : SW21005924
  • Updated Date : 01/21/2021 at 18:34
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,590 sqft
  • Baths : 2 full , 1 half
Listing Agent

Rancon Real Estate

Listing Agent's Description

This gorgeous 2,590 square foot single story home with a large .35 acre pool sized lot and incredibly landscaped backyard is located in exclusive Chardonnay Hills. Walking through the courtyard entry, the front door opens up to a beautiful living room with a fireplace and views to the backyard. This 4 bedroom plus office, 3 bath home is an entertainer’s dream floor plan with a large private master bedroom, double vanity bathroom with walk in shower and bathtub as well as a walk-in closet. All bedrooms are freshly painted with new flooring and have plantation shutters. There is an indoor laundry room and an additional desk area with views to the courtyard that would be great for home schooling. The kitchen has ample storage and counter top space with a large kitchen island and has views to the backyard. A floor plan like this rarely comes available in Chardonnay Hills! This tandem three car garage has builtins with plenty of storage, 220 volt plugs and air conditioning. If you are looking for privacy while being close to the wineries, grocery stores, and restaurants while being in an excellent school district and very low taxes, then this is it! Please follow all guidelines pertaining to COVID-19 regulations.

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MARKET HIGHLIGHTS

  • 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.
  • 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)

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
Vintage Hills Elementary School Primary Regular 745 29 8
Margarita Middle School Middle Regular 862 33 7
Temecula Valley High School High Regular 2,722 103 9

Vintage Hills Elementary School

  • Education Level: Primary
  • # of students: 745
  • # of teachers: 29
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
 

$593,100$724,900$659,000

PURCHASE PRICE

$2,340$2,860$2,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,600
EXPENSES Loan Payment -$2,289
Property Tax -$692
Property Insurance -$90
HOA -$110
Property Management Fees -$153
CASH FLOW
-$734

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.

$659,000

PROJECTED PRICE

$2,600

PROJECTED RENT

0.39%

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$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$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$180,385

INVESTMENT

$180,385

Down Payment
$164,750
Rehab Estimate
$5,750
Closing Costs
$9,885

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,289

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $164,750
Loan Amount $494,250
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$888

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,600

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $2,707

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,6003$2,6804$2,8505$3,000
$3,000
RENT COMPS ANALYSIS
  • 41288 Rue Jadot Temecula, CA 2
    • 4 beds 3 baths ∙ 2,590 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,590 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.00
    •  
  • 31458 Seminole Street Temecula, CA 1
    • 3 beds 3 baths ∙ 2,470 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,470 Sqft ∙ Built 2000
    LEASED 05/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.93
    •  
  • 31348 Canterbury Court Temecula, CA 3
    • 4 beds 3 baths ∙ 2,430 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,430 Sqft ∙ Built 1997
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,680
    • $1.10
    •  
  • 31155 Sunningdale Drive Temecula, CA 4
    • 4 beds 3 baths ∙ 2,777 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,777 Sqft ∙ Built 1999
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.03
    •  
  • 31822 Sandhill Lane Temecula, CA 5
    • 4 beds 3 baths ∙ 2,673 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,673 Sqft ∙ Built 2001
    LEASED 12/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.12
    •  
PROPERTY LISTING DETAILS
Dick Rainey
Rancon Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW21005924
Last Updated: 01/21/2021
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