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41613 Corte Pergamino Temecula, CA 92592

4 Beds 3 Baths 2,000 sqft Built 1996

INVESTimate

$535,000

List Price

$2,250

$2,025 - $2,475

Rent Est.

$569,615  ( +6.47%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 1996
  • Price/Sqft : $267.50
  • 5 Days on Market
  • MLS # : IG20154430
  • Updated Date : 08/22/2020 at 15:07
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,000 sqft
  • Baths : 2 full , 1 half
Listing Agent

Reliance Real Estate Services

Listing Agent's Description

**LOW TAXES**SOLAR OWNED**LOW HOA**WHOLE HOUSE FAN**NEW EXTERIOR PAINT**CUL-DE-SAC HOME**The pride of ownership shows in this beautiful Two Story Temecula pool home is located in the highly desirable Vintage Hills Community! Formal dining and living room feature high ceilings, plantation shutters and wood like tile flooring throughout. The gorgeous remodeled kitchen features Quartz countertops and island, custom Maple cabinets and stainless steel appliances that open up to your family room. Upstairs you will find a spacious master suite with upgraded dual vanity, walk-in closet along with three additional bedrooms and a full remodeled bathroom. Backyard Oasis featuring a sparkling pool and spa, Alumawood covered patio, planter boxes and EasyTurf artificial grass for low maintenance along with removable sunshades on the back windows. This home is walking distance to award winning schools and close proximity to parks, shopping, restaurants, Old Town and Wine Country. You will love calling this house your home, HURRY it won't last long!

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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: Margarita Village - Temeku Hills

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $149k614k

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

Neighborhood: Margarita Village - Temeku 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
Temecula Middle School Middle Regular 1,173 43 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

Temecula Middle School

  • Education Level: Middle
  • # of students: 1,173
  • # of teachers: 43
7
GreatSchools Rating

Temecula Valley High School

  • Education Level: High
  • # of students: 2,722
  • # of teachers: 103
9
GreatSchools Rating
 

$481,500$588,500$535,000

PURCHASE PRICE

$2,025$2,475$2,250

RENT

DOWN PAYMENT
FINANCING

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

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,250
EXPENSES Loan Payment -$1,974
Property Tax -$561
Property Insurance -$76
HOA -$90
Property Management Fees -$133
CASH FLOW
-$584

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.

$535,000

PROJECTED PRICE

$2,250

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 6.47%
Maintenance Year (1-5) 8.00%
Vacancy 5.35%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$147,525

INVESTMENT

$147,525

Down Payment
$133,750
Rehab Estimate
$5,750
Closing Costs
$8,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,974

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $133,750
Loan Amount $401,250
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,755

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,250

    LIST RENT
  • $1.13

    LIST RENT PER SQFT
  • $2,345

    COMP ESTIMATED VALUE
  • $1.17

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,2503$2,2754$2,4955$2,500
$2,500
RENT COMPS ANALYSIS
  • 41613 Corte Pergamino Temecula, 2
    • 4 beds 3 baths ∙ 2,000 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,000 Sqft ∙ Built 1996
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.13
    •  
  • 41731 Via El Greco Temecula, 1
    • 3 beds 3 baths ∙ 1,788 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,788 Sqft ∙ Built 1988
    property image
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.17
    •  
  • 41576 Chenin Blanc Court Temecula, 3
    • 3 beds 3 baths ∙ 1,776 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,776 Sqft ∙ Built 1987
    property image
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,275
    • $1.28
    •  
  • 41235 Sea Island Court Temecula, 4
    • 4 beds 3 baths ∙ 2,141 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,141 Sqft ∙ Built 2000
    property image
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.17
    •  
  • 32185 Corte Florecita Temecula, 5
    • 4 beds 3 baths ∙ 2,328 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,328 Sqft ∙ Built 1993
    property image
    LEASED 08/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.07
    •  
PROPERTY LISTING DETAILS
Danielle Rivera
Reliance Real Estate Services
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IG20154430
Last Updated: 08/22/2020
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