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41843 Shorewood Court Temecula, CA 92591

4 Beds 3 Baths 2,018 sqft Built 1989

$550,000

List Price

$2,330

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $272.55
  • 6 Days on Market
  • MLS # : SW21049449
  • Updated Date : 03/12/2021 at 14:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,018 sqft
  • Baths : 3 full
Listing Agent

Guardian Real Estate Services

Listing Agent's Description

Gorgeous pool home in Temeucla at the end of a quiet cul-de-sac. This is the Unicorn you have been waiting on, but now its available and could be yours. NO HOA, and low taxes are just the start. This property has been meticulously redone and is completely upgraded throughout, with a new HVAC system, completely redone kitchen with thick granite counters, custom wood cabinets, stainless steel appliances and LED lighting. The windows have been upgraded to high efficient, low E, dual pane glass. All the bathrooms have been redone, and the master is a spa oasis with a massive shower covered in natural stone and tile. The backyard is an entertainer’s dream! During the summer you and the family can relax and unwind in your new pebble tech pool with waterfalls and custom slide. This pool is connected to WiFi and can be controlled by your phone. Showcase your grill-master skills for your friends with your BBQ island and watch as your kids swim and play and run in your huge yard. Lastly, the quiet cul-de-sac and oversized 3 car garage are perfect for your toys or hobbies with added insulation and extra outlets and upgraded 200 amp panel for all your tools and hobby needs.

SEE MORE

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

Zip Code: 92591

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $149k614k

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

Zip Code: 92591

ZipNIR 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
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
 

$495,000$605,000$550,000

PURCHASE PRICE

$2,097$2,563$2,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,330
EXPENSES Loan Payment -$1,910
Property Tax -$611
Property Insurance -$76
Property Management Fees -$137
CASH FLOW
-$405

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.

$550,000

PROJECTED PRICE

$2,330

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 5.7%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,500

INVESTMENT

$151,500

Down Payment
$137,500
Rehab Estimate
$5,750
Closing Costs
$8,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,910

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $137,500
Loan Amount $412,500
See What Happens When You Reinvest Cash Flow

1.83

YEARS SAVED

$6,599

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,330

    LIST RENT
  • $1.15

    LIST RENT PER SQFT
  • $2,467

    COMP ESTIMATED VALUE
  • $1.22

    COMP AVG. RENT PER SQFT
Comps Range
$2,330
1$2,3302$2,3503$2,4004$2,6005$2,695
$2,695
RENT COMPS ANALYSIS
  • 41843 Shorewood Court Temecula, CA 1
    • 4 beds 3 baths ∙ 2,018 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,018 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $2,330
    • $1.15
    •  
  • 29688 Ramsey Court Temecula, CA 2
    • 4 beds 3 baths ∙ 1,856 Sqft ∙ Built 1988 4 beds 3 baths ∙ 1,856 Sqft ∙ Built 1988
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.27
    •  
  • 42145 Calabria Drive Temecula, CA 3
    • 3 beds 3 baths ∙ 2,060 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,060 Sqft ∙ Built 2001
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.17
    •  
  • 40241 Starling Street Temecula, CA 4
    • 3 beds 3 baths ∙ 1,996 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,996 Sqft ∙ Built 1989
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.30
    •  
  • 29825 Corte Granada Temecula, CA 5
    • 3 beds 3 baths ∙ 2,343 Sqft ∙ Built 1988 3 beds 3 baths ∙ 2,343 Sqft ∙ Built 1988
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $1.15
    •  
PROPERTY LISTING DETAILS
Thomas Taylor
Guardian Real Estate Services
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW21049449
Last Updated: 03/12/2021
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