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PROPERTY INFO
FACTS
- Single Family
- Built In 1998
- Price/Sqft : $258.47
- 5 Days on Market
- MLS # : SW20245286
- Updated Date : 11/25/2020 at 18:19
CONSTRUCTION
- Beds : 3
- Floor Size : 1,760 sqft
- Baths : 2 full
Listing Agent
First Team Real Estate, Tem
Listing Agent's Description
Welcome home to 41895 Vardon Drive!! Stepping inside, the formal living and dining areas welcome you featuring an abundance of natural light and great views of the front yard. A bonus den space is located off the main entryway and grants an opportunity to have an office or den. The open kitchen offers ample cabinet and counter space, plus a roomy kitchen island that opens to the family room which features a gas fireplace and a large sliding glass door offering access to the backyard. Stepping outside you will be in awe! A scenic backdrop of trees, golf course, and mountain views add to the tranquility of the low maintenance backyard. Heading back inside down the hallway off the kitchen you will find a secondary bathroom, 2 spacious secondary rooms, the laundry room, and the primary suite featuring a large bedroom with an en-suite bathroom and a spacious walk-in closet. Conveniently located in Central Temecula in the Golf Course Community of Temeku Hills, offering its residents resort-like amenities including a heated pool and spa, tennis courts, banquet facilities, and community clubhouse, plus offering easy access to freeways, Distinguished Temecula Schools, Award Winning Wineries, and shopping and dining. This is a home that you don’t want to miss! Schedule your private tour today!!
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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: Margarita Village - Temeku Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Margarita Village - Temeku Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,300 |
| EXPENSES | Loan Payment | -$1,678 |
| Property Tax | -$472 | |
| Property Insurance | -$70 | |
| HOA | -$95 | |
| Property Management Fees | -$136 | |
|
CASH FLOW
-$150
|
||
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.
$454,900
PROJECTED PRICE
$2,300
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.95% |
| Appreciation Year (1-5) | 6.5% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.35% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$126,299
LOAN DETAILS
$1,678
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $113,725 |
| Loan Amount | $341,175 |
4
YEARS SAVED
$20,004
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,300
LIST RENT -
$1.31
LIST RENT PER SQFT
-
$2,473
COMP ESTIMATED VALUE -
$1.4
COMP AVG. RENT PER SQFT
Comps Range
-
41895 Vardon Drive Temecula, CA 4
- 3 beds 2 baths ∙ 1,760 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,760 Sqft ∙ Built 1998
![property image]()
- Rent
- Rent Per SQFT
- $2,300
- $1.31
-
30288 Mersey Court Temecula, CA 1
- 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 1988
![property image]()
LEASED 02/21/20- Rent
- Rent Per SQFT
- $2,250
- $1.39
-
31186 Corte Talvera Temecula, CA 2
- 3 beds 3 baths ∙ 1,636 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,636 Sqft ∙ Built 1988
![property image]()
LEASED 08/07/20- Rent
- Rent Per SQFT
- $2,250
- $1.38
-
31039 Corte Anza Temecula, CA 3
- 3 beds 3 baths ∙ 1,636 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,636 Sqft ∙ Built 1988
![property image]()
LEASED 03/28/20- Rent
- Rent Per SQFT
- $2,300
- $1.41
-
43046 Agena Street Temecula, CA 5
- 3 beds 3 baths ∙ 1,660 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,660 Sqft ∙ Built 1986
![property image]()
LEASED 07/16/20- Rent
- Rent Per SQFT
- $2,395
- $1.44
PROPERTY LISTING DETAILS
First Team Real Estate, Tem
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: SW20245286
Last Updated: 11/25/2020
