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43080 Calle Reva Temecula, CA 92592

3 Beds 3 Baths 2,644 sqft Built 1998

$549,900

List Price

$2,740

$2.5K - $3K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $207.98
  • 3 Days on Market
  • MLS # : SW20251458
  • Updated Date : 12/05/2020 at 10:20
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,644 sqft
  • Baths : 3 full
Listing Agent

Homesmart Realty West

Listing Agent's Description

Wonderful Pool Home in the Highly Sought after Rancho Highlands Neighborhood! Great corner lot with no rear neighbors. When you walk through the front doors you are greeted by high ceilings and an open floor plan with lots of natural light. The gourmet kitchen has stainless steel appliances, granite countertops, eat-in counter bar that opens to the family room and cozy fireplace. Made for relaxation, the large master suite has vaulted ceilings, master bath with walk-in closet, shower and separate soaking tub. This spacious 3 bedroom home has a possibility of having 5 bedrooms. One room downstairs and another bonus room upstairs that could be used as a game room/office or den. There's 3 full bathrooms with one downstairs. Large private backyard with pool, built-in BBQ and mature landscaping. The home offers solar panels that are being purchased, providing your home with solar power and lowering your energy bill. Fantastic community facilities include a pool, spa, basketball & tennis courts, clubhouse, playgrounds and one acre open space. Commuter friendly location. Close to golf courses, historic Old Town Temecula, wine country, Casino, great restaurants, post office, major shopping and easy access to I-15. Centrally located with wonderful amenities. In one of Temecula's most desirable established neighborhoods. As you drive into the community, you will recognize the tranquil charm that this neighborhood offers you.

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

Neighborhood: Rancho Highlands

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $149k614k

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

Neighborhood: Rancho Highlands

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2110012001300140015001600170018001900200021002200230024002500Rent in $10822520

* 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
Vail Elementary School Primary Regular 580 25 5
Margarita Middle School Middle Regular 862 33 7
Temecula Valley High School High Regular 2,722 103 9

Vail Elementary School

  • Education Level: Primary
  • # of students: 580
  • # of teachers: 25
5
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
 

$494,910$604,890$549,900

PURCHASE PRICE

$2,466$3,014$2,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,740
EXPENSES Loan Payment -$2,029
Property Tax -$577
Property Insurance -$91
HOA -$90
Property Management Fees -$162
CASH FLOW
-$209

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.

$549,900

PROJECTED PRICE

$2,740

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 8.2%
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-$5.0k$0.0$5.0k$10k$15k$20k

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$151,474

INVESTMENT

$151,474

Down Payment
$137,475
Rehab Estimate
$5,750
Closing Costs
$8,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,029

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $137,475
Loan Amount $412,425
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$22,209

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,740

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $2,895

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$2,550
1$2,5502$2,6953$2,7404$2,9005$3,300
$3,300
RENT COMPS ANALYSIS
  • 43080 Calle Reva Temecula, CA 3
    • 3 beds 3 baths ∙ 2,644 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,644 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $2,740
    • $1.04
    •  
  • 44035 Sheldon Court Temecula, CA 1
    • 4 beds 3 baths ∙ 2,583 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,583 Sqft ∙ Built 1987
    LEASED 11/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.99
    •  
  • 29825 Corte Granada Temecula, CA 2
    • 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
    •  
  • 30812 Crystalaire Drive Temecula, CA 4
    • 4 beds 2 baths ∙ 2,874 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,874 Sqft ∙ Built 2001
    LEASED 06/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.01
    •  
  • 28280 Tierra Vista Road Temecula, CA 5
    • 4 beds 3 baths ∙ 2,676 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,676 Sqft ∙ Built 1995
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.23
    •  
PROPERTY LISTING DETAILS
Lisa Schwahn
Homesmart Realty West
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW20251458
Last Updated: 12/05/2020
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