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PROPERTY INFO
FACTS
- Single Family
- Built In 1997
- Price/Sqft : $225.94
- 3 Days on Market
- MLS # : SW21009748
- Updated Date : 01/15/2021 at 21:29
CONSTRUCTION
- Beds : 4
- Floor Size : 2,390 sqft
- Baths : 3 full
Listing Agent
Exp Realty Of California, Inc.
Listing Agent's Description
Hurry, this home located in the BEAUTIFUL city of Temecula won’t last!!! On your approach you’ll notice the great views of your beautiful community, mature landscape and clear blue skies. Looking at the home you'll notice the details that were put into the home for you to enjoy. A perfect spacious porch, the lush green grass, a large driveway and SOLAR. As you enter the home you'll enter the large formal living area with vaulted ceilings, to the left is a cozy room with a closet that can be used as a bedroom. As you continue, to the left you have a bathroom for your guest and a perfectly placed closet. Moving forward you'll enter the lovely open floor plan with the Kitchen to the left. This kitchen has the perfect space for all you entertaining needs. Directly across from that is the dining area, living room area and walk-in pantry. But wait, we have another down stairs room that has a closet and can be used as an additional bedroom. Upstairs to the left you have 3 bedrooms and a restroom. To the right you have the master bedroom and master bathroom. Upstairs take not to the beautiful new carpet and recently painted walls. Enjoy your balcony right off your master suite with amazing views of the highly desired Temecula. Low maintenance back yard and perfect for entertaining. NEW AC UNITS. 5 Pools, many basketball courts and areas for all the family. Enjoy all So-Cal has to offer with Beaches, Ski resorts, Los Angeles and much more only about an hour away.
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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: Paloma del Sol
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Paloma del Sol
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,510 |
| EXPENSES | Loan Payment | -$1,876 |
| Property Tax | -$567 | |
| Property Insurance | -$85 | |
| HOA | -$103 | |
| Property Management Fees | -$148 | |
|
CASH FLOW
-$268
|
||
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.
$539,999
PROJECTED PRICE
$2,510
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.95% |
| Appreciation Year (1-5) | 7.0% |
| 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
$148,850
LOAN DETAILS
$1,876
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $135,000 |
| Loan Amount | $404,999 |
2.92
YEARS SAVED
$12,550
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,510
LIST RENT -
$1.05
LIST RENT PER SQFT
-
$2,515
COMP ESTIMATED VALUE -
$1.05
COMP AVG. RENT PER SQFT
Comps Range
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43166 Calle Mataro Temecula, CA 3
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32176 Via Arias Temecula, CA 1
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LEASED 08/25/20- Rent
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- $2,450
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LEASED 11/25/20- Rent
- Rent Per SQFT
- $2,450
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-
32947 Novara Court Temecula, CA 4
- 4 beds 3 baths ∙ 2,382 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,382 Sqft ∙ Built 2000
LEASED 02/16/20- Rent
- Rent Per SQFT
- $2,550
- $1.07
-
31870 Calle Redondela Temecula, CA 5
- 4 beds 3 baths ∙ 2,572 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,572 Sqft ∙ Built 1994
LEASED 08/08/20- Rent
- Rent Per SQFT
- $2,600
- $1.01
PROPERTY LISTING DETAILS
Exp Realty Of California, Inc.
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: SW21009748
Last Updated: 01/15/2021
