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43175 Corte Montilla Temecula, CA 92592

4 Beds 3 Baths 1,761 sqft Built 1993

$540,000

List Price

$2,330

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $306.64
  • 4 Days on Market
  • MLS # : SW21034346
  • Updated Date : 02/19/2021 at 13:33
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,761 sqft
  • Baths : 2 full , 1 half
Listing Agent

Trillion Real Estate

Listing Agent's Description

This beautiful Paloma Del Sol home with 1700+ sqft has so much to offer! As you enter this quiet cul-de-sac home you are met with a formal living and dining area. The whole first story and all bathrooms have also been updated with all new flooring! As you walk past the dining area, you will find the open kitchen that is beautifully upgraded with granite counter tops, new light fixtures, stainless steel appliances and espresso cabinets. The family room features a cozy fireplace, laminate wood flooring, neutral paint, and ceiling fan. All bedrooms are located upstairs, including the master bedroom. The master bedroom offers its own private master bathroom that is equipped with his/hers vanity sinks, two closets, and a combined tub-shower. The spectacular backyard offers a serene and spacious environment which is fully landscaped and has an extended patio cover, perfect for entertaining! The three car garage also offers a heavy duty work bench, and fenced pet area! This south Temecula home is conveniently located in the award winning school district of Temecula Valley Unified and is within walking distance to Temecula Valley High School. Paloma Del Sol community has wonderful amenities as well, including a pool & spa, clubhouse, tennis courts, basketball courts, hiking trails, picnic areas, and much more! With a prime location and a beautiful home, it will go fast! Don't miss out!

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MARKET HIGHLIGHTS

  • 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.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Paloma del Sol

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $149k614k

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

Neighborhood: Paloma del Sol

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
Paloma Elementary School Primary Regular 604 23 8
Temecula Middle School Middle Regular 1,173 43 7
Temecula Valley High School High Regular 2,722 103 9

Paloma Elementary School

  • Education Level: Primary
  • # of students: 604
  • # of teachers: 23
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
 

$486,000$594,000$540,000

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 -$1,876
Property Tax -$567
Property Insurance -$70
HOA -$101
Property Management Fees -$137
CASH FLOW
-$421

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.

$540,000

PROJECTED PRICE

$2,330

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
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$148,850

INVESTMENT

$148,850

Down Payment
$135,000
Rehab Estimate
$5,750
Closing Costs
$8,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,876

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $135,000
Loan Amount $405,000
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$5,235

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
  • $1.32

    LIST RENT PER SQFT
  • $2,294

    COMP ESTIMATED VALUE
  • $1.3

    COMP AVG. RENT PER SQFT
Comps Range
$2,050
1$2,0502$2,1753$2,2004$2,3005$2,330
$2,330
RENT COMPS ANALYSIS
  • 43175 Corte Montilla Temecula, CA 5
    • 4 beds 3 baths ∙ 1,761 Sqft ∙ Built 1993 4 beds 3 baths ∙ 1,761 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $2,330
    • $1.32
    •  
  • 31910 Calle Redondela Temecula, CA 1
    • 3 beds 3 baths ∙ 1,657 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,657 Sqft ∙ Built 1994
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.24
    •  
  • 31890 Calle Ballentine Temecula, CA 2
    • 3 beds 3 baths ∙ 1,664 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,664 Sqft ∙ Built 1997
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,175
    • $1.31
    •  
  • 43450 Via Barrozo Temecula, CA 3
    • 3 beds 3 baths ∙ 1,630 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,630 Sqft ∙ Built 1994
    LEASED 06/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.35
    •  
  • 43065 Corte Tolosa Temecula, CA 4
    • 4 beds 3 baths ∙ 1,761 Sqft ∙ Built 1993 4 beds 3 baths ∙ 1,761 Sqft ∙ Built 1993
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.31
    •  
PROPERTY LISTING DETAILS
Tyson Robinson
Trillion Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW21034346
Last Updated: 02/19/2021
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