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43328 Dodaro Drive Temecula, CA 92592

4 Beds 3 Baths 2,960 sqft Built 2001

$599,000

List Price

$2,610

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 2001
  • Price/Sqft : $202.36
  • 4 Days on Market
  • MLS # : SW20229341
  • Updated Date : 11/02/2020 at 20:19
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,960 sqft
  • Baths : 3 full
Listing Agent

Big Block Realty

Listing Agent's Description

UPGRADED Paseo Del Sol Home with INCREDIBLE LAYOUT! Appealing curb appeal features artificial grass, palm trees and a custom walkway leading to a gated courtyard and porch double door entry. Step inside and immediately admire the cathedral ceilings with lots of windows letting in the beautiful natural light. Tile and hardwood flooring throughout, plantation shutters in many rooms. Main level features formal dining and living rooms, a downstairs bedroom with walk-in closet, full bathroom and a laundry room with sink & storage. At the back of the main level sits an updated kitchen with gorgeous dark cabinetry, granite countertops, island with barstool seating, stainless steel appliances including a built-in refrigerator. Just off the kitchen sits a family room that's the perfect spot for entertaining with fireplace and built-in bar. As you approach the second level you will find a huge bonus room with hardwood flooring and a ceiling fan - it's the perfect space for a home office, game room, etc. Step inside your master suite with updated bathroom featuring a high-end gorgeous walk-in shower with 3 water features including 2 rain shower heads, a seat and incredible tile detail. There are also dual sinks, walk-in closet and plantation shutters. There are 2 secondary bedrooms upstairs, both with easy access to a full bathroom with dual sinks. Backyard has lots of hardscape for easy maintenance. The Paseo Del Sol community has several pools/spas, a clubhouse, parks and more!

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: Paseo del Sol

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $149k620k

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

Neighborhood: Paseo 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
Abby Reinke Elementary School Primary Regular 815 33 9
Temecula Middle School Middle Regular 1,173 43 7
Temecula Valley High School High Regular 2,722 103 9

Abby Reinke Elementary School

  • Education Level: Primary
  • # of students: 815
  • # of teachers: 33
9
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
 

$539,100$658,900$599,000

PURCHASE PRICE

$2,349$2,871$2,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,610
EXPENSES Loan Payment -$2,210
Property Tax -$629
Property Insurance -$99
HOA -$102
Property Management Fees -$154
CASH FLOW
-$583

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.

$599,000

PROJECTED PRICE

$2,610

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 6.4%
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-$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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$164,485

INVESTMENT

$164,485

Down Payment
$149,750
Rehab Estimate
$5,750
Closing Costs
$8,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,210

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $149,750
Loan Amount $449,250
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$3,927

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,610

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $2,760

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$2,610
1$2,6102$2,7003$2,7004$2,7005$2,800
$2,800
RENT COMPS ANALYSIS
  • 43328 Dodaro Drive Temecula, CA 1
    • 4 beds 3 baths ∙ 2,960 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,960 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $2,610
    • $0.88
    •  
  • 32433 Campo Drive Temecula, CA 2
    • 4 beds 3 baths ∙ 2,960 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,960 Sqft ∙ Built 2001
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.91
    •  
  • 42912 Via Alhama Temecula, CA 3
    • 4 beds 3 baths ∙ 2,900 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,900 Sqft ∙ Built 1998
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.93
    •  
  • 32466 Campo Drive Temecula, CA 4
    • 4 beds 3 baths ∙ 2,960 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,960 Sqft ∙ Built 2001
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.91
    •  
  • 42576 Garcia Way Temecula, CA 5
    • 5 beds 3 baths ∙ 2,860 Sqft ∙ Built 2011 5 beds 3 baths ∙ 2,860 Sqft ∙ Built 2011
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.98
    •  
PROPERTY LISTING DETAILS
Val Ives
Big Block Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW20229341
Last Updated: 11/02/2020
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