Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

43351 Corte Rialto Temecula, CA 92592

4 Beds 3 Baths 2,676 sqft Built 1994

$549,900

List Price

$2,730

$2.5K - $3K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $205.49
  • 2 Days on Market
  • MLS # : ND20264043
  • Updated Date : 01/02/2021 at 11:43
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,676 sqft
  • Baths : 3 full
Listing Agent

Century 21 Award

Listing Agent's Description

Large Two Story Home in Highly Desirable Rancho Highlands of Temecula. The Home and Property Feature: Newer HVAC System Upgrades, Newer Water Heater, Vaulted Ceilings, Office Down Stairs Could be a 5th Bedroom, Full Bath Downstairs, 3 Car Garage, Mountain Views, Close to the Cul-de-Sac, Low HOA with Community Pool, Low Taxes, and Five Minutes to the 15 Freeway off of Rancho California Road. This Home will not Last!!!

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

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

$2,457$3,003$2,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,730
EXPENSES Loan Payment -$2,029
Property Tax -$577
Property Insurance -$92
HOA -$100
Property Management Fees -$161
CASH FLOW
-$229

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

$2,730

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

3.5

YEARS SAVED

$20,401

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,730

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $2,957

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$2,550
1$2,5502$2,6003$2,6954$2,7305$3,300
$3,300
RENT COMPS ANALYSIS
  • 43351 Corte Rialto Temecula, CA 4
    • 4 beds 3 baths ∙ 2,676 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,676 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $2,730
    • $1.02
    •  
  • 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
    •  
  • 42058 Southern Hills Drive Temecula, CA 2
    • 3 beds 3 baths ∙ 2,470 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,470 Sqft ∙ Built 1999
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.05
    •  
  • 29825 Corte Granada Temecula, CA 3
    • 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
    •  
  • 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
Thor Sorensen
Century 21 Award
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: ND20264043
Last Updated: 01/02/2021
BESbswy