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43401 Monte Court Temecula, CA 92592

4 Beds 3 Baths 2,708 sqft Built 2002

$620,000

List Price

$2,800

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

January 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $228.95
  • 7 Days on Market
  • MLS # : OC21010694
  • Updated Date : 01/23/2021 at 19:33
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,708 sqft
  • Baths : 3 full
Listing Agent

Realty One Group West

Listing Agent's Description

This beautiful Paseo Del Sol home has it all, LOCATION, LOCATION,LOCATION + 1/4 ACRE LOT + PAID SOLAR. Sitting at the end of a cul-de-sac, this property boasts a sprawling backyard with room for a pool and more. Plus it sides an expansive greenbelt with a pathway. Featuring 4 bedrooms, 3 baths and an upstairs bonus room which easily converts back to a 5th bedroom. The kitchen offers granite countertops, S/S appliances, an island with breakfast bar, slide out shelves in the cabinetry, is open to the family room and dining area plus has views into the backyard. Other features include a whole house fan, ceiling fans in the bedrooms, 2 patios (1 which is covered), surround sound in the family room, bedroom down with a full adjacent bath, and closet organizers in all the upstairs bedrooms. But let's discuss Solar. When the system was installed addition panels were added hoping to be enough to accommodate the future needs of a pool or charging of EV vehicles. Great HOA has many amenities, playgrounds, pools, tennis, Exercise rooms and more. Located in the highly desirable Temecula School district and Abby Reinke elementary area.

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

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
 

$558,000$682,000$620,000

PURCHASE PRICE

$2,520$3,080$2,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,800
EXPENSES Loan Payment -$2,153
Property Tax -$651
Property Insurance -$93
HOA -$102
Property Management Fees -$165
CASH FLOW
-$364

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.

$620,000

PROJECTED PRICE

$2,800

PROJECTED RENT

0.45%

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$15k

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$170,050

INVESTMENT

$170,050

Down Payment
$155,000
Rehab Estimate
$5,750
Closing Costs
$9,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,153

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $155,000
Loan Amount $465,000
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$11,440

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,800

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $2,816

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,8003$2,8004$2,9005$3,000
$3,000
RENT COMPS ANALYSIS
  • 43401 Monte Court Temecula, CA 3
    • 4 beds 3 baths ∙ 2,708 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,708 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.03
    •  
  • 32682 Campo Drive Temecula, CA 1
    • 4 beds 3 baths ∙ 2,595 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,595 Sqft ∙ Built 2003
    property image
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.00
    •  
  • 32456 Cassino Court Temecula, CA 2
    • 4 beds 3 baths ∙ 2,616 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,616 Sqft ∙ Built 1999
    property image
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.07
    •  
  • 43493 Dodaro Drive Temecula, CA 4
    • 4 beds 3 baths ∙ 2,787 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,787 Sqft ∙ Built 2001
    property image
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.04
    •  
  • 32500 Cassino Court Temecula, CA 5
    • 5 beds 4 baths ∙ 2,863 Sqft ∙ Built 1999 5 beds 4 baths ∙ 2,863 Sqft ∙ Built 1999
    property image
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.05
    •  
PROPERTY LISTING DETAILS
Mary Spitz
Realty One Group West
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21010694
Last Updated: 01/23/2021
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