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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $211.27
- 13 Days on Market
- MLS # : SW20243124
- Updated Date : 12/30/2020 at 11:44
CONSTRUCTION
- Beds : 4
- Floor Size : 2,911 sqft
- Baths : 3 full
Listing Agent
Big Block Realty
Listing Agent's Description
NEWLY UPDATED!! Ready for New Owners to Take over! Paseo Del Sol. 2911 Sq. ft w/ 4 bedrooms, 3 baths, Main Level Bonus Rm & Separate Casita. Charming Gated Entrance to Lush Courtyard. Separate Casita has French Doors leading to outside of home or Private entrance into the Courtyard. New Carpet, Paint & lighting just installed in the Casita. It's PERFECT for Stay at Home office that is Private & Separate from the home. Front Door entry into the home leads you to Light and Bright Living and Dining rooms w/ Vaulted Ceilings & Large Picture Windows. Warm Wood Tone Flooring & New Carpet all throughout Main Level. The Kitchen and Family Room have been Newly updated w/ Quartz Countertops, New Sink, New Backsplash, New Cabinet Hardware and Updated Paint. Center Island in Kitchen, abundance of Cabinetry & Slider Door leading out to the Courtyard. Cozy Stone Fireplace in the Family Rm. Bonus Rm & Full Bath round out the Main Level. Could be Easily Converted to 5th Bedrm. Upstairs New Carpeting installed, New Tile Flooring in Bathrms, Updated Lighting & much More. Master Suite has Spacious ensuite Bath & generous Sized Closet. The backyard has Mature Landscaping & Plenty of room to add pool or kid's play area. Solar Panels installed with Reduced Cost Energy Program. No set Lease Payment. Paseo Del Sol has miles of walking trails, 3 pools, Tennis Courts, Parks & Clubhouse Facilities. Low Taxes! For 360 walking tour go to: https://my.matterport.com/models/je5Z5EpD4mb
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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: Paseo del Sol
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Paseo del Sol
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,830 |
| EXPENSES | Loan Payment | -$2,269 |
| Property Tax | -$645 | |
| Property Insurance | -$98 | |
| HOA | -$102 | |
| Property Management Fees | -$167 | |
|
CASH FLOW
-$451
|
||
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.
$615,000
PROJECTED PRICE
$2,830
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$168,725
LOAN DETAILS
$2,269
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $153,750 |
| Loan Amount | $461,250 |
2.08
YEARS SAVED
$10,283
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,830
LIST RENT -
$0.97
LIST RENT PER SQFT
-
$2,846
COMP ESTIMATED VALUE -
$0.98
COMP AVG. RENT PER SQFT
Comps Range
-
43485 Dodaro Temecula, CA 3
- 4 beds 3 baths ∙ 2,911 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,911 Sqft ∙ Built 2001
- Rent
- Rent Per SQFT
- $2,830
- $0.97
-
32433 Campo Drive Temecula, CA 1
- 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
-
32466 Campo Drive Temecula, CA 2
- 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
-
43493 Dodaro Drive Temecula, CA 4
- 4 beds 3 baths ∙ 2,787 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,787 Sqft ∙ Built 2001
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
LEASED 06/08/20- Rent
- Rent Per SQFT
- $3,000
- $1.05
PROPERTY LISTING DETAILS
Big Block Realty
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: SW20243124
Last Updated: 12/30/2020
