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43832 Calabro Street Temecula, CA 92592

3 Beds 3 Baths 1,621 sqft Built 1999

$475,000

List Price

$2,120

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $293.03
  • 13 Days on Market
  • MLS # : SW21049105
  • Updated Date : 03/20/2021 at 19:33
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,621 sqft
  • Baths : 2 full , 1 half
Listing Agent

Helpusell Experts Realty

Listing Agent's Description

Great property located in Paseo del Sol. Original owner of this former model home. No rear neighbors. Backyard overlooks the fenced green belt of the clubhouse pools and park. Lots of potential here to make this home your own. Close to award winning Abby Reinke elementary school, Temecula middle school shopping and easy commute. Enjoy the all the wonderful amenities of Paseo del Sol which include two club houses, exercise rooms and 5 pools, tennis courts, parks and miles of walking trails. Temecula Valley Unified School District is top rated. Just a short drive away is Old Town Temecula, Temecula Wine Country and Pechanga Resort and Casino. Come make Temecula your new home and enjoy a quality of life most people dream of. New handcrafted exterior window shutters, front and back. Front security screen doors. New shutters and blinds throughout. Newer stainless kitchen appliances, newer hot water heater, HVAC is less than two years old. Automatic sprinklers, lower tax rate, LED lighting, upstairs laundry, tile flooring down stairs and newer carpet.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$427,500$522,500$475,000

PURCHASE PRICE

$1,908$2,332$2,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,120
EXPENSES Loan Payment -$1,650
Property Tax -$498
Property Insurance -$66
HOA -$97
Property Management Fees -$125
CASH FLOW
-$317

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.

$475,000

PROJECTED PRICE

$2,120

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$131,625

INVESTMENT

$131,625

Down Payment
$118,750
Rehab Estimate
$5,750
Closing Costs
$7,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,650

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $118,750
Loan Amount $356,250
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$6,639

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,120

    LIST RENT
  • $1.31

    LIST RENT PER SQFT
  • $2,241

    COMP ESTIMATED VALUE
  • $1.38

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,1203$2,2004$2,2255$2,350
$2,350
RENT COMPS ANALYSIS
  • 43832 Calabro Street Temecula, CA 2
    • 3 beds 3 baths ∙ 1,621 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,621 Sqft ∙ Built 1999
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,120
    • $1.31
    •  
  • 43116 Camino Casillas Temecula, CA 1
    • 3 beds 3 baths ∙ 1,508 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,508 Sqft ∙ Built 1991
    property image
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.39
    •  
  • 43153 Barsanti Drive Temecula, CA 3
    • 3 beds 3 baths ∙ 1,580 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,580 Sqft ∙ Built 2001
    property image
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.39
    •  
  • 32495 Bergamo Court Temecula, CA 4
    • 3 beds 3 baths ∙ 1,621 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,621 Sqft ∙ Built 1999
    property image
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,225
    • $1.37
    •  
  • 33028 Harmony Lane Temecula, CA 5
    • 4 beds 3 baths ∙ 1,700 Sqft ∙ Built 1998 4 beds 3 baths ∙ 1,700 Sqft ∙ Built 1998
    property image
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.38
    •  
PROPERTY LISTING DETAILS
Dale Machen
Helpusell Experts Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW21049105
Last Updated: 03/20/2021
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