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44099 Festivo Street Temecula, CA 92592

5 Beds 3 Baths 2,297 sqft Built 2000

INVESTimate

$524,900

List Price

$2,400

$2,160 - $2,640

Rent Est.

$558,546  ( +6.41%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2000
  • Price/Sqft : $228.52
  • 16 Days on Market
  • MLS # : SW20162274
  • Updated Date : 08/24/2020 at 10:45
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,297 sqft
  • Baths : 3 full
Listing Agent

Big Block Realty

Listing Agent's Description

PASEO DEL SOL HOME w/ SOLAR INCLUDED!! View the 360 Tour: https://my.matterport.com/show/?m=EC7mVxA9Y5Y. 2297 Sq. ft w/ Open Floorplan. FULLY REMODELED KITCHEN. Large Kitchen Island, Stainless Appliances (Refrigerator included), Huge Stainless Farm sink & Walk in Pantry. Formal Living & Dining Rooms + Family Rm w/ Fireplace. Main Level Bedroom w/ Murphy Bed, so Perfect for Office to Bedroom + Bath w/ Shower on Main Level. 4 Bedrooms including the Master Suite upstairs. Laundry Rm upstairs. Spacious Backyard w/ Patio Cover & Shed. Solar Panels and All the Savings Benefit for having Solar energy CONVEY w/ this Home. Plus, Tankless Water Heater installed. 3 Car Tandem Garage w/ Work Bench & Flat Screen TV included. Paseo Del Sol has LOW LOW TAXES, Miles of walking trails, 3 Pools, Tennis Court, Fitness Centers, Parks & More. This home has a Great Location. Close to all Amenities in South Temecula. Come View Today!

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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
 

$472,410$577,390$524,900

PURCHASE PRICE

$2,160$2,640$2,400

RENT

DOWN PAYMENT
FINANCING

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

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,400
EXPENSES Loan Payment -$1,937
Property Tax -$551
Property Insurance -$83
HOA -$102
Property Management Fees -$142
CASH FLOW
-$414

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.

$524,900

PROJECTED PRICE

$2,400

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 6.41%
Maintenance Year (1-5) 8.00%
Vacancy 5.35%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$144,849

INVESTMENT

$144,849

Down Payment
$131,225
Rehab Estimate
$5,750
Closing Costs
$7,874

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,937

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $131,225
Loan Amount $393,675
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$7,280

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,400

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $2,492

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$2,350
1$2,3502$2,4003$2,4004$2,5505$2,600
$2,600
RENT COMPS ANALYSIS
  • 44099 Festivo Street Temecula, 3
    • 5 beds 3 baths ∙ 2,297 Sqft ∙ Built 2000 5 beds 3 baths ∙ 2,297 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.04
    •  
  • 45053 Corte Zorita Temecula, 1
    • 4 beds 3 baths ∙ 2,118 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,118 Sqft ∙ Built 1993
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.11
    •  
  • 44064 Terraza Court Temecula, 2
    • 5 beds 4 baths ∙ 2,340 Sqft ∙ Built 2002 5 beds 4 baths ∙ 2,340 Sqft ∙ Built 2002
    LEASED 10/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.03
    •  
  • 32947 Novara Court Temecula, 4
    • 4 beds 3 baths ∙ 2,382 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,382 Sqft ∙ Built 2000
    LEASED 02/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.07
    •  
  • 32235 Corte Illora Temecula, 5
    • 5 beds 3 baths ∙ 2,301 Sqft ∙ Built 1998 5 beds 3 baths ∙ 2,301 Sqft ∙ Built 1998
    LEASED 01/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.13
    •  
PROPERTY LISTING DETAILS
Lori Cutka
Big Block Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW20162274
Last Updated: 08/24/2020
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