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44273 Marcelina Court Temecula, CA 92592

5 Beds 4 Baths 2,877 sqft Built 2012

$750,000

List Price

$2,930

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $260.69
  • 5 Days on Market
  • MLS # : TR21017661
  • Updated Date : 01/27/2021 at 15:07
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,877 sqft
  • Baths : 4 full
Listing Agent

Homequest Real Estate

Listing Agent's Description

Open and bright house at the prestigous Morgan Hill Community.This home offer 5bedroom and 4 bathroom,and can be 6bedroom.This home also has solar that lease contract must be transfered to new buyer aprox 150usd per month.Laminate on the 2nd floor and stone on the first floor. Artificial grass landscape for easy maintenence in the front yard and side yard for miniature golf.This home also has balcony and balcony cover. Barn door in the master bedroom. This property has lots of upgrade Must see property.

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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: Morgan Hill

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750k800k850kPrice in $149k858k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Morgan Hill

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2120014001600180020002200240026002800Rent in $10822930

* 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
Tony Tobin Elementary School Primary Regular 859 32 8
Vail Ranch Middle School Middle Regular 1,149 45 8
Great Oak High School High Regular 3,621 130 10

Tony Tobin Elementary School

  • Education Level: Primary
  • # of students: 859
  • # of teachers: 32
8
GreatSchools Rating

Vail Ranch Middle School

  • Education Level: Middle
  • # of students: 1,149
  • # of teachers: 45
8
GreatSchools Rating

Great Oak High School

  • Education Level: High
  • # of students: 3,621
  • # of teachers: 130
10
GreatSchools Rating
 

$675,000$825,000$750,000

PURCHASE PRICE

$2,637$3,223$2,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,930
EXPENSES Loan Payment -$2,605
Property Tax -$887
Property Insurance -$97
HOA -$99
Property Management Fees -$173
CASH FLOW
-$930

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.

$750,000

PROJECTED PRICE

$2,930

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 7.0%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$204,500

INVESTMENT

$204,500

Down Payment
$187,500
Rehab Estimate
$5,750
Closing Costs
$11,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,605

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $187,500
Loan Amount $562,500
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$319

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,930

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $3,193

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$2,900
1$2,9002$2,9303$3,4004$3,4005$3,400
$3,400
RENT COMPS ANALYSIS
  • 44273 Marcelina Court Temecula, CA 2
    • 5 beds 4 baths ∙ 2,877 Sqft ∙ Built 2012 5 beds 4 baths ∙ 2,877 Sqft ∙ Built 2012
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,930
    • $1.02
    •  
  • 44704 Mumm Street Temecula, CA 1
    • 5 beds 4 baths ∙ 2,726 Sqft ∙ Built 2005 5 beds 4 baths ∙ 2,726 Sqft ∙ Built 2005
    property image
    LEASED 09/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.06
    •  
  • 34202 Hourglass Street Temecula, CA 3
    • 5 beds 4 baths ∙ 3,036 Sqft ∙ Built 2015 5 beds 4 baths ∙ 3,036 Sqft ∙ Built 2015
    property image
    LEASED 03/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.12
    •  
  • 44269 Phelps Street Temecula, CA 4
    • 4 beds 4 baths ∙ 3,002 Sqft ∙ Built 2013 4 beds 4 baths ∙ 3,002 Sqft ∙ Built 2013
    property image
    LEASED 06/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.13
    •  
  • 34282 Hourglass Street Temecula, CA 5
    • 4 beds 4 baths ∙ 3,003 Sqft ∙ Built 2015 4 beds 4 baths ∙ 3,003 Sqft ∙ Built 2015
    property image
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.13
    •  
PROPERTY LISTING DETAILS
Mariana Sumampouw
Homequest Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: TR21017661
Last Updated: 01/27/2021
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