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PROPERTY INFO
FACTS
- Single Family
- Built In 1993
- Price/Sqft : $300.23
- 2 Days on Market
- MLS # : SW21019742
- Updated Date : 01/30/2021 at 08:17
CONSTRUCTION
- Beds : 3
- Floor Size : 1,332 sqft
- Baths : 2 full , 1 half
Listing Agent
Signature Real Estate Group
Listing Agent's Description
WHAT THE…I know right? The listing says it is a “CONDO” but when you pull up to the community and you see that they all look like regular homes with NO connecting walls, it’s like, WTH? Sure, the lot size might not be some sort of gargantuan oasis, but apparently some really so-called “smart” people thought they would classify this as a “condo” instead of a Single-Family Residence, even though there are NO common/connecting walls. SIGH. Gosh darn those “smart people.” Anyhow, this 1,332sf/3 bedroom/2.5 bath “condo” (emphasis on double crunching bunny ears) is the HOTTEST buy in South Temecula in the gated community of Country Glen, it sure seems like a ‘normal home’ but I digress. Heck, it checks all of the boxes: South Temecula, close to the 15 freeway for San Diego Commuters; located near just about any shopping facility you could possibly want (like wanna get sandwiches from Jersey Mikes before you head to Home Depot or Wal Mart or going to the Temecula Valley Hospital before a ‘minor procedure’? Psssh, less than a half mile away. Heck, you could even WALK to Taco Bell…Not sure what the value increase is on something like that, but surely, it’s worth something?). Got kids and want them to be all smart and stuff? You’re in luck; this home feeds into GREAT OAK HS, Vail Ranch MS and Pauba Valley ES. This home is dialed in and ready for you. MAKE AN OFFER TODAY. It's hard to find a home in this price range in Temecula. Hopefully this is the one you've been waiting for...
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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: Arbor Glen
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Arbor Glen
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,870 |
| EXPENSES | Loan Payment | -$1,389 |
| Property Tax | -$422 | |
| Property Insurance | -$59 | |
| HOA | -$130 | |
| Property Management Fees | -$110 | |
|
CASH FLOW
-$241
|
||
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.
$399,900
PROJECTED PRICE
$1,870
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.95% |
| Appreciation Year (1-5) | 6.1% |
| 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
$111,724
LOAN DETAILS
$1,389
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $99,975 |
| Loan Amount | $299,925 |
2.25
YEARS SAVED
$6,493
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,870
LIST RENT -
$1.4
LIST RENT PER SQFT
-
$1,762
COMP ESTIMATED VALUE -
$1.32
COMP AVG. RENT PER SQFT
Comps Range
-
44645 Ashbury Place Murrieta, CA 1
- 3 beds 3 baths ∙ 1,332 Sqft ∙ Built 1993 3 beds 3 baths ∙ 1,332 Sqft ∙ Built 1993
- Rent
- Rent Per SQFT
- $1,870
- $1.40
-
44960 Bellowflower Lane Temecula, CA 2
- 3 beds 3 baths ∙ 1,582 Sqft ∙ Built 2011 3 beds 3 baths ∙ 1,582 Sqft ∙ Built 2011
LEASED 05/09/20- Rent
- Rent Per SQFT
- $1,975
- $1.25
-
31890 Calle Ballentine Temecula, CA 3
- 3 beds 3 baths ∙ 1,664 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,664 Sqft ∙ Built 1997
LEASED 01/31/20- Rent
- Rent Per SQFT
- $2,175
- $1.31
-
45311 Callesito Ordenes Temecula, CA 4
- 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1997
LEASED 01/17/20- Rent
- Rent Per SQFT
- $2,200
- $1.38
-
43450 Via Barrozo Temecula, CA 5
- 3 beds 3 baths ∙ 1,630 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,630 Sqft ∙ Built 1994
LEASED 06/23/20- Rent
- Rent Per SQFT
- $2,200
- $1.35
PROPERTY LISTING DETAILS
Signature Real Estate Group
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: SW21019742
Last Updated: 01/30/2021
