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44820 Bananal Temecula, CA 92592

4 Beds 3 Baths 1,798 sqft Built 1994

$528,800

List Price

$2,250

$2K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $294.10
  • 4 Days on Market
  • MLS # : SW21056479
  • Updated Date : 03/19/2021 at 20:17
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,798 sqft
  • Baths : 3 full
Listing Agent

Fathom Realty Group Inc.

Listing Agent's Description

Welcome to this beautiful and immaculate 4 bedroom 3 full bath home in the highly sought after community of Vail Ranch located in South Temecula. Home has been recently updated with new vinyl flooring in the entry, living room, dining and bedroom 4 downstairs. The spacious backyard is fully manicured with full mature pomegranate and lemon trees that line the fence with plenty of room to entertain friends and family. The 10x12 Tuff Shed provides extra storage. The exterior and interior of home have been freshly painted in addition to a newly added water heater and a Nest thermostat make this home move-in ready! NO HOA fees, LOW taxes and located within the award winning GREAT OAK HIGH SCHOOL district. Close to Old Town Temecula, Pechanga, Temecula wineries and all major shopping. This home will not last and is sure to sell quick!

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: Vail Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $149k614k

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

Neighborhood: Vail Ranch

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
Pauba Valley Elementary School Primary Regular 572 23 9
Vail Ranch Middle School Middle Regular 1,149 45 8
Great Oak High School High Regular 3,621 130 10

Pauba Valley Elementary School

  • Education Level: Primary
  • # of students: 572
  • # of teachers: 23
9
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
 

$475,920$581,680$528,800

PURCHASE PRICE

$2,025$2,475$2,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,250
EXPENSES Loan Payment -$1,837
Property Tax -$576
Property Insurance -$71
Property Management Fees -$133
CASH FLOW
-$366

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.

$528,800

PROJECTED PRICE

$2,250

PROJECTED RENT

0.43%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$145,882

INVESTMENT

$145,882

Down Payment
$132,200
Rehab Estimate
$5,750
Closing Costs
$7,932

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,837

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $132,200
Loan Amount $396,600
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$7,348

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,250

    LIST RENT
  • $1.25

    LIST RENT PER SQFT
  • $2,319

    COMP ESTIMATED VALUE
  • $1.29

    COMP AVG. RENT PER SQFT
Comps Range
$2,150
1$2,1502$2,2503$2,3004$2,3505$2,600
$2,600
RENT COMPS ANALYSIS
  • 44820 Bananal Temecula, CA 2
    • 4 beds 3 baths ∙ 1,798 Sqft ∙ Built 1994 4 beds 3 baths ∙ 1,798 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.25
    •  
  • 45251 Paseo Durango Temecula, CA 1
    • 3 beds 2 baths ∙ 1,746 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,746 Sqft ∙ Built 1995
    LEASED 11/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.23
    •  
  • 31925 Via Cordoba Temecula, CA 3
    • 4 beds 3 baths ∙ 1,894 Sqft ∙ Built 1993 4 beds 3 baths ∙ 1,894 Sqft ∙ Built 1993
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.21
    •  
  • 33028 Harmony Lane Temecula, CA 4
    • 4 beds 3 baths ∙ 1,700 Sqft ∙ Built 1998 4 beds 3 baths ∙ 1,700 Sqft ∙ Built 1998
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.38
    •  
  • 33601 Maplewood Court Temecula, CA 5
    • 4 beds 3 baths ∙ 1,935 Sqft ∙ Built 1999 4 beds 3 baths ∙ 1,935 Sqft ∙ Built 1999
    LEASED 03/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.34
    •  
PROPERTY LISTING DETAILS
Anthony King
Fathom Realty Group Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW21056479
Last Updated: 03/19/2021
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