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44862 Potestas Dr Temecula, CA 92592

4 Beds 2 Baths 1,364 sqft Built 1993

$469,000

List Price

$1,870

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $343.84
  • 3 Days on Market
  • MLS # : PTP2102056
  • Updated Date : 03/26/2021 at 22:51
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,364 sqft
  • Baths : 2 full
Listing Agent

Century 21 Award

Listing Agent's Description

Enjoy the Temecula lifestyle in this fabulous single-story home. This beautiful 4-bedroom 2-bath home offers a spacious kitchen with custom modern cabinets, granite counter tops, island, stainless steel appliances and overlooks your backyard. Formal living room & dining combo, family room with fireplace, all new interior paint throughout, new flooring in all bedrooms and light fixtures. Brand new roll up garage door was added after the photos! Solar on property. Great pool-size backyard with patio cover. Highly rated school district, close to shopping, restaurants, and wineries. Community is located on the south part of Temecula.

SEE MORE

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: 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
 

$422,100$515,900$469,000

PURCHASE PRICE

$1,683$2,057$1,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,870
EXPENSES Loan Payment -$1,629
Property Tax -$510
Property Insurance -$60
Property Management Fees -$110
CASH FLOW
-$440

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.

$469,000

PROJECTED PRICE

$1,870

PROJECTED RENT

0.40%

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

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$130,035

INVESTMENT

$130,035

Down Payment
$117,250
Rehab Estimate
$5,750
Closing Costs
$7,035

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,629

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $117,250
Loan Amount $351,750
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$2,274

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
  • $1.37

    LIST RENT PER SQFT
  • $1,841

    COMP ESTIMATED VALUE
  • $1.35

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,8703$2,2004$2,2505$2,350
$2,350
RENT COMPS ANALYSIS
  • 44862 Potestas Dr Temecula, CA 2
    • 4 beds 2 baths ∙ 1,364 Sqft ∙ Built 1993 4 beds 2 baths ∙ 1,364 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $1,870
    • $1.37
    •  
  • 33028 Tulley Ranch Road Temecula, CA 1
    • 3 beds 3 baths ∙ 1,412 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,412 Sqft ∙ Built 1998
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.31
    •  
  • 43153 Barsanti Drive Temecula, CA 3
    • 3 beds 3 baths ∙ 1,580 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,580 Sqft ∙ Built 2001
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.39
    •  
  • 31424 Loma Linda Road Temecula, CA 4
    • 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 1995
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.32
    •  
  • 33028 Harmony Lane Temecula, CA 5
    • 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
    •  
PROPERTY LISTING DETAILS
Carrie Baker-bailey
Century 21 Award
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PTP2102056
Last Updated: 03/26/2021
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