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45049 Corte Rosa Temecula, CA 92592

5 Beds 3 Baths 2,818 sqft Built 1993

$579,000

List Price

$2,670

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1993
  • Price/Sqft : $205.46
  • 7 Days on Market
  • MLS # : SW20227935
  • Updated Date : 11/02/2020 at 15:24
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,818 sqft
  • Baths : 3 full
Listing Agent

Team Forss Realty Group

Listing Agent's Description

This is a beautiful 5 bedroom POOL(private) home with loft/office on a cul de sac with Low taxes, low HOA, 3 car garage . There is a community pool as well. Located in the sought after area of Redhawk that feeds into the award winning Great Oak Highschool. There is a grand tiled entry that has a sunken living room and gorgeus staircase. The kitchen is highly upgraded with slab granite, stainless steel appliances, crown moulding and it opens up to the familyroom with built in entertainment center, fireplace, more crown moulding & tile floors. There is access to the large lot and pool from downstairs and upstairs. The master bedroom has a private access to the balcony with view & outdoor stairs down to the pool & BBQ area. The loft area has a skylight which brightens up the 2nd floor. There is a ton of storage through out this home & this one is meant for entertaining. We realize that the pictures do not do this home justice however that is all that were available by seller. The home shows wonderful!! ** Please do not disturb occupants ** Available to be seen approx Dec 2, 2020 ** Offers subject to inspection

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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: Arbor Glen

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $149k620k

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

Neighborhood: Arbor Glen

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
Red Hawk Elementary School Primary Regular 524 21 9
Erle Stanley Gardner Middle School Middle Regular 1,076 41 9
Great Oak High School High Regular 3,621 130 10

Red Hawk Elementary School

  • Education Level: Primary
  • # of students: 524
  • # of teachers: 21
9
GreatSchools Rating

Erle Stanley Gardner Middle School

  • Education Level: Middle
  • # of students: 1,076
  • # of teachers: 41
9
GreatSchools Rating

Great Oak High School

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

$521,100$636,900$579,000

PURCHASE PRICE

$2,403$2,937$2,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,670
EXPENSES Loan Payment -$2,136
Property Tax -$627
Property Insurance -$95
HOA -$53
Property Management Fees -$158
CASH FLOW
-$399

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.

$579,000

PROJECTED PRICE

$2,670

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 6.1%
Maintenance Year (1-5) 8.00%
Vacancy 5.35%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
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$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$159,185

INVESTMENT

$159,185

Down Payment
$144,750
Rehab Estimate
$5,750
Closing Costs
$8,685

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,136

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $144,750
Loan Amount $434,250
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$11,263

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,670

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $2,726

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$2,596
1$2,5962$2,6503$2,6504$2,6705$2,800
$2,800
RENT COMPS ANALYSIS
  • 45049 Corte Rosa Temecula, CA 4
    • 5 beds 3 baths ∙ 2,818 Sqft ∙ Built 1993 5 beds 3 baths ∙ 2,818 Sqft ∙ Built 1993
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,670
    • $0.95
    •  
  • 45479 Hawk Court Temecula, CA 1
    • 4 beds 3 baths ∙ 2,632 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,632 Sqft ∙ Built 2005
    property image
    LEASED 01/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,596
    • $0.99
    •  
  • 31916 Penguin Place Temecula, CA 2
    • 4 beds 3 baths ∙ 2,847 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,847 Sqft ∙ Built 2005
    property image
    LEASED 01/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.93
    •  
  • 32108 Paseo Parallon Temecula, CA 3
    • 4 beds 3 baths ∙ 2,761 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,761 Sqft ∙ Built 1991
    property image
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.96
    •  
  • 45272 Callesito Ordenes Temecula, CA 5
    • 5 beds 3 baths ∙ 2,837 Sqft ∙ Built 1998 5 beds 3 baths ∙ 2,837 Sqft ∙ Built 1998
    property image
    LEASED 12/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.99
    •  
PROPERTY LISTING DETAILS
Goran Forss
Team Forss Realty Group
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW20227935
Last Updated: 11/02/2020
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