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46012 Via La Colorada Temecula, CA 92592

4 Beds 3 Baths 2,576 sqft Built 1998

$595,000

List Price

$2,500

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $230.98
  • 5 Days on Market
  • MLS # : IG21061598
  • Updated Date : 03/27/2021 at 05:10
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,576 sqft
  • Baths : 3 full
Listing Agent

Re/max Top Producers

Listing Agent's Description

This beautiful two-story home is located in the highly sought-after Redhawk community of South Temecula.. This home comes with 4 bedrooms, 3 full baths, which includes one downstairs bedroom and full bathroom. As you enter you will notice the high ceilings with neutral custom paint colors that bring you into the formal living room and formal dining room. The kitchen comes with tons of cabinet and counter space which includes a beautiful granite island. Kitchen also opens up to the family room with fireplace which makes it great for entertaining. Upstairs you will find the master bedroom with walk-in closets and a huge master bathroom. The beautiful private backyard has been fully landscaped and has no rear neighbors. The backyard is very inviting for all of your summer BBQ's. This home has everything you need: great location, walking distance to elementary schools, and Great Oak High schools, low HOA, low taxes, close to shopping, freeway access, Old Town Temecula and Wineries. Come check it out! This property is a must see!

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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: Temecula Ranchos

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650kPrice in $149k671k

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

Neighborhood: Temecula Ranchos

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q212001400160018002000220024002600Rent in $10822646

* 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
Helen Hunt Jackson Elementary School Primary Regular 425 16 9
Erle Stanley Gardner Middle School Middle Regular 1,076 41 9
Great Oak High School High Regular 3,621 130 10

Helen Hunt Jackson Elementary School

  • Education Level: Primary
  • # of students: 425
  • # of teachers: 16
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
 

$535,500$654,500$595,000

PURCHASE PRICE

$2,250$2,750$2,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,500
EXPENSES Loan Payment -$2,067
Property Tax -$714
Property Insurance -$90
HOA -$35
Property Management Fees -$148
CASH FLOW
-$553

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.

$595,000

PROJECTED PRICE

$2,500

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 4.9%
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

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$163,425

INVESTMENT

$163,425

Down Payment
$148,750
Rehab Estimate
$5,750
Closing Costs
$8,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,067

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $148,750
Loan Amount $446,250
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$2,764

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,500

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $2,685

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,5003$2,5004$2,8505$2,900
$2,900
RENT COMPS ANALYSIS
  • 46012 Via La Colorada Temecula, CA 3
    • 4 beds 3 baths ∙ 2,576 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,576 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.97
    •  
  • 46249 Via La Colorada Temecula, CA 1
    • 3 beds 3 baths ∙ 2,386 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,386 Sqft ∙ Built 2003
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.01
    •  
  • 32271 Cask Lane Temecula, CA 2
    • 4 beds 3 baths ∙ 2,456 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,456 Sqft ∙ Built 2016
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.02
    •  
  • 46008 Paseo Gallante Temecula, CA 4
    • 4 beds 3 baths ∙ 2,742 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,742 Sqft ∙ Built 1998
    LEASED 02/25/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.04
    •  
  • 46157 Via La Tranquila Temecula, CA 5
    • 4 beds 3 baths ∙ 2,648 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,648 Sqft ∙ Built 2005
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.10
    •  
PROPERTY LISTING DETAILS
Rudy Cantoran
Re/max Top Producers
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IG21061598
Last Updated: 03/27/2021
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