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46438 Vianne Court Temecula, CA 92592

3 Beds 3 Baths 2,386 sqft Built 2004

$634,000

List Price

$2,440

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $265.72
  • 6 Days on Market
  • MLS # : IG21061204
  • Updated Date : 03/25/2021 at 15:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,386 sqft
  • Baths : 2 full , 1 half
Listing Agent

Better Homes Of Southern California

Listing Agent's Description

HAPPINESS IS YOU making this marvelous home yours! This is a great address located on a corner lot and a cul-de-sac. If your emphasis is on education, you will be happy with the Temecula Valley school district it is highly respected and desired, which includes Great Oak High School. This home offers upgrades that are important and esthetically desired. The moment you pull up and open the door you will most certainly be WOWED! On the lower level are your formal living and dining rooms, family room which opens to the bright and cheery kitchen with a center island. The stairs and landing are covered with Life proof sterling oak flooring and the 2 flex rooms you can use them as a private office and bonus room. Brand new Mohawk carpeting is in the bedrooms, no expense spared here. Paid solar and whole house fan will keep your utilities to a minimum. The Master bedroom has built-in Quartz and wood cabinets. This is a SMART home. You must request a list of the upgrades, too many to include in this description! Red Hawk is a coveted community, you are within walking distance to Birdsall Sports Park, the commute is nearby, shopping, restaurants, wineries, Temecula Old Town, Pechanga, golf courses, and all the beauty Temecula Valley has to offer.

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: 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
 

$570,600$697,400$634,000

PURCHASE PRICE

$2,196$2,684$2,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,440
EXPENSES Loan Payment -$2,202
Property Tax -$761
Property Insurance -$85
HOA -$35
Property Management Fees -$144
CASH FLOW
-$787

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.

$634,000

PROJECTED PRICE

$2,440

PROJECTED RENT

0.38%

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$1.8M

PROJECTED ANNUAL CASH FLOW

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

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$173,760

INVESTMENT

$173,760

Down Payment
$158,500
Rehab Estimate
$5,750
Closing Costs
$9,510

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,202

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $158,500
Loan Amount $475,500
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$273

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,440

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $2,452

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,4403$2,5004$2,5005$2,600
$2,600
RENT COMPS ANALYSIS
  • 46438 Vianne Court Temecula, CA 2
    • 3 beds 3 baths ∙ 2,386 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,386 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,440
    • $1.02
    •  
  • 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
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.01
    •  
  • 32271 Cask Lane Temecula, CA 3
    • 4 beds 3 baths ∙ 2,456 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,456 Sqft ∙ Built 2016
    property image
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.02
    •  
  • 46048 Drymen Avenue Temecula, CA 4
    • 3 beds 3 baths ∙ 2,386 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,386 Sqft ∙ Built 2003
    property image
    LEASED 10/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.05
    •  
  • 46284 Grass Meadow Way Temecula, CA 5
    • 3 beds 3 baths ∙ 2,517 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,517 Sqft ∙ Built 2007
    property image
    LEASED 01/11/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.03
    •  
PROPERTY LISTING DETAILS
Donna Richards
Better Homes Of Southern California
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IG21061204
Last Updated: 03/25/2021
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