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22960 Quai Circle 
Wildomar, CA
92595
3 Beds 2 Baths 1,325 sqft
Built 1987
INVESTimate
$385,000
List Price
$107,775
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PROPERTY INFO
FACTS
- Built In 1987
- Price/Sqft : $290.57
- 13 Days on Market
- MLS # : SW20165628
- Updated Date : 08/24/2020 at 15:18
CONSTRUCTION
- Beds : 3
- Floor Size : 1,325 sqft
- Baths : 2 full
Listing Agent
Drive Real Estate
Listing Agent's Description
Bring your RV, bring your toys to Wildomar! Charming home on large lot is just waiting for you to put your stamp on it. Open floor plan and tall ceilings lend a gracious air to this cozy home, as does the brick fireplace. Hard floors throughout, fresh white cabinets, and lots of architectural features make this home unique. All three bedrooms have spacious walk-in closets. Property is nestled toward the back of a cul de sac and has an oversized side yard with plenty of room for an RV, a boat, or whatever your heart desires. The park-like backyard also comes with covered patio and plantings, citrus orchard, fire pit, and plenty of room, ready for you to relax. The front yard can be whatever you want it to be- Drought resistant? You got it! Lush grass? You got it! You’re only limited by your imagination!
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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: Windsong Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Windsong Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,850 |
| EXPENSES | Loan Payment | -$1,420 |
| Property Tax | -$347 | |
| Property Insurance | -$59 | |
| Property Management Fees | -$109 | |
|
CASH FLOW
-$86
|
||
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.
$385,000
PROJECTED PRICE
$1,850
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 5.41% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.43% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$107,775
LOAN DETAILS
$1,420
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $96,250 |
| Loan Amount | $288,750 |
4.58
YEARS SAVED
$21,820
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,850
LIST RENT -
$1.4
LIST RENT PER SQFT
-
$1,858
COMP ESTIMATED VALUE -
$1.4
COMP AVG. RENT PER SQFT
Comps Range
-
22960 Quai Circle Wildomar, 3
- 3 beds 2 baths ∙ 1,325 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,325 Sqft ∙ Built 1987
- Rent
- Rent Per SQFT
- $1,850
- $1.40
-
33859 Canyon Ranch Road Wildomar, 1
- 3 beds 2 baths ∙ 1,270 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,270 Sqft ∙ Built 1990
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,695
- $1.33
-
33697 Breckenridge Wildomar, 2
- 3 beds 2 baths ∙ 1,270 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,270 Sqft ∙ Built 1990
LEASED 05/15/20- Rent
- Rent Per SQFT
- $1,800
- $1.42
-
21788 Poinsettia Lane Wildomar, 4
- 4 beds 2 baths ∙ 1,443 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,443 Sqft ∙ Built 2001
LEASED 07/26/20- Rent
- Rent Per SQFT
- $2,025
- $1.40
-
21840 Carnation Lane Wildomar, 5
- 3 beds 2 baths ∙ 1,443 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,443 Sqft ∙ Built 2001
LEASED 03/02/20- Rent
- Rent Per SQFT
- $2,100
- $1.46
PROPERTY LISTING DETAILS
Drive Real Estate
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: SW20165628
Last Updated: 08/24/2020
