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PROPERTY INFO
FACTS
- Single Family
- Built In 1988
- Price/Sqft : $273.54
- 6 Days on Market
- MLS # : 200053520
- Updated Date : 12/08/2020 at 17:25
CONSTRUCTION
- Beds : 4
- Floor Size : 1,901 sqft
- Baths : 2 full , 1 half
Listing Agent
Pacific Rim Property Mgmt
Listing Agent's Description
Make this completely upgraded beauty your next home, located in Woodcrest Country in central Temecula. Features 4BD and 2.5BA 3CAR garage with a large fenced back yard for entertaining and big enough to accommodate a future pool or for RV parking. Conveniently located to the Promenade Mall, dining, schools, parks with easy access to I-15. This home has no HOA fees and in the low tax rate area. Upgrades include quartz counter tops in kitchen and bathrooms, shaker cabinets, stainless steel appliances. Large open floor plan with lots of natural lighting, laminate wood flooring, high ceilings, carpet upstairs, walk in pantry, large master suite with walk in closet and his/hers sinks. Conveniently located in Central Temecula and close to Old Town shopping, dining and wine country. Equipment: Garage Door Opener, Washer Other Fees: 0 Sewer: Sewer Connected Topography: LL
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MARKET HIGHLIGHTS
- 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.
- 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)
PRICE & RENT TRENDS
Zip Code: 92591
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 92591
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,250 |
| EXPENSES | Loan Payment | -$1,919 |
| Property Tax | -$578 | |
| Property Insurance | -$73 | |
| Property Management Fees | -$133 | |
|
CASH FLOW
-$452
|
||
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.
$520,000
PROJECTED PRICE
$2,250
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.95% |
| Appreciation Year (1-5) | 5.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.35% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$143,550
LOAN DETAILS
$1,919
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $130,000 |
| Loan Amount | $390,000 |
1.58
YEARS SAVED
$5,679
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,250
LIST RENT -
$1.18
LIST RENT PER SQFT
-
$2,238
COMP ESTIMATED VALUE -
$1.18
COMP AVG. RENT PER SQFT
Comps Range
-
29648 Amwood Temecula, CA 3
- 4 beds 3 baths ∙ 1,901 Sqft ∙ Built 1988 4 beds 3 baths ∙ 1,901 Sqft ∙ Built 1988
![property image]()
- Rent
- Rent Per SQFT
- $2,250
- $1.18
-
42014 Acacia Way Temecula, CA 1
- 3 beds 3 baths ∙ 1,922 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,922 Sqft ∙ Built 2000
![property image]()
LEASED 05/22/20- Rent
- Rent Per SQFT
- $2,050
- $1.07
-
42171 Orange Blossom Drive Temecula, CA 2
- 3 beds 3 baths ∙ 1,787 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,787 Sqft ∙ Built 2000
![property image]()
LEASED 01/09/20- Rent
- Rent Per SQFT
- $2,150
- $1.20
-
29688 Ramsey Court Temecula, CA 4
- 4 beds 3 baths ∙ 1,856 Sqft ∙ Built 1988 4 beds 3 baths ∙ 1,856 Sqft ∙ Built 1988
![property image]()
LEASED 07/24/20- Rent
- Rent Per SQFT
- $2,350
- $1.27
-
42145 Calabria Drive Temecula, CA 5
- 3 beds 3 baths ∙ 2,060 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,060 Sqft ∙ Built 2001
![property image]()
LEASED 09/30/20- Rent
- Rent Per SQFT
- $2,400
- $1.17
PROPERTY LISTING DETAILS
Pacific Rim Property Mgmt
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: 200053520
Last Updated: 12/08/2020
