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29648 Amwood Temecula, CA 92591

4 Beds 3 Baths 1,901 sqft Built 1988

$520,000

List Price

$2,250

$2K - $2.5K

Rent Est.

PROPERTY INFO

December 09, 2020 RECENTLY ADDED
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

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $149k614k

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

Zip Code: 92591

ZipNIR 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
Temecula Elementary School Primary Regular 632 26 5
James L. Day Middle School Middle Regular 994 38 8
Chaparral High School High Regular 3,237 120 9

Temecula Elementary School

  • Education Level: Primary
  • # of students: 632
  • # of teachers: 26
5
GreatSchools Rating

James L. Day Middle School

  • Education Level: Middle
  • # of students: 994
  • # of teachers: 38
8
GreatSchools Rating

Chaparral High School

  • Education Level: High
  • # of students: 3,237
  • # of teachers: 120
9
GreatSchools Rating
 

$468,000$572,000$520,000

PURCHASE PRICE

$2,025$2,475$2,250

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$143,550

INVESTMENT

$143,550

Down Payment
$130,000
Rehab Estimate
$5,750
Closing Costs
$7,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,919

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $130,000
Loan Amount $390,000
See What Happens When You Reinvest Cash Flow

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
$2,050
1$2,0502$2,1503$2,2504$2,3505$2,400
$2,400
RENT COMPS ANALYSIS
  • 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
Rebecca Granger
Pacific Rim Property Mgmt
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: 200053520
Last Updated: 12/08/2020
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