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30839 Brassie Lane Temecula, CA 92591

5 Beds 3 Baths 2,456 sqft Built 1998

INVESTimate

$579,000

List Price

$2,290

$2,061 - $2,519

Rent Est.

$616,461  ( +6.47%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 1998
  • Price/Sqft : $235.75
  • 8 Days on Market
  • MLS # : SW20161005
  • Updated Date : 08/23/2020 at 05:08
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,456 sqft
  • Baths : 3 full
Listing Agent

Allison James Estates & Homes

Listing Agent's Description

Wonderful Golf Course View home in the popular community of Temeku Hills! Located on the 7th hole of the popular Legends 18 Hole Golf Course. This home sits at the end of a quiet street in the community with plenty of parking for guests. Seller just had a brand new HVAC system installed, so no worries about hot summer or cool winter days! There is also a whole house fan to efficiently cool down the home. This Two Story Home features a Main Floor Bedroom with a Full Bath and the Master and other three Bedrooms are upstairs. Entering the home is a Living Room, Dining Room combination and a spacious Kitchen and Family Room! Upgrades include, Tile and Wood Flooring, Custom Paint, Built-ins and Custom Window Coverings. Enjoy your Beautiful Backyard with Custom Barbeque Area and View of the Golf Course! HOA includes a Beautiful Clubhouse with Game Room, Craft Room, Tot Lot, Two Exercise Rooms with updated Equipment and more. Also included are Tennis/Pickleball Courts and Junior Olympic Pool. Close to Wine Country, Old Town, Shopping and the 15 Freeway! Low Taxes, Low HOA! Please see Virtual Tour.

SEE MORE

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: Margarita Village - Temeku Hills

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $149k614k

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

Neighborhood: Margarita Village - Temeku Hills

NeighborhoodNIR 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
Vintage Hills Elementary School Primary Regular 745 29 8
Margarita Middle School Middle Regular 862 33 7
Temecula Valley High School High Regular 2,722 103 9

Vintage Hills Elementary School

  • Education Level: Primary
  • # of students: 745
  • # of teachers: 29
8
GreatSchools Rating

Margarita Middle School

  • Education Level: Middle
  • # of students: 862
  • # of teachers: 33
7
GreatSchools Rating

Temecula Valley High School

  • Education Level: High
  • # of students: 2,722
  • # of teachers: 103
9
GreatSchools Rating
 

$521,100$636,900$579,000

PURCHASE PRICE

$2,061$2,519$2,290

RENT

DOWN PAYMENT
FINANCING

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-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,290
EXPENSES Loan Payment -$2,136
Property Tax -$600
Property Insurance -$87
HOA -$100
Property Management Fees -$135
CASH FLOW
-$768

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.

$579,000

PROJECTED PRICE

$2,290

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 6.47%
Maintenance Year (1-5) 8.00%
Vacancy 5.35%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$159,185

INVESTMENT

$159,185

Down Payment
$144,750
Rehab Estimate
$5,750
Closing Costs
$8,685

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,136

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $144,750
Loan Amount $434,250
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$304

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,290

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $2,474

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$2,290
1$2,2902$2,4003$2,5504$2,6005$2,680
$2,680
RENT COMPS ANALYSIS
  • 30839 Brassie Lane Temecula, 1
    • 5 beds 3 baths ∙ 2,456 Sqft ∙ Built 1998 5 beds 3 baths ∙ 2,456 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $2,290
    • $0.93
    •  
  • 31097 Nassau Court Temecula, 2
    • 4 beds 3 baths ∙ 2,583 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,583 Sqft ∙ Built 1999
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.93
    •  
  • 30946 Crystalaire Drive Temecula, 3
    • 4 beds 3 baths ∙ 2,590 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,590 Sqft ∙ Built 2000
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.98
    •  
  • 41548 Yankee Run Court Temecula, 4
    • 4 beds 3 baths ∙ 2,561 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,561 Sqft ∙ Built 1989
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.02
    •  
  • 31348 Canterbury Court Temecula, 5
    • 4 beds 3 baths ∙ 2,430 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,430 Sqft ∙ Built 1997
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,680
    • $1.10
    •  
PROPERTY LISTING DETAILS
Joanna O'neill
Allison James Estates & Homes
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW20161005
Last Updated: 08/23/2020
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