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31116 Tecumseh Court Temecula, CA 92592

3 Beds 3 Baths 1,294 sqft Built 1991

$426,900

List Price

$1,820

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 1991
  • Price/Sqft : $329.91
  • 4 Days on Market
  • MLS # : IG20233382
  • Updated Date : 11/05/2020 at 11:39
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,294 sqft
  • Baths : 2 full , 1 half
Listing Agent

Active Realty

Listing Agent's Description

Beautiful 3 bedroom, 2.5 bathroom, 2 story home in the community of Temecula! Enjoy a front porch to the formal entryway and open floor plan. The high ceilings allow for lots of natural light and embrace the inviting rock fireplace. The kitchen offers elegant white cabinetry, white appliances, a breakfast bar, and sliding doors to the covered outdoor patio and gazebo. The primary bedroom features carpet flooring, spacious closets, and a walk-in shower. Additional property highlights include the 2 car garage with built-in cabinetry, the private outdoor gazebo, and no HOA. Convenient to the Temecula wine region and major roads!

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: Redhawk

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $149k620k

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

Neighborhood: Redhawk

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
Temecula Luiseno Elementary School Primary Regular 1,013 39 8
Erle Stanley Gardner Middle School Middle Regular 1,076 41 9
Great Oak High School High Regular 3,621 130 10

Temecula Luiseno Elementary School

  • Education Level: Primary
  • # of students: 1,013
  • # of teachers: 39
8
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
 

$384,210$469,590$426,900

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$1,575
Property Tax -$455
Property Insurance -$59
Property Management Fees -$107
CASH FLOW
-$376

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.

$426,900

PROJECTED PRICE

$1,820

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 7.7%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$118,879

INVESTMENT

$118,879

Down Payment
$106,725
Rehab Estimate
$5,750
Closing Costs
$6,404

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,575

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $106,725
Loan Amount $320,175
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$4,495

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,820

    LIST RENT
  • $1.41

    LIST RENT PER SQFT
  • $1,828

    COMP ESTIMATED VALUE
  • $1.41

    COMP AVG. RENT PER SQFT
Comps Range
$1,820
1$1,8202$2,0003$2,1504$2,2005$2,250
$2,250
RENT COMPS ANALYSIS
  • 31116 Tecumseh Court Temecula, CA 1
    • 3 beds 3 baths ∙ 1,294 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,294 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $1,820
    • $1.41
    •  
  • 44888 Poppy Ridge Drive Temecula, CA 2
    • 3 beds 3 baths ∙ 1,411 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,411 Sqft ∙ Built 2007
    LEASED 07/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.42
    •  
  • 45009 Muirfield Drive Temecula, CA 3
    • 3 beds 3 baths ∙ 1,502 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,502 Sqft ∙ Built 1997
    LEASED 12/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.43
    •  
  • 45311 Callesito Ordenes Temecula, CA 4
    • 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1997
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.38
    •  
  • 31880 Corte Sagunto Temecula, CA 5
    • 4 beds 3 baths ∙ 1,587 Sqft ∙ Built 1994 4 beds 3 baths ∙ 1,587 Sqft ∙ Built 1994
    LEASED 02/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.42
    •  
PROPERTY LISTING DETAILS
Justin Tye
Active Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IG20233382
Last Updated: 11/05/2020
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