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PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $275.10
- 3 Days on Market
- MLS # : SW21018516
- Updated Date : 01/29/2021 at 13:15
CONSTRUCTION
- Beds : 3
- Floor Size : 2,032 sqft
- Baths : 2 full
Listing Agent
Coldwell Banker Assoc.brkr-mur
Listing Agent's Description
SPECTACULAR **SINGLE STORY** POOL/SPA HOME IN THE DESIRABLE **TEMEKU HILLS!** THIS GORGEOUS HOME FEATURES THREE BEDROOMS AND TWO FULL BATHS, PLUS A PERMITTED **SUN ROOM** ADDITION! ENTERING THE HOME YOU WILL NOTICE THE FORMAL LIVING AND DINING AREAS WITH HIGH CEILINGS AND BEAUTIFUL PORCELAIN WOOD-LOOK FLOOR TILE. THE KITCHEN FEATURES A **LARGE ISLAND** WITH SINK AND PLENTY OF ROOM FOR SEATING, LARGE WALK-IN PANTRY, LOTS OF CABINETS, BUILT-IN DESK AND OVERLOOKS THE FAMILY ROOM. THE FAMILY ROOM FEATURES A BEAUTIFUL **TILED FIREPLACE!!** LARGE MASTER SUITE WITH SEATING AREA AND HUGE WALK-IN CLOSET WITH BUILT-IN HAMPER; MASTER BATH FEATURES DUAL VANITIES AND SEPARATE SHOWER WITH SOAKING TUB. BEDROOMS HAVE NEWER NEUTRAL CARPETING. THIS WELL MAINTAINED HOME HAS UPGRADED BASEBOARDS, CROWN MOLDING AND CEILING FANS. LAUNDRY ROOM WITH CABINET STORAGE. THE GARAGE HAS EXTRA STORAGE ABOVE WITH PULL-DOWN LADDER FOR ACCESS. THE TEMEKU HILLS ASSOCIATION OFFERS GOLF, TENNIS, PICKLE BALL, OLYMPIC SIZE POOL, CLUB HOUSE, GYM AND MUCH MORE! LOW ASSOCIATION FEE AND **LOW TAXES!!** THIS HOME IS CONVENIENTLY LOCATED TO SHOPPING, RESTAURANTS AND TEMECULA'S FAMOUS WINE COUNTRY! YOU WON'T WANT TO MISS OUT ON THIS BEAUTY!
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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: Margarita Village - Temeku Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Margarita Village - Temeku Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,410 |
| EXPENSES | Loan Payment | -$1,942 |
| Property Tax | -$580 | |
| Property Insurance | -$76 | |
| HOA | -$100 | |
| Property Management Fees | -$142 | |
|
CASH FLOW
-$430
|
||
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.
$559,000
PROJECTED PRICE
$2,410
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.95% |
| Appreciation Year (1-5) | 6.5% |
| 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
$153,885
LOAN DETAILS
$1,942
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $139,750 |
| Loan Amount | $419,250 |
1.58
YEARS SAVED
$5,705
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,410
LIST RENT -
$1.19
LIST RENT PER SQFT
-
$2,449
COMP ESTIMATED VALUE -
$1.21
COMP AVG. RENT PER SQFT
Comps Range
-
31136 Nassau Court Temecula, CA 2
- 3 beds 2 baths ∙ 2,032 Sqft ∙ Built 1999 3 beds 2 baths ∙ 2,032 Sqft ∙ Built 1999
![property image]()
- Rent
- Rent Per SQFT
- $2,410
- $1.19
-
41731 Via El Greco Temecula, CA 1
- 3 beds 3 baths ∙ 1,788 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,788 Sqft ∙ Built 1988
![property image]()
LEASED 08/01/19- Rent
- Rent Per SQFT
- $2,100
- $1.17
-
41235 Sea Island Court Temecula, CA 3
- 4 beds 3 baths ∙ 2,141 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,141 Sqft ∙ Built 2000
![property image]()
LEASED 03/13/20- Rent
- Rent Per SQFT
- $2,495
- $1.17
-
31122 Dog Leg Circle Temecula, CA 4
- 3 beds 2 baths ∙ 2,032 Sqft ∙ Built 1998 3 beds 2 baths ∙ 2,032 Sqft ∙ Built 1998
![property image]()
LEASED 10/06/20- Rent
- Rent Per SQFT
- $2,550
- $1.25
-
31563 Lakeridge Court Temecula, CA 5
- 3 beds 2 baths ∙ 2,237 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,237 Sqft ∙ Built 2001
![property image]()
LEASED 12/21/20- Rent
- Rent Per SQFT
- $2,750
- $1.23
PROPERTY LISTING DETAILS
Coldwell Banker Assoc.brkr-mur
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: SW21018516
Last Updated: 01/29/2021
