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31136 Nassau Court Temecula, CA 92591

3 Beds 2 Baths 2,032 sqft Built 1999

$559,000

List Price

$2,410

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
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

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
 

$503,100$614,900$559,000

PURCHASE PRICE

$2,169$2,651$2,410

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

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$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$153,885

INVESTMENT

$153,885

Down Payment
$139,750
Rehab Estimate
$5,750
Closing Costs
$8,385

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,942

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $139,750
Loan Amount $419,250
See What Happens When You Reinvest Cash Flow

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
$2,100
1$2,1002$2,4103$2,4954$2,5505$2,750
$2,750
RENT COMPS ANALYSIS
  • 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
Shirley Woods
Coldwell Banker Assoc.brkr-mur
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW21018516
Last Updated: 01/29/2021
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