Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

31481 Sandhill Lane Temecula, CA 92591

3 Beds 3 Baths 2,261 sqft Built 2002

INVESTimate

$489,000

List Price

$2,440

$2,196 - $2,684

Rent Est.

$520,638  ( +6.47%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2002
  • Price/Sqft : $216.28
  • 16 Days on Market
  • MLS # : SW20162913
  • Updated Date : 08/18/2020 at 16:58
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,261 sqft
  • Baths : 2 full , 1 half
Listing Agent

Big Block Realty

Listing Agent's Description

Temeku Hills Charming Home Ready for New Owner! Great Neighborhood and Location in Central Temecula. Front porch Entry leads you into the Open Concept Living/Dining Space. Warm Neutral Tones Throughout the Property. Adorable, Updated, Farmhouse Styled Kitchen that includes Spacious Walk in Pantry that most will envy! The Family Room has Cozy Fireplace w/ Distressed Wood Mantel. This Home is Light & Bright Throughout. All 3 Bedrooms are upstairs, including the Master Suite. In Addition to the Bedrooms upstairs is a Generous Sized Loft for added entertaining Space or could turn into 4th Bedroom. A Sizeable Laundry Rm upstairs with Storage. Ceiling Fans in All the Bedrooms. A Shaded Patio in the Backyard with Plenty of room for a Pool & Kids Play area. Temeku Hills is a Sought after community with Club House, Pool, Tennis, Golf and Much More! Low Taxes in the Community. Come View this Home ASAP!

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
 

$440,100$537,900$489,000

PURCHASE PRICE

$2,196$2,684$2,440

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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,440
EXPENSES Loan Payment -$1,804
Property Tax -$507
Property Insurance -$82
HOA -$100
Property Management Fees -$144
CASH FLOW
-$197

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.

$489,000

PROJECTED PRICE

$2,440

PROJECTED RENT

0.50%

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$135,335

INVESTMENT

$135,335

Down Payment
$122,250
Rehab Estimate
$5,750
Closing Costs
$7,335

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,804

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $122,250
Loan Amount $366,750
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$18,539

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,440

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $2,544

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$2,440
1$2,4402$2,4953$2,5004$2,6805$2,695
$2,695
RENT COMPS ANALYSIS
  • 31481 Sandhill Lane Temecula, 1
    • 3 beds 3 baths ∙ 2,261 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,261 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $2,440
    • $1.08
    •  
  • 41235 Sea Island Court Temecula, 2
    • 4 beds 3 baths ∙ 2,141 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,141 Sqft ∙ Built 2000
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.17
    •  
  • 41614 Corte Pergamino Temecula, 3
    • 4 beds 3 baths ∙ 2,371 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,371 Sqft ∙ Built 1996
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.05
    •  
  • 31348 Canterbury Court Temecula, 4
    • 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
    •  
  • 31460 Culbertson Lane Temecula, 5
    • 4 beds 2 baths ∙ 2,284 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,284 Sqft ∙ Built 2000
    LEASED 01/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $1.18
    •  
PROPERTY LISTING DETAILS
Lori Cutka
Big Block Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW20162913
Last Updated: 08/18/2020
BESbswy