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31877 Calle Redondela Temecula, CA 92592

4 Beds 3 Baths 1,950 sqft Built 1994

INVESTimate

$499,000

List Price

$2,200

$1,980 - $2,420

Rent Est.

$533,980  ( +7.01%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1994
  • Price/Sqft : $255.90
  • 19 Days on Market
  • MLS # : SW20159281
  • Updated Date : 08/23/2020 at 20:45
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,950 sqft
  • Baths : 2 full , 1 half
Listing Agent

Big Block Realty

Listing Agent's Description

Fantastic Family Home in Temecula on an Elevated Lot with a SPACIOUS PRIVATE BACKYARD shaded by Tall Trees and no Neighbors behind you! You almost feel like you are in a Mountain Home - there is a certain serenity with all those trees behind you and guaranteed fresh Breezes! Enjoy the Smart Open Floorplan with no wasted space! The Upgraded Kitchen boasts a Peninsula with Bar Seating; the Family Room features a Cozy Fireplace and perfect layout for a huge sectional. ALL NEW WINDOWS AND SLIDING DOORS keep Utility costs very manageable, and the very inexpensive Solar (approx. $83/month!) ensures that you can run A/C as much as you want! Upstairs boasts 3 Guest Bedrooms including a really large bright room that could be a game room for the whole Family. Master Suite has a walk-in closet and tall Ceilings, with views of Trees and City Lights. Enjoy the endless perks of the Community that offers its Residents the most abundant amenities in Town, all for just $113/month: 5 Swimming Pools, 7 miles of walking/jogging trails, Picnic Areas, Playgrounds, Parks, Frisbee Golf, Tennis and Basketball Courts, Seasonal Community Events and a very Central Location. Everything is close: Award Winning Schools, Wine Country, Freeway Access, Restaurants, Shopping, Casino, Gyms, Churches, Hospital, and Public Parks. NO Mello Roos and Low Taxes - a Winning Choice under 500k!

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: Paloma del Sol

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $149k614k

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

Neighborhood: Paloma del Sol

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
Abby Reinke Elementary School Primary Regular 815 33 9
Temecula Middle School Middle Regular 1,173 43 7
Temecula Valley High School High Regular 2,722 103 9

Abby Reinke Elementary School

  • Education Level: Primary
  • # of students: 815
  • # of teachers: 33
9
GreatSchools Rating

Temecula Middle School

  • Education Level: Middle
  • # of students: 1,173
  • # of teachers: 43
7
GreatSchools Rating

Temecula Valley High School

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

$449,100$548,900$499,000

PURCHASE PRICE

$1,980$2,420$2,200

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-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,200
EXPENSES Loan Payment -$1,841
Property Tax -$524
Property Insurance -$74
HOA -$113
Property Management Fees -$130
CASH FLOW
-$482

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.

$499,000

PROJECTED PRICE

$2,200

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 7.01%
Maintenance Year (1-5) 8.00%
Vacancy 5.35%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$137,985

INVESTMENT

$137,985

Down Payment
$124,750
Rehab Estimate
$5,750
Closing Costs
$7,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,841

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $124,750
Loan Amount $374,250
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$3,266

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,200

    LIST RENT
  • $1.13

    LIST RENT PER SQFT
  • $2,272

    COMP ESTIMATED VALUE
  • $1.17

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2003$2,2004$2,4955$2,600
$2,600
RENT COMPS ANALYSIS
  • 31877 Calle Redondela Temecula, 3
    • 4 beds 3 baths ∙ 1,950 Sqft ∙ Built 1994 4 beds 3 baths ∙ 1,950 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.13
    •  
  • 31957 Calle Galarza Temecula, 1
    • 3 beds 2 baths ∙ 2,057 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,057 Sqft ∙ Built 2003
    LEASED 11/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.07
    •  
  • 32540 Galatina Street Temecula, 2
    • 4 beds 3 baths ∙ 1,860 Sqft ∙ Built 1999 4 beds 3 baths ∙ 1,860 Sqft ∙ Built 1999
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.18
    •  
  • 44750 Kit Court Temecula, 4
    • 5 beds 3 baths ∙ 2,078 Sqft ∙ Built 1994 5 beds 3 baths ∙ 2,078 Sqft ∙ Built 1994
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.20
    •  
  • 32898 Bonita Mesa Street Temecula, 5
    • 4 beds 3 baths ∙ 2,146 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,146 Sqft ∙ Built 2000
    LEASED 06/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.21
    •  
PROPERTY LISTING DETAILS
Valentina Neufeld
Big Block Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW20159281
Last Updated: 08/23/2020
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