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
31882 Red Pine Way 
Temecula, CA
92592
3 Beds 3 Baths 1,753 sqft
Built 2011
INVESTimate
$450,000
List Price
$125,000
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Built In 2011
- Price/Sqft : $256.70
- 33 Days on Market
- MLS # : SW20147345
- Updated Date : 08/21/2020 at 12:38
CONSTRUCTION
- Beds : 3
- Floor Size : 1,753 sqft
- Baths : 2 full , 1 half
Listing Agent
Homesmart
Listing Agent's Description
Do you need to identify a property for a quick 1031 Exchange?. Can close in as little as 21 days. A perfect match for you. Unique Opportunity in Wolf Creek. Do you want a rental for passive income, but not the hassle of finding a good tenant. Well this is your lucky day. Home is available with good tenant in place with a 2 year lease. Walking distance to Pechanga and Great Oak High School. This community has it's own private large pool. It is also part of Wolf Valley and all that has to offer, parks, walking and biking trails and playgrounds. Highly distinguished Temecula Schools are within walking distance. Close to the Wineries, Restaurants and Golf courses make this a highly desirable area. Very rare opportunity for Investor, don't hesitate or you lose. The kitchen has tile floors and granite counter with nice dark cabinets. The two upstairs bedrooms have window seats and one has a walk in closet, plus an over sized Owners Suite. The garage has epoxy covering on the floor. There is a small dog run with gate and the entire outside is finished with cement walkway and brick edging and vinyl fencing. There is a nice sized private patio. Please do not disturb the occupant
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: Wolf Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Wolf Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,090 |
| EXPENSES | Loan Payment | -$1,660 |
| Property Tax | -$460 | |
| Property Insurance | -$70 | |
| HOA | -$120 | |
| Property Management Fees | -$123 | |
|
CASH FLOW
-$343
|
||
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.
$450,000
PROJECTED PRICE
$2,090
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.95% |
| Appreciation Year (1-5) | 5.87% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.35% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$125,000
LOAN DETAILS
$1,660
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $112,500 |
| Loan Amount | $337,500 |
1.92
YEARS SAVED
$6,647
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,090
LIST RENT -
$1.19
LIST RENT PER SQFT
-
$2,261
COMP ESTIMATED VALUE -
$1.29
COMP AVG. RENT PER SQFT
Comps Range
-
31882 Red Pine Way Temecula, 2
- 3 beds 3 baths ∙ 1,753 Sqft ∙ Built 2011 3 beds 3 baths ∙ 1,753 Sqft ∙ Built 2011
![property image]()
- Rent
- Rent Per SQFT
- $2,090
- $1.19
-
31811 Green Oak Way Temecula, 1
- 3 beds 3 baths ∙ 1,650 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,650 Sqft ∙ Built 2007
![property image]()
LEASED 11/05/19- Rent
- Rent Per SQFT
- $2,050
- $1.24
-
46195 Timbermine Lane Temecula, 3
- 3 beds 3 baths ∙ 1,650 Sqft ∙ Built 2010 3 beds 3 baths ∙ 1,650 Sqft ∙ Built 2010
![property image]()
LEASED 08/22/19- Rent
- Rent Per SQFT
- $2,250
- $1.36
-
31557 Six Rivers Court Temecula, 4
- 3 beds 3 baths ∙ 1,803 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,803 Sqft ∙ Built 2006
![property image]()
LEASED 01/23/20- Rent
- Rent Per SQFT
- $2,275
- $1.26
-
46129 Via La Colorada Temecula, 5
- 3 beds 3 baths ∙ 1,916 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,916 Sqft ∙ Built 1999
![property image]()
LEASED 08/14/20- Rent
- Rent Per SQFT
- $2,500
- $1.30
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: SW20147345
Last Updated: 08/21/2020
