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31886 Domenoe Way Temecula, CA 92592

3 Beds 3 Baths 2,093 sqft Built 2009

$495,000

List Price

$2,340

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $236.50
  • 5 Days on Market
  • MLS # : SW21028506
  • Updated Date : 02/11/2021 at 07:37
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,093 sqft
  • Baths : 2 full , 1 half
Listing Agent

Self Made Real Estate, Inc.

Listing Agent's Description

LOCATED IN TEMECULA'S WOLF CREEK COMMUNITY. BEAUTIFUL HOME AND LOCATION. THIS 4 BEDROOM 2.5 BATHS BOAST 2,093 SQUARE FEET OF LIVING SPACE HAS BEEN TASTEFULLY UPGRADED GRANITE COUNTER TOPS AN UPSTAIRS LOFT. WELL MAINTAINED LIVING SPACE HAS NICE SIZE PATIO AND SIDE YARD. SHORT WALK TO ALL COMMUNITY FACILITIES, POOL, BIKING-JOGGING-WALKING PATHS, EASY FREEWAY ACCESS, SHOPPING AN ENTERTAINMENT. PECHANGA RESORT AND CASINO, AS WELL AS AWARD WINNING SCHOOLS, INCLUDING GREAT OAK HIGH JUST MINUTES AWAY. A MUST SEE HOME.

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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

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700kPrice in $149k707k

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

Neighborhood: Wolf Creek

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q212001400160018002000220024002600Rent in $10822674

* 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
Temecula Luiseno Elementary School Primary Regular 1,013 39 8
Erle Stanley Gardner Middle School Middle Regular 1,076 41 9
Great Oak High School High Regular 3,621 130 10

Temecula Luiseno Elementary School

  • Education Level: Primary
  • # of students: 1,013
  • # of teachers: 39
8
GreatSchools Rating

Erle Stanley Gardner Middle School

  • Education Level: Middle
  • # of students: 1,076
  • # of teachers: 41
9
GreatSchools Rating

Great Oak High School

  • Education Level: High
  • # of students: 3,621
  • # of teachers: 130
10
GreatSchools Rating
 

$445,500$544,500$495,000

PURCHASE PRICE

$2,106$2,574$2,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,340
EXPENSES Loan Payment -$1,719
Property Tax -$506
Property Insurance -$78
HOA -$149
Property Management Fees -$138
CASH FLOW
-$250

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.

$495,000

PROJECTED PRICE

$2,340

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 5.9%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$136,925

INVESTMENT

$136,925

Down Payment
$123,750
Rehab Estimate
$5,750
Closing Costs
$7,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,719

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $123,750
Loan Amount $371,250
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$10,856

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,340

    LIST RENT
  • $1.12

    LIST RENT PER SQFT
  • $2,407

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$2,340
1$2,3402$2,3503$2,4504$2,5005$2,600
$2,600
RENT COMPS ANALYSIS
  • 31886 Domenoe Way Temecula, CA 1
    • 4 beds 3 baths ∙ 2,093 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,093 Sqft ∙ Built 2009
    • Rent
    • Rent Per SQFT
    •  
    • $2,340
    • $1.12
    •  
  • 46092 Rocky Trail Lane Temecula, CA 2
    • 3 beds 3 baths ∙ 2,156 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,156 Sqft ∙ Built 2007
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.09
    •  
  • 31894 Red Pine Way Temecula, CA 3
    • 3 beds 3 baths ∙ 2,156 Sqft ∙ Built 2011 3 beds 3 baths ∙ 2,156 Sqft ∙ Built 2011
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.14
    •  
  • 31888 Jaybee Lane Temecula, CA 4
    • 4 beds 3 baths ∙ 2,093 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,093 Sqft ∙ Built 2007
    LEASED 04/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.19
    •  
  • 31887 Domenoe Way Temecula, CA 5
    • 4 beds 3 baths ∙ 2,203 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,203 Sqft ∙ Built 2007
    LEASED 10/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.18
    •  
PROPERTY LISTING DETAILS
Miguel Aguilar
Self Made Real Estate, Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW21028506
Last Updated: 02/11/2021
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