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

31937 Red Pine Way #80 Temecula, CA 92592

3 Beds 3 Baths 1,753 sqft Built 2011

$460,000

List Price

$2,160

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $262.41
  • 2 Days on Market
  • MLS # : SW21010165
  • Updated Date : 01/16/2021 at 08:34
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,753 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group Southwest

Listing Agent's Description

Great opportunity to make your home in South Temecula. This home is located in the Tamarack community of Wolf Creek so has access to all amenities in both communities. Three bedrooms and 2.5 bathrooms. Lovingly cared for and in great condition. Upgrades include beautiful wood plank look tile flooring, shutters, granite counters, stainless appliances & ceiling fans. All of the rooms are spacious and offer an abundance of windows. The primary bedrooms is oversize and has an attached luxury bathroom with dual sinks, walk in shower, soaking garden tub and walk in closet. The backyard has private vinyl fencing, large patio, artificial turf and plenty of room to garden, play and entertain outdoors. Garage is attached and fully finished. Laundry is located upstairs with utility sink. Wolf Creek offers miles of trails, parks, playgrounds, community pool, etc. Tamarack includes it's own community pool for its residents. Schools in the area include Great Oak High School and high ranking elementary and middle schools as well.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$414,000$506,000$460,000

PURCHASE PRICE

$1,944$2,376$2,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,160
EXPENSES Loan Payment -$1,598
Property Tax -$470
Property Insurance -$70
HOA -$150
Property Management Fees -$127
CASH FLOW
-$255

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.

$460,000

PROJECTED PRICE

$2,160

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$127,650

INVESTMENT

$127,650

Down Payment
$115,000
Rehab Estimate
$5,750
Closing Costs
$6,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,598

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $115,000
Loan Amount $345,000
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$8,739

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,160

    LIST RENT
  • $1.23

    LIST RENT PER SQFT
  • $2,161

    COMP ESTIMATED VALUE
  • $1.23

    COMP AVG. RENT PER SQFT
Comps Range
$2,050
1$2,0502$2,1603$2,2754$2,3005$2,500
$2,500
RENT COMPS ANALYSIS
  • 31937 Red Pine Way Temecula, CA 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
    •  
    • $2,160
    • $1.23
    •  
  • 31520 Mendocino Court Temecula, CA 1
    • 3 beds 3 baths ∙ 1,803 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,803 Sqft ∙ Built 2007
    property image
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.14
    •  
  • 31557 Six Rivers Court Temecula, CA 3
    • 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
    •  
  • 45383 Corte Progreso Temecula, CA 4
    • 3 beds 3 baths ∙ 1,867 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,867 Sqft ∙ Built 1998
    property image
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.23
    •  
  • 46129 Via La Colorada Temecula, CA 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
April Greer
Realty One Group Southwest
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW21010165
Last Updated: 01/16/2021
BESbswy