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31946 Calle Tiara S Temecula, CA 92592

3 Beds 3 Baths 2,372 sqft Built 1991

$559,000

List Price

$2,370

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1991
  • Price/Sqft : $235.67
  • 12 Days on Market
  • MLS # : SW20224569
  • Updated Date : 10/31/2020 at 10:57
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,372 sqft
  • Baths : 2 full , 1 half
Listing Agent

Big Block Realty

Listing Agent's Description

South Temecula STUNNER with GORGEOUS UPGRADES and DESIGNER touches throughout! (Prof. Photos coming SOON!) Fresh Neutral Paint, Freestanding Claw Foot TUB with Chandelier, Granite Countertops, Newer HVAC System, Modern Light Fixtures with LED light bulbs, Shiplap and Stacked Stone Features, High End water-resistant Laminate Flooring, mostly New Windows, Stainless Steel Appliances, Dual Oven, Tiled Master Shower, Upstairs Laundry Room, 3-Car Garage, New Vinyl Fencing, Cul-de-Sac Location! Gorgeous Dual-Sided Fireplace with custom made Surrounds and Mantels enhances your Living and your Family Room. The Smart and Functional layout has no wasted Space. Three upstairs Bedrooms with vaulted Ceilings, a Spacious Loft for your Studies, Work-From-Home area, Play Area or Home Gym; The Pool-Sized Backyard boasts an Alumawood Patio Cover and an open/private feel with No Direct Neighbors behind. Enjoy Afternoon Breezes and Sunset Skies without the direct sun exposure, Grow your herbs and veggies in existing Planters. Best Schools in Temecula including Great Oak assignment. Super easy and quick access to Shopping, Dining, Casino, Freeway, Old Town, Wine Country, Parks, Hospital. Live in Comfort and Space in the Best Part of this Wonderful Town!

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: Arbor Glen

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $149k620k

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

Neighborhood: Arbor Glen

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
Red Hawk Elementary School Primary Regular 524 21 9
Erle Stanley Gardner Middle School Middle Regular 1,076 41 9
Great Oak High School High Regular 3,621 130 10

Red Hawk Elementary School

  • Education Level: Primary
  • # of students: 524
  • # of teachers: 21
9
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
 

$503,100$614,900$559,000

PURCHASE PRICE

$2,133$2,607$2,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,370
EXPENSES Loan Payment -$2,062
Property Tax -$671
Property Insurance -$85
HOA -$34
Property Management Fees -$140
CASH FLOW
-$621

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.

$559,000

PROJECTED PRICE

$2,370

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 6.1%
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$1.6M

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$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$153,885

INVESTMENT

$153,885

Down Payment
$139,750
Rehab Estimate
$5,750
Closing Costs
$8,385

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,062

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $139,750
Loan Amount $419,250
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,583

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,370

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $2,544

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,3703$2,3854$2,5005$2,550
$2,550
RENT COMPS ANALYSIS
  • 31946 Calle Tiara S Temecula, CA 2
    • 3 beds 3 baths ∙ 2,372 Sqft ∙ Built 1991 3 beds 3 baths ∙ 2,372 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $2,370
    • $1.00
    •  
  • 45347 Aguila Court Temecula, CA 1
    • 3 beds 3 baths ∙ 2,232 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,232 Sqft ∙ Built 2001
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.03
    •  
  • 31769 Via San Carlos Temecula, CA 3
    • 4 beds 3 baths ∙ 2,255 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,255 Sqft ∙ Built 1997
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,385
    • $1.06
    •  
  • 31553 Six Rivers Court Temecula, CA 4
    • 4 beds 3 baths ∙ 2,274 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,274 Sqft ∙ Built 2006
    LEASED 08/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.10
    •  
  • 45647 Corte Lobos Temecula, CA 5
    • 4 beds 3 baths ∙ 2,321 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,321 Sqft ∙ Built 1994
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.10
    •  
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 #: SW20224569
Last Updated: 10/31/2020
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