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

32115 Cala Torrente Temecula, CA 92592

4 Beds 2 Baths 2,000 sqft Built 1995

$585,000

List Price

$2,290

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $292.50
  • 38 Days on Market
  • MLS # : SW20228549
  • Updated Date : 12/03/2020 at 17:36
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,000 sqft
  • Baths : 2 full
Listing Agent

Big Block Realty

Listing Agent's Description

SINGLE STORY HOME IN PALOMA DEL SOL! NO NEIGHBORS BEHIND. CORNER LOCATION ON A CUL-DE-SAC. This Home has been loved and cared for by Original Owner, and it truly shows! Plantation Shutters, Lots of Ambient Lighting, Huge Windows, Gorgeous Wood Look laminate flooring, TALL CEILINGS THROUGHOUT, 4 Nicely Appointed Bedrooms, and the incredible Remodeled Master Bathroom is a DREAM... Neatly Landscaped Front and Backyards, Abundant Succulents, Flowers and Shrubs, Inviting Front Porch, Big Open Space behind you, essentially just one direct Neighbor, Individual Laundry Room, a Spacious 3-car garage, newer Vinyl Fencing. And best of all: Privacy, Tranquility, Peaceful Energy and wonderful Neighbors who look out for one another. Paloma Del Sol is the most central Family-minded Community in Town with Amenities to promote the outdoor Lifestyle: 7 miles of meandering Walking Trails, 5 Swimming Pools, many Basketball and Tennis Courts, a couple of Frisbee Golf Courses, Picnic areas, Tot Lots, Parks, and (during "normal" times) lots of activities that engage the whole Family. You will love living here - everything is close buy and convenient, and the Tax Rate is truly one of the Lowest in Town - no Mello Roos, low Special Assessments, and best HOA that your $101/month can buy. Come and Get It!

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
Paloma Elementary School Primary Regular 604 23 8
Temecula Middle School Middle Regular 1,173 43 7
Temecula Valley High School High Regular 2,722 103 9

Paloma Elementary School

  • Education Level: Primary
  • # of students: 604
  • # of teachers: 23
8
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
 

$526,500$643,500$585,000

PURCHASE PRICE

$2,061$2,519$2,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,290
EXPENSES Loan Payment -$2,158
Property Tax -$614
Property Insurance -$76
HOA -$101
Property Management Fees -$135
CASH FLOW
-$794

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.

$585,000

PROJECTED PRICE

$2,290

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 7.0%
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$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$160,775

INVESTMENT

$160,775

Down Payment
$146,250
Rehab Estimate
$5,750
Closing Costs
$8,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,158

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $146,250
Loan Amount $438,750
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$241

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,290

    LIST RENT
  • $1.15

    LIST RENT PER SQFT
  • $2,300

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2003$2,2604$2,2905$2,600
$2,600
RENT COMPS ANALYSIS
  • 32115 Cala Torrente Temecula, CA 4
    • 4 beds 2 baths ∙ 2,000 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,000 Sqft ∙ Built 1996
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,290
    • $1.15
    •  
  • 31957 Calle Galarza Temecula, CA 1
    • 3 beds 2 baths ∙ 2,057 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,057 Sqft ∙ Built 2003
    property image
    LEASED 11/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.07
    •  
  • 32540 Galatina Street Temecula, CA 2
    • 4 beds 3 baths ∙ 1,860 Sqft ∙ Built 1999 4 beds 3 baths ∙ 1,860 Sqft ∙ Built 1999
    property image
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.18
    •  
  • 32856 Fermo Court Temecula, CA 3
    • 4 beds 3 baths ∙ 1,860 Sqft ∙ Built 2000 4 beds 3 baths ∙ 1,860 Sqft ∙ Built 2000
    property image
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,260
    • $1.22
    •  
  • 32235 Corte Illora Temecula, CA 5
    • 5 beds 3 baths ∙ 2,301 Sqft ∙ Built 1998 5 beds 3 baths ∙ 2,301 Sqft ∙ Built 1998
    property image
    LEASED 01/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.13
    •  
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 #: SW20228549
Last Updated: 12/03/2020
BESbswy