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32142 Caminito Osuna Temecula, CA 92592

4 Beds 3 Baths 2,694 sqft Built 1991

$559,000

List Price

$2,500

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $207.50
  • 3 Days on Market
  • MLS # : WS21009184
  • Updated Date : 01/15/2021 at 17:46
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,694 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker Dynasty/tc

Listing Agent's Description

Desirable location high ceiling with 4 bedrooms and 2.5 bathrooms. Space backyard with patio. Nice floor plan with good and long term tenant. Great school district. It is closing school, shopping, park and easy access to freeway. Seller very motivated to sell.

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: Temecula Ranchos

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650kPrice in $149k671k

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

Neighborhood: Temecula Ranchos

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q212001400160018002000220024002600Rent in $10822646

* 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
Helen Hunt Jackson Elementary School Primary Regular 425 16 9
Erle Stanley Gardner Middle School Middle Regular 1,076 41 9
Great Oak High School High Regular 3,621 130 10

Helen Hunt Jackson Elementary School

  • Education Level: Primary
  • # of students: 425
  • # of teachers: 16
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

$2,250$2,750$2,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,500
EXPENSES Loan Payment -$1,942
Property Tax -$671
Property Insurance -$92
HOA -$35
Property Management Fees -$148
CASH FLOW
-$387

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

$2,500

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 4.9%
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-$10k-$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$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 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,942

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $139,750
Loan Amount $419,250
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$7,231

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,500

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $2,687

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,5003$2,5954$2,6505$2,850
$2,850
RENT COMPS ANALYSIS
  • 32142 Caminito Osuna Temecula, CA 2
    • 4 beds 3 baths ∙ 2,694 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,694 Sqft ∙ Built 1991
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.93
    •  
  • 45171 Callesito Ordenes Temecula, CA 1
    • 4 beds 3 baths ∙ 2,574 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,574 Sqft ∙ Built 1998
    property image
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.97
    •  
  • 45657 Corte Lobos Temecula, CA 3
    • 5 beds 3 baths ∙ 2,650 Sqft ∙ Built 1994 5 beds 3 baths ∙ 2,650 Sqft ∙ Built 1994
    property image
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.98
    •  
  • 32108 Paseo Parallon Temecula, CA 4
    • 4 beds 3 baths ∙ 2,761 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,761 Sqft ∙ Built 1991
    property image
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.96
    •  
  • 31937 Penguin Place Temecula, CA 5
    • 3 beds 4 baths ∙ 2,632 Sqft ∙ Built 2005 3 beds 4 baths ∙ 2,632 Sqft ∙ Built 2005
    property image
    LEASED 11/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.08
    •  
PROPERTY LISTING DETAILS
Jean Chang
Coldwell Banker Dynasty/tc
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: WS21009184
Last Updated: 01/15/2021
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