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32163 Cala Torrente Temecula, CA 92592

4 Beds 3 Baths 2,214 sqft Built 1995

$570,000

List Price

$2,350

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $257.45
  • 9 Days on Market
  • MLS # : OC21133442
  • Updated Date : 07/10/2021 at 15:08
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,214 sqft
  • Baths : 2 full , 1 half
Listing Agent

Lou Edwards Financial

Listing Agent's Description

Beautiful two-story home located on a cul-de-sac in Paloma Del Sol, features 2,214 sq ft with 4 bedrooms, 2.5 bathrooms, and a roomy 3 car garage. Walking in reveals an open living room with high ceilings. Downstairs offers an office/game room, full bathroom, and separate laundry room with garage access. Living space has an open concept, perfect for entertainment. Spacious kitchen includes stainless steel appliances adjacent to the dinning room. The large master bedroom has tub, showers, and dual vanities. Wide open backyard with large concrete patio offers plenty of space to have backyard barbeques. Community includes many amenities such as community pool, spa, barbecue, and tennis court. Walking distant from Middle School and Parks. Conveniently located only minutes away from shopping center and highways.

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

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
 

$513,000$627,000$570,000

PURCHASE PRICE

$2,115$2,585$2,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,350
EXPENSES Loan Payment -$1,980
Property Tax -$598
Property Insurance -$81
HOA -$101
Property Management Fees -$139
CASH FLOW
-$548

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.

$570,000

PROJECTED PRICE

$2,350

PROJECTED RENT

0.41%

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

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$156,800

INVESTMENT

$156,800

Down Payment
$142,500
Rehab Estimate
$5,750
Closing Costs
$8,550

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,980

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $142,500
Loan Amount $427,500
See What Happens When You Reinvest Cash Flow

0.92

YEARS SAVED

$2,221

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,350

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $2,358

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$2,350
1$2,3502$2,4003$2,4504$2,5005$2,500
$2,500
RENT COMPS ANALYSIS
  • 32163 Cala Torrente Temecula, CA 1
    • 4 beds 3 baths ∙ 2,214 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,214 Sqft ∙ Built 1995
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.06
    •  
  • 43246 Corte Argento Temecula, CA 2
    • 4 beds 3 baths ∙ 2,201 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,201 Sqft ∙ Built 1995
    property image
    LEASED 02/19/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.09
    •  
  • 32815 Tiempo Circle Temecula, CA 3
    • 4 beds 3 baths ∙ 2,294 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,294 Sqft ∙ Built 2003
    property image
    LEASED 11/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.07
    •  
  • 41608 Corte Seda Temecula, CA 4
    • 4 beds 3 baths ∙ 2,371 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,371 Sqft ∙ Built 1995
    property image
    LEASED 11/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.05
    •  
  • 41614 Corte Pergamino Temecula, CA 5
    • 4 beds 3 baths ∙ 2,371 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,371 Sqft ∙ Built 1996
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.05
    •  
PROPERTY LISTING DETAILS
Yen Luu
Lou Edwards Financial
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21133442
Last Updated: 07/10/2021
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