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32169 Corte Sabrinas Temecula, CA 92592

4 Beds 3 Baths 2,576 sqft Built 1998

$585,000

List Price

$2,710

$2.5K - $3K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $227.10
  • 4 Days on Market
  • MLS # : SW21023388
  • Updated Date : 02/05/2021 at 09:03
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,576 sqft
  • Baths : 3 full
Listing Agent

Century 21 Full Realty Svc.

Listing Agent's Description

Gorgeous, move-in ready POOL & Spa home located in the highly sought after Redhawk community! High ceilings and bright natural light welcome you and draw you through the living room and into the home. The kitchen is open to the family room and looks out to the pool and patio - with built-in BBQ island is perfect for entertaining friends and family. Laminate wood look flooring downstairs. The downstairs bedroom has double-door entry and was converted to a media room. Sylish barn doors offer privacy for the downstairs office. Upstairs you will find 2 bedrooms connected with Jack n Jill, and a large master suite. The master overlooks the pool, spa, and hills! Upstairs laundry room makes laundry a breeze! Solar panels keep energy costs low and predictable. This home has everything you need: great location, walking distance to elementary and Great Oak High schools, low HOA, close to shopping, freeway access, Old Town Temecula and Wineries. Come check it out!

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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: 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
 

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

PURCHASE PRICE

$2,439$2,981$2,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,710
EXPENSES Loan Payment -$2,032
Property Tax -$702
Property Insurance -$90
HOA -$35
Property Management Fees -$160
CASH FLOW
-$308

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

$2,710

PROJECTED RENT

0.46%

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$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$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$1.6M

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 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,032

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $146,250
Loan Amount $438,750
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$12,423

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,710

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $2,698

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$2,595
1$2,5952$2,6003$2,7104$2,8505$2,900
$2,900
RENT COMPS ANALYSIS
  • 32169 Corte Sabrinas Temecula, CA 3
    • 4 beds 3 baths ∙ 2,576 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,576 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $2,710
    • $1.05
    •  
  • 45657 Corte Lobos Temecula, CA 1
    • 5 beds 3 baths ∙ 2,650 Sqft ∙ Built 1994 5 beds 3 baths ∙ 2,650 Sqft ∙ Built 1994
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.98
    •  
  • 46284 Grass Meadow Way Temecula, CA 2
    • 3 beds 3 baths ∙ 2,517 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,517 Sqft ∙ Built 2007
    LEASED 01/11/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.03
    •  
  • 31937 Penguin Place Temecula, CA 4
    • 3 beds 4 baths ∙ 2,632 Sqft ∙ Built 2005 3 beds 4 baths ∙ 2,632 Sqft ∙ Built 2005
    LEASED 11/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.08
    •  
  • 46157 Via La Tranquila Temecula, CA 5
    • 4 beds 3 baths ∙ 2,648 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,648 Sqft ∙ Built 2005
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.10
    •  
PROPERTY LISTING DETAILS
Michelle Weaver
Century 21 Full Realty Svc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW21023388
Last Updated: 02/05/2021
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