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32200 Camino Herencia Temecula, CA 92592

5 Beds 2 Baths 2,143 sqft Built 1997

$510,000

List Price

$2,440

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $237.98
  • 4 Days on Market
  • MLS # : SW20238113
  • Updated Date : 11/13/2020 at 09:28
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,143 sqft
  • Baths : 2 full
Listing Agent

Re/max Liberty

Listing Agent's Description

This beautiful home is in the community of Paloma Del Sol in Central Temecula.This beautiful home features 5 bedrooms and 3 baths on including a bedroom and bathroom on the main level. The dining area sets the mood for huge table just in time for the holidays and family gatherings. The garage is extra deep with room for a small workshop or storage. This great community host multiple pools and spas, sports courts, picnic areas, playgrounds, walking trails, tot lots and more and this home is within walking distance to the neighborhood pool and park! This is also a low tax area of Temecula and located close to shopping, restaurants, Promenade Mall, Wine Country, and Pechanga Resort & Casino.

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
 

$459,000$561,000$510,000

PURCHASE PRICE

$2,196$2,684$2,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,440
EXPENSES Loan Payment -$1,882
Property Tax -$633
Property Insurance -$79
HOA -$110
Property Management Fees -$144
CASH FLOW
-$408

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.

$510,000

PROJECTED PRICE

$2,440

PROJECTED RENT

0.48%

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$140,900

INVESTMENT

$140,900

Down Payment
$127,500
Rehab Estimate
$5,750
Closing Costs
$7,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,882

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $127,500
Loan Amount $382,500
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$6,235

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,440

    LIST RENT
  • $1.14

    LIST RENT PER SQFT
  • $2,422

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,4403$2,4504$2,6005$2,600
$2,600
RENT COMPS ANALYSIS
  • 32200 Camino Herencia Temecula, CA 2
    • 5 beds 2 baths ∙ 2,143 Sqft ∙ Built 1997 5 beds 2 baths ∙ 2,143 Sqft ∙ Built 1997
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,440
    • $1.14
    •  
  • 32842 Paterno Street Temecula, CA 1
    • 4 beds 3 baths ∙ 2,146 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,146 Sqft ∙ Built 1999
    property image
    LEASED 10/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.12
    •  
  • 32176 Via Arias Temecula, CA 3
    • 5 beds 3 baths ∙ 2,301 Sqft ∙ Built 1999 5 beds 3 baths ∙ 2,301 Sqft ∙ Built 1999
    property image
    LEASED 08/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.06
    •  
  • 32235 Corte Illora Temecula, CA 4
    • 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
    •  
  • 32898 Bonita Mesa Street Temecula, CA 5
    • 4 beds 3 baths ∙ 2,146 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,146 Sqft ∙ Built 2000
    property image
    LEASED 06/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.21
    •  
PROPERTY LISTING DETAILS
Antoine Robinson
Re/max Liberty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW20238113
Last Updated: 11/13/2020
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