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32256 Cask Lane Temecula, CA 92592

4 Beds 2 Baths 2,486 sqft Built 2016

$569,900

List Price

$2,550

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 2016
  • Price/Sqft : $229.24
  • 5 Days on Market
  • MLS # : SW20216146
  • Updated Date : 11/02/2020 at 20:12
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,486 sqft
  • Baths : 2 full
Listing Agent

Big Block Realty

Listing Agent's Description

EXCEPTIONAL HOME Located in the community of Renaissance at Redhawk in WALKING DISTANCE TO GREAT OAK HIGH, Temecula's premier high school! This unique lot has no other homes on either side or behind and is located on a cul-de-sac. DOWNSTAIRS BEDROOM makes perfect home office! Privacy gate brings you into a covered entry with custom security door. A spacious great room offers tile flooring, ceiling fan, recessed lighting and beautiful neutral paint. Open to the great room sits a gorgeous kitchen complete with dark rich cabinetry, soft close drawers and some with pull-outs. Stainless steel appliances are sure to please as well as granite counters, barstool seating and recessed/pendant lighting. A dining room is nearby offering plenty of space for a large dining set. At the top of the stairs you will find a loft with access to a balcony shared with a secondary bedroom. Enjoy your down time in the master suite with on your private balcony or soaking in the large tub. Other stand out features include a huge walk-in closet with built-in organizing system, dual sinks and a separate shower. Upstairs laundry with sink is a hit! Easy maintenance backyard has been hardscaped and has solid cover with fan. Built-In BBQ island is pre-plumbed for natural gas plus there is outdoor electrical/plugs. A gated sideboard makes a perfect dog run and includes a shed. SOLAR offers low monthly electric bills. Community pool, spa, and tot lot. Walk to Patricia Birdsall Sports Park and more! MUST SEE!

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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
 

$512,910$626,890$569,900

PURCHASE PRICE

$2,295$2,805$2,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,550
EXPENSES Loan Payment -$2,103
Property Tax -$684
Property Insurance -$87
HOA -$130
Property Management Fees -$150
CASH FLOW
-$604

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.

$569,900

PROJECTED PRICE

$2,550

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$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$156,774

INVESTMENT

$156,774

Down Payment
$142,475
Rehab Estimate
$5,750
Closing Costs
$8,549

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,103

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $142,475
Loan Amount $427,425
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,941

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,550

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $2,567

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,5003$2,5504$2,5805$2,700
$2,700
RENT COMPS ANALYSIS
  • 32256 Cask Lane Temecula, CA 3
    • 4 beds 2 baths ∙ 2,486 Sqft ∙ Built 2016 4 beds 2 baths ∙ 2,486 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.03
    •  
  • 32523 Corte Zaragoza Temecula, CA 1
    • 4 beds 3 baths ∙ 2,383 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,383 Sqft ∙ Built 1999
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.97
    •  
  • 32271 Cask Lane Temecula, CA 2
    • 4 beds 3 baths ∙ 2,456 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,456 Sqft ∙ Built 2016
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.02
    •  
  • 45959 Corte Tobarra Temecula, CA 4
    • 4 beds 3 baths ∙ 2,475 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,475 Sqft ∙ Built 1998
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,580
    • $1.04
    •  
  • 32289 Cask Lane Temecula, CA 5
    • 4 beds 3 baths ∙ 2,456 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,456 Sqft ∙ Built 2016
    LEASED 12/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.10
    •  
PROPERTY LISTING DETAILS
Val Ives
Big Block Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW20216146
Last Updated: 11/02/2020
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