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32606 Via Perales Temecula, CA 92592

5 Beds 3 Baths 2,916 sqft Built 2003

$645,000

List Price

$2,560

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $221.19
  • 3 Days on Market
  • MLS # : SW21000047
  • Updated Date : 01/01/2021 at 20:33
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,916 sqft
  • Baths : 3 full
Listing Agent

Signature Real Estate Group

Listing Agent's Description

LOCATION, LOCATION TEMECULA, WELCOME HOME TO YOUR SPACIOUS TURN-KEY READY TO MOVE-IN TWO STORY, FEATURING A MAIN FLOOR BED/BATH, AND MUD ROOM. THIS CENTEX HOME IS LOCATED IN A VERY DESIRABLE REDHAWK NEIGHBORHOOD. IT OFFERS YOU FIVE BEDROOMS AND THREE FULL BATHS. 4 BEDROOMS UPSTAIRS WITH A LOFT, AND A LAUNDRY ROOM. You will notice, as you drive up the wonderful landscaped curb appeal, and the two car garage. Your New Home Tour experience starts as you walk up to the covered porch, with a double door entry. Immediately as you walk in your greeted with cathedral ceilings in this open floor plan, lots of natural sunlight through large windows with plantation shutters. The Kitchen is open with canned lighting, siltstone counters and large island, cabinets, double ovens, large walk-in pantry. Off the kitchen open to Family room a gas fireplace with stacked stone fascia. Upstairs has a spacious Master Bedroom with a view, large walk-in closet. The Master Bathroom has double vanities, mirrors, oval tub/shower. Enter your landscaped backyard with an alumawood covered patio, 2 ceiling fans, a 6 person jacuzzi. New grass sod will be installed first of 2021. Newer Water Heater, Dishwasher. There is 2 AC units. You're walking distance to Great Oak High School, Helen Hunt Jackson Elementary. Short drive to Earle Stanley Gardner Middle School. Close to Freeways, parks, public golf course, shopping, wineries, and Old Town Temecula. This home will not last please call for private showings.

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: 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
 

$580,500$709,500$645,000

PURCHASE PRICE

$2,304$2,816$2,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,560
EXPENSES Loan Payment -$2,380
Property Tax -$774
Property Insurance -$98
HOA -$35
Property Management Fees -$151
CASH FLOW
-$878

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.

$645,000

PROJECTED PRICE

$2,560

PROJECTED RENT

0.40%

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$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$176,675

INVESTMENT

$176,675

Down Payment
$161,250
Rehab Estimate
$5,750
Closing Costs
$9,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,380

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $161,250
Loan Amount $483,750
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$246

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,560

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $2,799

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$2,560
1$2,5602$2,6503$2,8504$2,9005$2,990
$2,990
RENT COMPS ANALYSIS
  • 32606 Via Perales Temecula, CA 1
    • 5 beds 3 baths ∙ 2,916 Sqft ∙ Built 2003 5 beds 3 baths ∙ 2,916 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,560
    • $0.88
    •  
  • 31916 Penguin Place Temecula, CA 2
    • 4 beds 3 baths ∙ 2,847 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,847 Sqft ∙ Built 2005
    property image
    LEASED 01/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.93
    •  
  • 32165 Live Oak Drive Temecula, CA 3
    • 4 beds 4 baths ∙ 3,071 Sqft ∙ Built 2010 4 beds 4 baths ∙ 3,071 Sqft ∙ Built 2010
    property image
    LEASED 01/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.93
    •  
  • 32953 Caminito Lorca Temecula, CA 4
    • 5 beds 3 baths ∙ 2,916 Sqft ∙ Built 2008 5 beds 3 baths ∙ 2,916 Sqft ∙ Built 2008
    property image
    LEASED 05/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.99
    •  
  • 46202 Pinon Pine Way Temecula, CA 5
    • 4 beds 3 baths ∙ 3,024 Sqft ∙ Built 2009 4 beds 3 baths ∙ 3,024 Sqft ∙ Built 2009
    property image
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,990
    • $0.99
    •  
PROPERTY LISTING DETAILS
Theresa Hersey
Signature Real Estate Group
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW21000047
Last Updated: 01/01/2021
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