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32614 Via Perales 
Temecula, CA
92592
4 Beds 3 Baths 2,648 sqft
Built 2003
INVESTimate
$524,900
List Price
$144,849
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PROPERTY INFO
FACTS
- Built In 2003
- Price/Sqft : $198.23
- 16 Days on Market
- MLS # : SW20162953
- Updated Date : 08/12/2020 at 16:11
CONSTRUCTION
- Beds : 4
- Floor Size : 2,648 sqft
- Baths : 2 full , 1 half
Listing Agent
Prime Home Realty
Listing Agent's Description
Located in the highly sought after Wolf Creek neighborhood of Temecula this home checks all the boxes. Upon entering this home, you are greeted with the living/dining room combination perfect for large gatherings. The kitchen offers an abundance of counter space complete with a walk in pantry and an island which opens to a family room with cozy fireplace for those chilly nights. The second floor boasts a spacious loft, built in work station, and four generous sized bedrooms In addition to the homes functional floor plan, this home is located in a beautiful part of Temecula as it is driving distance from The Promenade Mall, countless restaurants, Old Town Temecula, Temecula Wineries, Pechanga Resort and Casino, Home Depot, Ross, Marshall's, Kohl's, Walmart, and much more. Pechanga Resort has become a popular attraction for the city of Temecula. As a resident of this home, you will be able to take advantage of all that this renowned resort has to offer. Explore their wide variety of food options from fine dining to casual dining or even on the go fare. On the weekends you can visit the Comedy Club or attend ticketed events including MMA Fights, concerts, and more. Additionally, award winning Great Oak High School, Helen Hunt Jackson Elementary School, along with the beautiful Birdsall Sports Park are just a few minutes walk away. This home is ready for immediate move in and is sure to go fast.
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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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Temecula Ranchos
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,600 |
| EXPENSES | Loan Payment | -$1,937 |
| Property Tax | -$630 | |
| Property Insurance | -$91 | |
| HOA | -$34 | |
| Property Management Fees | -$153 | |
|
CASH FLOW
-$245
|
||
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.
$524,900
PROJECTED PRICE
$2,600
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.95% |
| Appreciation Year (1-5) | 4.88% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.35% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$144,849
LOAN DETAILS
$1,937
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $131,225 |
| Loan Amount | $393,675 |
3.33
YEARS SAVED
$17,325
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,600
LIST RENT -
$0.98
LIST RENT PER SQFT
-
$2,833
COMP ESTIMATED VALUE -
$1.07
COMP AVG. RENT PER SQFT
Comps Range
-
32614 Via Perales Temecula, 2
- 4 beds 3 baths ∙ 2,648 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,648 Sqft ∙ Built 2003
![property image]()
- Rent
- Rent Per SQFT
- $2,600
- $0.98
-
32271 Cask Lane Temecula, 1
- 4 beds 3 baths ∙ 2,456 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,456 Sqft ∙ Built 2016
![property image]()
LEASED 06/22/20- Rent
- Rent Per SQFT
- $2,500
- $1.02
-
32289 Cask Lane Temecula, 3
- 4 beds 3 baths ∙ 2,456 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,456 Sqft ∙ Built 2016
![property image]()
LEASED 12/10/19- Rent
- Rent Per SQFT
- $2,700
- $1.10
-
46157 Via La Tranquila Temecula, 4
- 4 beds 3 baths ∙ 2,648 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,648 Sqft ∙ Built 2005
![property image]()
LEASED 08/01/20- Rent
- Rent Per SQFT
- $2,900
- $1.10
-
45783 Cebalo Street Temecula, 5
- 4 beds 4 baths ∙ 2,820 Sqft ∙ Built 2020 4 beds 4 baths ∙ 2,820 Sqft ∙ Built 2020
![property image]()
LEASED 04/30/20- Rent
- Rent Per SQFT
- $3,000
- $1.06
PROPERTY LISTING DETAILS
Prime Home Realty
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: SW20162953
Last Updated: 08/12/2020
