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32819 Tiempo Circle Temecula, CA 92592

3 Beds 2 Baths 1,729 sqft Built 2003

$499,900

List Price

$2,190

$2K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $289.13
  • 5 Days on Market
  • MLS # : SW21038985
  • Updated Date : 02/27/2021 at 15:29
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,729 sqft
  • Baths : 2 full
Listing Agent

Temecula Elite Properties

Listing Agent's Description

This beautiful single story 3 bedroom home boasts over 1700 SQFT and is located in the coveted Crown Hill development. This central Temecula location is perfect for those that want to be close to everything the city has to offer from the Promenade, to the Old Town Dining, nightlife at Pechanga & of course all of the Wineries.

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: Crowne Hill

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650kPrice in $149k663k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Crowne Hill

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q212001400160018002000220024002600Rent in $10822625

* 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
Crowne Hill Elementary School Primary Regular 639 25 9
Temecula Middle School Middle Regular 1,173 43 7
Temecula Valley High School High Regular 2,722 103 9

Crowne Hill Elementary School

  • Education Level: Primary
  • # of students: 639
  • # of teachers: 25
9
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
 

$449,910$549,890$499,900

PURCHASE PRICE

$1,971$2,409$2,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,190
EXPENSES Loan Payment -$1,736
Property Tax -$555
Property Insurance -$69
HOA -$75
Property Management Fees -$129
CASH FLOW
-$375

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.

$499,900

PROJECTED PRICE

$2,190

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 5.4%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$138,224

INVESTMENT

$138,224

Down Payment
$124,975
Rehab Estimate
$5,750
Closing Costs
$7,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,736

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $124,975
Loan Amount $374,925
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$5,320

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,190

    LIST RENT
  • $1.27

    LIST RENT PER SQFT
  • $2,360

    COMP ESTIMATED VALUE
  • $1.37

    COMP AVG. RENT PER SQFT
Comps Range
$2,175
1$2,1752$2,1903$2,2254$2,2505$2,500
$2,500
RENT COMPS ANALYSIS
  • 32819 Tiempo Circle Temecula, CA 2
    • 3 beds 2 baths ∙ 1,729 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,729 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $2,190
    • $1.27
    •  
  • 31890 Calle Ballentine Temecula, CA 1
    • 3 beds 3 baths ∙ 1,664 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,664 Sqft ∙ Built 1997
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,175
    • $1.31
    •  
  • 32495 Bergamo Court Temecula, CA 3
    • 3 beds 3 baths ∙ 1,621 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,621 Sqft ∙ Built 1999
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,225
    • $1.37
    •  
  • 42652 Drennon Court Temecula, CA 4
    • 3 beds 2 baths ∙ 1,596 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,596 Sqft ∙ Built 2003
    LEASED 09/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.41
    •  
  • 33001 Adelante Street Temecula, CA 5
    • 3 beds 2 baths ∙ 1,827 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,827 Sqft ∙ Built 2001
    LEASED 01/18/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.37
    •  
PROPERTY LISTING DETAILS
Jeffrey Walker
Temecula Elite Properties
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW21038985
Last Updated: 02/27/2021
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