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32891 Cinon Drive Temecula, CA 92592

6 Beds 3 Baths 3,000 sqft Built 1997

$699,900

List Price

$2,660

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

January 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $233.30
  • 5 Days on Market
  • MLS # : SW21012730
  • Updated Date : 01/20/2021 at 17:42
CONSTRUCTION
  • Beds : 6
  • Floor Size : 3,000 sqft
  • Baths : 3 full
Listing Agent

Drive Real Estate

Listing Agent's Description

WELCOME HOME TO THIS SPECTACULAR VAIL RANCH POOL HOME WITH RV PARKING AND PAID SOLAR. AS YOU PULL UP TO THIS GORGEOUS HOME YOU WILL BE GREETED BY STONE STEPS LEADING UP TO AN INVITING FRONT PATIO WHERE YOU CAN ENJOY A WARM EVENING FIRE AT THE FIRE PIT OVERLOOKING CITY LIGHTS AND MOUNTAIN VIEWS. THIS HOME HAS BEEN FULLY RENOVATED WITH HIGH END FINISHES THROUGHOUT. AS YOU ENTER THE FOYER YOU WILL BE LED INTO THE LARGE GREAT ROOM WITH BEAUTIFUL BUILT-INS ADORNING EACH SIDE OF THE FIREPLACE. THIS CHEFS KITCHEN AWAITS YOU WITH WOLF APPLIANCES, POT FILLER, FARMHOUSE SINK, LARGE CENTER ISLAND AND WALK IN PANTRY. YOU WILL FALL IN LOVE WITH THE QUARTZ COUNTERTOPS AND STUNNING TILE BACKSPLASH. ALSO ON THE MAIN LEVEL YOU WILL FIND AN OFFICE/BEDROOM AND A FULL BATH. AS YOU HEAD UP THE STAIRS WITH GORGEOUS WROUGHT IRON RAILINGS YOU WILL HEAD TO THE MASTER SUITE WITH ACCESS TO THE AMAZING DECK. THIS MASTER RETREAT HAS A GORGEOUS ENSUITE BATH WITH DUAL SINKS, HUGE SOAKING TUB AND MASSIVE WALK IN SHOWER WITH DUAL HEADS. THERE IS ALSO A MAKEUP/VANITY ROOM WITH SINK AND STORAGE LEADING INTO THE HUGE WALK IN CLOSET. THE REMAINING 5 BEDROOMS AND FULL BATH ARE UPSTAIRS. NOW FOR THE BACKYARD THAT WILL LEAVE YOU SPEECHLESS! THIS ENTERTAINERS PARADISE HAS THE BIGGEST COVERED PATIO YOU HAVE EVER SEEN AND AMAZING PEBBLE TECH POOL/SPA WITH SHALLOW SHELF FOR SUNBATHING OR LITTLE KIDS TO PLAY AND ENJOY AMAZING TIME WITH FAMILY AND FRIENDS. DON'T MISS OUT ON THIS AMAZING RARE FIND! TOP RATED SCHOOLS.

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MARKET HIGHLIGHTS

  • 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.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Vail Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $149k614k

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

Neighborhood: Vail Ranch

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
Pauba Valley Elementary School Primary Regular 572 23 9
Vail Ranch Middle School Middle Regular 1,149 45 8
Great Oak High School High Regular 3,621 130 10

Pauba Valley Elementary School

  • Education Level: Primary
  • # of students: 572
  • # of teachers: 23
9
GreatSchools Rating

Vail Ranch Middle School

  • Education Level: Middle
  • # of students: 1,149
  • # of teachers: 45
8
GreatSchools Rating

Great Oak High School

  • Education Level: High
  • # of students: 3,621
  • # of teachers: 130
10
GreatSchools Rating
 

$629,910$769,890$699,900

PURCHASE PRICE

$2,394$2,926$2,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,660
EXPENSES Loan Payment -$2,431
Property Tax -$762
Property Insurance -$100
Property Management Fees -$157
CASH FLOW
-$790

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.

$699,900

PROJECTED PRICE

$2,660

PROJECTED RENT

0.38%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$191,224

INVESTMENT

$191,224

Down Payment
$174,975
Rehab Estimate
$5,750
Closing Costs
$10,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,431

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $174,975
Loan Amount $524,925
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$940

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,660

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $2,685

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,6603$2,7004$2,9505$3,300
$3,300
RENT COMPS ANALYSIS
  • 32891 Cinon Drive Temecula, CA 2
    • 6 beds 3 baths ∙ 3,000 Sqft ∙ Built 1997 6 beds 3 baths ∙ 3,000 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $2,660
    • $0.89
    •  
  • 32975 Levi Court Temecula, CA 1
    • 5 beds 3 baths ∙ 3,086 Sqft ∙ Built 1998 5 beds 3 baths ∙ 3,086 Sqft ∙ Built 1998
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.81
    •  
  • 44927 Dolce Street Temecula, CA 3
    • 5 beds 3 baths ∙ 3,106 Sqft ∙ Built 2004 5 beds 3 baths ∙ 3,106 Sqft ∙ Built 2004
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.87
    •  
  • 32024 Paseo Parallon Temecula, CA 4
    • 5 beds 5 baths ∙ 3,248 Sqft ∙ Built 1991 5 beds 5 baths ∙ 3,248 Sqft ∙ Built 1991
    LEASED 12/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $0.91
    •  
  • 32954 Poppy Street Temecula, CA 5
    • 6 beds 4 baths ∙ 3,345 Sqft ∙ Built 2003 6 beds 4 baths ∙ 3,345 Sqft ∙ Built 2003
    LEASED 01/11/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $0.99
    •  
PROPERTY LISTING DETAILS
Erika Aitken
Drive Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW21012730
Last Updated: 01/20/2021
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