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32945 Valence Court Temecula, CA 92592

5 Beds 3 Baths 2,250 sqft Built 2000

$524,999

List Price

$2,540

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $233.33
  • 3 Days on Market
  • MLS # : SW20258853
  • Updated Date : 12/18/2020 at 17:24
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,250 sqft
  • Baths : 3 full
Listing Agent

Redfin Corporation

Listing Agent's Description

Welcome to 32945 Valence Ct, Temecula. This home is located in the very desirable community of Paseo Del Sol. Gorgeous 5 bedroom, 3 bathroom, 3 car garage, highly upgraded home with a great cul de sac location. The floor plan is very open and inviting. You enter into the formal living room and dining room with vaulted ceilings, new wood plantation shutters, with a lifetime warranty, and new luxury vinyl plank flooring throughout the entire home. The kitchen is highly upgraded with quartz counter tops, "high-end" stainless steel appliances, and features a breakfast bar and dining area. The Kitchen is open to the family. The family room is very roomy and has a fireplace. Downstairs also features a bedroom, full bathroom, and laundry room. Upstairs are 4 bedrooms, including the large master suite. All the rooms have brand new wood plantation shutter and vinyl planking. No carpet in this home! There is also a brand new top of the line HVAC system with built in air purifier, water softener, reverse osmosis system, and security system. The backyard is very private and pool sized with potential for a coy pond. Paseo Del Sol HOA features community pools, clubhouse, walking trails & sidewalks, as well as parks, fields and tot lots for outdoor recreation. Close to top-ranked Temecula Unified Schools, as well as shopping, restaurants, Promenade Mall, golf, wineries and 15 freeway. Schedule your private showing before it's gone!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Paseo del Sol

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $149k620k

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

Neighborhood: Paseo del Sol

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
Abby Reinke Elementary School Primary Regular 815 33 9
Temecula Middle School Middle Regular 1,173 43 7
Temecula Valley High School High Regular 2,722 103 9

Abby Reinke Elementary School

  • Education Level: Primary
  • # of students: 815
  • # of teachers: 33
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
 

$472,499$577,499$524,999

PURCHASE PRICE

$2,286$2,794$2,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,540
EXPENSES Loan Payment -$1,937
Property Tax -$551
Property Insurance -$82
HOA -$102
Property Management Fees -$150
CASH FLOW
-$281

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.

$524,999

PROJECTED PRICE

$2,540

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 6.4%
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$1.6M

PROJECTED ANNUAL CASH FLOW

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

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$144,875

INVESTMENT

$144,875

Down Payment
$131,250
Rehab Estimate
$5,750
Closing Costs
$7,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,937

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $131,250
Loan Amount $393,749
See What Happens When You Reinvest Cash Flow

3

YEARS SAVED

$14,972

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,540

    LIST RENT
  • $1.13

    LIST RENT PER SQFT
  • $2,537

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,5403$2,5504$2,6005$2,650
$2,650
RENT COMPS ANALYSIS
  • 32945 Valence Court Temecula, CA 2
    • 4 beds 3 baths ∙ 2,250 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,250 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $2,540
    • $1.13
    •  
  • 32842 Paterno Street Temecula, CA 1
    • 4 beds 3 baths ∙ 2,146 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,146 Sqft ∙ Built 1999
    LEASED 10/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.12
    •  
  • 32947 Novara Court Temecula, CA 3
    • 4 beds 3 baths ∙ 2,382 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,382 Sqft ∙ Built 2000
    LEASED 02/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.07
    •  
  • 32898 Bonita Mesa Street Temecula, CA 4
    • 4 beds 3 baths ∙ 2,146 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,146 Sqft ∙ Built 2000
    LEASED 06/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.21
    •  
  • 43501 Tirano Drive Temecula, CA 5
    • 4 beds 3 baths ∙ 2,382 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,382 Sqft ∙ Built 2001
    LEASED 08/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.11
    •  
PROPERTY LISTING DETAILS
Carrie Mazzotta
Redfin Corporation
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW20258853
Last Updated: 12/18/2020
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