Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

32963 Casala Court Temecula, CA 92592

5 Beds 3 Baths 2,585 sqft Built 2002

$649,900

List Price

$2,690

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

December 24, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $251.41
  • 6 Days on Market
  • MLS # : SW20261544
  • Updated Date : 12/24/2020 at 13:52
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,585 sqft
  • Baths : 3 full
Listing Agent

Lemarkrealty

Listing Agent's Description

STUNNING PASEO DEL SOL ENTERTAINERS DREAM HOME FEATURING MOUNTAIN VIEWS WITH SPARKLING POOL, SPA AND FIRE PIT ON A QUIET CUL-DE-SAC! MASTER PLANNED COMMUNITY WHERE PARKS, POOLS AND TRAILS ABOUND ALONG WITH CLUBHOUSE, TENNIS COURTS,GYM AND REC CENTER! REMODELED CHEFS ISLAND KITCHEN BOASTING GRANITE COUNTERS, STONE BACKSPLASH, STAINLESS STEEL TOP OF THE LINE APPLIANCES, LARGE PANTRY AND BREAKFAST BAR WITH EAT-IN NOOK! DRAMATIC HIGH CEILINGS, WOOD LAMINATE & TRAVERTINE UPGRADED FLOORS, DESIGNER PAINT, LUXURIOUS MASTER SUITE WITH HUGE WALK IN CLOSET AND SEPARATE TUB/SHOWER. DOWNSTAIRS 5TH BEDROOM (CURRENTLY USED AS OFFICE/DEN, COULD BE CONVERTED) AND FULL REMODELED BATH, PRISTINE 3 CAR GARAGE WITH EPOXY FLOORS, SIDE DOG RUN & OPEN PARK ON CUL-DE-SAC WITH BASKETBALL COURT! AWARD WINNING TEMECULA SCHOOLS, WALK TO ABBEY REINKE DISTINGUISHED ELEMENTARY! SALT WATER SOLAR HEATED POOL HAS WATERFALL, PEBBLE TECH AND SLATE ACENTS WITH GORGEOUS VIEWS OF THE MOUNTAINS AND ULTIMATE PRIVACY! UPPER LEVEL SEPARATE LAUNDRY ROOM!

SEE MORE

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: 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
 

$584,910$714,890$649,900

PURCHASE PRICE

$2,421$2,959$2,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,690
EXPENSES Loan Payment -$2,398
Property Tax -$682
Property Insurance -$90
HOA -$102
Property Management Fees -$159
CASH FLOW
-$740

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.

$649,900

PROJECTED PRICE

$2,690

PROJECTED RENT

0.41%

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$1.8M

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$177,974

INVESTMENT

$177,974

Down Payment
$162,475
Rehab Estimate
$5,750
Closing Costs
$9,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,398

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $162,475
Loan Amount $487,425
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$1,641

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,690

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $2,637

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$2,350
1$2,3502$2,6003$2,6904$2,8005$2,900
$2,900
RENT COMPS ANALYSIS
  • 32963 Casala Court Temecula, CA 3
    • 5 beds 3 baths ∙ 2,585 Sqft ∙ Built 2002 5 beds 3 baths ∙ 2,585 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $2,690
    • $1.04
    •  
  • 42558 Sparks Temecula, CA 1
    • 4 beds 3 baths ∙ 2,500 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,500 Sqft ∙ Built 2003
    LEASED 02/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.94
    •  
  • 32682 Campo Drive Temecula, CA 2
    • 4 beds 3 baths ∙ 2,595 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,595 Sqft ∙ Built 2003
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.00
    •  
  • 32456 Cassino Court Temecula, CA 4
    • 4 beds 3 baths ∙ 2,616 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,616 Sqft ∙ Built 1999
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.07
    •  
  • 42780 Jolle Court Temecula, CA 5
    • 4 beds 3 baths ∙ 2,709 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,709 Sqft ∙ Built 2004
    LEASED 05/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.07
    •  
PROPERTY LISTING DETAILS
Jennifer Dolled
Lemarkrealty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW20261544
Last Updated: 12/24/2020
BESbswy