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33068 Regina Drive Temecula, CA 92592

4 Beds 3 Baths 2,754 sqft Built 1997

$695,000

List Price

$2,740

$2.5K - $3K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $252.36
  • 3 Days on Market
  • MLS # : SW20257122
  • Updated Date : 12/19/2020 at 18:57
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,754 sqft
  • Baths : 3 full
Listing Agent

The Community Group Inc

Listing Agent's Description

***SPECTACULAR VAIL RANCH POOL HOME NESTLED IN THE QUIET HILLS OF TEMECULA MINUTES FROM REDHAWK GOLF CLUB AND WINE COUNTRY!!***RARE FULLY REMODELED ENTERTAINER'S PARADISE WITH SUPER LOW TAXES AND NO HOA!!***AWARD WINNING TOP-RATED SCHOOLS AND PARK RIGHT ACROSS THE STREET!! Enjoy Your Own Personal Resort with a Pebble Tech Salt Water Pool/Spa, Extensive Sunbathing Deck, Big Alumawood Covered Patio, Grass Play Area, Dog Run/Shed and Terraced Hillside Boasting Tranquil Sitting Areas with Views! Enter into the Formal Living/Dining Rooms with Sweeping 2-Story Ceilings then enjoy the Spacious Open-Concept Family Room w/Large Custom Gas Fireplace and an Adjacent Downstairs Office/Bedroom (3/4 Bath Nearby). The HUGE Gourmet Kitchen is SIMPLY AMAZING with Endless Cabinetry (23 Cabinets/10 Drawers), THE BIGGEST EXPANDED WALK-IN PANTRY KNOWN TO MANKIND WITH 3 WALLS OF CABINETS (20 Cabinets/6 Drawers) and a Long Butler's Counter/Sink, Granite Counters and a 9' Connected Island w/6 Glass Doors and Pendant Lighting! Storage Abounds with a 2nd Walk-In Pantry, Under-Stairs Closet, Upstairs Hall Closet and Built-In Linen Cabinet! Also Upstairs Find an Oversized Laundry Room (21 Cabinets/6 Drawers, Long Counter), the Master with Cathedral Ceilings and Remodeled Master Bath with 9' Walk-In Travertine Shower w/2 Shower Heads, Dual Sinks, Privacy Toilet Room and a MASSIVE His/Hers Closet! Other Notables Include: Hardwood Plank Flooring, Plantation Shutters, Newer Dual Pane Windows AND MUCH MORE!!

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: 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
 

$625,500$764,500$695,000

PURCHASE PRICE

$2,466$3,014$2,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,740
EXPENSES Loan Payment -$2,564
Property Tax -$756
Property Insurance -$94
Property Management Fees -$162
CASH FLOW
-$836

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.

$695,000

PROJECTED PRICE

$2,740

PROJECTED RENT

0.39%

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$189,925

INVESTMENT

$189,925

Down Payment
$173,750
Rehab Estimate
$5,750
Closing Costs
$10,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,564

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $173,750
Loan Amount $521,250
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,167

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,740

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $2,720

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$2,550
1$2,5502$2,6003$2,7404$2,8005$2,850
$2,850
RENT COMPS ANALYSIS
  • 33068 Regina Drive Temecula, CA 3
    • 4 beds 3 baths ∙ 2,754 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,754 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $2,740
    • $0.99
    •  
  • 44729 Longfellow Avenue Temecula, CA 1
    • 4 beds 3 baths ∙ 2,648 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,648 Sqft ∙ Built 2000
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.96
    •  
  • 45309 Quail Crest Drive Temecula, CA 2
    • 3 beds 3 baths ∙ 2,762 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,762 Sqft ∙ Built 2000
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.94
    •  
  • 44794 Mumm Street Temecula, CA 4
    • 4 beds 3 baths ∙ 2,726 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,726 Sqft ∙ Built 2004
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.03
    •  
  • 33801 Star Hill Street Temecula, CA 5
    • 4 beds 3 baths ∙ 2,786 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,786 Sqft ∙ Built 2004
    LEASED 09/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.02
    •  
PROPERTY LISTING DETAILS
David Robinson
The Community Group Inc
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW20257122
Last Updated: 12/19/2020
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