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33164 Puffin Street Temecula, CA 92592

3 Beds 3 Baths 2,188 sqft Built 2004

$589,000

List Price

$2,350

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $269.20
  • 4 Days on Market
  • MLS # : SW21027052
  • Updated Date : 02/11/2021 at 07:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,188 sqft
  • Baths : 2 full , 1 half
Listing Agent

Reliable Realty Inc.

Listing Agent's Description

Executive home, clawfoot tub , large bonus room . Welcome to this executive home nestled against the hills in south Temecula. Updated landscaping and a new garage door create the perfect curb appeal to draw you in. This home has over $100,000 in upgrades. Once inside you are greeted by porcelain tile wood look floors , new blinds, new lighting, travertine fireplace, freshly painted walls. The list goes on. As we all know kitchens and bathrooms sell homes and this modern kitchen has been updated to perfection with subway backsplash and quartz countertops. You can picture yourself cooking for family while maintaining access to the everyone with this easy flow home. Accessing the backyard through your newly installed French doors, the back yard is easy care with new patio cover and ceiling fan, loads of room for entertaining with several different seating locations. All bathrooms have been updated to perfection. Upstairs has beautiful new hard wood floors, the generous master bedroom leads to a private spa bathroom with all the bells and whistles, a stunning claw foot tub, frameless glass show enclosure, oversized solid granite sink and porcelain tiled floors! There is an oversized bonus room for movie time or a home office. Bedrooms are all a great size and neutral colors. Temecula is famous for top notch schools and this home is within Great Oak Boundaries. Enjoy an easy drive to wine country or old town where you can relax and enjoy small town living.

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: Temecula Ranchos

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650kPrice in $149k671k

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

Neighborhood: Temecula Ranchos

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q212001400160018002000220024002600Rent in $10822646

* 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
Helen Hunt Jackson Elementary School Primary Regular 425 16 9
Erle Stanley Gardner Middle School Middle Regular 1,076 41 9
Great Oak High School High Regular 3,621 130 10

Helen Hunt Jackson Elementary School

  • Education Level: Primary
  • # of students: 425
  • # of teachers: 16
9
GreatSchools Rating

Erle Stanley Gardner Middle School

  • Education Level: Middle
  • # of students: 1,076
  • # of teachers: 41
9
GreatSchools Rating

Great Oak High School

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

$530,100$647,900$589,000

PURCHASE PRICE

$2,115$2,585$2,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,350
EXPENSES Loan Payment -$2,046
Property Tax -$707
Property Insurance -$80
HOA -$45
Property Management Fees -$139
CASH FLOW
-$666

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.

$589,000

PROJECTED PRICE

$2,350

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 4.9%
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-$10k-$5.0k$0.0$5.0k

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$161,835

INVESTMENT

$161,835

Down Payment
$147,250
Rehab Estimate
$5,750
Closing Costs
$8,835

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,046

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $147,250
Loan Amount $441,750
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$667

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,350

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $2,434

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,3503$2,4004$2,5005$2,500
$2,500
RENT COMPS ANALYSIS
  • 33164 Puffin Street Temecula, CA 2
    • 3 beds 3 baths ∙ 2,188 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,188 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.07
    •  
  • 33184 Puffin Street Temecula, CA 1
    • 3 beds 3 baths ∙ 2,005 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,005 Sqft ∙ Built 2004
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.15
    •  
  • 32614 Via Destello Temecula, CA 3
    • 3 beds 2 baths ∙ 2,140 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,140 Sqft ∙ Built 2002
    LEASED 07/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.12
    •  
  • 46048 Drymen Avenue Temecula, CA 4
    • 3 beds 3 baths ∙ 2,386 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,386 Sqft ∙ Built 2003
    LEASED 10/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.05
    •  
  • 32598 Ritter Court Temecula, CA 5
    • 4 beds 3 baths ∙ 2,204 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,204 Sqft ∙ Built 2008
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.13
    •  
PROPERTY LISTING DETAILS
Jacqueline Steed
Reliable Realty Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW21027052
Last Updated: 02/11/2021
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