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33249 Calle Langarica Temecula, CA 92592

4 Beds 3 Baths 2,023 sqft Built 1997

$499,000

List Price

$2,320

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $246.66
  • 4 Days on Market
  • MLS # : SW20261606
  • Updated Date : 12/31/2020 at 12:07
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,023 sqft
  • Baths : 3 full
Listing Agent

Team Forss Realty Group

Listing Agent's Description

DO NOT MISS OUT on this 4 BEDROOM, 3 BATHROOM TURN KEY home with POOL SIZE LOT located in the highly sought after community of Vail Ranch/ Redhawk IN SOUTH TEMECULA! A TEMECULA SCHOOL DISTRICT HOME! As you enter your new home you will be welcomed by wonderful vaulted ceilings that add to the open feeling of this home. This highly sought after layout includes a separate formal living room, dining room, kitchen that opens to a cozy family room with fireplace, downstairs bedroom and full size bathroom. The downstairs is completed with an indoor laundry room with cabinets and is connected to the spacious 2 car garage. Upstairs you will find the master bedroom and master bathroom with separate tub, shower, dual sinks, walk in closet. Don’t forget to check out the additional extra large storage area in the master bedroom Two additional bedrooms and full bathroom complete the upstairs. Out back you will find a pool size lot with NO REAR NEIGHBORS! Freshly painted inside and outside and all new carpet adds to this turn key home. All you need to do is move in. LOW TAXES AND NO HOA!! Just around the corner from award winning Temecula schools, lots of shopping, entertainment and Temecula Wine Country. Book an appointment to see your new home today!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (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
 

$449,100$548,900$499,000

PURCHASE PRICE

$2,088$2,552$2,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,320
EXPENSES Loan Payment -$1,841
Property Tax -$543
Property Insurance -$76
Property Management Fees -$137
CASH FLOW
-$277

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.

$499,000

PROJECTED PRICE

$2,320

PROJECTED RENT

0.46%

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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$137,985

INVESTMENT

$137,985

Down Payment
$124,750
Rehab Estimate
$5,750
Closing Costs
$7,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,841

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $124,750
Loan Amount $374,250
See What Happens When You Reinvest Cash Flow

3

YEARS SAVED

$14,153

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,320

    LIST RENT
  • $1.15

    LIST RENT PER SQFT
  • $2,412

    COMP ESTIMATED VALUE
  • $1.19

    COMP AVG. RENT PER SQFT
Comps Range
$2,050
1$2,0502$2,3203$2,4954$2,5005$2,700
$2,700
RENT COMPS ANALYSIS
  • 33249 Calle Langarica Temecula, CA 2
    • 4 beds 3 baths ∙ 2,023 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,023 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $2,320
    • $1.15
    •  
  • 44641 Brentwood Place Temecula, CA 1
    • 4 beds 3 baths ∙ 1,935 Sqft ∙ Built 1999 4 beds 3 baths ∙ 1,935 Sqft ∙ Built 1999
    LEASED 06/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.06
    •  
  • 44750 Kit Court Temecula, CA 3
    • 5 beds 3 baths ∙ 2,078 Sqft ∙ Built 1994 5 beds 3 baths ∙ 2,078 Sqft ∙ Built 1994
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.20
    •  
  • 33031 Garoli Pass Temecula, CA 4
    • 4 beds 2 baths ∙ 2,076 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,076 Sqft ∙ Built 1998
    LEASED 07/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.20
    •  
  • 33039 Harmony Lane Temecula, CA 5
    • 4 beds 3 baths ∙ 2,062 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,062 Sqft ∙ Built 1997
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.31
    •  
PROPERTY LISTING DETAILS
Goran Forss
Team Forss Realty Group
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW20261606
Last Updated: 12/31/2020
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