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41456 Big Sage Court Temecula, CA 92591

3 Beds 2 Baths 1,489 sqft Built 1989

$549,900

List Price

$2,120

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $369.31
  • 12 Days on Market
  • MLS # : NDP2102814
  • Updated Date : 03/26/2021 at 22:37
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,489 sqft
  • Baths : 2 full
Listing Agent

First Team Real Estate

Listing Agent's Description

FABULOUS 1 STORY, 3bdrm/2ba, 3 car finished garage w/epoxy floor. Tile roof, end of one sided culdesac. Large, very private, pool size back yard w/turf yard. New solid aluminum wrap around patio cover w/lights, dimmers & outlets. Ready for spa. Solid white vinyl fencing. Inside you'll find all new wall paint, gas range, inside laundry room, raised panel doors, white vinyl windows, remodeled kithchen w/vaulted ceiling, new vinyl flooring, gas fireplace in familyroom. Double doors into one bedroom. Upgraded vanities in both bathrooms. Mstr walk in closet. Lots of storage in house and pull down in garage. Refrigerator, play structure & shed stay. Convenient location in Temecula wine country. Close to all. Horseback, Lake Skinner, min to the freeway, hot air balloons and more. Convenient to all schools!! TREAT YOURSELF TO A VIEWING!

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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: Margarita Village - Temeku Hills

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $149k614k

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

Neighborhood: Margarita Village - Temeku Hills

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
Rancho Elementary School Primary Regular 531 20 8
Margarita Middle School Middle Regular 862 33 7
Temecula Valley High School High Regular 2,722 103 9

Rancho Elementary School

  • Education Level: Primary
  • # of students: 531
  • # of teachers: 20
8
GreatSchools Rating

Margarita Middle School

  • Education Level: Middle
  • # of students: 862
  • # of teachers: 33
7
GreatSchools Rating

Temecula Valley High School

  • Education Level: High
  • # of students: 2,722
  • # of teachers: 103
9
GreatSchools Rating
 

$494,910$604,890$549,900

PURCHASE PRICE

$1,908$2,332$2,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,120
EXPENSES Loan Payment -$1,910
Property Tax -$577
Property Insurance -$63
HOA -$47
Property Management Fees -$125
CASH FLOW
-$602

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.

$549,900

PROJECTED PRICE

$2,120

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 6.5%
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$151,474

INVESTMENT

$151,474

Down Payment
$137,475
Rehab Estimate
$5,750
Closing Costs
$8,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,910

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $137,475
Loan Amount $412,425
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$921

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,120

    LIST RENT
  • $1.42

    LIST RENT PER SQFT
  • $2,126

    COMP ESTIMATED VALUE
  • $1.43

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,0503$2,1204$2,2505$2,400
$2,400
RENT COMPS ANALYSIS
  • 41456 Big Sage Court Temecula, CA 3
    • 3 beds 2 baths ∙ 1,489 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,489 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $2,120
    • $1.42
    •  
  • 42029 Roanoake Street Temecula, CA 1
    • 3 beds 3 baths ∙ 1,404 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,404 Sqft ∙ Built 1987
    LEASED 10/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.39
    •  
  • 31070 Camino Del Este Temecula, CA 2
    • 3 beds 2 baths ∙ 1,367 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,367 Sqft ∙ Built 1975
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.50
    •  
  • 31186 Corte Talvera Temecula, CA 4
    • 3 beds 3 baths ∙ 1,636 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,636 Sqft ∙ Built 1988
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.38
    •  
  • 31446 Sonoma Lane Temecula, CA 5
    • 3 beds 2 baths ∙ 1,667 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,667 Sqft ∙ Built 1992
    LEASED 11/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.44
    •  
PROPERTY LISTING DETAILS
Sharon Callahan
First Team Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: NDP2102814
Last Updated: 03/26/2021
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