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42685 Azure St Temecula, CA 92592

3 Beds 3 Baths 1,564 sqft Built 2018

$575,000

List Price

$2,360

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $367.65
  • 5 Days on Market
  • MLS # : OC21149972
  • Updated Date : 07/11/2021 at 09:34
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,564 sqft
  • Baths : 2 full , 1 half
Listing Agent

Anvil Real Estate

Listing Agent's Description

Welcome to practically brand new and fully detached two-story home in Temecula. You will instantly notice the pride of ownership the moment you walk through the door. As you walk through the home you’ll notice the high ceilings, recessed lighting and beautiful vinyl floors. The lovely and well designed kitchen provides you with plenty of storage, granite counter-tops and is open and connects to the family room for that great room feel. Upstairs, you will find all three bedrooms, including a spacious master bedroom and large bathroom with dual vanity sink, separate shower, soaking tub and walk-in closet. Centrally located to plenty of fabulous dining, all major shopping, wonderful entertainment, minutes away from Old Town and the famous Temecula Wine Country. This home sits in the desirable Temecula Unified school district and just minutes from the freeway. The association comes with a community pool just at the end of the street and definitely close enough to walk to. This gorgeous home will not last long!

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: Alta Vista

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $143k620k

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

Neighborhood: Alta Vista

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q211001200130014001500160017001800190020002100220023002400Rent in $10592474

* 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
Vail Elementary School Primary Regular 580 25 5
Margarita Middle School Middle Regular 862 33 7
Temecula Valley High School High Regular 2,722 103 9

Vail Elementary School

  • Education Level: Primary
  • # of students: 580
  • # of teachers: 25
5
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
 

$517,500$632,500$575,000

PURCHASE PRICE

$2,124$2,596$2,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,360
EXPENSES Loan Payment -$1,997
Property Tax -$587
Property Insurance -$65
HOA -$229
Property Management Fees -$139
CASH FLOW
-$658

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.

$575,000

PROJECTED PRICE

$2,360

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 6.9%
Maintenance Year (1-5) 8.00%
Vacancy 5.43%
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-$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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$158,125

INVESTMENT

$158,125

Down Payment
$143,750
Rehab Estimate
$5,750
Closing Costs
$8,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,997

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $143,750
Loan Amount $431,250
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$516

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,360

    LIST RENT
  • $1.51

    LIST RENT PER SQFT
  • $2,111

    COMP ESTIMATED VALUE
  • $1.35

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,1953$2,3004$2,3505$2,360
$2,360
RENT COMPS ANALYSIS
  • 42685 Azure St Temecula, CA 5
    • 3 beds 3 baths ∙ 1,564 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,564 Sqft ∙ Built 2018
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,360
    • $1.51
    •  
  • 43122 Avenida Abril Temecula, CA 1
    • 3 beds 3 baths ∙ 1,523 Sqft ∙ Built 2012 3 beds 3 baths ∙ 1,523 Sqft ∙ Built 2012
    property image
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.38
    •  
  • 42116 Orange Blossom Drive Temecula, CA 2
    • 3 beds 3 baths ∙ 1,629 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,629 Sqft ∙ Built 2000
    property image
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.35
    •  
  • 43086 Avenida Amistad Temecula, CA 3
    • 3 beds 3 baths ∙ 1,739 Sqft ∙ Built 2014 3 beds 3 baths ∙ 1,739 Sqft ∙ Built 2014
    property image
    LEASED 06/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.32
    •  
  • 27985 Calle Casera Temecula, CA 4
    • 3 beds 3 baths ∙ 1,739 Sqft ∙ Built 2012 3 beds 3 baths ∙ 1,739 Sqft ∙ Built 2012
    property image
    LEASED 07/06/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.35
    •  
PROPERTY LISTING DETAILS
Christian Ellis
Anvil Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21149972
Last Updated: 07/11/2021
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