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43199 Teramo Street Temecula, CA 92592

3 Beds 3 Baths 1,350 sqft Built 2000

$452,800

List Price

$1,800

$1.6K - $2K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $335.41
  • 5 Days on Market
  • MLS # : SW21021048
  • Updated Date : 02/06/2021 at 11:33
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,350 sqft
  • Baths : 2 full , 1 half
Listing Agent

Allison James Estates & Homes

Listing Agent's Description

Beautiful turn-key home in the highly desirable community of Paseo Del Sol in South Temecula. A wonderful entry patio welcomes you to this fantastic home. This home features a total of 3 bedrooms and 2.5 bathrooms, indoor laundry room, and a 2-car garage. Open floor plan from kitchen to great room. The great room has high ceilings and a custom fireplace. Upstairs you will find 2 guest bedrooms with a Jack and Jill bathroom and the spacious master bedroom with master bath and walk-in closet. All new interior paint, carpet and laminate flooring throughout. The Paseo Del Sol community offers 3 community pools, spa, gym, tennis courts, basketball courts, & walking trails. Close to Abby Reinke Elementary school, Restaurants, Shopping, Wineries, Casinos, Temecula Valley Hospital & the 15 freeway.

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: Paseo del Sol

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $149k620k

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

Neighborhood: Paseo del Sol

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
Abby Reinke Elementary School Primary Regular 815 33 9
Temecula Middle School Middle Regular 1,173 43 7
Temecula Valley High School High Regular 2,722 103 9

Abby Reinke Elementary School

  • Education Level: Primary
  • # of students: 815
  • # of teachers: 33
9
GreatSchools Rating

Temecula Middle School

  • Education Level: Middle
  • # of students: 1,173
  • # of teachers: 43
7
GreatSchools Rating

Temecula Valley High School

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

$407,520$498,080$452,800

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$1,573
Property Tax -$475
Property Insurance -$60
HOA -$102
Property Management Fees -$106
CASH FLOW
-$516

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.

$452,800

PROJECTED PRICE

$1,800

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 6.4%
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

PROJECTED ANNUAL CASH FLOW

11530-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$125,742

INVESTMENT

$125,742

Down Payment
$113,200
Rehab Estimate
$5,750
Closing Costs
$6,792

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,573

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $113,200
Loan Amount $339,600
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$464

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,800

    LIST RENT
  • $1.33

    LIST RENT PER SQFT
  • $1,802

    COMP ESTIMATED VALUE
  • $1.34

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8003$1,8504$2,1005$2,350
$2,350
RENT COMPS ANALYSIS
  • 43199 Teramo Street Temecula, CA 2
    • 3 beds 3 baths ∙ 1,350 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,350 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.33
    •  
  • 33602 Emerson Way Temecula, CA 1
    • 3 beds 2 baths ∙ 1,408 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,408 Sqft ∙ Built 2003
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.28
    •  
  • 33028 Tulley Ranch Road Temecula, CA 3
    • 3 beds 3 baths ∙ 1,412 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,412 Sqft ∙ Built 1998
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.31
    •  
  • 33657 Emerson Temecula, CA 4
    • 3 beds 2 baths ∙ 1,532 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,532 Sqft ∙ Built 2003
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.37
    •  
  • 33028 Harmony Lane Temecula, CA 5
    • 4 beds 3 baths ∙ 1,700 Sqft ∙ Built 1998 4 beds 3 baths ∙ 1,700 Sqft ∙ Built 1998
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.38
    •  
PROPERTY LISTING DETAILS
Joseph Rahhal
Allison James Estates & Homes
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW21021048
Last Updated: 02/06/2021
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