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44065 Terraza Ct Temecula, CA 92592

5 Beds 2 Baths 2,433 sqft Built 2002

INVESTimate

$524,900

List Price

$2,500

$2,250 - $2,750

Rent Est.

$558,546  ( +6.41%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 2002
  • Price/Sqft : $215.74
  • 3 Days on Market
  • MLS # : OC20167161
  • Updated Date : 08/24/2020 at 18:34
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,433 sqft
  • Baths : 2 full
Listing Agent

Gold Standard Realty, Inc.

Listing Agent's Description

Beautiful Temecula cul-de-sac home built in 2002. Formal living / dining leads you to the great room with a cozy fireplace. The home features new flooring and a Chef's kitchen with a breakfast bar and plenty of storage. The home is unique and features two bedrooms and a full bath downstairs. Upstairs you will discover a bonus area ideal for gaming or media room, a huge laundry room with sink and cabinets and the master bedroom features a walk-in-closet and bath with a large tub. This is truly a turn-key home in one of the best neighborhoods in Paseo Del Sol with multiple swimming pools, parks, trails, tennis and award winning schools. Close to the mall with great restaurants, shopping and entertainment! This home is contingent upon sellers finding another home.

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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
 

$472,410$577,390$524,900

PURCHASE PRICE

$2,250$2,750$2,500

RENT

DOWN PAYMENT
FINANCING

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$1.6M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,500
EXPENSES Loan Payment -$1,937
Property Tax -$551
Property Insurance -$86
HOA -$102
Property Management Fees -$148
CASH FLOW
-$323

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.

$524,900

PROJECTED PRICE

$2,500

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 6.41%
Maintenance Year (1-5) 8.00%
Vacancy 5.35%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$144,849

INVESTMENT

$144,849

Down Payment
$131,225
Rehab Estimate
$5,750
Closing Costs
$7,874

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,937

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $131,225
Loan Amount $393,675
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$12,104

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,500

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $2,482

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$2,495
1$2,4952$2,5003$2,5504$2,6005$2,600
$2,600
RENT COMPS ANALYSIS
  • 44065 Terraza Ct Temecula, 2
    • 5 beds 2 baths ∙ 2,433 Sqft ∙ Built 2002 5 beds 2 baths ∙ 2,433 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.03
    •  
  • 32440 Pensador Street Temecula, 1
    • 5 beds 3 baths ∙ 2,500 Sqft ∙ Built 2001 5 beds 3 baths ∙ 2,500 Sqft ∙ Built 2001
    property image
    LEASED 09/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.00
    •  
  • 32947 Novara Court Temecula, 3
    • 4 beds 3 baths ∙ 2,382 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,382 Sqft ∙ Built 2000
    property image
    LEASED 02/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.07
    •  
  • 31870 Calle Redondela Temecula, 4
    • 4 beds 3 baths ∙ 2,572 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,572 Sqft ∙ Built 1994
    property image
    LEASED 08/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.01
    •  
  • 32682 Campo Drive Temecula, 5
    • 4 beds 3 baths ∙ 2,595 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,595 Sqft ∙ Built 2003
    property image
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.00
    •  
PROPERTY LISTING DETAILS
Theresa Mashini
Gold Standard Realty, Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20167161
Last Updated: 08/24/2020
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