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30839 Brassie Lane 
Temecula, CA
92591
5 Beds 3 Baths 2,456 sqft
Built 1998
INVESTimate
$579,000
List Price
$159,185
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PROPERTY INFO
FACTS
- Built In 1998
- Price/Sqft : $235.75
- 8 Days on Market
- MLS # : SW20161005
- Updated Date : 08/23/2020 at 05:08
CONSTRUCTION
- Beds : 5
- Floor Size : 2,456 sqft
- Baths : 3 full
Listing Agent
Allison James Estates & Homes
Listing Agent's Description
Wonderful Golf Course View home in the popular community of Temeku Hills! Located on the 7th hole of the popular Legends 18 Hole Golf Course. This home sits at the end of a quiet street in the community with plenty of parking for guests. Seller just had a brand new HVAC system installed, so no worries about hot summer or cool winter days! There is also a whole house fan to efficiently cool down the home. This Two Story Home features a Main Floor Bedroom with a Full Bath and the Master and other three Bedrooms are upstairs. Entering the home is a Living Room, Dining Room combination and a spacious Kitchen and Family Room! Upgrades include, Tile and Wood Flooring, Custom Paint, Built-ins and Custom Window Coverings. Enjoy your Beautiful Backyard with Custom Barbeque Area and View of the Golf Course! HOA includes a Beautiful Clubhouse with Game Room, Craft Room, Tot Lot, Two Exercise Rooms with updated Equipment and more. Also included are Tennis/Pickleball Courts and Junior Olympic Pool. Close to Wine Country, Old Town, Shopping and the 15 Freeway! Low Taxes, Low HOA! Please see Virtual Tour.
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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: Margarita Village - Temeku Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Margarita Village - Temeku Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,290 |
| EXPENSES | Loan Payment | -$2,136 |
| Property Tax | -$600 | |
| Property Insurance | -$87 | |
| HOA | -$100 | |
| Property Management Fees | -$135 | |
|
CASH FLOW
-$768
|
||
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.
$579,000
PROJECTED PRICE
$2,290
PROJECTED RENT
0.40%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.95% |
| Appreciation Year (1-5) | 6.47% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.35% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$159,185
LOAN DETAILS
$2,136
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $144,750 |
| Loan Amount | $434,250 |
0.25
YEARS SAVED
$304
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,290
LIST RENT -
$0.93
LIST RENT PER SQFT
-
$2,474
COMP ESTIMATED VALUE -
$1.01
COMP AVG. RENT PER SQFT
Comps Range
-
30839 Brassie Lane Temecula, 1
- 5 beds 3 baths ∙ 2,456 Sqft ∙ Built 1998 5 beds 3 baths ∙ 2,456 Sqft ∙ Built 1998
- Rent
- Rent Per SQFT
- $2,290
- $0.93
-
31097 Nassau Court Temecula, 2
- 4 beds 3 baths ∙ 2,583 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,583 Sqft ∙ Built 1999
LEASED 05/18/20- Rent
- Rent Per SQFT
- $2,400
- $0.93
-
30946 Crystalaire Drive Temecula, 3
- 4 beds 3 baths ∙ 2,590 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,590 Sqft ∙ Built 2000
LEASED 07/01/20- Rent
- Rent Per SQFT
- $2,550
- $0.98
-
41548 Yankee Run Court Temecula, 4
- 4 beds 3 baths ∙ 2,561 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,561 Sqft ∙ Built 1989
LEASED 07/14/20- Rent
- Rent Per SQFT
- $2,600
- $1.02
-
31348 Canterbury Court Temecula, 5
- 4 beds 3 baths ∙ 2,430 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,430 Sqft ∙ Built 1997
LEASED 06/10/20- Rent
- Rent Per SQFT
- $2,680
- $1.10
PROPERTY LISTING DETAILS
Allison James Estates & Homes
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: SW20161005
Last Updated: 08/23/2020
