Based on the current market conditions in Temecula, this single-family property shows promising rental potential. With an average rent per unit ranging from $3,495 to $3,800, the total potential revenue annually could be between $41K and $45.6K. Given the estimated property valuation around $931K, the payback period through rental income could extend beyond 20 years, assuming steady market conditions. The property boasts features like a pool, fireplace, and a spacious layout, enhancing its desirability. However, being a single-family home, the unique selling points are limited to these features.
To enhance the rental potential, consider modernizing the interior and adding energy-efficient upgrades. Such improvements can justify higher rent and attract premium tenants. If the owner is contemplating selling, highlighting the property's recent valuations and neighborhood trends will be crucial. Additionally, marketing the property's features like the pool and fireplace can appeal to potential buyers and renters alike.
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Current Specs
4 Bed / 2.5 Bath
3,371 sqft
Single-Family
Built in 2004
Wood Frame/Metal construction
Fireplace
Slate/Tile
Pool
Rent Comps
$3,200
$3,623
$4,750
LOW
MEDIAN
HIGH
Most similar comps
These are the comps most similar in size, bed-bath count, and location.
5 Listings
4 Bed / 2.5-3 Bath
2,576 - 2,960 sqft
Within 2.4 mi
Avg. Monthly Rent$3,517
High-end comps
These are the highest-priced comps in the market. They demonstrate the price range for renovated homes with new finishes and modern appliances.