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30285 Rogue Circle Temecula, CA 92591

3 Beds 2 Baths 1,620 sqft Built 1988

$469,000

List Price

$2,250

$2K - $2.5K

Rent Est.

PROPERTY INFO

January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $289.51
  • 5 Days on Market
  • MLS # : SW21007758
  • Updated Date : 01/14/2021 at 16:54
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,620 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

This is a Beauty! Remodeled single story on private Cul-de-sac in the heart of Temecula with low taxes and low association. 3 bedroom 2 bath plus a den or office.  Open family room at entrance with vaulted ceilings, 3 sided gas fireplace and office/den with privacy barn door perfect for home office/remote learning.  Remodeled bright sunny kitchen with vaulted ceilings,  upgraded white cabinets,  granite counters and breakfast bar. Modern ceramic tile "wood look" flooring throughout with neutral carpet in bedrooms, updated baseboards, updated light fixtures, updated door knobs, updated light switches/outlets and all new ceiling fans throughout.  Welcoming Master bedroom with private bathroom, dual sinks and walk-in closet. Inside laundry room with cabinets for storage. Private, quiet Backyard is perfect for entertaining with natural gas fire pit, mature landscaping including fruit trees and custom raised garden beds with automatic drip system. Awesome 2 car attached garage with epoxy floors, work bench, built in cabinets, pull down stairs for easy attic storage and rollup doors with automatic garage door opener.  Located in The Villages off Rancho California Road on a private Cul-de-sac with only 8 homes. 5 minute drive to Temecula's award winning Wine Country and walking distance to schools, shopping, golf course and parks.  You are going to love it!

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 $143k614k

* 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
Rancho Elementary School Primary Regular 531 20 8
Margarita Middle School Middle Regular 862 33 7
Temecula Valley High School High Regular 2,722 103 9

Rancho Elementary School

  • Education Level: Primary
  • # of students: 531
  • # of teachers: 20
8
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
 

$422,100$515,900$469,000

PURCHASE PRICE

$2,025$2,475$2,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,250
EXPENSES Loan Payment -$1,629
Property Tax -$492
Property Insurance -$66
HOA -$44
Property Management Fees -$133
CASH FLOW
-$114

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.

$469,000

PROJECTED PRICE

$2,250

PROJECTED RENT

0.48%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$130,035

INVESTMENT

$130,035

Down Payment
$117,250
Rehab Estimate
$5,750
Closing Costs
$7,035

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,629

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $117,250
Loan Amount $351,750
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$19,286

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,250

    LIST RENT
  • $1.39

    LIST RENT PER SQFT
  • $2,256

    COMP ESTIMATED VALUE
  • $1.39

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,1953$2,2504$2,2505$2,300
$2,300
RENT COMPS ANALYSIS
  • 30285 Rogue Circle Temecula, CA 4
    • 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.39
    •  
  • 29737 Via Las Chacras Temecula, CA 1
    • 3 beds 2 baths ∙ 1,477 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,477 Sqft ∙ Built 1989
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.42
    •  
  • 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
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.35
    •  
  • 30288 Mersey Court Temecula, CA 3
    • 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 1988
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.39
    •  
  • 31039 Corte Anza Temecula, CA 5
    • 3 beds 3 baths ∙ 1,636 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,636 Sqft ∙ Built 1988
    LEASED 03/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.41
    •  
PROPERTY LISTING DETAILS
Marci Johnsen
Homesmart
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW21007758
Last Updated: 01/14/2021
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