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31125 Ruidosa Street Temecula, CA 92592

4 Beds 3 Baths 2,292 sqft Built 1993

$629,900

List Price

$2,390

$2.2K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $274.83
  • 6 Days on Market
  • MLS # : SW21049398
  • Updated Date : 03/13/2021 at 17:07
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,292 sqft
  • Baths : 2 full , 1 half
Listing Agent

Stockup Realty

Listing Agent's Description

Fantastic Oversized Corner Lot, Amazing Location, Incredible Views, PRIVACY-NO NEIGHBORS to the back, Potential Mother-In-Law Suite, NO HOA and LOW TAXES. Beautiful front yard and entrance into the hardwood floored family room with lots natural light and a warm fireplace. On the right is the coat closet and large 2 car garage with ample storage and washer and dryer. The hall to the right leads to 2 bedrooms sharing an upgraded bathroom with custom tile floors and shower and granite countertop vanity. The master suite has vaulted ceilings, fan, walk-in closet and highly upgraded master bath with travertine tile floors and walls, deep soaking tub, large custom travertine tiled and frameless glass walk-in shower! The open concept floor plan has a spacious family room, large dining room with custom chef's kitchen! What will you cook there? Anything! Upgrades starting from the travertine tile floors to custom cabinets and hardware, to granite counters and stainless steel appliances sparkling from the can lights in the ceiling! Bedroom 4 and study share a 1/2 bath and spacious sitting/game room opening to the side yard with an Alumawood covered patio, stained concrete retaining wall and new vinyl fencing. The views? See our 3D tour to believe it! https://my.matterport.com/show/?m=FSaD6z6UnUY Move in ready, minutes from wine country, Old Town Temecula, shopping, and the highest rated high school: Great Oak High School! This original owner home WILL NOT LAST!

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: Redhawk

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $149k620k

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

Neighborhood: Redhawk

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
Temecula Luiseno Elementary School Primary Regular 1,013 39 8
Erle Stanley Gardner Middle School Middle Regular 1,076 41 9
Great Oak High School High Regular 3,621 130 10

Temecula Luiseno Elementary School

  • Education Level: Primary
  • # of students: 1,013
  • # of teachers: 39
8
GreatSchools Rating

Erle Stanley Gardner Middle School

  • Education Level: Middle
  • # of students: 1,076
  • # of teachers: 41
9
GreatSchools Rating

Great Oak High School

  • Education Level: High
  • # of students: 3,621
  • # of teachers: 130
10
GreatSchools Rating
 

$566,910$692,890$629,900

PURCHASE PRICE

$2,151$2,629$2,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,390
EXPENSES Loan Payment -$2,188
Property Tax -$671
Property Insurance -$83
Property Management Fees -$141
CASH FLOW
-$693

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.

$629,900

PROJECTED PRICE

$2,390

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 7.7%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$172,674

INVESTMENT

$172,674

Down Payment
$157,475
Rehab Estimate
$5,750
Closing Costs
$9,449

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,188

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $157,475
Loan Amount $472,425
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$1,103

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,390

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $2,533

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$2,250
1$2,2502$2,3903$2,4504$2,5005$2,600
$2,600
RENT COMPS ANALYSIS
  • 31125 Ruidosa Street Temecula, CA 2
    • 4 beds 3 baths ∙ 2,292 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,292 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $2,390
    • $1.04
    •  
  • 45435 Piute Street Temecula, CA 1
    • 3 beds 3 baths ∙ 2,250 Sqft ∙ Built 1988 3 beds 3 baths ∙ 2,250 Sqft ∙ Built 1988
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.00
    •  
  • 31894 Red Pine Way Temecula, CA 3
    • 3 beds 3 baths ∙ 2,156 Sqft ∙ Built 2011 3 beds 3 baths ∙ 2,156 Sqft ∙ Built 2011
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.14
    •  
  • 31553 Six Rivers Court Temecula, CA 4
    • 4 beds 3 baths ∙ 2,274 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,274 Sqft ∙ Built 2006
    LEASED 08/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.10
    •  
  • 31887 Domenoe Way Temecula, CA 5
    • 4 beds 3 baths ∙ 2,203 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,203 Sqft ∙ Built 2007
    LEASED 10/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.18
    •  
PROPERTY LISTING DETAILS
David Bowers
Stockup Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW21049398
Last Updated: 03/13/2021
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