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31727 Sweetwater Circle Temecula, CA 92591

4 Beds 4 Baths 2,997 sqft Built 2013

INVESTimate

$579,000

List Price

$2,700

$2,450 - $2,950

Rent Est.

$611,714  ( +5.65%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 2013
  • Price/Sqft : $193.19
  • 7 Days on Market
  • MLS # : IV20169555
  • Updated Date : 08/20/2020 at 09:13
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,997 sqft
  • Baths : 3 full , 1 half
Listing Agent

Valley Homes And Estates

Listing Agent's Description

Welcome to Roripaugh Ranch. This remarkable two-story home offers just under 3,000 sqft of living space complete with 4 bedrooms, 3.5 bathrooms, downstairs office, loft, and 3 car tandem garage. One of the bedrooms is located downstairs with an in-suite full bath and walk in closet. The downstairs has been upgraded with wood flooring throughout all the main living area. The open-concept kitchen features a large central island with granite counter tops, stainless appliances, upgraded back splash, and walk-in pantry. It opens directly to the great room and dining room making it a perfect space for entertaining. The backyard features a large allumawood patio cover and the elevated lot offers privacy from the surrounding homes with plenty of room to add a future pool or outdoor entertaining space. Upstairs you will find the master suite, 2 secondary bedrooms and secondary bath, laundry room and loft. The master suite takes advantage of the elevated loft with expansive southern views of Temecula Valley. The master bath features a large walk in shower, dual sinks, soaking tub, and large walk-in closet. Located in the highly sought after gated community of Roripaugh Ranch featuring country club like amenities including large club house, pool, spa, fitness center, tennis courts, basketball courts, central park and tot lot, and a private walking trail. Combine this with the low tax rate and Temecula Valley School District and you can't go wrong.

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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: Roripaugh Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900kPrice in $149k960k

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

Neighborhood: Roripaugh Ranch

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q21200140016001800200022002400260028003000Rent in $10823065

* 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
Nicolas Valley Elementary School Primary Regular 753 29 6
James L. Day Middle School Middle Regular 994 38 8
Chaparral High School High Regular 3,237 120 9

Nicolas Valley Elementary School

  • Education Level: Primary
  • # of students: 753
  • # of teachers: 29
6
GreatSchools Rating

James L. Day Middle School

  • Education Level: Middle
  • # of students: 994
  • # of teachers: 38
8
GreatSchools Rating

Chaparral High School

  • Education Level: High
  • # of students: 3,237
  • # of teachers: 120
9
GreatSchools Rating
 

$521,100$636,900$579,000

PURCHASE PRICE

$2,430$2,970$2,700

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

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 $2,700
EXPENSES Loan Payment -$2,136
Property Tax -$693
Property Insurance -$100
HOA -$188
Property Management Fees -$159
CASH FLOW
-$576

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

$2,700

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 5.65%
Maintenance Year (1-5) 8.00%
Vacancy 5.35%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$159,185

INVESTMENT

$159,185

Down Payment
$144,750
Rehab Estimate
$5,750
Closing Costs
$8,685

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,136

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $144,750
Loan Amount $434,250
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$2,761

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,700

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $2,720

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$2,350
1$2,3502$2,3953$2,7004$2,7005$2,800
$2,800
RENT COMPS ANALYSIS
  • 31727 Sweetwater Circle Temecula, 4
    • 4 beds 4 baths ∙ 2,997 Sqft ∙ Built 2013 4 beds 4 baths ∙ 2,997 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.90
    •  
  • 30904 Suzi Lane Temecula, 1
    • 3 beds 3 baths ∙ 2,675 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,675 Sqft ∙ Built 2005
    LEASED 07/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.88
    •  
  • 38279 Hermosa Murrieta, 2
    • 5 beds 3 baths ∙ 2,916 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,916 Sqft ∙ Built 2004
    LEASED 01/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.82
    •  
  • 31609 Country View Road Temecula, 3
    • 5 beds 5 baths ∙ 2,696 Sqft ∙ Built 2013 5 beds 5 baths ∙ 2,696 Sqft ∙ Built 2013
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.00
    •  
  • 39159 Twin Creek Drive Temecula, 5
    • 4 beds 4 baths ∙ 3,017 Sqft ∙ Built 2013 4 beds 4 baths ∙ 3,017 Sqft ∙ Built 2013
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.93
    •  
PROPERTY LISTING DETAILS
Jason Young
Valley Homes And Estates
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV20169555
Last Updated: 08/20/2020
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