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31767 Sweetwater Circle Temecula, CA 92591

4 Beds 4 Baths 2,407 sqft Built 2013

INVESTimate

$549,000

List Price

$2,710

$2,460 - $2,960

Rent Est.

$580,019  ( +5.65%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 2013
  • Price/Sqft : $228.08
  • 5 Days on Market
  • MLS # : IV20172775
  • Updated Date : 08/24/2020 at 07:49
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,407 sqft
  • Baths : 3 full , 1 half
Listing Agent

Valley Homes And Estates

Listing Agent's Description

Absolutely gorgeous RARE Single-Story in the Exclusive Gated Community of Roripaugh Ranch. This 4-bedroom 3.5 bath open concept home has been highly upgraded throughout and offers plenty of space for your family and guests. This turn-key home boasts true low maintenance living with pavers in the front and rear yards, with full length alumawood patio cover offering plenty of room for entertaining. The front two bedrooms share a Jack and Jill bathroom, while the additional guest room offers an attached full bath. The master bedroom offers a spacious bath with dual vanities and a large walk-in closet. Don’t miss this opportunity to own a RARE single-story home in the true resort style community of Roripaugh Ranch with Clubhouse, 24 hr. fitness center, Pool and Spa, basketball and Tennis Courts, Activity Trail, and Multiple Parks. Conveniently located close to shopping, Temecula Wine Country, The Promenade Mall, Freeways, and within the Award-winning Temecula School District!

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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
 

$494,100$603,900$549,000

PURCHASE PRICE

$2,439$2,981$2,710

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$15k

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 $2,710
EXPENSES Loan Payment -$2,026
Property Tax -$657
Property Insurance -$85
HOA -$188
Property Management Fees -$160
CASH FLOW
-$406

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.

$549,000

PROJECTED PRICE

$2,710

PROJECTED RENT

0.49%

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$151,235

INVESTMENT

$151,235

Down Payment
$137,250
Rehab Estimate
$5,750
Closing Costs
$8,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,026

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $137,250
Loan Amount $411,750
See What Happens When You Reinvest Cash Flow

1.83

YEARS SAVED

$8,101

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,710

    LIST RENT
  • $1.13

    LIST RENT PER SQFT
  • $2,347

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$2,250
1$2,2502$2,3953$2,4504$2,5005$2,710
$2,710
RENT COMPS ANALYSIS
  • 31767 Sweetwater Circle Temecula, 5
    • 4 beds 4 baths ∙ 2,407 Sqft ∙ Built 2013 4 beds 4 baths ∙ 2,407 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $2,710
    • $1.13
    •  
  • 38939 Autumn Woods Road Murrieta, 1
    • 4 beds 3 baths ∙ 2,330 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,330 Sqft ∙ Built 2002
    LEASED 06/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.97
    •  
  • 31531 Whitedove Lane Murrieta, 2
    • 4 beds 3 baths ∙ 2,579 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,579 Sqft ∙ Built 2003
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.93
    •  
  • 39157 Hidden Creek Lane Temecula, 3
    • 4 beds 3 baths ∙ 2,389 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,389 Sqft ∙ Built 2015
    LEASED 06/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.03
    •  
  • 38443 Magdelena Street Murrieta, 4
    • 4 beds 3 baths ∙ 2,579 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,579 Sqft ∙ Built 2005
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.97
    •  
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 #: IV20172775
Last Updated: 08/24/2020
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