Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

39427 Canyon Rim Circle Temecula, CA 92591

3 Beds 2 Baths 1,232 sqft Built 1987

INVESTimate

$405,000

List Price

$1,920

$1,728 - $2,112

Rent Est.

$430,110  ( +6.20%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1987
  • Price/Sqft : $328.73
  • 25 Days on Market
  • MLS # : SW20154764
  • Updated Date : 08/21/2020 at 05:08
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,232 sqft
  • Baths : 2 full
Listing Agent

Reliable Realty Inc.

Listing Agent's Description

This is the home you have been searching for. Single story with a large yard, on a cul-de-sac, no HOA, and low taxes. Lovely open concept with vaulted ceilings, remodeled kitchen with beautiful cabinets and granite counters. Upgraded energy efficient windows/sliding doors, upgraded flooring, stucco has energy efficient coating, so many nice touches throughout. Centrally located close to shopping and schools.

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: Winchester Creek

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $143k614k

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

Neighborhood: Winchester Creek

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q210001200140016001800200022002400Rent in $9892474

* 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
Ysabel Barnett Elementary School Primary Regular 941 35 8
James L. Day Middle School Middle Regular 994 38 8
Chaparral High School High Regular 3,237 120 9

Ysabel Barnett Elementary School

  • Education Level: Primary
  • # of students: 941
  • # of teachers: 35
8
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
 

$364,500$445,500$405,000

PURCHASE PRICE

$1,728$2,112$1,920

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

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,920
EXPENSES Loan Payment -$1,494
Property Tax -$446
Property Insurance -$57
Property Management Fees -$113
CASH FLOW
-$191

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.

$405,000

PROJECTED PRICE

$1,920

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 6.20%
Maintenance Year (1-5) 8.00%
Vacancy 5.43%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$113,075

INVESTMENT

$113,075

Down Payment
$101,250
Rehab Estimate
$5,750
Closing Costs
$6,075

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,494

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $101,250
Loan Amount $303,750
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$13,632

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,920

    LIST RENT
  • $1.56

    LIST RENT PER SQFT
  • $1,700

    COMP ESTIMATED VALUE
  • $1.38

    COMP AVG. RENT PER SQFT
Comps Range
$1,875
1$1,8752$1,9003$1,9204$1,9755$2,000
$2,000
RENT COMPS ANALYSIS
  • 39427 Canyon Rim Circle Temecula, 3
    • 3 beds 2 baths ∙ 1,232 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,232 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $1,920
    • $1.56
    •  
  • 27192 Rainbow Creek Drive Temecula, 1
    • 3 beds 3 baths ∙ 1,383 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,383 Sqft ∙ Built 1988
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $1.36
    •  
  • 39486 Tangletree Way Murrieta, 2
    • 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 1996
    LEASED 10/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.34
    •  
  • 30389 Buccaneer Bay Murrieta, 4
    • 3 beds 3 baths ∙ 1,387 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,387 Sqft ∙ Built 2002
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $1.42
    •  
  • 30161 Sierra Madre Drive Temecula, 5
    • 4 beds 2 baths ∙ 1,424 Sqft ∙ Built 1991 4 beds 2 baths ∙ 1,424 Sqft ∙ Built 1991
    LEASED 10/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.40
    •  
PROPERTY LISTING DETAILS
Yvonne Tapia
Reliable Realty Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW20154764
Last Updated: 08/21/2020
BESbswy