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

39528 Diego Drive Temecula, CA 92591

3 Beds 2 Baths 1,329 sqft Built 1994

$399,900

List Price

$1,900

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1994
  • Price/Sqft : $300.90
  • 14 Days on Market
  • MLS # : SW20222537
  • Updated Date : 11/02/2020 at 15:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,329 sqft
  • Baths : 2 full
Listing Agent

Mv Professional Realty Group

Listing Agent's Description

A RARE FIND and it wont last long! SINGLE STORY SINGLE FAMILY DETACHED WITH A 3 CAR GARAGE AND LARGE YARD BACKING UP TO A MEADOW EASEMENT!!! 3/2/3 Home was a rental for 9 years and owner is doing some repairs and painting. Owner has done allot of repairs. This home has a great lot in a subdivision of single story homes. Backs up to a large easement with no one but a meadow to view. Large back yard located close to the wine country. Bring your best offer as it wont last. Home can be shown but is still in the process of some work. Seller may contribute towards cc if loan is procured through preferred lender. Home is sold as is.

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

Zip Code: 92591

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $149k614k

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

Zip Code: 92591

ZipNIR 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
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
 

$359,910$439,890$399,900

PURCHASE PRICE

$1,710$2,090$1,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,900
EXPENSES Loan Payment -$1,475
Property Tax -$428
Property Insurance -$59
Property Management Fees -$112
CASH FLOW
-$175

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.

$399,900

PROJECTED PRICE

$1,900

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 5.7%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,724

INVESTMENT

$111,724

Down Payment
$99,975
Rehab Estimate
$5,750
Closing Costs
$5,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,475

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,975
Loan Amount $299,925
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$14,573

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,900

    LIST RENT
  • $1.43

    LIST RENT PER SQFT
  • $1,920

    COMP ESTIMATED VALUE
  • $1.44

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$1,9753$2,0504$2,1005$2,200
$2,200
RENT COMPS ANALYSIS
  • 39528 Diego Drive Temecula, CA 1
    • 3 beds 2 baths ∙ 1,329 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,329 Sqft ∙ Built 1994
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.43
    •  
  • 30389 Buccaneer Bay Murrieta, CA 2
    • 3 beds 3 baths ∙ 1,387 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,387 Sqft ∙ Built 2002
    property image
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $1.42
    •  
  • 30451 Pelican Bay Murrieta, CA 3
    • 3 beds 3 baths ∙ 1,387 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,387 Sqft ∙ Built 2002
    property image
    LEASED 07/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.48
    •  
  • 30627 Gill Street Murrieta, CA 4
    • 3 beds 3 baths ∙ 1,512 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,512 Sqft ∙ Built 2003
    property image
    LEASED 07/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.39
    •  
  • 30359 Savannah Oaks Drive Murrieta, CA 5
    • 3 beds 3 baths ∙ 1,475 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,475 Sqft ∙ Built 1996
    property image
    LEASED 05/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.49
    •  
PROPERTY LISTING DETAILS
Rick Alkire
Mv Professional Realty Group
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW20222537
Last Updated: 11/02/2020
BESbswy