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39725 Oak Cliff Drive Temecula, CA 92591

4 Beds 3 Baths 1,458 sqft Built 1988

$470,000

List Price

$1,970

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $322.36
  • 2 Days on Market
  • MLS # : IV21024352
  • Updated Date : 02/06/2021 at 09:27
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,458 sqft
  • Baths : 2 full , 1 half
Listing Agent

Opendoor Brokerage Inc.

Listing Agent's Description

This Temecula two-story cul-de-sac home offers granite countertops, a fireplace, and a two-car garage.

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
 

$423,000$517,000$470,000

PURCHASE PRICE

$1,773$2,167$1,970

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,970
EXPENSES Loan Payment -$1,632
Property Tax -$518
Property Insurance -$63
Property Management Fees -$116
CASH FLOW
-$359

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.

$470,000

PROJECTED PRICE

$1,970

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 6.2%
Maintenance Year (1-5) 8.00%
Vacancy 5.43%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$130,300

INVESTMENT

$130,300

Down Payment
$117,500
Rehab Estimate
$5,750
Closing Costs
$7,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,632

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $117,500
Loan Amount $352,500
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$5,029

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,970

    LIST RENT
  • $1.35

    LIST RENT PER SQFT
  • $2,012

    COMP ESTIMATED VALUE
  • $1.38

    COMP AVG. RENT PER SQFT
Comps Range
$1,875
1$1,8752$1,9703$2,0504$2,1005$2,250
$2,250
RENT COMPS ANALYSIS
  • 39725 Oak Cliff Drive Temecula, CA 2
    • 4 beds 3 baths ∙ 1,458 Sqft ∙ Built 1988 4 beds 3 baths ∙ 1,458 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $1,970
    • $1.35
    •  
  • 27192 Rainbow Creek Drive Temecula, CA 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
    •  
  • 28683 Bar Harbor Lane Temecula, CA 3
    • 3 beds 3 baths ∙ 1,577 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,577 Sqft ∙ Built 2007
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.30
    •  
  • 39749 Knollridge Drive Temecula, CA 4
    • 4 beds 3 baths ∙ 1,458 Sqft ∙ Built 1988 4 beds 3 baths ∙ 1,458 Sqft ∙ Built 1988
    LEASED 01/25/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.44
    •  
  • 27492 Dandelion Court Temecula, CA 5
    • 3 beds 2 baths ∙ 1,582 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,582 Sqft ∙ Built 1989
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.42
    •  
PROPERTY LISTING DETAILS
Ben Braksick
Opendoor Brokerage Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV21024352
Last Updated: 02/06/2021
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