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39800 Roripaugh Road Temecula, CA 92591

4 Beds 3 Baths 1,996 sqft Built 1989

$460,000

List Price

$2,200

$2K - $2.4K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $230.46
  • 4 Days on Market
  • MLS # : SW20238326
  • Updated Date : 11/13/2020 at 11:07
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,996 sqft
  • Baths : 3 full
Listing Agent

United One Realty

Listing Agent's Description

Location Location Location. 4 bedroom 3 bath 3 car garage in the heart of Temecula. Cute front porch would make a great little courtyard area. One bedroom and bath downstairs. Downstairs room has french doors. Tall ceilings in the living and dining room. Sliding doors to back yard off dining area and family room. Fireplace in family room. Kitchen has granite counters and includes the refrigerator. Interior recently painted. Large back patio with lattice cover. Fun tree swing on slope in yard. 2 pools in association, plus tennis courts and park. In the award winning Temecula Valley Unified School District. Walking distance to schools. Minutes from shopping and freeway access. Don't miss out on this one!

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: Roripaugh Hills

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $148k614k

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

Neighborhood: Roripaugh Hills

NeighborhoodNIR 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
 

$414,000$506,000$460,000

PURCHASE PRICE

$1,980$2,420$2,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,200
EXPENSES Loan Payment -$1,697
Property Tax -$507
Property Insurance -$76
HOA -$90
Property Management Fees -$130
CASH FLOW
-$299

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.

$460,000

PROJECTED PRICE

$2,200

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 6.2%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$127,650

INVESTMENT

$127,650

Down Payment
$115,000
Rehab Estimate
$5,750
Closing Costs
$6,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,697

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $115,000
Loan Amount $345,000
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$9,474

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,200

    LIST RENT
  • $1.1

    LIST RENT PER SQFT
  • $2,231

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2003$2,2504$2,3005$2,350
$2,350
RENT COMPS ANALYSIS
  • 39800 Roripaugh Road Temecula, CA 2
    • 4 beds 3 baths ∙ 1,996 Sqft ∙ Built 1989 4 beds 3 baths ∙ 1,996 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.10
    •  
  • 29989 Jon Christian Place Temecula, CA 1
    • 4 beds 3 baths ∙ 1,996 Sqft ∙ Built 1990 4 beds 3 baths ∙ 1,996 Sqft ∙ Built 1990
    LEASED 12/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.10
    •  
  • 27579 Sierra Madre Drive Murrieta, CA 3
    • 4 beds 3 baths ∙ 2,015 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,015 Sqft ∙ Built 2001
    LEASED 11/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.12
    •  
  • 30204 Silver Ridge Court Temecula, CA 4
    • 3 beds 3 baths ∙ 1,970 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,970 Sqft ∙ Built 1991
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.17
    •  
  • 40184 Tanager Circle Temecula, CA 5
    • 4 beds 3 baths ∙ 2,178 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,178 Sqft ∙ Built 1990
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.08
    •  
PROPERTY LISTING DETAILS
Sarah Drago
United One Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW20238326
Last Updated: 11/13/2020
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