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42092 Orange Blossom Drive Temecula, CA 92591

3 Beds 3 Baths 1,922 sqft Built 1999

$460,000

List Price

$2,250

$2K - $2.5K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $239.33
  • 20 Days on Market
  • MLS # : NDP2002701
  • Updated Date : 12/02/2020 at 15:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,922 sqft
  • Baths : 3 full
Listing Agent

Exp Realty Of California, Inc

Listing Agent's Description

Welcome to the popular gated community of Laurel Creek! This beautiful home is one of the largest lots in this highly sought after development in South Temecula. This gorgeous home features granite tile kitchen countertops, center island and gorgeous new appliances. The backyard is truly an entertainers dream with the grapevines, artificial turf and a patio cover! As soon as you walk in the door, you are greeted with high ceilings, a fireplace, 3 bedrooms and 2.5 bathrooms, upstairs laundry room, great size bedrooms and a bonus loft that can easily be converted into a 4th bedroom! The master bedrooms comes with vaulted ceilings, a large closet, master bathroom with dual vanity sinks, separate walk-in shower and a soaking tub! Plenty of storage which includes under stairs closet & additional storage in the 2-car garage! Newer tankless water heater, LOW taxes, solar panels! The low monthly HOA fee includes a community clubhouse, playground, 2 parks, swimming pool, spa and included trash / sewer. Close to wineries, shopping centers, Old Town Temecula, and so much more! Start 2021 as a homeowner in this gorgeous Temecula home! Showing to begin early December!

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MARKET HIGHLIGHTS

  • 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.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Tuscany Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $143k614k

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

Neighborhood: Tuscany Ridge

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q211001200130014001500160017001800190020002100220023002400Rent in $10822474

* 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
Temecula Elementary School Primary Regular 632 26 5
Margarita Middle School Middle Regular 862 33 7
Temecula Valley High School High Regular 2,722 103 9

Temecula Elementary School

  • Education Level: Primary
  • # of students: 632
  • # of teachers: 26
5
GreatSchools Rating

Margarita Middle School

  • Education Level: Middle
  • # of students: 862
  • # of teachers: 33
7
GreatSchools Rating

Temecula Valley High School

  • Education Level: High
  • # of students: 2,722
  • # of teachers: 103
9
GreatSchools Rating
 

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

PURCHASE PRICE

$2,025$2,475$2,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,250
EXPENSES Loan Payment -$1,697
Property Tax -$470
Property Insurance -$74
HOA -$110
Property Management Fees -$133
CASH FLOW
-$234

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

$2,250

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 5.7%
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$15k

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 55% 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

3.17

YEARS SAVED

$13,785

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,250

    LIST RENT
  • $1.17

    LIST RENT PER SQFT
  • $2,263

    COMP ESTIMATED VALUE
  • $1.18

    COMP AVG. RENT PER SQFT
Comps Range
$2,050
1$2,0502$2,1503$2,2504$2,3505$2,400
$2,400
RENT COMPS ANALYSIS
  • 42092 Orange Blossom Drive Temecula, CA 3
    • 3 beds 3 baths ∙ 1,922 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,922 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.17
    •  
  • 42014 Acacia Way Temecula, CA 1
    • 3 beds 3 baths ∙ 1,922 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,922 Sqft ∙ Built 2000
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.07
    •  
  • 42171 Orange Blossom Drive Temecula, CA 2
    • 3 beds 3 baths ∙ 1,787 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,787 Sqft ∙ Built 2000
    LEASED 01/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.20
    •  
  • 29688 Ramsey Court Temecula, CA 4
    • 4 beds 3 baths ∙ 1,856 Sqft ∙ Built 1988 4 beds 3 baths ∙ 1,856 Sqft ∙ Built 1988
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.27
    •  
  • 42145 Calabria Drive Temecula, CA 5
    • 3 beds 3 baths ∙ 2,060 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,060 Sqft ∙ Built 2001
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.17
    •  
PROPERTY LISTING DETAILS
Briana Palitz
Exp Realty Of California, Inc
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: NDP2002701
Last Updated: 12/02/2020
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