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42121 Rubicon Circle Temecula, CA 92591

4 Beds 3 Baths 1,697 sqft Built 1987

$494,900

List Price

$2,370

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $291.63
  • 19 Days on Market
  • MLS # : SW20261322
  • Updated Date : 01/09/2021 at 12:04
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,697 sqft
  • Baths : 2 full , 1 half
Listing Agent

Big Block Realty

Listing Agent's Description

Welcome home to 42121 Rubicon Circle, a fabulous pool home in the family friendly Villages Community right in heart of Temecula! Home is ideally located on a quiet cul-de-sac with potential RV/trailer parking. The open floor plan, features a separate formal living area with adjacent dining room which could double as a home office or ideal for distance learning center. A cozy dual faced floor to ceiling brick fireplace separates the formal and family room. The kitchen is open to the family room and boasts granite counters, large sink with bay window, coffee buffet counter, stainless steel appliances with direct slider access to an entertainers paradise backyard. Backyard features a MASSIVE private refreshing gunite pool with fun build in slide, various sitting areas with alumawood shade, lush landscaping with various fruit trees, above ground bubbling spa, dog run & build in bar b que. This backyard is truly an entertainers dream, so get ready to invite all your family & friends. As you head upstairs one bedroom has built in shelving & two of the secondary rooms have bay window w/sitting benches. Two of the upstairs rooms have laminate flooring. The Master Suite overlooks the backyard, and has been remodeled with soaking tub, dual sinks, & vanity area and his & hers closets. Conveniently located near I-15, schools, Old Town Temecula, Wine Country and walking distance to local dining and shopping. Coupled with LOW TAXES and LOW HOA, this amazing home will NOT last!

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: Alta Vista

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $143k614k

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

Neighborhood: Alta Vista

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q211001200130014001500160017001800190020002100220023002400Rent in $10592474

* 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
Rancho Elementary School Primary Regular 531 20 8
Margarita Middle School Middle Regular 862 33 7
Temecula Valley High School High Regular 2,722 103 9

Rancho Elementary School

  • Education Level: Primary
  • # of students: 531
  • # of teachers: 20
8
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
 

$445,410$544,390$494,900

PURCHASE PRICE

$2,133$2,607$2,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,370
EXPENSES Loan Payment -$1,719
Property Tax -$519
Property Insurance -$68
HOA -$44
Property Management Fees -$140
CASH FLOW
-$120

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.

$494,900

PROJECTED PRICE

$2,370

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 6.9%
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$1.6M

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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$136,899

INVESTMENT

$136,899

Down Payment
$123,725
Rehab Estimate
$5,750
Closing Costs
$7,424

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,719

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $123,725
Loan Amount $371,175
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$20,475

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,370

    LIST RENT
  • $1.4

    LIST RENT PER SQFT
  • $2,329

    COMP ESTIMATED VALUE
  • $1.37

    COMP AVG. RENT PER SQFT
Comps Range
$2,195
1$2,1952$2,2503$2,3004$2,3705$2,500
$2,500
RENT COMPS ANALYSIS
  • 42121 Rubicon Circle Temecula, CA 4
    • 4 beds 3 baths ∙ 1,697 Sqft ∙ Built 1987 4 beds 3 baths ∙ 1,697 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $2,370
    • $1.40
    •  
  • 42116 Orange Blossom Drive Temecula, CA 1
    • 3 beds 3 baths ∙ 1,629 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,629 Sqft ∙ Built 2000
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.35
    •  
  • 30288 Mersey Court Temecula, CA 2
    • 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 1988
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.39
    •  
  • 31039 Corte Anza Temecula, CA 3
    • 3 beds 3 baths ∙ 1,636 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,636 Sqft ∙ Built 1988
    LEASED 03/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.41
    •  
  • 42738 Santa Suzanne Place Temecula, CA 5
    • 4 beds 2 baths ∙ 1,863 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,863 Sqft ∙ Built 1973
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.34
    •  
PROPERTY LISTING DETAILS
Leslie Lawson
Big Block Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW20261322
Last Updated: 01/09/2021
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