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44601 La Paz Rd Temecula, CA 92592

3 Beds 3 Baths 1,889 sqft Built 1973

$390,000

List Price

$1,940

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $206.46
  • 3 Days on Market
  • MLS # : SW21004436
  • Updated Date : 01/08/2021 at 17:18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,889 sqft
  • Baths : 2 full , 1 half
Listing Agent

Century 21 Award-tem Redhawk

Listing Agent's Description

Upgraded 1889 square foot condo with 3 bedroom plus playroom and a large private fenced backyard located in South Temecula. What a rarity to find the square footage that this home offers for the price and with low taxes, plus water is included in the HOA! Ding ding ding....... winner winner, chicken dinner!!!!! The living room has a fireplace and opens up to the spacious kitchen and dining room. All 3 large bedrooms are located on the 2nd floor plus a niche that can be used as a small office space. The backyard is large and is fenced for privacy. There is an attached garage with laundry hookups and a attached carport. The amenities include, 2 pools, hot tub, clubhouse, basketball. The location is so convenient to the 15 freeway and to shopping.

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: Redhawk

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $149k620k

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

Neighborhood: Redhawk

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
Red Hawk Elementary School Primary Regular 524 21 9
Erle Stanley Gardner Middle School Middle Regular 1,076 41 9
Great Oak High School High Regular 3,621 130 10

Red Hawk Elementary School

  • Education Level: Primary
  • # of students: 524
  • # of teachers: 21
9
GreatSchools Rating

Erle Stanley Gardner Middle School

  • Education Level: Middle
  • # of students: 1,076
  • # of teachers: 41
9
GreatSchools Rating

Great Oak High School

  • Education Level: High
  • # of students: 3,621
  • # of teachers: 130
10
GreatSchools Rating
 

$351,000$429,000$390,000

PURCHASE PRICE

$1,746$2,134$1,940

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,940
EXPENSES Loan Payment -$1,355
Property Tax -$398
Property Insurance -$73
HOA -$305
Property Management Fees -$114
CASH FLOW
-$305

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.

$390,000

PROJECTED PRICE

$1,940

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 7.7%
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-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$109,100

INVESTMENT

$109,100

Down Payment
$97,500
Rehab Estimate
$5,750
Closing Costs
$5,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,355

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $97,500
Loan Amount $292,500
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$2,636

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,940

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $2,215

    COMP ESTIMATED VALUE
  • $1.17

    COMP AVG. RENT PER SQFT
Comps Range
$1,940
1$1,9402$2,1003$2,3004$2,4005$2,450
$2,450
RENT COMPS ANALYSIS
  • 44601 La Paz Rd Temecula, CA 1
    • 3 beds 3 baths ∙ 1,889 Sqft ∙ Built 1973 3 beds 3 baths ∙ 1,889 Sqft ∙ Built 1973
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,940
    • $1.03
    •  
  • 44628 La Paz Road Temecula, CA 2
    • 3 beds 3 baths ∙ 1,889 Sqft ∙ Built 1973 3 beds 3 baths ∙ 1,889 Sqft ∙ Built 1973
    property image
    LEASED 08/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.11
    •  
  • 42547 Escolacata Drive Temecula, CA 3
    • 4 beds 2 baths ∙ 1,848 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,848 Sqft ∙ Built 1979
    property image
    LEASED 12/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.24
    •  
  • 45534 Olympic Way Temecula, CA 4
    • 4 beds 3 baths ∙ 2,068 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,068 Sqft ∙ Built 1986
    property image
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.16
    •  
  • 30891 Greensboro Drive Temecula, CA 5
    • 4 beds 3 baths ∙ 2,068 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,068 Sqft ∙ Built 1986
    property image
    LEASED 07/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.18
    •  
PROPERTY LISTING DETAILS
Gina Rovere
Century 21 Award-tem Redhawk
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW21004436
Last Updated: 01/08/2021
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