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45923 Jeronimo Street Temecula, CA 92592

4 Beds 3 Baths 2,499 sqft Built 1988

$535,000

List Price

$2,500

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $214.09
  • 3 Days on Market
  • MLS # : SW21063384
  • Updated Date : 03/26/2021 at 10:01
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,499 sqft
  • Baths : 3 full
Listing Agent

Listed Simply

Listing Agent's Description

This Beautiful home features 4 bedrooms, 3 full bath, vaulted ceiling‘s, laundry room, large kitchen which includes a stainless steel refrigerator, stainless steel stove, stainless steel dishwasher. Master bedroom has oversize tub and separate shower, Jack and Jill bathroom joining the two bedrooms upstairs, breath taking taking views, picturesque walking paths and close to everything you need like K through 12 schools in walking distance, grocery stores, fast food, retail stores, banks and Casino near by. Temecula is an upscale safe city that is fantastic to raise a family in.

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MARKET HIGHLIGHTS

  • 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.
  • 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)

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
Temecula Luiseno Elementary School Primary Regular 1,013 39 8
Erle Stanley Gardner Middle School Middle Regular 1,076 41 9
Great Oak High School High Regular 3,621 130 10

Temecula Luiseno Elementary School

  • Education Level: Primary
  • # of students: 1,013
  • # of teachers: 39
8
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
 

$481,500$588,500$535,000

PURCHASE PRICE

$2,250$2,750$2,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,500
EXPENSES Loan Payment -$1,858
Property Tax -$570
Property Insurance -$88
HOA -$33
Property Management Fees -$148
CASH FLOW
-$196

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.

$535,000

PROJECTED PRICE

$2,500

PROJECTED RENT

0.47%

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$1.4M$1.6M$1.8M

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$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$147,525

INVESTMENT

$147,525

Down Payment
$133,750
Rehab Estimate
$5,750
Closing Costs
$8,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,858

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $133,750
Loan Amount $401,250
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$17,336

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,500

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $2,499

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$2,395
1$2,3952$2,5003$2,5954$2,6005$2,850
$2,850
RENT COMPS ANALYSIS
  • 45923 Jeronimo Street Temecula, CA 2
    • 4 beds 3 baths ∙ 2,499 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,499 Sqft ∙ Built 1988
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.00
    •  
  • 45643 Seagull Way Temecula, CA 1
    • 4 beds 3 baths ∙ 2,628 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,628 Sqft ∙ Built 2005
    property image
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.91
    •  
  • 45657 Corte Lobos Temecula, CA 3
    • 5 beds 3 baths ∙ 2,650 Sqft ∙ Built 1994 5 beds 3 baths ∙ 2,650 Sqft ∙ Built 1994
    property image
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.98
    •  
  • 46284 Grass Meadow Way Temecula, CA 4
    • 3 beds 3 baths ∙ 2,517 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,517 Sqft ∙ Built 2007
    property image
    LEASED 01/11/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.03
    •  
  • 31937 Penguin Place Temecula, CA 5
    • 4 beds 4 baths ∙ 2,632 Sqft ∙ Built 2005 4 beds 4 baths ∙ 2,632 Sqft ∙ Built 2005
    property image
    LEASED 02/19/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.08
    •  
PROPERTY LISTING DETAILS
Sinan Zakaria
Listed Simply
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW21063384
Last Updated: 03/26/2021
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