We're real estate broker/agent for bank owned properties, and we're also investors.
I agree that there may be places with higher rents compared to purchase costs, however, buying in Temecula with excellent schools, low crime, and tenants with decent credit and job history, is why i purchase in the Temecula Area. It is also within a decent drive to San DIego.
The tenants i have dealt with in Temecula have maintained the property and paid on time and in full.
Harold Sharpe - Broker
So Cal Homes Realty
CA. DRE Lic. # 01312992
You can learn more about "Fundamental value and the price-rent ratio" at the link below...
I have no idea what the average in Temecula is but I can help you understand and
apply the concept in the purchase of a home for investment or to live in yourself.
If you have any questions, feel welcome to call me at 951-308-1917
Richard Greenwood MBA, Twealtor
There is a website http://www.rentometer.com , it will help you gauge rent for the area but it is not going to tell home selling price to rent ratio if that is what you are asking. Home selling price to rent ratio is really too difficult to guage. I will tell you that the majority do look for $1800 and under. Still $2000 and under still rents fairly well, anything over that better have something special about the home.