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32767 Trailwood Court Wildomar, CA 92595

3 Beds 2 Baths 1,529 sqft Built 1992

$524,900

List Price

$2,070

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $343.30
  • 8 Days on Market
  • MLS # : SW21053337
  • Updated Date : 03/20/2021 at 05:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,529 sqft
  • Baths : 2 full
Listing Agent

Realty One Group Southwest

Listing Agent's Description

Updated inside and out. 3 BR, 2 full BA, huge workshop, 2 GAR, RV Parking. Enter through the iron gate to a lovely courtyard with patio covering (1st one), large decorative water fountain and ficus tree/shrubs. The main house greets you with an inviting, open floor plan making the home feel much larger. It is equipped with Lennox AC and heating system. All the walls are repainted with dove and simply white Benjamin Moore paint. Kitchenaid dishwasher and stove with microwave over the stove gives an industrial look. The master bedroom has a fan with USB Bluetooth speaker connection and upgraded flooring, shiplap, light fixture and mirror. Upgrades continue into the master bathroom. New flooring also exists in the 2nd bedroom and guest bathroom, which has its own upgraded vanity, light fixture and mirror. Backyard has outdoor living space for entertainment with custom wood siding on the main wall. The backyard is surrounded by vinyl white fencing on the right, block wall in the back, and privacy wood fencing on the left. A second driveway on the left side of the home has a sliding iron gate and RV or extra storage space. Approx. 750 sq. ft. workshop is professionally converted to 1 BR & 1 full BA. It has its own living room, washer/dryer hookups, AC, heater, and upgraded kitchen. New flooring throughout. Galvanized bathroom with wood shiplap and fan with USB Bluetooth speaker connection. The front and side entries of the properties are secured with locks. No HOA.

SEE MORE

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: Wildomar

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $143k529k

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

Neighborhood: Wildomar

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q21100120013001400150016001700180019002000210022002300Rent in $10782398

* 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
William Collier Elementary School Primary Regular 612 26 4
David A. Brown Middle School Middle Regular 1,010 41 4
Elsinore High School High Regular 2,125 90 5

William Collier Elementary School

  • Education Level: Primary
  • # of students: 612
  • # of teachers: 26
4
GreatSchools Rating

David A. Brown Middle School

  • Education Level: Middle
  • # of students: 1,010
  • # of teachers: 41
4
GreatSchools Rating

Elsinore High School

  • Education Level: High
  • # of students: 2,125
  • # of teachers: 90
5
GreatSchools Rating
 

$472,410$577,390$524,900

PURCHASE PRICE

$1,863$2,277$2,070

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,070
EXPENSES Loan Payment -$1,823
Property Tax -$471
Property Insurance -$64
Property Management Fees -$122
CASH FLOW
-$411

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.

$524,900

PROJECTED PRICE

$2,070

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 7.5%
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

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$144,849

INVESTMENT

$144,849

Down Payment
$131,225
Rehab Estimate
$5,750
Closing Costs
$7,874

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,823

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $131,225
Loan Amount $393,675
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$5,781

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,070

    LIST RENT
  • $1.35

    LIST RENT PER SQFT
  • $2,148

    COMP ESTIMATED VALUE
  • $1.4

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$2,0003$2,0604$2,0705$2,200
$2,200
RENT COMPS ANALYSIS
  • 32767 Trailwood Court Wildomar, CA 4
    • 3 beds 2 baths ∙ 1,529 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,529 Sqft ∙ Built 1992
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,070
    • $1.35
    •  
  • 19350 Okeechobee Lane Lake Elsinore, CA 1
    • 3 beds 2 baths ∙ 1,304 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,304 Sqft ∙ Built 1995
    property image
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.27
    •  
  • 32455 Somerset Drive Lake Elsinore, CA 2
    • 3 beds 3 baths ∙ 1,438 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,438 Sqft ∙ Built 1989
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.39
    •  
  • 19260 Pyramid Circle Lake Elsinore, CA 3
    • 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 1989
    property image
    LEASED 12/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,060
    • $1.49
    •  
  • 19405 Oakview Lane Lake Elsinore, CA 5
    • 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1995
    property image
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.47
    •  
PROPERTY LISTING DETAILS
Tammy Huynh
Realty One Group Southwest
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW21053337
Last Updated: 03/20/2021
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