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33307 Willow Tree Lane Wildomar, CA 92595

4 Beds 3 Baths 2,246 sqft Built 1985

$499,500

List Price

$2,290

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $222.40
  • 4 Days on Market
  • MLS # : SW21051733
  • Updated Date : 03/12/2021 at 17:11
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,246 sqft
  • Baths : 2 full , 1 half
Listing Agent

Allison James Estates & Homes

Listing Agent's Description

This home will not last long in this HOT Market! This darling country home is in the highly desired community of the Victorian Estates and sits on just under 1/2 acre lot perched above Wildomar overlooking the hills of Lake Elsinore. With the zoning available for all animals, and the lot size, this home opens the imagination of every home owner and is ready to make any family's dream come true! The home features 4 bedrooms 2.5 baths and 2246 interior living space. Granite counter tops in the bathrooms and kitchen, wood and tile flooring. The Master bedroom has french doors opens to a spacious 16 x 30 deck overlooking the Beautiful Ortega Mountains. Master Bathroom includes a Jacuzzi Jet bathtub to enjoy after those long days. The home has reverse osmosis, newer stainless Refrigerator, Washer & Dryer are all included. The exterior of the home is incredible! The covered patio is hard lined for a BBQ island, perfect for those family nights! The home includes potential RV access, a large 25 x 25 concrete pad for a basketball court or other storage unit. In case you need additional storage, this home has a large 3 car garage and large storage unit, that can easily be converted to a play house or He/She Shed! Please contact agent directly for all showings, Directions in Agent Notes. Follow all Safety Precautions. Please Do not use Showing Time.

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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: 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
Ronald Reagan Elementary School Primary Regular 709 30 4
David A. Brown Middle School Middle Regular 1,010 41 4
Elsinore High School High Regular 2,125 90 5

Ronald Reagan Elementary School

  • Education Level: Primary
  • # of students: 709
  • # of teachers: 30
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
 

$449,550$549,450$499,500

PURCHASE PRICE

$2,061$2,519$2,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,290
EXPENSES Loan Payment -$1,735
Property Tax -$441
Property Insurance -$82
Property Management Fees -$135
CASH FLOW
-$102

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.

$499,500

PROJECTED PRICE

$2,290

PROJECTED RENT

0.46%

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$15k$20k

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$138,118

INVESTMENT

$138,118

Down Payment
$124,875
Rehab Estimate
$5,750
Closing Costs
$7,493

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,735

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $124,875
Loan Amount $374,625
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$23,412

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,290

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $2,235

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$2,035
1$2,0352$2,2503$2,290
$2,290
RENT COMPS ANALYSIS
  • 33307 Willow Tree Lane Wildomar, CA 3
    • 4 beds 3 baths ∙ 2,246 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,246 Sqft ∙ Built 1985
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,290
    • $1.02
    •  
  • 31950 Hollyhock Street Lake Elsinore, CA 1
    • 3 beds 3 baths ∙ 2,000 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,000 Sqft ∙ Built 2002
    property image
    LEASED 09/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,035
    • $1.02
    •  
  • 31962 Hollyhock Street Lake Elsinore, CA 2
    • 4 beds 3 baths ∙ 2,317 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,317 Sqft ∙ Built 2002
    property image
    LEASED 06/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.97
    •  
PROPERTY LISTING DETAILS
Quintina Nordman
Allison James Estates & Homes
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW21051733
Last Updated: 03/12/2021
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