Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

33334 Eastridge Place Temecula, CA 92592

4 Beds 3 Baths 2,725 sqft Built 2000

$599,000

List Price

$2,660

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $219.82
  • 3 Days on Market
  • MLS # : NDP2100756
  • Updated Date : 01/23/2021 at 18:08
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,725 sqft
  • Baths : 3 full
Listing Agent

Big Block Realty

Listing Agent's Description

Spectacular home with views in the Redhawk Community of south Temecula is a must see! The flagstone walkway leads to the entry and immediately opens to the spacious living and dining rooms boasting high ceilings and a bright open floor plan. Quartz countertops throughout the home, newer wood laminate flooring on the staircase and second level. One bedroom and bathroom on the main level. Upstairs loft with built-in desk. Huge master bedroom with mountain views, two walk-in closets, and separate shower and bathtub. Laundry room conveniently located upstairs. Updated kitchen with stainless steel appliances, double oven, and walk-in pantry. Large family room with gas fireplace, built-in cabinet, and opens to the kitchen making it great for entertaining. Hang out in the private, low maintenance backyard with covered patio, seating area, and inviting landscaping. Just minutes to schools, major shopping, dining, and highways.

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Temecula Ranchos

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650kPrice in $149k671k

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

Neighborhood: Temecula Ranchos

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q212001400160018002000220024002600Rent in $10822646

* 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
Tony Tobin Elementary School Primary Regular 859 32 8
Vail Ranch Middle School Middle Regular 1,149 45 8
Great Oak High School High Regular 3,621 130 10

Tony Tobin Elementary School

  • Education Level: Primary
  • # of students: 859
  • # of teachers: 32
8
GreatSchools Rating

Vail Ranch Middle School

  • Education Level: Middle
  • # of students: 1,149
  • # of teachers: 45
8
GreatSchools Rating

Great Oak High School

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

$539,100$658,900$599,000

PURCHASE PRICE

$2,394$2,926$2,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,660
EXPENSES Loan Payment -$2,081
Property Tax -$719
Property Insurance -$93
HOA -$34
Property Management Fees -$157
CASH FLOW
-$423

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.

$599,000

PROJECTED PRICE

$2,660

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 4.9%
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

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$164,485

INVESTMENT

$164,485

Down Payment
$149,750
Rehab Estimate
$5,750
Closing Costs
$8,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,081

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $149,750
Loan Amount $449,250
See What Happens When You Reinvest Cash Flow

1.92

YEARS SAVED

$7,486

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,660

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $2,807

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,6603$2,8504$2,9755$3,000
$3,000
RENT COMPS ANALYSIS
  • 33334 Eastridge Place Temecula, CA 2
    • 4 beds 3 baths ∙ 2,725 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,725 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,660
    • $0.98
    •  
  • 45309 Quail Crest Drive Temecula, CA 1
    • 3 beds 3 baths ∙ 2,762 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,762 Sqft ∙ Built 2000
    property image
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.94
    •  
  • 33801 Star Hill Street Temecula, CA 3
    • 4 beds 3 baths ∙ 2,786 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,786 Sqft ∙ Built 2004
    property image
    LEASED 09/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.02
    •  
  • 33294 Barmetta Lane Temecula, CA 4
    • 4 beds 3 baths ∙ 2,700 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,700 Sqft ∙ Built 2017
    property image
    LEASED 02/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,975
    • $1.10
    •  
  • 45783 Cebalo Street Temecula, CA 5
    • 4 beds 4 baths ∙ 2,820 Sqft ∙ Built 2020 4 beds 4 baths ∙ 2,820 Sqft ∙ Built 2020
    property image
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.06
    •  
PROPERTY LISTING DETAILS
Christopher Sloan
Big Block Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: NDP2100756
Last Updated: 01/23/2021
BESbswy