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33386 Morning View Drive Temecula, CA 92592

4 Beds 3 Baths 2,930 sqft Built 2001

$615,000

List Price

$2,900

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $209.90
  • 5 Days on Market
  • MLS # : SW21002672
  • Updated Date : 01/08/2021 at 11:29
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,930 sqft
  • Baths : 2 full , 1 half
Listing Agent

Balloon Inc.

Listing Agent's Description

South Temecula! Saltwater POOL Home! This is an incredibly rare and special opportunity to own the best of what South Temecula has to offer. Great Oak High School, Redhawk HOA, AND low taxes. What else could you ask for in terms of neighborhood? This home has been very well upgraded through it's recent years. Pool pump is newer, pool was resurfaced in 2020. Four bedrooms PLUS an office which is an optional 5th bedroom. Two full bathrooms upstairs, and a half bathroom downstairs next to the downstairs bedroom and living room. Whole house fans, and ceiling fans in all rooms. Two newer AC condensers to GREAT work contributing to the efficiency of the home, and have HEPA air filtration. Enter through a beautiful wood leaded glass front door into the tranquil living room with vaulted ceilings. Gourmet kitchen with beautiful natural wood look and top of the line appliances. Fireplace in the master bedroom. All bedrooms have large closets, two with walk-in closets. The pool is a great escape and has nice views to the hills. DROUGHT TOLERANT LANDSCAPING! This home is move-in ready and will not last long!

SEE MORE

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: 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
 

$553,500$676,500$615,000

PURCHASE PRICE

$2,610$3,190$2,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,900
EXPENSES Loan Payment -$2,136
Property Tax -$738
Property Insurance -$98
HOA -$34
Property Management Fees -$171
CASH FLOW
-$277

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.

$615,000

PROJECTED PRICE

$2,900

PROJECTED RENT

0.47%

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$1.8M

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$168,725

INVESTMENT

$168,725

Down Payment
$153,750
Rehab Estimate
$5,750
Closing Costs
$9,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,136

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $153,750
Loan Amount $461,250
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$16,076

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,900

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $2,893

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,7003$2,8504$2,9005$3,000
$3,000
RENT COMPS ANALYSIS
  • 33386 Morning View Drive Temecula, CA 4
    • 4 beds 3 baths ∙ 2,930 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,930 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.99
    •  
  • 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
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.94
    •  
  • 33897 Flora Springs Street Temecula, CA 2
    • 5 beds 3 baths ∙ 2,898 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,898 Sqft ∙ Built 2004
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.93
    •  
  • 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
    LEASED 09/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.02
    •  
  • 45783 Cebalo Street Temecula, CA 5
    • 4 beds 4 baths ∙ 2,820 Sqft ∙ Built 2020 4 beds 4 baths ∙ 2,820 Sqft ∙ Built 2020
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.06
    •  
PROPERTY LISTING DETAILS
Dillon Hall
Balloon Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW21002672
Last Updated: 01/08/2021
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