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

33830 Abbey Rd. Temecula, CA 92592

4 Beds 3 Baths 2,090 sqft Built 2001

$565,000

List Price

$2,390

$2.2K - $2.6K

Rent Est.

PROPERTY INFO

January 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $270.33
  • 4 Days on Market
  • MLS # : 210001678
  • Updated Date : 01/23/2021 at 09:51
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,090 sqft
  • Baths : 2 full , 1 half
Listing Agent

Wemanage Realty

Listing Agent's Description

Fantastic Home in the hills of Redhawk/Summerhill & Great Oak High School Boundary. Premium hillside lot w/ endless views and no homes directly behind. 50’+ of driveway and 3 car garage. Low maint backyard w/ artificial grass, plants, & mature trees. 7' Fire Pit w/seating for 12 people! 22x10 Alumawood PatioCover. 8-Person Caldera Cantabria Spa is included! Beautiful interiors with recessed lighting in Living/Dining, Fireplace, Granite Kitchen Counters, Pantry, Wood Plank Tile Floor. Other remarks below. Fantastic Home in the hills of Redhawk/Summerhill & Great Oak High School Boundary. Situated on a premium hillside lot w/ endless views and the privacy of no homes directly behind. All the parking you need with over 50’ of driveway & 3 car garage (2+1). Single garage has a wall unit A/C. This home features a backyard built for entertainment and outdoor living. Low maintenance backyard with artificial grass, drought tolerant plants, & mature trees. 7ft custom built Fire Pit with seating for 12 people! 22’x10 Alumawood Patio Cover with 2 fans, patio lights, and flood lights to the yard. Stamped concrete patio floor, concrete hot tub pad and an 8-Person Caldera Cantabria Hot Tub included in the sale. Beautiful interiors with recessed lighting in Living/Dining, Fireplace, Granite Kitchen Counters, Walk-in Pantry, recently done 6”x40” Soft Greige Wood Plank Porcelain Tile Flooring throughout main level, 2 Quiet Cool Whole House Fans for maximum cooling efficiency, Engineered Hardwood Flooring upstairs, 16” Tile in Master Bath, and new carpet in 2 of the bedrooms. This home is ready to go! You will love it! Schools: Tony Tobin Elementary, Vail Ranch Middle, Great Oak High School. Equipment: Garage Door Opener, Range/Oven Other Fees: 0 Sewer: Sewer Connected Topography: ,RSLP,GSL

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: Morgan Hill

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750k800k850kPrice in $149k858k

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

Neighborhood: Morgan Hill

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2120014001600180020002200240026002800Rent in $10822930

* 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
 

$508,500$621,500$565,000

PURCHASE PRICE

$2,151$2,629$2,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,390
EXPENSES Loan Payment -$1,962
Property Tax -$678
Property Insurance -$78
HOA -$35
Property Management Fees -$141
CASH FLOW
-$504

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.

$565,000

PROJECTED PRICE

$2,390

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 7.0%
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

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$155,475

INVESTMENT

$155,475

Down Payment
$141,250
Rehab Estimate
$5,750
Closing Costs
$8,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,962

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $141,250
Loan Amount $423,750
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$3,245

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,390

    LIST RENT
  • $1.14

    LIST RENT PER SQFT
  • $2,534

    COMP ESTIMATED VALUE
  • $1.21

    COMP AVG. RENT PER SQFT
Comps Range
$2,390
1$2,3902$2,7003$2,7004$2,7005$2,795
$2,795
RENT COMPS ANALYSIS
  • 33830 Abbey Rd. Temecula, CA 1
    • 4 beds 3 baths ∙ 2,090 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,090 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $2,390
    • $1.14
    •  
  • 34336 Coppola Street Temecula, CA 2
    • 4 beds 3 baths ∙ 2,374 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,374 Sqft ∙ Built 2012
    LEASED 11/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.14
    •  
  • 33566 Maplewood Court Temecula, CA 3
    • 4 beds 3 baths ∙ 2,262 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,262 Sqft ∙ Built 1999
    LEASED 09/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.19
    •  
  • 33039 Harmony Lane Temecula, CA 4
    • 4 beds 3 baths ∙ 2,062 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,062 Sqft ∙ Built 1997
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.31
    •  
  • 44394 Short Court Temecula, CA 5
    • 4 beds 3 baths ∙ 2,301 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,301 Sqft ∙ Built 2001
    LEASED 01/06/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $1.21
    •  
PROPERTY LISTING DETAILS
Josh Call
Wemanage Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: 210001678
Last Updated: 01/23/2021
BESbswy