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35902 Butchart Street Wildomar, CA 92595

5 Beds 3 Baths 2,876 sqft Built 2005

INVESTimate

$549,900

List Price

$2,430

$2,187 - $2,673

Rent Est.

$591,362  ( +7.54%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2005
  • Price/Sqft : $191.20
  • 7 Days on Market
  • MLS # : IV20171334
  • Updated Date : 08/22/2020 at 05:06
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,876 sqft
  • Baths : 3 full
Listing Agent

Active Realty

Listing Agent's Description

Don't miss this immaculate, move in ready home located in Wildomars Estrella Hills. Luxury living in this spacious 5 bedrooms / 3 bath home with large open living areas to enjoy. Formal dining room and living room area with vaulted ceilings. The Master bedroom retreat has a balcony to relax and enjoy your hillside view. Large walk in shower and spa like tub, double granite sink and oversized walk in closet. Immaculate home with hardwood floors, wood blinds, chef’s kitchen with granite countertops, and stainless steel appliances. Water heater and air conditioning units were recently replaced, along with new window and patio screens. Home interior was also recently painted along with exterior trim and garage doors. Home has solar panels that reduce your utility bills and can be easily transferred to the new owner. Additional bedrooms upstairs and downstairs are larger than normal and have walk in closets. Well kept front and backyard with sprinkler system and paved patio area that has room to enjoy a pool and spa. Low HOA and close to local shopping and freeway.

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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
 

$494,910$604,890$549,900

PURCHASE PRICE

$2,187$2,673$2,430

RENT

DOWN PAYMENT
FINANCING

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,430
EXPENSES Loan Payment -$2,029
Property Tax -$495
Property Insurance -$97
HOA -$98
Property Management Fees -$143
CASH FLOW
-$432

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.

$549,900

PROJECTED PRICE

$2,430

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 7.54%
Maintenance Year (1-5) 8.00%
Vacancy 5.43%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,474

INVESTMENT

$151,474

Down Payment
$137,475
Rehab Estimate
$5,750
Closing Costs
$8,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,029

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $137,475
Loan Amount $412,425
See What Happens When You Reinvest Cash Flow

1.92

YEARS SAVED

$8,107

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,430

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $2,430

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$2,375
1$2,3752$2,4003$2,4304$2,4505$2,500
$2,500
RENT COMPS ANALYSIS
  • 35902 Butchart Street Wildomar, 3
    • 5 beds 3 baths ∙ 2,876 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,876 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,430
    • $0.84
    •  
  • 23586 Red Oak Lane Murrieta, 1
    • 5 beds 3 baths ∙ 2,778 Sqft ∙ Built 2003 5 beds 3 baths ∙ 2,778 Sqft ∙ Built 2003
    property image
    LEASED 08/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,375
    • $0.85
    •  
  • 40760 Robards Way Murrieta, 2
    • 5 beds 3 baths ∙ 2,778 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,778 Sqft ∙ Built 2005
    property image
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.86
    •  
  • 36024 Lipizzan Lane Wildomar, 4
    • 4 beds 3 baths ∙ 2,967 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,967 Sqft ∙ Built 2005
    property image
    LEASED 09/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.83
    •  
  • 39726 Ashland Way Murrieta, 5
    • 5 beds 3 baths ∙ 2,990 Sqft ∙ Built 2000 5 beds 3 baths ∙ 2,990 Sqft ∙ Built 2000
    property image
    LEASED 11/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.84
    •  
PROPERTY LISTING DETAILS
Donna Galvan
Active Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV20171334
Last Updated: 08/22/2020
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