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4111 Ballantree Street Lake Elsinore, CA 92530

4 Beds 3 Baths 2,755 sqft Built 2006

$454,777

List Price

$2,500

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
FACTS
  • Built In 2006
  • Price/Sqft : $165.07
  • 12 Days on Market
  • MLS # : SW20224823
  • Updated Date : 10/31/2020 at 14:34
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,755 sqft
  • Baths : 2 full , 1 half
Listing Agent

Allison James Estates & Homes

Listing Agent's Description

BEAUTIFUL TURNKEY HOME IN ALBERHILL RANCH! You will love this masterplanned community! As you walk toward the house, you will be greeted by an adorable front courtyard sanctuary, an extra outdoor place to relax in quiet and away from view from the street. As you step inside, the formal living room space will impress you with its 2 story ceiling! Wander to the back of the home and find an open concept family space featuring the oversized TV room, an eat in area and the kitchen with a central island. The TV room is massive with 2 ceiling fans and a cozy fireplace. Your new kitchen features granite counters, under cabinet lighting, and stainless steel appliances. There is a powder room and a laundry room with storage near the garage. You will find all bedrooms upstairs. The master bedroom is oversized with enough room for a sitting area. The master bathroom features a separate tub and a shower with seating, double sinks and a large master closet. Bedrooms 2 and 3 are connected by a Jack and Jill bathroom. The double sinks are separate from the shower. Every bedroom features a ceiling fan! You will thoroughly enjoy the backyard! It's wonderfully landscaped with an awning, custom concrete, and a nice retaining wall! This community offers residents walking paths through the neighborhood, a gated association pool with amazing views, soccer fields, splash pads, playgrounds & a brand new elementary school within walking distance! Hurry before it's too late!! This house will not last!

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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: Alberhill District

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $149k631k

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

Neighborhood: Alberhill District

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q211001200130014001500160017001800190020002100220023002400Rent in $10512496

* 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
Machado Elementary School Primary Regular 709 28 2
Terra Cotta Middle School Middle Regular 1,126 43 3
Lakeside High School High Regular 1,973 87 5

Machado Elementary School

  • Education Level: Primary
  • # of students: 709
  • # of teachers: 28
2
GreatSchools Rating

Terra Cotta Middle School

  • Education Level: Middle
  • # of students: 1,126
  • # of teachers: 43
3
GreatSchools Rating

Lakeside High School

  • Education Level: High
  • # of students: 1,973
  • # of teachers: 87
5
GreatSchools Rating
 

$409,299$500,255$454,777

PURCHASE PRICE

$2,250$2,750$2,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,500
EXPENSES Loan Payment -$1,678
Property Tax -$443
Property Insurance -$94
HOA -$157
Property Management Fees -$148
CASH FLOW
-$19

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.

$454,777

PROJECTED PRICE

$2,500

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 8.0%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$126,266

INVESTMENT

$126,266

Down Payment
$113,694
Rehab Estimate
$5,750
Closing Costs
$6,822

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,678

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $113,694
Loan Amount $341,083
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$31,732

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,500

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $2,581

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$2,250
1$2,2502$2,3003$2,5004$2,700
$2,700
RENT COMPS ANALYSIS
  • 4111 Ballantree Street Lake Elsinore, CA 3
    • 4 beds 3 baths ∙ 2,755 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,755 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.91
    •  
  • 3322 Banyon Circle Lake Elsinore, CA 1
    • 4 beds 3 baths ∙ 2,413 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,413 Sqft ∙ Built 2005
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.93
    •  
  • 4144 Lovitt Circle Lake Elsinore, CA 2
    • 3 beds 3 baths ∙ 2,618 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,618 Sqft ∙ Built 2013
    LEASED 09/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.88
    •  
  • 14605 Fair Oak Drive Lake Elsinore, CA 4
    • 5 beds 3 baths ∙ 2,705 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,705 Sqft ∙ Built 2004
    LEASED 12/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.00
    •  
PROPERTY LISTING DETAILS
Marie Clark
Allison James Estates & Homes
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW20224823
Last Updated: 10/31/2020
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