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43648 Buckeye Road Temecula, CA 92592

4 Beds 3 Baths 2,583 sqft Built 1989

$615,000

List Price

$2,530

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $238.10
  • 7 Days on Market
  • MLS # : SW21045215
  • Updated Date : 03/11/2021 at 11:18
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,583 sqft
  • Baths : 3 full
Listing Agent

First Team Real Estate, Tem

Listing Agent's Description

NEWLY UPDATED~SHOWS LIKE A MODEL! Spectacular Rancho Highlands home, meticulously maintained by the same owner since 1998, hits the market! Lush landscaping lends to the attractive curb appeal. Immediately know that you're somewhere special the moment you step inside. The formal living room showcases a gas fireplace, vaulted ceiling, and great views, giving a welcoming feel. Just off the living room is a spacious dining room with easy access to the kitchen and includes a door if privacy is desired. Updated kitchen is a real crowd-pleaser offering quartz counters, stainless steel appliances, crisp white cabinetry, recessed lighting, walk-in pantry, generously-sized eating area, plus a charming bay window perfect for growing your herbs! Open to the kitchen is a family room where you will enjoy relaxing by the fire and having easy backyard access. This incredible layout also includes a full downstairs bathroom and a bedroom with double door entry and backyard access. Unwind on your private balcony from the primary bedroom and watch the beautiful mature trees sway in the breeze. Here you will enjoy dual sinks with a vanity area, large walk-in closet, soaker tub with a separate private shower, skylight, tile counters and more! Additionally, there are two secondary bedrooms upstairs and a full bathroom with dual sinks. New lush sod and fresh mulch along with tropical plants and trees are sure to please in the backyard! Community pool/spa, playground, sport court and A+ schools!

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: Rancho Highlands

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $149k614k

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

Neighborhood: Rancho Highlands

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2110012001300140015001600170018001900200021002200230024002500Rent in $10822520

* 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
Vail Elementary School Primary Regular 580 25 5
Margarita Middle School Middle Regular 862 33 7
Temecula Valley High School High Regular 2,722 103 9

Vail Elementary School

  • Education Level: Primary
  • # of students: 580
  • # of teachers: 25
5
GreatSchools Rating

Margarita Middle School

  • Education Level: Middle
  • # of students: 862
  • # of teachers: 33
7
GreatSchools Rating

Temecula Valley High School

  • Education Level: High
  • # of students: 2,722
  • # of teachers: 103
9
GreatSchools Rating
 

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

PURCHASE PRICE

$2,277$2,783$2,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,530
EXPENSES Loan Payment -$2,136
Property Tax -$645
Property Insurance -$90
HOA -$100
Property Management Fees -$149
CASH FLOW
-$591

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

$2,530

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 8.2%
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$500k$1.0M$1.5M$2.0M

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$500k$1.0M$1.5M$2.0M

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 65% 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

1

YEARS SAVED

$2,473

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,530

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $2,609

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$2,530
1$2,5302$2,5503$2,6004$2,6005$2,600
$2,600
RENT COMPS ANALYSIS
  • 43648 Buckeye Road Temecula, CA 1
    • 4 beds 3 baths ∙ 2,583 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,583 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $2,530
    • $0.98
    •  
  • 44035 Sheldon Court Temecula, CA 2
    • 4 beds 3 baths ∙ 2,583 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,583 Sqft ∙ Built 1987
    LEASED 11/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.99
    •  
  • 41548 Yankee Run Court Temecula, CA 3
    • 4 beds 3 baths ∙ 2,561 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,561 Sqft ∙ Built 1989
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.02
    •  
  • 30958 Mashie Way Temecula, CA 4
    • 4 beds 3 baths ∙ 2,658 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,658 Sqft ∙ Built 1998
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.98
    •  
  • 42058 Southern Hills Drive Temecula, CA 5
    • 3 beds 3 baths ∙ 2,470 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,470 Sqft ∙ Built 1999
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.05
    •  
PROPERTY LISTING DETAILS
Ashley Cooper
First Team Real Estate, Tem
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW21045215
Last Updated: 03/11/2021
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