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44440 Nighthawk Temecula, CA 92592

4 Beds 3 Baths 2,814 sqft Built 2001

$570,000

List Price

$2,620

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $202.56
  • 2 Days on Market
  • MLS # : IV21010185
  • Updated Date : 01/16/2021 at 12:39
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,814 sqft
  • Baths : 2 full , 1 half
Listing Agent

Modern Dwellings

Listing Agent's Description

Located in the desirable Summerhill @ Redhawk community of South Temecula, this 4 bedroom 2.5 bathroom home is ready to move in! Featuring newer hardwood floors all throughout the 1st floor and upstairs partially, large family room with fireplace open to the kitchen, newer granite countertops in the kitchen and bathroom vanities, large master bedroom with his and her's closet, spacious master bathroom with combo tub and shower, big loft upstairs which could be used as the kids game room, the list goes on and on!. Great views from the fully cemented back yard as it sits up higher than the street behind. No neighbors in the front. Low HOA & taxes. Close to award-winning schools including Great Oak High School & Tony Tobin Elementary and minutes away from Walmart, Sprouts, Best Buy and much more. Close by to Pechanga Casino and Resort for some safe, social distancing fun!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$513,000$627,000$570,000

PURCHASE PRICE

$2,358$2,882$2,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,620
EXPENSES Loan Payment -$1,980
Property Tax -$684
Property Insurance -$95
HOA -$35
Property Management Fees -$155
CASH FLOW
-$329

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.

$570,000

PROJECTED PRICE

$2,620

PROJECTED RENT

0.46%

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$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$156,800

INVESTMENT

$156,800

Down Payment
$142,500
Rehab Estimate
$5,750
Closing Costs
$8,550

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,980

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $142,500
Loan Amount $427,500
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$10,555

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,620

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $2,870

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$2,620
1$2,6202$2,7503$2,8004$2,9005$3,000
$3,000
RENT COMPS ANALYSIS
  • 44440 Nighthawk Temecula, CA 1
    • 4 beds 3 baths ∙ 2,814 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,814 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,620
    • $0.93
    •  
  • 44795 Rutherford Street Temecula, CA 2
    • 4 beds 3 baths ∙ 2,902 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,902 Sqft ∙ Built 2004
    property image
    LEASED 05/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.95
    •  
  • 44794 Mumm Street Temecula, CA 3
    • 4 beds 3 baths ∙ 2,726 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,726 Sqft ∙ Built 2004
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.03
    •  
  • 44704 Mumm Street Temecula, CA 4
    • 5 beds 4 baths ∙ 2,726 Sqft ∙ Built 2005 5 beds 4 baths ∙ 2,726 Sqft ∙ Built 2005
    property image
    LEASED 09/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.06
    •  
  • 44273 Marcelina Court Temecula, CA 5
    • 5 beds 3 baths ∙ 2,877 Sqft ∙ Built 2012 5 beds 3 baths ∙ 2,877 Sqft ∙ Built 2012
    property image
    LEASED 05/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.04
    •  
PROPERTY LISTING DETAILS
Catalina Castaneda
Modern Dwellings
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV21010185
Last Updated: 01/16/2021
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