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45587 Hawk Court Court Temecula, CA 92592

4 Beds 4 Baths 2,971 sqft Built 2007

$599,999

List Price

$2,610

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $201.95
  • 7 Days on Market
  • MLS # : PW21057247
  • Updated Date : 03/22/2021 at 12:13
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,971 sqft
  • Baths : 4 full
Listing Agent

The Hampton Group Realty

Listing Agent's Description

This beautifully maintained home in south Temecula is located in the prestigious and highly desirable Wolfe Creek community. Tile flooring throughout the living areas and in the large kitchen and dining area, beautiful granite counter tops. The high ceilings with large windows keeps the home bright throughout the day. The master bedroom also has high ceilings, large windows and a walk-in closet. The master bath has dual sinks with porcelain counter tops, and separate shower and tub. Wolf Creek community amenities include a pool, barbecues, parks & walking trails. Located a short distance to award-winning schools including Great Oak High School, Birdsall Sports Park. Nearby golf courses, restaurants, Pechanga Resort and Casino, shopping in Old Town Temecula, and wineries. Once you see the home and location you will want to be part of this community.

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MARKET HIGHLIGHTS

  • 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)
  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Wolf Creek

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700kPrice in $149k707k

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

Neighborhood: Wolf Creek

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q212001400160018002000220024002600Rent in $10822674

* 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
Temecula Luiseno Elementary School Primary Regular 1,013 39 8
Erle Stanley Gardner Middle School Middle Regular 1,076 41 9
Great Oak High School High Regular 3,621 130 10

Temecula Luiseno Elementary School

  • Education Level: Primary
  • # of students: 1,013
  • # of teachers: 39
8
GreatSchools Rating

Erle Stanley Gardner Middle School

  • Education Level: Middle
  • # of students: 1,076
  • # of teachers: 41
9
GreatSchools Rating

Great Oak High School

  • Education Level: High
  • # of students: 3,621
  • # of teachers: 130
10
GreatSchools Rating
 

$539,999$659,999$599,999

PURCHASE PRICE

$2,349$2,871$2,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,610
EXPENSES Loan Payment -$2,084
Property Tax -$613
Property Insurance -$99
HOA -$50
Property Management Fees -$154
CASH FLOW
-$390

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.

$599,999

PROJECTED PRICE

$2,610

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 5.9%
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$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$164,750

INVESTMENT

$164,750

Down Payment
$150,000
Rehab Estimate
$5,750
Closing Costs
$9,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,084

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $150,000
Loan Amount $449,999
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$9,513

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,610

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $2,763

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$2,545
1$2,5452$2,6103$2,8004$2,8005$3,000
$3,000
RENT COMPS ANALYSIS
  • 45587 Hawk Court Court Temecula, CA 2
    • 4 beds 4 baths ∙ 2,971 Sqft ∙ Built 2007 4 beds 4 baths ∙ 2,971 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $2,610
    • $0.88
    •  
  • 45550 Seagull Way Temecula, CA 1
    • 3 beds 4 baths ∙ 2,847 Sqft ∙ Built 2005 3 beds 4 baths ∙ 2,847 Sqft ∙ Built 2005
    LEASED 06/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,545
    • $0.89
    •  
  • 31516 Sequoia Court Temecula, CA 3
    • 5 beds 3 baths ∙ 3,090 Sqft ∙ Built 2004 5 beds 3 baths ∙ 3,090 Sqft ∙ Built 2004
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.91
    •  
  • 45574 Basswood Court Temecula, CA 4
    • 4 beds 3 baths ∙ 3,090 Sqft ∙ Built 2007 4 beds 3 baths ∙ 3,090 Sqft ∙ Built 2007
    LEASED 02/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.91
    •  
  • 45769 Cloudburst Lane Temecula, CA 5
    • 4 beds 3 baths ∙ 2,976 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,976 Sqft ∙ Built 2007
    LEASED 03/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.01
    •  
PROPERTY LISTING DETAILS
Lou Espina
The Hampton Group Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21057247
Last Updated: 03/22/2021
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