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45602 Hawk Court Temecula, CA 92592

4 Beds 4 Baths 2,847 sqft Built 2005

$589,000

List Price

$2,660

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $206.88
  • 6 Days on Market
  • MLS # : SW21043917
  • Updated Date : 03/13/2021 at 19:12
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,847 sqft
  • Baths : 3 full , 1 half
Listing Agent

Jason Mitchell R. E. Calif

Listing Agent's Description

This Wolf Creek stunner boasts corner lot with perfect open floor plan.This home has everything your family will need. Featuring 4 bedroom 4 Bathroom and a loft with a main floor bedroom and bathroom, and a 3 car Tandem Garage. Upon entering this home the beautiful wood floors throughout living room and formal dinning room.Living room has beautiful built in wall unit with fireplace. The Kitchen features Black appliances with 5 burner stove, double oven and large kitchen island. There is ONE BEDROOM DOWNSTAIRS. The Upstairs includes spacious master bedroom with LARGE WALKING CLOSET, Two other bedroom have private bathroom. Wolf Creek has so much to offer. Award wining schools, parks, pools, close to all amenities you don't want to miss out.

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: 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
 

$530,100$647,900$589,000

PURCHASE PRICE

$2,394$2,926$2,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,660
EXPENSES Loan Payment -$2,046
Property Tax -$577
Property Insurance -$96
HOA -$50
Property Management Fees -$157
CASH FLOW
-$266

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.

$589,000

PROJECTED PRICE

$2,660

PROJECTED RENT

0.45%

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$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$161,835

INVESTMENT

$161,835

Down Payment
$147,250
Rehab Estimate
$5,750
Closing Costs
$8,835

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,046

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $147,250
Loan Amount $441,750
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$16,101

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,660

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $2,676

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$2,545
1$2,5452$2,5953$2,6604$2,6755$3,000
$3,000
RENT COMPS ANALYSIS
  • 45602 Hawk Court Temecula, CA 3
    • 4 beds 4 baths ∙ 2,847 Sqft ∙ Built 2005 4 beds 4 baths ∙ 2,847 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,660
    • $0.93
    •  
  • 45550 Seagull Way Temecula, CA 1
    • 3 beds 4 baths ∙ 2,847 Sqft ∙ Built 2005 3 beds 4 baths ∙ 2,847 Sqft ∙ Built 2005
    property image
    LEASED 06/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,545
    • $0.89
    •  
  • 45657 Corte Lobos Temecula, CA 2
    • 5 beds 3 baths ∙ 2,650 Sqft ∙ Built 1994 5 beds 3 baths ∙ 2,650 Sqft ∙ Built 1994
    property image
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.98
    •  
  • 31423 Eucalyptus Court Temecula, CA 4
    • 4 beds 3 baths ∙ 3,045 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,045 Sqft ∙ Built 2005
    property image
    LEASED 06/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,675
    • $0.88
    •  
  • 45769 Cloudburst Lane Temecula, CA 5
    • 4 beds 3 baths ∙ 2,976 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,976 Sqft ∙ Built 2007
    property image
    LEASED 03/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.01
    •  
PROPERTY LISTING DETAILS
Noosheen Detches
Jason Mitchell R. E. Calif
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW21043917
Last Updated: 03/13/2021
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