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45623 Hawk Court Temecula, CA 92592

4 Beds 3 Baths 2,417 sqft Built 2005

$565,000

List Price

$2,510

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $233.76
  • 5 Days on Market
  • MLS # : SW21043932
  • Updated Date : 03/05/2021 at 13:05
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,417 sqft
  • Baths : 3 full
Listing Agent

Stockup Realty

Listing Agent's Description

Beautiful 2 story home with 2,417 sf with 4 beds, 3 baths and tandem 3 car garage in the distinguished Great Oak School district and fun Wolf Creek community. The home has been newly painted and with a large back yard perfect for friends and family to come over and enjoy the BBQ on the large stained and stamped concrete patio with plenty of grass area for the kids to play games with their friends. This home has tile throughout the downstairs with an office on the first floor and 1/2 bathroom. The dining room would be great for a zoom room or classroom with lots of natural light. The kitchen has granite counter tops and a huge island for creating, serving, enjoying your families favorite meals! Also has a lot of cabinet space and a cozy breakfast nook for breakfast. The kitchen opens to the family room with a warm gas fire place and mantle. The back door opens to a large patio with an inspiring built in BBQ and island for grilled gourmet creations. The upstairs has a master bedroom with lots of space, and the master bath has 2 sinks, soaking tub and separate walk-in shower and spacious walk-in closet. The 3 bedrooms have lots of natural light and share a bathroom with double and tub shower combo. Low HOA at only $50 a month and minutes drive from Old Town Temecula, shopping, I-15, Wine Country, Great Oaks High School, and so much more. Schedule a tour and put in an offer quickly! This dream home is going to go fast! https://my.matterport.com/show/?m=Dkv7jtpT28F

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$508,500$621,500$565,000

PURCHASE PRICE

$2,259$2,761$2,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,510
EXPENSES Loan Payment -$1,962
Property Tax -$577
Property Insurance -$86
HOA -$50
Property Management Fees -$148
CASH FLOW
-$313

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.

$565,000

PROJECTED PRICE

$2,510

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-$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$155,475

INVESTMENT

$155,475

Down Payment
$141,250
Rehab Estimate
$5,750
Closing Costs
$8,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,962

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $141,250
Loan Amount $423,750
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$11,644

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,510

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $2,598

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$2,250
1$2,2502$2,5003$2,5104$2,5505$2,600
$2,600
RENT COMPS ANALYSIS
  • 45623 Hawk Court Temecula, CA 3
    • 4 beds 3 baths ∙ 2,417 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,417 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,510
    • $1.04
    •  
  • 45435 Piute Street Temecula, CA 1
    • 3 beds 3 baths ∙ 2,250 Sqft ∙ Built 1988 3 beds 3 baths ∙ 2,250 Sqft ∙ Built 1988
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.00
    •  
  • 31553 Six Rivers Court Temecula, CA 2
    • 4 beds 3 baths ∙ 2,274 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,274 Sqft ∙ Built 2006
    LEASED 08/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.10
    •  
  • 45647 Corte Lobos Temecula, CA 4
    • 4 beds 3 baths ∙ 2,321 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,321 Sqft ∙ Built 1994
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.10
    •  
  • 32041 Corte La Puenta Temecula, CA 5
    • 4 beds 3 baths ∙ 2,371 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,371 Sqft ∙ Built 1995
    LEASED 12/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.10
    •  
PROPERTY LISTING DETAILS
David Bowers
Stockup Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW21043932
Last Updated: 03/05/2021
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