Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

45642 Hopactong Street Temecula, CA 92592

4 Beds 2 Baths 2,142 sqft Built 1988

$508,880

List Price

$2,450

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

November 15, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $237.57
  • 8 Days on Market
  • MLS # : SW20240332
  • Updated Date : 11/15/2020 at 13:03
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,142 sqft
  • Baths : 2 full
Listing Agent

Flca Corp

Listing Agent's Description

GREAT FAMILY POOL HOME, AN ENTERTAINERS DELIGHT WITH OPEN AREAS FAMILY STYLE LIVING. The home has been completely remodeled inside and out. Fresh paint inside and out. All new Granite Counters throughout the home. All hard surface flooring with laminate and tile. Kitchen has two eat-at peninsulas and a breakfast nook. Family room has a fireplace, wet bar and built-ins. Great open kitchen, large master bedroom & bath. This single story home has a 3 car garage, indoor laundry and comes with the washer & dryer. Rooms include 3 large bedrooms & a den/office, step down living room with fireplace,and a formal dining room. New patio doors, New dishwasher, and New disposal just installed. The private backyard has spectacular pebble pool and spa with saltwater system, new heater, patio cover, optional play set for kids, a garden spot, BBQ area, and open poolside patio for those lovely Southern California days. Enjoy California outdoor living at it's best. Perfect for all your Family Gatherings. Back yard has planters and concrete patio areas and covered BBQ station plumbed for natural gas. This is a great neighborhood with spectacular mountain views and walking distance 3 parks, walking trails and close to the Pechanga Resort. This spacious one story is on a large lot near award winning Great Oak High School, Parks, Golfing, dining, shopping, and Very Easy Freeway Access. Don't miss this rare opportunity!

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: Redhawk

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $149k620k

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

Neighborhood: Redhawk

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q211001200130014001500160017001800190020002100220023002400Rent in $10822496

* 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
 

$457,992$559,768$508,880

PURCHASE PRICE

$2,205$2,695$2,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,450
EXPENSES Loan Payment -$1,878
Property Tax -$542
Property Insurance -$79
HOA -$36
Property Management Fees -$145
CASH FLOW
-$229

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.

$508,880

PROJECTED PRICE

$2,450

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 7.7%
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$140,603

INVESTMENT

$140,603

Down Payment
$127,220
Rehab Estimate
$5,750
Closing Costs
$7,633

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,878

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $127,220
Loan Amount $381,660
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$17,954

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,450

    LIST RENT
  • $1.14

    LIST RENT PER SQFT
  • $2,442

    COMP ESTIMATED VALUE
  • $1.14

    COMP AVG. RENT PER SQFT
Comps Range
$2,350
1$2,3502$2,4503$2,5004$2,5005$2,600
$2,600
RENT COMPS ANALYSIS
  • 45642 Hopactong Street Temecula, CA 2
    • 4 beds 2 baths ∙ 2,142 Sqft ∙ Built 1988 4 beds 2 baths ∙ 2,142 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.14
    •  
  • 46092 Rocky Trail Lane Temecula, CA 1
    • 3 beds 3 baths ∙ 2,156 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,156 Sqft ∙ Built 2007
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.09
    •  
  • 31888 Jaybee Lane Temecula, CA 3
    • 4 beds 3 baths ∙ 2,093 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,093 Sqft ∙ Built 2007
    LEASED 04/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.19
    •  
  • 31553 Six Rivers Court Temecula, CA 4
    • 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
    •  
  • 31887 Domenoe Way Temecula, CA 5
    • 4 beds 3 baths ∙ 2,203 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,203 Sqft ∙ Built 2007
    LEASED 10/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.18
    •  
PROPERTY LISTING DETAILS
R. Grant Parkman
Flca Corp
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW20240332
Last Updated: 11/15/2020
BESbswy