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45741 Sierra Court Temecula, CA 92592

3 Beds 3 Baths 1,949 sqft Built 2006

$460,000

List Price

$2,200

$2K - $2.4K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $236.02
  • 11 Days on Market
  • MLS # : SW21013502
  • Updated Date : 01/30/2021 at 05:09
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,949 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group Southwest

Listing Agent's Description

Great backyard for kids and entertaining! This well maintained home is located in desirable Wolf Creek, just walking distance to award winning schools and parks. Wolf Creek offers a pool, work-out room, BBQs, basketball hoops and 3 parks just all walking distance away. This beautiful home features 3 bedrooms upstairs with 2 walk-in closets, laundry room, large open family and dining area, laminated floors downstairs, smart thermostat, overhead storage racks in garage and ring security system. The dining room and family room are just off the kitchen and feature a fireplace and views of the lovely backyard.

SEE MORE

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
 

$414,000$506,000$460,000

PURCHASE PRICE

$1,980$2,420$2,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,200
EXPENSES Loan Payment -$1,598
Property Tax -$470
Property Insurance -$74
HOA -$50
Property Management Fees -$130
CASH FLOW
-$122

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.

$460,000

PROJECTED PRICE

$2,200

PROJECTED RENT

0.48%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$127,650

INVESTMENT

$127,650

Down Payment
$115,000
Rehab Estimate
$5,750
Closing Costs
$6,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,598

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $115,000
Loan Amount $345,000
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$18,221

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,200

    LIST RENT
  • $1.13

    LIST RENT PER SQFT
  • $2,251

    COMP ESTIMATED VALUE
  • $1.16

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,0503$2,2004$2,3005$2,500
$2,500
RENT COMPS ANALYSIS
  • 45741 Sierra Court Temecula, CA 3
    • 3 beds 3 baths ∙ 1,949 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,949 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.13
    •  
  • 30712 E Loma Linda Road Temecula, CA 1
    • 4 beds 3 baths ∙ 1,755 Sqft ∙ Built 1999 4 beds 3 baths ∙ 1,755 Sqft ∙ Built 1999
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.11
    •  
  • 31520 Mendocino Court Temecula, CA 2
    • 3 beds 3 baths ∙ 1,803 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,803 Sqft ∙ Built 2007
    property image
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.14
    •  
  • 31555 Mendocino Court Temecula, CA 4
    • 3 beds 3 baths ∙ 1,949 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,949 Sqft ∙ Built 2007
    property image
    LEASED 11/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.18
    •  
  • 31888 Jaybee Lane Temecula, CA 5
    • 4 beds 3 baths ∙ 2,093 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,093 Sqft ∙ Built 2007
    property image
    LEASED 04/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.19
    •  
PROPERTY LISTING DETAILS
Heather Adamo
Realty One Group Southwest
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW21013502
Last Updated: 01/30/2021
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