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23933 Pepperleaf Street Murrieta, CA 92562

5 Beds 3 Baths 2,636 sqft Built 2002

$649,999

List Price

$2,560

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $246.59
  • 5 Days on Market
  • MLS # : OC21149669
  • Updated Date : 07/10/2021 at 16:59
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,636 sqft
  • Baths : 3 full
Listing Agent

Legacy 15 Real Estate Brokers

Listing Agent's Description

PREMIER LOCATION! This charming home is located in the HIGHLY desirable community of Copper Canyon in West Murrieta! Upgrades galore, this beautiful 5 bedroom, 3 bathroom, 3 car attached garage is what you've been looking for! Light and bright open floor plan offers custom improvements, such as the custom fireplace, chefs kitchen, laminate plank flooring on first floor floor, custom plantation shutters, water softener, brand new June 2021 AC installed, whole house fan installed in 2019, 27 solar panels PAID IN FULL 2x inverters to handle the load, recessed lighting and ceiling fans throughout + MORE. The gorgeous kitchen has a large center island, gas range, granite countertops, custom backsplash and newer stainless-steel appliances. The generous and newly landscaped backyard is perfect for entertaining with the custom built outdoor fireplace and BBQ area. One large main floor bedroom currently being used as an office and a main floor bathroom with a full bathtub and shower. Head upstairs to the generous master bedroom and enjoy the picture windows, vaulted ceilings, custom barn-door leading to bathroom, custom designer bathroom with HEATED FLOORS, and built-in walk in closet. Three more bedrooms upstairs are spacious in size and built-ins in the closets. The laundry room is also on the second level with lots of storage and a built-in sink. The backyard also offers gorgeous low maintenance landscaping w/ full irrigation system, 7 fruit trees w/ custom tree collars, brand new outdoor 8'x6' raised shed, custom upgraded outdoor gates. This home strikes the perfect balance between an entertainer’s dream and a private retreat. Top of the line quality throughout and truly a MUST SEE property, grab your tooth brush and move right in. Close to Cole Canyon Elementary, Murrieta's TOP rated elementary school, shopping, entertainment, restaurants, and more. LOW TAXES AND NO HOA!!

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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: Copper Canyon

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $149k584k

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

Neighborhood: Copper Canyon

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
Cole Canyon Elementary School Primary Regular 1,105 39 9
Thompson Middle School Middle Regular 1,665 56 6
Murrieta Valley High School High Regular 2,440 93 8

Cole Canyon Elementary School

  • Education Level: Primary
  • # of students: 1,105
  • # of teachers: 39
9
GreatSchools Rating

Thompson Middle School

  • Education Level: Middle
  • # of students: 1,665
  • # of teachers: 56
6
GreatSchools Rating

Murrieta Valley High School

  • Education Level: High
  • # of students: 2,440
  • # of teachers: 93
8
GreatSchools Rating
 

$584,999$714,999$649,999

PURCHASE PRICE

$2,304$2,816$2,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,560
EXPENSES Loan Payment -$2,258
Property Tax -$751
Property Insurance -$91
Property Management Fees -$151
CASH FLOW
-$691

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.

$649,999

PROJECTED PRICE

$2,560

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 5.6%
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-$10k-$5.0k$0.0$5.0k$10k

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$178,000

INVESTMENT

$178,000

Down Payment
$162,500
Rehab Estimate
$5,750
Closing Costs
$9,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,258

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $162,500
Loan Amount $487,499
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$1,409

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,560

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $2,755

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,5603$2,6004$2,6005$3,100
$3,100
RENT COMPS ANALYSIS
  • 23933 Pepperleaf Street Murrieta, CA 2
    • 5 beds 3 baths ∙ 2,636 Sqft ∙ Built 2002 5 beds 3 baths ∙ 2,636 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,560
    • $0.97
    •  
  • 23443 Mountain Breeze Drive Murrieta, CA 1
    • 5 beds 2 baths ∙ 2,500 Sqft ∙ Built 1999 5 beds 2 baths ∙ 2,500 Sqft ∙ Built 1999
    property image
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.00
    •  
  • 23406 Mount Ashland Court Murrieta, CA 3
    • 4 beds 3 baths ∙ 2,621 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,621 Sqft ∙ Built 2000
    property image
    LEASED 01/26/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.99
    •  
  • 37281 Jerome Lane Murrieta, CA 4
    • 4 beds 3 baths ∙ 2,622 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,622 Sqft ∙ Built 1993
    property image
    LEASED 04/07/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.99
    •  
  • 38078 Sherwood Street Murrieta, CA 5
    • 4 beds 3 baths ∙ 2,588 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,588 Sqft ∙ Built 2002
    property image
    LEASED 10/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.20
    •  
PROPERTY LISTING DETAILS
Kaylyn Floryan
Legacy 15 Real Estate Brokers
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21149669
Last Updated: 07/10/2021
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