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23941 Pepperleaf Street Murrieta, CA 92562

3 Beds 3 Baths 2,636 sqft Built 2002

$610,000

List Price

$2,700

$2.5K - $3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $231.41
  • 6 Days on Market
  • MLS # : SW21061134
  • Updated Date : 03/24/2021 at 09:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,636 sqft
  • Baths : 3 full
Listing Agent

Diamond Real Estate Group Inc

Listing Agent's Description

Lovely home in the Copper Canyon community of West Murrieta. Home feature's 4 bedrooms, 3 full bathrooms, 2636 sq with a 3 car garage. Double door entry high ceilings with lots of light from all the windows and custom shutters through out. Open concept Family room and kitchen with a cozy fireplace. Formal Living room Dinning and eat in kitchen. The kitchen has lost of cabinet space with a large island perfect for family holidays. One bedroom is down stairs with a full bathroom. Large master bedroom with his and her walk in closet. Master bathroom has double sinks with separate shower and Tub. Down the hall you will find two more large bedrooms and another full bathroom.

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: 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
 

$549,000$671,000$610,000

PURCHASE PRICE

$2,430$2,970$2,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,700
EXPENSES Loan Payment -$2,119
Property Tax -$705
Property Insurance -$91
Property Management Fees -$159
CASH FLOW
-$374

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.

$610,000

PROJECTED PRICE

$2,700

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 5.6%
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$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$167,400

INVESTMENT

$167,400

Down Payment
$152,500
Rehab Estimate
$5,750
Closing Costs
$9,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,119

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $152,500
Loan Amount $457,500
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$10,687

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,700

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $2,794

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,6003$2,7004$2,8005$3,100
$3,100
RENT COMPS ANALYSIS
  • 23941 Pepperleaf Street Murrieta, CA 3
    • 3 beds 3 baths ∙ 2,636 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,636 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.02
    •  
  • 37227 Bunchberry Lane Murrieta, CA 1
    • 4 beds 3 baths ∙ 2,622 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,622 Sqft ∙ Built 1994
    property image
    LEASED 01/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.99
    •  
  • 23406 Mount Ashland Court Murrieta, CA 2
    • 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
    •  
  • 23775 Silverwood Street Murrieta, CA 4
    • 4 beds 3 baths ∙ 2,648 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,648 Sqft ∙ Built 2001
    property image
    LEASED 09/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.06
    •  
  • 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
Denise Munoz
Diamond Real Estate Group Inc
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW21061134
Last Updated: 03/24/2021
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