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24012 Crowned Partridge Lane Murrieta, CA 92562

5 Beds 3 Baths 2,824 sqft Built 1998

$524,900

List Price

$2,430

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $185.87
  • 5 Days on Market
  • MLS # : NDP2101470
  • Updated Date : 02/11/2021 at 18:21
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,824 sqft
  • Baths : 3 full
Listing Agent

Select California Homes

Listing Agent's Description

Welcome home to an incredible central Murrieta neighborhood with low tax rate and no hoa. This gorgeous 2824 sqft 5 bedroom plus an office 3 bath home has been lovingly maintained since it was purchased brand new by the current owner in 1998. Featuring a full bedroom and bath downstairs and a large 3 car tandem garage this is a must see. Updated throughout with quartz counter tops, dual pane windows, crown molding, new dual zone A/C system, exterior just painted, recess lighting, updated refinished kitchen cabinets, and custom white shutters throughout make this home truly special. Just a 5 minute walk to the park and 5 minute drive to major shopping this neighborhood is one of the most coveted in Murrieta. This home is perfect for a large family or can be a starter home and just use the extra rooms for home office and or game rooms or home gym and enjoy this great community as you grow into this well maintained home. Go to www.SeanSellsSD.com for full 3D tour.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Zip Code: 92562

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $149k584k

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

Zip Code: 92562

ZipNIR 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
Tovashal Elementary School Primary Regular 738 25 7
Thompson Middle School Middle Regular 1,665 56 6
Murrieta Valley High School High Regular 2,440 93 8

Tovashal Elementary School

  • Education Level: Primary
  • # of students: 738
  • # of teachers: 25
7
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
 

$472,410$577,390$524,900

PURCHASE PRICE

$2,187$2,673$2,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,430
EXPENSES Loan Payment -$1,823
Property Tax -$529
Property Insurance -$96
Property Management Fees -$143
CASH FLOW
-$161

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.

$524,900

PROJECTED PRICE

$2,430

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 7.0%
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$20k

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$144,849

INVESTMENT

$144,849

Down Payment
$131,225
Rehab Estimate
$5,750
Closing Costs
$7,874

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,823

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $131,225
Loan Amount $393,675
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$19,738

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,430

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $2,499

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$2,295
1$2,2952$2,3503$2,4304$2,5005$2,795
$2,795
RENT COMPS ANALYSIS
  • 24012 Crowned Partridge Lane Murrieta, CA 3
    • 5 beds 3 baths ∙ 2,824 Sqft ∙ Built 1998 5 beds 3 baths ∙ 2,824 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $2,430
    • $0.86
    •  
  • 24027 Morning Dove Lane Murrieta, CA 1
    • 5 beds 3 baths ∙ 2,517 Sqft ∙ Built 1996 5 beds 3 baths ∙ 2,517 Sqft ∙ Built 1996
    LEASED 03/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.91
    •  
  • 39667 Ashland Way Murrieta, CA 2
    • 5 beds 3 baths ∙ 2,990 Sqft ∙ Built 2001 5 beds 3 baths ∙ 2,990 Sqft ∙ Built 2001
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.79
    •  
  • 39726 Ashland Way Murrieta, CA 4
    • 5 beds 3 baths ∙ 2,990 Sqft ∙ Built 2000 5 beds 3 baths ∙ 2,990 Sqft ∙ Built 2000
    LEASED 11/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.84
    •  
  • 26508 Veramonte Avenue Murrieta, CA 5
    • 4 beds 4 baths ∙ 2,802 Sqft ∙ Built 2005 4 beds 4 baths ∙ 2,802 Sqft ∙ Built 2005
    LEASED 06/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $1.00
    •  
PROPERTY LISTING DETAILS
Sean Hamers
Select California Homes
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: NDP2101470
Last Updated: 02/11/2021
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