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24078 Via Helena Murrieta, CA 92562

3 Beds 2 Baths 1,754 sqft Built 1993

$459,900

List Price

$2,180

$2K - $2.4K

Rent Est.

PROPERTY INFO

January 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $262.20
  • 7 Days on Market
  • MLS # : SW21015912
  • Updated Date : 01/25/2021 at 15:52
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,754 sqft
  • Baths : 2 full
Listing Agent

Signature Real Estate Group

Listing Agent's Description

Welcome home! Located in the highly sought after 55+ community of The Colony in Murrieta, this highly UPGRADED home features 3 bedrooms, 2 full bathrooms, and an oversize 2 car garage. The open floor plan features wood look tile flooring, a stacked stone fireplace, and indoor laundry room. The kitchen has been REMODELED with white cabinets, quartz counters, stainless steel appliances and a designer tile backsplash. The spacious master has a sliding door with access to the backyard and a connected en suite bathroom with a large walk in closet. The back yard is low maintenance and completely landscaped featuring a covered patio. The water heater and air conditioner are newer. HOA amenities include maintenance of the front yard, pool, spa, tennis courts, game rooms and MUCH MORE. Centrally located near shopping, dining, and convenient freeway access. This one will not last! Schedule your showing today.

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: The Colony

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $143k578k

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

Neighborhood: The Colony

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q21100120013001400150016001700180019002000210022002300Rent in $10732387

* 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
E. Hale Curran School Primary Regular 513 20 7
Shivela Middle School Middle Regular 1,443 52 8
Murrieta Mesa High School High Regular 2,198 85 8

E. Hale Curran School

  • Education Level: Primary
  • # of students: 513
  • # of teachers: 20
7
GreatSchools Rating

Shivela Middle School

  • Education Level: Middle
  • # of students: 1,443
  • # of teachers: 52
8
GreatSchools Rating

Murrieta Mesa High School

  • Education Level: High
  • # of students: 2,198
  • # of teachers: 85
8
GreatSchools Rating
 

$413,910$505,890$459,900

PURCHASE PRICE

$1,962$2,398$2,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,180
EXPENSES Loan Payment -$1,597
Property Tax -$525
Property Insurance -$70
HOA -$252
Property Management Fees -$129
CASH FLOW
-$393

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.

$459,900

PROJECTED PRICE

$2,180

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 4.8%
Maintenance Year (1-5) 8.00%
Vacancy 5.43%
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

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$127,624

INVESTMENT

$127,624

Down Payment
$114,975
Rehab Estimate
$5,750
Closing Costs
$6,899

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,597

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $114,975
Loan Amount $344,925
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$2,384

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,180

    LIST RENT
  • $1.24

    LIST RENT PER SQFT
  • $2,201

    COMP ESTIMATED VALUE
  • $1.26

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,1003$2,1804$2,2005$2,400
$2,400
RENT COMPS ANALYSIS
  • 24078 Via Helena Murrieta, CA 3
    • 3 beds 2 baths ∙ 1,754 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,754 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $2,180
    • $1.24
    •  
  • 24085 Via Perlita Murrieta, CA 1
    • 3 beds 2 baths ∙ 1,754 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,754 Sqft ∙ Built 1995
    LEASED 08/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.20
    •  
  • 39862 Tanager Trail Murrieta, CA 2
    • 3 beds 3 baths ∙ 1,641 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,641 Sqft ∙ Built 1994
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.28
    •  
  • 23981 Whistling Swan Road Murrieta, CA 4
    • 3 beds 3 baths ∙ 1,732 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,732 Sqft ∙ Built 1994
    LEASED 04/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.27
    •  
  • 39841 Western Jay Way Murrieta, CA 5
    • 4 beds 3 baths ∙ 1,891 Sqft ∙ Built 1993 4 beds 3 baths ∙ 1,891 Sqft ∙ Built 1993
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.27
    •  
PROPERTY LISTING DETAILS
Shawn Mccann
Signature Real Estate Group
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW21015912
Last Updated: 01/25/2021
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