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25061 Calle Viejo Murrieta, CA 92563

4 Beds 3 Baths 2,290 sqft Built 1993

$469,999

List Price

$2,270

$2K - $2.5K

Rent Est.

PROPERTY INFO

December 02, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $205.24
  • 5 Days on Market
  • MLS # : CV20249954
  • Updated Date : 12/04/2020 at 10:03
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,290 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Time Realty

Listing Agent's Description

Welcome to this Gorgeous, Murrieta 2 story family home located in the highly sought after “Alta Murrieta” area. You will be happy to find this home not only is on a good size corner lot but also has RV access with pre wired 220v in garage, This spacious 4 bed 3 bath home features 1 bed and bathroom downstairs along with a formal entry way which leads to the Formal living room and dining area. Continuing you will be lead to the kitchen which has been well maintained, lastly you will find the family room that features its own cozy fireplace. Upstairs you will find 3 bedrooms and 2 bathrooms, the Master bedroom has a good size balcony which really makes this property stand out and makes it perfect for enjoying nice evenings. Excellent location, Low taxes, no association, close to outstanding schools, shopping, all hospitals and freeway close. A true must see… please call for your own private showing!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Alta Murrieta

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $149k584k

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

Neighborhood: Alta Murrieta

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
Rail Ranch Elementary School Primary Regular 599 23 8
Rail Ranch Elementary School Middle Regular 599 23 8
Vista Murrieta High School High Regular 3,456 132 8

Rail Ranch Elementary School

  • Education Level: Primary
  • # of students: 599
  • # of teachers: 23
8
GreatSchools Rating

Rail Ranch Elementary School

  • Education Level: Middle
  • # of students: 599
  • # of teachers: 23
8
GreatSchools Rating

Vista Murrieta High School

  • Education Level: High
  • # of students: 3,456
  • # of teachers: 132
8
GreatSchools Rating
 

$422,999$516,999$469,999

PURCHASE PRICE

$2,043$2,497$2,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,270
EXPENSES Loan Payment -$1,734
Property Tax -$481
Property Insurance -$83
Property Management Fees -$134
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.

$469,999

PROJECTED PRICE

$2,270

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 7.4%
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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$130,300

INVESTMENT

$130,300

Down Payment
$117,500
Rehab Estimate
$5,750
Closing Costs
$7,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,734

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $117,500
Loan Amount $352,499
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$21,131

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,270

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $2,284

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$2,095
1$2,0952$2,1503$2,1954$2,2705$2,450
$2,450
RENT COMPS ANALYSIS
  • 25061 Calle Viejo Murrieta, CA 4
    • 4 beds 3 baths ∙ 2,290 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,290 Sqft ∙ Built 1993
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,270
    • $0.99
    •  
  • 25154 Corte Pico Murrieta, CA 1
    • 4 beds 3 baths ∙ 2,253 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,253 Sqft ∙ Built 1997
    property image
    LEASED 01/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.93
    •  
  • 40080 Avenida Palizada Murrieta, CA 2
    • 4 beds 3 baths ∙ 2,141 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,141 Sqft ∙ Built 1989
    property image
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.00
    •  
  • 25544 Blackwood Road Murrieta, CA 3
    • 4 beds 3 baths ∙ 2,162 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,162 Sqft ∙ Built 1988
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.02
    •  
  • 25069 Camino Mancho Murrieta, CA 5
    • 3 beds 3 baths ∙ 2,356 Sqft ∙ Built 1990 3 beds 3 baths ∙ 2,356 Sqft ∙ Built 1990
    property image
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.04
    •  
PROPERTY LISTING DETAILS
Antonio Lopez
Re/max Time Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20249954
Last Updated: 12/04/2020
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