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PROPERTY INFO
FACTS
- Single Family
- Built In 1987
- Price/Sqft : $262.61
- 2 Days on Market
- MLS # : SW21025209
- Updated Date : 02/06/2021 at 10:22
CONSTRUCTION
- Beds : 4
- Floor Size : 1,904 sqft
- Baths : 3 full
Listing Agent
Trillion Real Estate
Listing Agent's Description
Beautiful Pool home in the heart of Murrieta! This gorgeous open layout home will impress you with a 4 bedrooms, 3 bath and an enormous 14,375 SqFt Lot with no neighbors behind. This home boasts a new roof, energy efficient windows and doors, new Laminate Flooring downstairs, solar will be paid off, newly remodeled kitchen with Farmhouse sink and led lighting, new fully remodeled guest bathroom and custom tile shower, new tankless hot water heater, upgraded led lighting throughout house, New fence and gates around the pool and the property, new tile flooring in the 2 upstairs bathrooms, New angle stops and faucet/toilet lines throughout, new granite countertops for all of downstairs, new baseboards, New appliances and refrigerator that are staying, Kitchen reverse Osmosis, New garage door opener with wifi capability, scraped all the popcorn ceilings and re-textured and painted, New sinks in master bathroom, New Blinds/Coverings, Pool Size is 18.5 W X 37 L. It's a volleyball pool, 5' in the middle and gets shallow towards the ends and new wifi sprinkler timer. The list goes on and on!!! Best of all no HOA and Low Taxes!!!!
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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
Neighborhood: Alta Murrieta
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Alta Murrieta
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,360 |
| EXPENSES | Loan Payment | -$1,737 |
| Property Tax | -$511 | |
| Property Insurance | -$73 | |
| Property Management Fees | -$139 | |
|
CASH FLOW
-$101
|
||
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.
$500,000
PROJECTED PRICE
$2,360
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$138,250
LOAN DETAILS
$1,737
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $125,000 |
| Loan Amount | $375,000 |
4.5
YEARS SAVED
$23,092
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,360
LIST RENT -
$1.24
LIST RENT PER SQFT
-
$2,356
COMP ESTIMATED VALUE -
$1.24
COMP AVG. RENT PER SQFT
Comps Range
-
25495 Knollwood Drive Murrieta, CA 2
- 4 beds 3 baths ∙ 1,904 Sqft ∙ Built 1987 4 beds 3 baths ∙ 1,904 Sqft ∙ Built 1987
- Rent
- Rent Per SQFT
- $2,360
- $1.24
-
39782 Avenida Miguel Oeste Murrieta, CA 1
- 4 beds 3 baths ∙ 1,995 Sqft ∙ Built 1998 4 beds 3 baths ∙ 1,995 Sqft ∙ Built 1998
LEASED 06/29/20- Rent
- Rent Per SQFT
- $2,275
- $1.14
-
39730 Notting Hill Road Murrieta, CA 3
- 3 beds 3 baths ∙ 1,840 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,840 Sqft ∙ Built 1988
LEASED 05/01/20- Rent
- Rent Per SQFT
- $2,400
- $1.30
-
25068 Via Las Lomas Murrieta, CA 4
- 5 beds 3 baths ∙ 2,012 Sqft ∙ Built 1987 5 beds 3 baths ∙ 2,012 Sqft ∙ Built 1987
LEASED 10/01/20- Rent
- Rent Per SQFT
- $2,500
- $1.24
-
25754 Palermo Court Murrieta, CA 5
- 4 beds 3 baths ∙ 2,010 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,010 Sqft ∙ Built 1996
LEASED 01/06/21- Rent
- Rent Per SQFT
- $2,550
- $1.27
PROPERTY LISTING DETAILS
Trillion Real Estate
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: SW21025209
Last Updated: 02/06/2021
