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25495 Knollwood Drive Murrieta, CA 92563

4 Beds 3 Baths 1,904 sqft Built 1987

$500,000

List Price

$2,360

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
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

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
Alta Murrieta Elementary School Primary Regular 769 28 8
Warm Springs Middle School Middle Regular 891 31 6
Vista Murrieta High School High Regular 3,456 132 8

Alta Murrieta Elementary School

  • Education Level: Primary
  • # of students: 769
  • # of teachers: 28
8
GreatSchools Rating

Warm Springs Middle School

  • Education Level: Middle
  • # of students: 891
  • # of teachers: 31
6
GreatSchools Rating

Vista Murrieta High School

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

$450,000$550,000$500,000

PURCHASE PRICE

$2,124$2,596$2,360

RENT

DOWN PAYMENT
FINANCING

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

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$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$138,250

INVESTMENT

$138,250

Down Payment
$125,000
Rehab Estimate
$5,750
Closing Costs
$7,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,737

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $125,000
Loan Amount $375,000
See What Happens When You Reinvest Cash Flow

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
$2,275
1$2,2752$2,3603$2,4004$2,5005$2,550
$2,550
RENT COMPS ANALYSIS
  • 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
Joe Rodriguez
Trillion Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW21025209
Last Updated: 02/06/2021
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