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25701 Palermo Court Murrieta, CA 92563

4 Beds 3 Baths 2,500 sqft Built 1999

INVESTimate

$416,000

List Price

$2,410

$2,169 - $2,651

Rent Est.

$446,950  ( +7.44%)   1 YR EST. FORECAST

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 1999
  • Price/Sqft : $166.40
  • 3 Days on Market
  • MLS # : ND20174092
  • Updated Date : 08/25/2020 at 09:58
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,500 sqft
  • Baths : 3 full
Listing Agent

Excel Properties

Listing Agent's Description

4 bedroom, 3 bath home with one bedroom and bath on the main level. Kitchen features center island and pantry. Master bath features dual sinks, garden tub and separate shower. See agent remarks.

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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
 

$374,400$457,600$416,000

PURCHASE PRICE

$2,169$2,651$2,410

RENT

DOWN PAYMENT
FINANCING

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$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,410
EXPENSES Loan Payment -$1,535
Property Tax -$444
Property Insurance -$88
Property Management Fees -$142
CASH FLOW
$202

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.

$416,000

PROJECTED PRICE

$2,410

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 7.44%
Maintenance Year (1-5) 8.00%
Vacancy 5.35%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$115,990

INVESTMENT

$115,990

Down Payment
$104,000
Rehab Estimate
$5,750
Closing Costs
$6,240

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,535

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $104,000
Loan Amount $312,000
See What Happens When You Reinvest Cash Flow

8.5

YEARS SAVED

$56,031

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,410

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $2,438

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,3753$2,4104$2,5605$2,600
$2,600
RENT COMPS ANALYSIS
  • 25701 Palermo Court Murrieta, 3
    • 4 beds 3 baths ∙ 2,500 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,500 Sqft ∙ Built 1999
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,410
    • $0.96
    •  
  • 39431 Via Montero Murrieta, 1
    • 4 beds 3 baths ∙ 2,318 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,318 Sqft ∙ Built 1988
    property image
    LEASED 11/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.99
    •  
  • 39810 Daphne Drive Murrieta, 2
    • 5 beds 3 baths ∙ 2,500 Sqft ∙ Built 1998 5 beds 3 baths ∙ 2,500 Sqft ∙ Built 1998
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,375
    • $0.95
    •  
  • 26120 Palmetto Street Murrieta, 4
    • 5 beds 2 baths ∙ 2,591 Sqft ∙ Built 2000 5 beds 2 baths ∙ 2,591 Sqft ∙ Built 2000
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,560
    • $0.99
    •  
  • 26328 Palisades Drive Murrieta, 5
    • 5 beds 4 baths ∙ 2,671 Sqft ∙ Built 2002 5 beds 4 baths ∙ 2,671 Sqft ∙ Built 2002
    property image
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.97
    •  
PROPERTY LISTING DETAILS
Thomas Varley
Excel Properties
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: ND20174092
Last Updated: 08/25/2020
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