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25836 Marco Polo Street Murrieta, CA 92563

3 Beds 3 Baths 1,920 sqft Built 2004

INVESTimate

$429,900

List Price

$2,120

$1,908 - $2,332

Rent Est.

$460,939  ( +7.22%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 2004
  • Price/Sqft : $223.91
  • 4 Days on Market
  • MLS # : IG20172767
  • Updated Date : 08/24/2020 at 06:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,920 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

Beautiful 3 bedroom, 3 bath home, 1920 Sq/Ft, great location in "Jackson Crossing" with no one behind you.. Walk to neighborhood park, playground, and pool/spa or just a short stroll across the street to "Town Center' with restaurants and great shopping. Downstairs has living room, family room with stone fireplace, nice kitchen with upgraded tile counters, stainless steel appliances, breakfast counter, and pantry. Upstairs there are 3 bedrooms, 2 baths and a tech center, great spot for kids homework. The master bedroom is spacious with ceiling fan and mountain views. The master bath has 2 vanities, shower, spa tub and huge walk-in closet. Home also has plantation shutters, dual pane windows, tile flooring, brand new carpet, ceiling fans, full length patio cover, Plumeria, Queen palm trees, lime tree, 4 Ton AC unit, epoxy garage floors, new bathroom faucets, LED lighting and build in 2004.. Great community to live in and also has a community gated RV Parking area for a monthly rate if available. Your Buyer's will love this Home!!

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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

Zip Code: 92563

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $149k584k

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

Zip Code: 92563

ZipNIR 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
 

$386,910$472,890$429,900

PURCHASE PRICE

$1,908$2,332$2,120

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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

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 $2,120
EXPENSES Loan Payment -$1,586
Property Tax -$461
Property Insurance -$74
HOA -$125
Property Management Fees -$125
CASH FLOW
-$251

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.

$429,900

PROJECTED PRICE

$2,120

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 7.22%
Maintenance Year (1-5) 8.00%
Vacancy 5.35%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$119,674

INVESTMENT

$119,674

Down Payment
$107,475
Rehab Estimate
$5,750
Closing Costs
$6,449

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,586

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $107,475
Loan Amount $322,425
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$10,200

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,120

    LIST RENT
  • $1.1

    LIST RENT PER SQFT
  • $2,246

    COMP ESTIMATED VALUE
  • $1.17

    COMP AVG. RENT PER SQFT
Comps Range
$2,120
1$2,1202$2,2003$2,3504$2,4205$2,425
$2,425
RENT COMPS ANALYSIS
  • 25836 Marco Polo Street Murrieta, 1
    • 3 beds 3 baths ∙ 1,920 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,920 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,120
    • $1.10
    •  
  • 40025 Calle Real Murrieta, 2
    • 3 beds 3 baths ∙ 1,905 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,905 Sqft ∙ Built 2017
    property image
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.15
    •  
  • 40696 La Salle Place Murrieta, 3
    • 3 beds 3 baths ∙ 1,920 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,920 Sqft ∙ Built 2004
    property image
    LEASED 05/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.22
    •  
  • 40680 La Salle Place Murrieta, 4
    • 4 beds 3 baths ∙ 2,053 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,053 Sqft ∙ Built 2004
    property image
    LEASED 09/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,420
    • $1.18
    •  
  • 39860 Braewood Court Murrieta, 5
    • 4 beds 3 baths ∙ 2,137 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,137 Sqft ∙ Built 1988
    property image
    LEASED 08/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,425
    • $1.13
    •  
PROPERTY LISTING DETAILS
John Simcoe
Keller Williams Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IG20172767
Last Updated: 08/24/2020
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