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25944 Marco Polo Street Murrieta, CA 92563

3 Beds 3 Baths 2,099 sqft Built 2005

$484,900

List Price

$2,260

$2K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $231.01
  • 5 Days on Market
  • MLS # : SW21049648
  • Updated Date : 03/12/2021 at 08:39
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,099 sqft
  • Baths : 2 full , 1 half
Listing Agent

Redfin Corporation

Listing Agent's Description

Turn-key home ready to be made yours in the desirable Jackson Crossing community. This move-in ready home features great curb appeal, a spacious floorplan, new luxury vinyl flooring, new baseboard crown-molding, recessed lighting, and fresh paint throughout! The formal living room has lots of natural light and flows into the family room with a beautiful stone fireplace with a wooden mantle. The kitchen has white cabinetry, gorgeous granite countertops with bar seating, and opens to the dining area with a dry bar and additional cabinetry. All of the bedrooms are on the 2nd floor as well as a large bonus loft area - perfect for a game room or office space! The large primary suite features a double door entry, two closets, and the ideal ensuite with dual sink vanity, a jetted soaking tub, and a separate shower. The fully fenced-in backyard has 2 concrete patio areas and new mulch along the fenceline. Residents get to enjoy community amenities including a swimming pool, spa, and a park! Conveniently located near schools, shopping, dining, and more!

SEE MORE

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
 

$436,410$533,390$484,900

PURCHASE PRICE

$2,034$2,486$2,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,260
EXPENSES Loan Payment -$1,684
Property Tax -$520
Property Insurance -$78
HOA -$125
Property Management Fees -$133
CASH FLOW
-$281

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.

$484,900

PROJECTED PRICE

$2,260

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 7.2%
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

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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$134,249

INVESTMENT

$134,249

Down Payment
$121,225
Rehab Estimate
$5,750
Closing Costs
$7,274

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,684

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $121,225
Loan Amount $363,675
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$8,676

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,260

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $2,335

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$2,260
1$2,2602$2,3003$2,3004$2,4005$2,550
$2,550
RENT COMPS ANALYSIS
  • 25944 Marco Polo Street Murrieta, CA 1
    • 3 beds 3 baths ∙ 2,099 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,099 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,260
    • $1.08
    •  
  • 39790 Notting Hill Road Murrieta, CA 2
    • 3 beds 3 baths ∙ 2,137 Sqft ∙ Built 1988 3 beds 3 baths ∙ 2,137 Sqft ∙ Built 1988
    LEASED 02/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.08
    •  
  • 40033 Calle Real Murrieta, CA 3
    • 3 beds 3 baths ∙ 2,151 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,151 Sqft ∙ Built 2017
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.07
    •  
  • 26298 Jonah Way Murrieta, CA 4
    • 3 beds 3 baths ∙ 2,208 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,208 Sqft ∙ Built 2005
    LEASED 07/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.09
    •  
  • 40693 Cartier Street Murrieta, CA 5
    • 3 beds 3 baths ∙ 2,099 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,099 Sqft ∙ Built 2005
    LEASED 09/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.21
    •  
PROPERTY LISTING DETAILS
Teri Conley
Redfin Corporation
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW21049648
Last Updated: 03/12/2021
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