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26146 Cottonwood Street Murrieta, CA 92563

4 Beds 3 Baths 2,801 sqft Built 2000

$599,000

List Price

$2,620

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $213.85
  • 4 Days on Market
  • MLS # : SW20243046
  • Updated Date : 11/21/2020 at 09:44
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,801 sqft
  • Baths : 2 full , 1 half
Listing Agent

Kw Temecula

Listing Agent's Description

Stunning pool home on a large lot and loaded with upgrades along with RV parking. This home is over 2800 sf with four bedrooms, large bonus/great room and optional office or 5th bedroom downstairs and a 3 car garage. Stately privacy gate to a cozy porch and then dramatic high ceilings as you enter this amazing home. Upgrades include plank flooring, new interior paint, wrought iron stair rails, upgraded baseboards. ceiling fans and remodeled kitchen and bathrooms. Gourmet kitchen with super large granite island and granite counters with full backsplash, stainless steel appliances and beautiful black cabinets with contemporary hardware. Butler's pantry and downstairs laundry room. Huge upstairs bonus room for second living area. All the bathrooms are elegantly remodeled with modern cabinets and fixtures. Spacious master suite with two walk-in closets. Entertain and relax in this magnificent backyard that includes a sparkling pool, patio cover, plenty of grass area and large side yard that would be great for a dog run. The other side yard is a 46 x 9 gated RV space. Extensive hardscape in the back and plenty of seat wall to accommodate all your friends and family. TV in the back stays. All this in the highly desirable community of Vintage Reserve; centrally located close to shops, restaurants, schools, parks and easy access to freeways. An impressive pool home in a wonderful neighborhood!

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Vintage Reserve

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $149k584k

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

Neighborhood: Vintage Reserve

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
Buchanan Elementary School Primary Regular 998 37 8
Warm Springs Middle School Middle Regular 891 31 6
Vista Murrieta High School High Regular 3,456 132 8

Buchanan Elementary School

  • Education Level: Primary
  • # of students: 998
  • # of teachers: 37
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
 

$539,100$658,900$599,000

PURCHASE PRICE

$2,358$2,882$2,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,620
EXPENSES Loan Payment -$2,210
Property Tax -$608
Property Insurance -$95
Property Management Fees -$155
CASH FLOW
-$448

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.

$599,000

PROJECTED PRICE

$2,620

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 4.9%
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-$10k-$5.0k$0.0$5.0k$10k$15k

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$164,485

INVESTMENT

$164,485

Down Payment
$149,750
Rehab Estimate
$5,750
Closing Costs
$8,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,210

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $149,750
Loan Amount $449,250
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$10,283

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,620

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $2,682

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$2,560
1$2,5602$2,6003$2,6004$2,6205$2,650
$2,650
RENT COMPS ANALYSIS
  • 26146 Cottonwood Street Temecula, CA 4
    • 4 beds 3 baths ∙ 2,801 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,801 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $2,620
    • $0.94
    •  
  • 26120 Palmetto Street Murrieta, CA 1
    • 5 beds 2 baths ∙ 2,591 Sqft ∙ Built 2000 5 beds 2 baths ∙ 2,591 Sqft ∙ Built 2000
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,560
    • $0.99
    •  
  • 26328 Palisades Drive Murrieta, CA 2
    • 5 beds 4 baths ∙ 2,671 Sqft ∙ Built 2002 5 beds 4 baths ∙ 2,671 Sqft ∙ Built 2002
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.97
    •  
  • 40067 Jonah Way Murrieta, CA 3
    • 5 beds 3 baths ∙ 2,929 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,929 Sqft ∙ Built 2005
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.89
    •  
  • 26781 Queen Court Murrieta, CA 5
    • 5 beds 3 baths ∙ 2,701 Sqft ∙ Built 2002 5 beds 3 baths ∙ 2,701 Sqft ∙ Built 2002
    LEASED 10/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.98
    •  
PROPERTY LISTING DETAILS
Marcel Hensley
Kw Temecula
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW20243046
Last Updated: 11/21/2020
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