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26268 Alcott Union Drive Murrieta, CA 92563

5 Beds 4 Baths 2,671 sqft Built 2002

$500,000

List Price

$2,390

$2.2K - $2.6K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 2002
  • Price/Sqft : $187.20
  • 5 Days on Market
  • MLS # : SW20228407
  • Updated Date : 11/02/2020 at 11:55
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,671 sqft
  • Baths : 4 full
Listing Agent

Signature Real Estate Group

Listing Agent's Description

***Low Taxes and Low HOA***This home is located in the highly sought after Gated Arborwalk at Old School House community. This home has a great layout with lots of room. As you enter the home, you are greeted by high ceilings and an open floorplan. The formal living and dining rooms are large and offer lots of windows with plantation shutters. The kitchen is open to the family room with a fireplace and access to the large backyard. There is an office/bonus room downstairs and a laundry room with a sink and a full guest bathroom. Upstairs has five large bedrooms and three full bathrooms, including the master bedroom with a huge walk-in closet. The newly landscaped front yard and large backyard are perfect for entertaining. Talk about location! There is shopping, restaurants, freeways, and wineries all minutes away.

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

Neighborhood: Murrieta Hot Springs

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $143k560k

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

Neighborhood: Murrieta Hot Springs

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q21100120013001400150016001700180019002000210022002300Rent in $10822387

* 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
 

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

PURCHASE PRICE

$2,151$2,629$2,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,390
EXPENSES Loan Payment -$1,845
Property Tax -$530
Property Insurance -$92
HOA -$48
Property Management Fees -$141
CASH FLOW
-$266

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

$2,390

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 7.5%
Maintenance Year (1-5) 8.00%
Vacancy 5.43%
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

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

$1,845

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $125,000
Loan Amount $375,000
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$14,550

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,390

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $2,544

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$2,375
1$2,3752$2,3903$2,4504$2,6005$2,650
$2,650
RENT COMPS ANALYSIS
  • 26268 Alcott Union Drive Murrieta, CA 2
    • 5 beds 4 baths ∙ 2,671 Sqft ∙ Built 2002 5 beds 4 baths ∙ 2,671 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $2,390
    • $0.89
    •  
  • 39810 Daphne Drive Murrieta, CA 1
    • 5 beds 3 baths ∙ 2,500 Sqft ∙ Built 1998 5 beds 3 baths ∙ 2,500 Sqft ∙ Built 1998
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,375
    • $0.95
    •  
  • 39573 Bonaire Way Murrieta, CA 3
    • 5 beds 4 baths ∙ 2,706 Sqft ∙ Built 1999 5 beds 4 baths ∙ 2,706 Sqft ∙ Built 1999
    LEASED 09/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.91
    •  
  • 26328 Palisades Drive Murrieta, CA 4
    • 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
    •  
  • 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
Michael Marchena
Signature Real Estate Group
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW20228407
Last Updated: 11/02/2020
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