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26652 Paddington Court Murrieta, CA 92563

4 Beds 3 Baths 2,574 sqft Built 2002

$624,999

List Price

$2,600

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $242.81
  • 5 Days on Market
  • MLS # : SW21028604
  • Updated Date : 02/11/2021 at 19:17
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,574 sqft
  • Baths : 3 full
Listing Agent

Help U Sell 951 Realty

Listing Agent's Description

Stunning, warm and inviting quiet cul-de-sac home located in the desirable Clarendon Hills neighborhood. Property features a private detached casita w/full bath, walk-in closet, kitchenette and plenty of natural light. Perfect for home office or in-law suite. Gated courtyard offers tranquility with it's tropical folliage and tiered waterfall fountain. Home is tastfully decorated with crown molding, plantation shutters, granite counter tops, 12' ceilings, fans and beautiful Brazilian hardwood floors. Office w/French doors open to the courtyard. The formal dining room provides decorative windows and pendant lighting. An eat-in kitchen features, stainless steel appliances, new refrigerator 2020, center granite island, and plenty of cabinet space. Kitchen opens to a cozy family room with a gas stone fireplace and windows filling the back wall catching the morning sun. Master suite with large walk-in closet off the master en-suite bathroom, plus sliding glass doors leading to the backyard patio. Large pool sized private backyard, plumbed gas BBQ, stamped concrete, and pergolas, offers plenty of space for entertaining. Flowering perennials supply beautiful views year round. Solar lights surround the home with resort style ambience. Wired for ADT security. Automatic light timers brighten the front of the house. New HVAC 2019, 3 car garage w/epoxy floors, low HOA and taxes, great schools, close to shopping, Wine Country, Old Town Temecula, freeways, and so much 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

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
 

$562,499$687,499$624,999

PURCHASE PRICE

$2,340$2,860$2,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,600
EXPENSES Loan Payment -$2,171
Property Tax -$744
Property Insurance -$90
HOA -$12
Property Management Fees -$153
CASH FLOW
-$570

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.

$624,999

PROJECTED PRICE

$2,600

PROJECTED RENT

0.42%

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

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$171,375

INVESTMENT

$171,375

Down Payment
$156,250
Rehab Estimate
$5,750
Closing Costs
$9,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,171

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $156,250
Loan Amount $468,749
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$3,370

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,600

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $2,793

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,6003$2,6504$2,8005$3,000
$3,000
RENT COMPS ANALYSIS
  • 26652 Paddington Court Murrieta, CA 2
    • 4 beds 3 baths ∙ 2,574 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,574 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.01
    •  
  • 40222 Danbury Court Temecula, CA 1
    • 4 beds 3 baths ∙ 2,401 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,401 Sqft ∙ Built 2005
    LEASED 11/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.08
    •  
  • 26781 Queen Court Murrieta, CA 3
    • 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
    •  
  • 28898 Newport Road Temecula, CA 4
    • 4 beds 3 baths ∙ 2,578 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,578 Sqft ∙ Built 2004
    LEASED 10/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.09
    •  
  • 27247 Avon Temecula, CA 5
    • 4 beds 3 baths ∙ 2,513 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,513 Sqft ∙ Built 2012
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.19
    •  
PROPERTY LISTING DETAILS
Jason Mannino
Help U Sell 951 Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW21028604
Last Updated: 02/11/2021
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