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27862 Tamrack Way Murrieta, CA 92563

5 Beds 3 Baths 2,653 sqft Built 2003

$495,200

List Price

$2,380

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

November 29, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $186.66
  • 2 Days on Market
  • MLS # : IG20247823
  • Updated Date : 11/28/2020 at 16:09
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,653 sqft
  • Baths : 2 full , 1 half
Listing Agent

Active Realty

Listing Agent's Description

Beautiful 5 bedroom, 2.5 bathroom, 2 story home with a main floor bedroom in the community of Murrieta! Enjoy an open floor plan, high ceilings, and an inviting brick fireplace. The kitchen opens to the family room and offers a center island, breakfast bar, white tile countertops, and light wood cabinetry. The upstairs primary bedroom features a walk-in closet, dual sinks in the primary bathroom, a walk-in shower, and separate soaking tub. Additional property highlights include an open office area adjacent to the primary bedroom, a large backyard with a concrete patio, a 3 car garage, no HOA, and no Mello Roos. Convenient to area shops, markets, and easy access to major freeways!

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: Los Alamos Hills

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $149k584k

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

Neighborhood: Los Alamos Hills

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
Rail Ranch Elementary School Primary Regular 599 23 8
Rail Ranch Elementary School Middle Regular 599 23 8
Vista Murrieta High School High Regular 3,456 132 8

Rail Ranch Elementary School

  • Education Level: Primary
  • # of students: 599
  • # of teachers: 23
8
GreatSchools Rating

Rail Ranch Elementary School

  • Education Level: Middle
  • # of students: 599
  • # of teachers: 23
8
GreatSchools Rating

Vista Murrieta High School

  • Education Level: High
  • # of students: 3,456
  • # of teachers: 132
8
GreatSchools Rating
 

$445,680$544,720$495,200

PURCHASE PRICE

$2,142$2,618$2,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,380
EXPENSES Loan Payment -$1,827
Property Tax -$511
Property Insurance -$91
Property Management Fees -$140
CASH FLOW
-$190

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.

$495,200

PROJECTED PRICE

$2,380

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 6.3%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$136,978

INVESTMENT

$136,978

Down Payment
$123,800
Rehab Estimate
$5,750
Closing Costs
$7,428

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,827

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $123,800
Loan Amount $371,400
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$20,569

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,380

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $2,421

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,3503$2,3804$2,4505$2,495
$2,495
RENT COMPS ANALYSIS
  • 27862 Tamrack Way Murrieta, CA 3
    • 5 beds 3 baths ∙ 2,653 Sqft ∙ Built 2003 5 beds 3 baths ∙ 2,653 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,380
    • $0.90
    •  
  • 27918 Canyon Hills Way Murrieta, CA 1
    • 5 beds 3 baths ∙ 2,617 Sqft ∙ Built 2003 5 beds 3 baths ∙ 2,617 Sqft ∙ Built 2003
    property image
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.88
    •  
  • 27873 Canyon Hills Way Murrieta, CA 2
    • 4 beds 3 baths ∙ 2,617 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,617 Sqft ∙ Built 2003
    property image
    LEASED 06/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.90
    •  
  • 27840 Post Oak Place Murrieta, CA 4
    • 4 beds 3 baths ∙ 2,721 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,721 Sqft ∙ Built 2004
    property image
    LEASED 07/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.90
    •  
  • 36801 Longbranch Avenue Murrieta, CA 5
    • 4 beds 3 baths ∙ 2,575 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,575 Sqft ∙ Built 2003
    property image
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.97
    •  
PROPERTY LISTING DETAILS
Justin Tye
Active Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IG20247823
Last Updated: 11/28/2020
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