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28600 Hellebore Street Murrieta, CA 92563

5 Beds 3 Baths 2,422 sqft Built 2012

$479,900

List Price

$2,250

$2K - $2.5K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 2012
  • Price/Sqft : $198.14
  • 5 Days on Market
  • MLS # : SW20229156
  • Updated Date : 10/30/2020 at 17:29
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,422 sqft
  • Baths : 3 full
Listing Agent

Signature Real Estate Group

Listing Agent's Description

Golly Gee Whiz! Why is it so friggin’ hard to find a house in Murrieta for sale with 5 bedrooms and a 3-car garage that’s at least 2,400sf for less than $500,000? This lack of inventory has been MAKING IT HARD out there for buyers, we get it! GOOD NEWS: This 2,422 has just hit the market in North Murrieta and is just a stone throw from the Loma Linda Hospital. Built in 2012, this home features 5 bedrooms and 3 baths (and YES! There is a bedroom/bathroom downstairs). Great layout and floorplan that features a granite countered kitchen island (pantry too!) that connects to the family room so you can cook up some great food and not feel excluded from your family/guests. Tired of hauling laundry from upstairs down into a garage? Problem solved: this home features its own laundry room upstairs. Wanna take advantage of that burning ball of fire in the sky to power your home? You’re in luck. There is a Sun Run Solar lease for $163.43/mo (pre-solar their bills were $200 to $500/mo! Score!) Tired of Karen-eque type HOA people hassling you for having blades of grass that are a half inch too tall? No worries here my friends, NO HOA in this neighborhood! Heck, even the taxes are only 1.425%, which is also hard to find for newer-ish type homes. BONUS: There is even a built-in hidden safe near the primary bedroom, so you know, you can safely hide firearms/light sabers/and or candy from the kids. See it. Love it. Buy it. Move in before Christmas!

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 Highlands

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $149k584k

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

Neighborhood: Murrieta Highlands

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
Oak Meadows Elementary School Primary Regular 1,014 40 8
Bell Mountain Middle School Middle Regular 1,173 49 7
Paloma Valley High School High Regular 2,844 101 6

Oak Meadows Elementary School

  • Education Level: Primary
  • # of students: 1,014
  • # of teachers: 40
8
GreatSchools Rating

Bell Mountain Middle School

  • Education Level: Middle
  • # of students: 1,173
  • # of teachers: 49
7
GreatSchools Rating

Paloma Valley High School

  • Education Level: High
  • # of students: 2,844
  • # of teachers: 101
6
GreatSchools Rating
 

$431,910$527,890$479,900

PURCHASE PRICE

$2,025$2,475$2,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,250
EXPENSES Loan Payment -$1,771
Property Tax -$571
Property Insurance -$86
Property Management Fees -$133
CASH FLOW
-$310

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.

$479,900

PROJECTED PRICE

$2,250

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 6.8%
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$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$132,924

INVESTMENT

$132,924

Down Payment
$119,975
Rehab Estimate
$5,750
Closing Costs
$7,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,771

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $119,975
Loan Amount $359,925
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$10,310

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,250

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $2,216

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2503$2,3004$2,3005$2,495
$2,495
RENT COMPS ANALYSIS
  • 28600 Hellebore Street Murrieta, CA 2
    • 5 beds 3 baths ∙ 2,422 Sqft ∙ Built 2012 5 beds 3 baths ∙ 2,422 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.93
    •  
  • 33653 Azalea Lane Murrieta, CA 1
    • 5 beds 3 baths ∙ 2,459 Sqft ∙ Built 2003 5 beds 3 baths ∙ 2,459 Sqft ∙ Built 2003
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.89
    •  
  • 33956 Petunia Street Murrieta, CA 3
    • 4 beds 3 baths ∙ 2,375 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,375 Sqft ∙ Built 2004
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.97
    •  
  • 33553 Iris Lane Murrieta, CA 4
    • 4 beds 3 baths ∙ 2,585 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,585 Sqft ∙ Built 2002
    LEASED 08/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.89
    •  
  • 28739 Lavatera Avenue Murrieta, CA 5
    • 4 beds 3 baths ∙ 2,742 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,742 Sqft ∙ Built 2004
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.91
    •  
PROPERTY LISTING DETAILS
John Butler
Signature Real Estate Group
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW20229156
Last Updated: 10/30/2020
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