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28751 Tonya Street 
Murrieta, CA
92563
5 Beds 3 Baths 2,736 sqft
Built 2006
INVESTimate
$475,000
List Price
$131,625
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PROPERTY INFO
FACTS
- Built In 2006
- Price/Sqft : $173.61
- 2 Days on Market
- MLS # : IV20173672
- Updated Date : 08/25/2020 at 21:18
CONSTRUCTION
- Beds : 5
- Floor Size : 2,736 sqft
- Baths : 3 full
Listing Agent
Better Homes And Gardens Real Estate Champions
Listing Agent's Description
TURNKEY!!! Ready to move in Spacious 5 bedroom 3 bathrooms 3 car garage, Home includes formal dinning room, living room, Family room with a fireplace and plenty of windows and a work station/desk area. individual Laundry room with plenty of cabinets. Large Kitchen has Granite counter tops with a Nice kitchen island w/breakfast bar and lots of space. Downstairs bedroom with a full bathroom, Upstairs offers Large master bedroom with a separate tub and shower,with his and hers sinks spacious vanity and a large walk-in closet. New Interior paint. Well taken care home.Private landscape back yard.Close to Shopping centers, schools and parks. Move IN Ready. A MUST SEE HOME!!!
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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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Murrieta Highlands
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,350 |
| EXPENSES | Loan Payment | -$1,753 |
| Property Tax | -$490 | |
| Property Insurance | -$93 | |
| Property Management Fees | -$139 | |
|
CASH FLOW
-$124
|
||
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.
$475,000
PROJECTED PRICE
$2,350
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.95% |
| Appreciation Year (1-5) | 6.79% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.35% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$131,625
LOAN DETAILS
$1,753
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $118,750 |
| Loan Amount | $356,250 |
4.42
YEARS SAVED
$24,605
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,350
LIST RENT -
$0.86
LIST RENT PER SQFT
-
$2,332
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
-
28751 Tonya Street Murrieta, 2
- 5 beds 3 baths ∙ 2,736 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,736 Sqft ∙ Built 2006
- Rent
- Rent Per SQFT
- $2,350
- $0.86
-
28914 Lavatera Avenue Murrieta, 1
- 4 beds 3 baths ∙ 2,905 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,905 Sqft ∙ Built 2004
LEASED 03/16/20- Rent
- Rent Per SQFT
- $2,350
- $0.81
-
29074 Goldenstar Way Murrieta, 3
- 6 beds 3 baths ∙ 2,916 Sqft ∙ Built 2004 6 beds 3 baths ∙ 2,916 Sqft ∙ Built 2004
LEASED 12/15/19- Rent
- Rent Per SQFT
- $2,400
- $0.82
-
28739 Lavatera Avenue Murrieta, 4
- 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
-
29216 Azara Street Murrieta, 5
- 5 beds 3 baths ∙ 2,916 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,916 Sqft ∙ Built 2004
LEASED 01/11/20- Rent
- Rent Per SQFT
- $2,550
- $0.87
PROPERTY LISTING DETAILS
Better Homes And Gardens Real Estate Champions
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: IV20173672
Last Updated: 08/25/2020
