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30464 Thicket Court Murrieta, CA 92563

4 Beds 2 Baths 2,820 sqft Built 2017

$564,888

List Price

$2,830

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
SINGLE-FAMILY
February 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $200.31
  • 6 Days on Market
  • MLS # : IV21037027
  • Updated Date : 02/23/2021 at 11:56
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,820 sqft
  • Baths : 2 full
Listing Agent

Redfin

Listing Agent's Description

Gorgeous single-story home located at the end of a cul de sac street with unobstructed views of the park and great curb appeal! This spacious home features beautiful vinyl planking flooring throughout the main living areas, upgraded 8 ft doors, recessed lighting, and high-end builder updates throughout! The front room can be a home office or formal living room/dining area which flows into the large great room with an open concept kitchen featuring a massive center island, stunning granite countertops, white cabinetry with lots of storage space, a pantry, and stainless steel appliances. The family room and dining area off of the kitchen also offers a fireplace and sliding glass door access to the private backyard. All of the bedrooms have carpet flooring and are generously sized, and the primary suite has a huge ensuite with dual sink vanity, a soaking tub, a separate shower, and a walk-in closet. The 4th bedroom/Gen Suite features a kitchenette with a sink, microwave, granite countertops, and white cabinetry. The Gen Suite also has a private bathroom and a walk-in closet. Enjoy the backyard with a built-in open patio, and there is a concrete pad ready for a future spa! Conveniently located near schools, shopping, dining, and 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

Zip Code: 92563

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $149k584k

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

Zip Code: 92563

ZipNIR 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
Harvest Hill Steam Academy Primary Unknown NA
Bell Mountain Middle School Middle Regular 1,173 49 7
Paloma Valley High School High Regular 2,844 101 6

Harvest Hill Steam Academy

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
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
 

$508,399$621,377$564,888

PURCHASE PRICE

$2,547$3,113$2,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,830
EXPENSES Loan Payment -$1,962
Property Tax -$572
Property Insurance -$95
HOA -$35
Property Management Fees -$167
CASH FLOW
-$1

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.

$564,888

PROJECTED PRICE

$2,830

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 7.2%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k

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$155,445

INVESTMENT

$155,445

Down Payment
$141,222
Rehab Estimate
$5,750
Closing Costs
$8,473

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,962

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $141,222
Loan Amount $423,666
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$35,717

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,830

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $2,954

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$2,550
1$2,5502$2,8003$2,8304$2,9005$3,158
$3,158
RENT COMPS ANALYSIS
  • 30464 Thicket Court Murrieta, CA 3
    • 4 beds 2 baths ∙ 2,820 Sqft ∙ Built 2017 4 beds 2 baths ∙ 2,820 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,830
    • $1.00
    •  
  • 30169 Alfalfa Lane Murrieta, CA 1
    • 3 beds 3 baths ∙ 2,607 Sqft ∙ Built 2014 3 beds 3 baths ∙ 2,607 Sqft ∙ Built 2014
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.98
    •  
  • 30645 Hollybrooke Lane Murrieta, CA 2
    • 4 beds 3 baths ∙ 3,000 Sqft ∙ Built 2018 4 beds 3 baths ∙ 3,000 Sqft ∙ Built 2018
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.93
    •  
  • 35616 Hawkeye Street Murrieta, CA 4
    • 4 beds 2 baths ∙ 2,617 Sqft ∙ Built 2010 4 beds 2 baths ∙ 2,617 Sqft ∙ Built 2010
    LEASED 01/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.11
    •  
  • 34578 Running Canyon Drive Murrieta, CA 5
    • 4 beds 2 baths ∙ 2,708 Sqft ∙ Built 2020 4 beds 2 baths ∙ 2,708 Sqft ∙ Built 2020
    LEASED 02/22/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,158
    • $1.17
    •  
PROPERTY LISTING DETAILS
Coleen Hyams
Redfin
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV21037027
Last Updated: 02/23/2021
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