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30486 Mahogany St Murrieta, CA 92563

4 Beds 2 Baths 2,628 sqft Built 2014

$520,000

List Price

$2,540

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $197.87
  • 4 Days on Market
  • MLS # : 210001028
  • Updated Date : 01/14/2021 at 19:56
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,628 sqft
  • Baths : 2 full
Listing Agent

Exp Realty Of California Inc

Listing Agent's Description

Enjoy everything you need on a single story in this 4 bedroom, 2 bathroom Murrieta home. Built in 2014, this home features an open concept living space with plenty of cabinet and countertop space in the kitchen helping to make this home an entertainers dream. Step outside under the patio cover to enjoy time outdoors year-round in the shade. A spacious primary bedroom with a large attached bathroom featuring a deep tub, shower and double vanities, offer an inviting escape from the everyday. A bonus space could be used as a den, playroom or office space. A widened driveway allows for plenty of off-street parking, in addition to the attached 2 car garage. With a solar panels on a power purchase agreement, you can stay cool all summer with the help of the sun to offset summer's sometimes oversized utility bills. Property also features a life source salt less water purification system, a tankless water heater and artificial turf in the spacious, private back yard. Don't miss this phenomenal single story Murrieta property. Equipment: Dryer, Range/Oven, Washer Other Fees: 0 Sewer: Sewer Connected Topography: LL

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MARKET HIGHLIGHTS

  • 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.
  • 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)

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 Regular 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
 

$468,000$572,000$520,000

PURCHASE PRICE

$2,286$2,794$2,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,540
EXPENSES Loan Payment -$1,806
Property Tax -$526
Property Insurance -$91
HOA -$39
Property Management Fees -$150
CASH FLOW
-$72

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.

$520,000

PROJECTED PRICE

$2,540

PROJECTED RENT

0.49%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

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

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$143,550

INVESTMENT

$143,550

Down Payment
$130,000
Rehab Estimate
$5,750
Closing Costs
$7,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,806

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $130,000
Loan Amount $390,000
See What Happens When You Reinvest Cash Flow

4.92

YEARS SAVED

$26,251

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,540

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $2,720

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$2,540
1$2,5402$2,5503$2,5954$2,7005$2,900
$2,900
RENT COMPS ANALYSIS
  • 30486 Mahogany St Murrieta, CA 1
    • 4 beds 2 baths ∙ 2,628 Sqft ∙ Built 2014 4 beds 2 baths ∙ 2,628 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $2,540
    • $0.97
    •  
  • 30169 Alfalfa Lane Murrieta, CA 2
    • 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
    •  
  • 35341 Evening Glow Drive Murrieta, CA 3
    • 4 beds 3 baths ∙ 2,594 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,594 Sqft ∙ Built 2010
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $1.00
    •  
  • 35703 Date Palm Street Winchester, CA 4
    • 4 beds 3 baths ∙ 2,565 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,565 Sqft ∙ Built 2004
    LEASED 10/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.05
    •  
  • 35616 Hawkeye Street Murrieta, CA 5
    • 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
    •  
PROPERTY LISTING DETAILS
Sarah Messali
Exp Realty Of California Inc
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: 210001028
Last Updated: 01/14/2021
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