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30548 Ticonderoga Court Murrieta, CA 92563

3 Beds 3 Baths 1,864 sqft Built 2018

$479,900

List Price

$2,120

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $257.46
  • 7 Days on Market
  • MLS # : SW21002382
  • Updated Date : 01/15/2021 at 07:36
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,864 sqft
  • Baths : 2 full , 1 half
Listing Agent

First Team Real Estate, Tem

Listing Agent's Description

Amazing view lot located in the community of Calistoga at the Promontory built in 2018 shows great pride of ownership and is located in the award-winning Temecula School District. Just wait until you see the incredible views from this home - offering jaw-dropping views of the sunsets, hills, mountains, and the valley to enjoy. Warm luxury vinyl flooring throughout the main level is sure to please and you will love the kitchen space complete with granite counters, tastefully colored cabinetry, stainless steel appliances, and a large island with barstool seating which opens to the inviting family room with neutral paint and great natural light. As you approach the top of the stairs you will find a loft with a ceiling fan, plantation shutters/blinds, neutral carpet/paint overlooking those amazing views. An upstairs laundry room with a sink is very convenient. The primary suite is spacious and has a large deck where you will love to unwind, plus a large walk-in closet! Through double sliding barn-doors, you will enjoy a beautiful bathroom with quartz counters, dual sinks, and a separate tub and shower. The backyard is immaculate with easy maintenance featuring artificial grass (also located in the front yard), Alumawood solid patio cover with a fan as well as tropical landscaping and rock. In addition, you will love the open wrought iron back fence to take in the views + vinyl side fencing! Dining, shopping, and city conveniences are all located nearby. This is the home for you!

SEE MORE

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

Neighborhood: French Valley

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $149k584k

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

Neighborhood: French Valley

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q21200140016001800200022002400Rent in $10822562

* 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
Alamos Elementary School Primary Regular 829 32 9
Bella Vista Middle School Middle Regular 1,148 44 8
Chaparral High School High Regular 3,237 120 9

Alamos Elementary School

  • Education Level: Primary
  • # of students: 829
  • # of teachers: 32
9
GreatSchools Rating

Bella Vista Middle School

  • Education Level: Middle
  • # of students: 1,148
  • # of teachers: 44
8
GreatSchools Rating

Chaparral High School

  • Education Level: High
  • # of students: 3,237
  • # of teachers: 120
9
GreatSchools Rating
 

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

PURCHASE PRICE

$1,908$2,332$2,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,120
EXPENSES Loan Payment -$1,667
Property Tax -$495
Property Insurance -$72
HOA -$113
Property Management Fees -$125
CASH FLOW
-$352

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

$2,120

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 5.9%
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

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.

$1,667

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $119,975
Loan Amount $359,925
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$5,346

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,120

    LIST RENT
  • $1.14

    LIST RENT PER SQFT
  • $2,116

    COMP ESTIMATED VALUE
  • $1.14

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,1203$2,2004$2,2505$2,400
$2,400
RENT COMPS ANALYSIS
  • 30548 Ticonderoga Court Murrieta, CA 2
    • 3 beds 3 baths ∙ 1,864 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,864 Sqft ∙ Built 2018
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,120
    • $1.14
    •  
  • 38340 Quiet Run Court Murrieta, CA 1
    • 3 beds 3 baths ∙ 1,910 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,910 Sqft ∙ Built 2003
    property image
    LEASED 09/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.10
    •  
  • 38345 Augusta Drive Murrieta, CA 3
    • 3 beds 2 baths ∙ 1,950 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,950 Sqft ∙ Built 1998
    property image
    LEASED 03/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.13
    •  
  • 31088 Waterton Court Murrieta, CA 4
    • 4 beds 3 baths ∙ 2,017 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,017 Sqft ∙ Built 2013
    property image
    LEASED 12/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.12
    •  
  • 31088 Rose Arbor Court Murrieta, CA 5
    • 4 beds 3 baths ∙ 2,017 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,017 Sqft ∙ Built 2012
    property image
    LEASED 11/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.19
    •  
PROPERTY LISTING DETAILS
Ashley Cooper
First Team Real Estate, Tem
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW21002382
Last Updated: 01/15/2021
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