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30783 Moonflower Lane Murrieta, CA 92563

3 Beds 2 Baths 1,794 sqft Built 2012

$480,000

List Price

$2,190

$2K - $2.4K

Rent Est.

PROPERTY INFO

January 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $267.56
  • 2 Days on Market
  • MLS # : SW21005368
  • Updated Date : 01/09/2021 at 18:08
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,794 sqft
  • Baths : 2 full
Listing Agent

Century 21 Wright

Listing Agent's Description

Charming One Story - Lovely Spencer's Crossing. Features Open Floorplan - Kitchen Is Open To Great Room/Family Room. Kitchen has Dark Cabinets with Stainless Steel Appliances and Garnet Countertops. Lots and Lots of Kitchen Cabinets. Center Island with Sink and features a Breakfast Bar. Nice Long Entry - Three Bedrooms and One Bath On Opposite Side of House From the Private Master Bedroom and Bathroom Suite. Master Closet is a Large Walk-In. Beautiful Backyard with NO Neighbors Looking Into the Back Yard - Only have Side Neighbors. Concreate Patio. Low Maintenance Back Yard. Fridge and Washer and Dryer Included - NO WARRARTIES ARE EXPRESSED OR IMPLIED !!!

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: Spencers Crossing

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $149k584k

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

Neighborhood: Spencers Crossing

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q21200140016001800200022002400Rent in $10822559

* 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
Lisa J. Mails Elementary School Primary Regular 981 36 7
Dorothy Mcelhinney Middle School Middle Regular 1,308 48 8
Vista Murrieta High School High Regular 3,456 132 8

Lisa J. Mails Elementary School

  • Education Level: Primary
  • # of students: 981
  • # of teachers: 36
7
GreatSchools Rating

Dorothy Mcelhinney Middle School

  • Education Level: Middle
  • # of students: 1,308
  • # of teachers: 48
8
GreatSchools Rating

Vista Murrieta High School

  • Education Level: High
  • # of students: 3,456
  • # of teachers: 132
8
GreatSchools Rating
 

$432,000$528,000$480,000

PURCHASE PRICE

$1,971$2,409$2,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,190
EXPENSES Loan Payment -$1,667
Property Tax -$495
Property Insurance -$71
HOA -$128
Property Management Fees -$129
CASH FLOW
-$300

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.

$480,000

PROJECTED PRICE

$2,190

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 6.0%
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$132,950

INVESTMENT

$132,950

Down Payment
$120,000
Rehab Estimate
$5,750
Closing Costs
$7,200

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 $120,000
Loan Amount $360,000
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$7,600

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,190

    LIST RENT
  • $1.22

    LIST RENT PER SQFT
  • $2,247

    COMP ESTIMATED VALUE
  • $1.25

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,1503$2,1904$2,3005$2,400
$2,400
RENT COMPS ANALYSIS
  • 30783 Moonflower Lane Murrieta, CA 3
    • 3 beds 2 baths ∙ 1,794 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,794 Sqft ∙ Built 2012
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,190
    • $1.22
    •  
  • 35847 Gerard Duo Winchester, CA 1
    • 3 beds 2 baths ∙ 1,703 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,703 Sqft ∙ Built 1998
    property image
    LEASED 01/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.23
    •  
  • 31982 Crecy Drive Winchester, CA 2
    • 4 beds 2 baths ∙ 1,723 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,723 Sqft ∙ Built 2001
    property image
    LEASED 11/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.25
    •  
  • 31528 Alicante Winchester, CA 4
    • 3 beds 3 baths ∙ 1,775 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,775 Sqft ∙ Built 2017
    property image
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.30
    •  
  • 31301 Windstone Drive Winchester, CA 5
    • 4 beds 2 baths ∙ 1,945 Sqft ∙ Built 2014 4 beds 2 baths ∙ 1,945 Sqft ∙ Built 2014
    property image
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.23
    •  
PROPERTY LISTING DETAILS
Jim Mucciacito
Century 21 Wright
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW21005368
Last Updated: 01/09/2021
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