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30821 Prairie Sun Way 
Murrieta, CA
92563
3 Beds 2 Baths 2,384 sqft
Built 2012
INVESTimate
$459,900
List Price
$127,624
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PROPERTY INFO
FACTS
- Built In 2012
- Price/Sqft : $192.91
- 13 Days on Market
- MLS # : SW20166147
- Updated Date : 08/15/2020 at 21:31
CONSTRUCTION
- Beds : 3
- Floor Size : 2,384 sqft
- Baths : 2 full
Listing Agent
Century 21 Wright
Listing Agent's Description
TURNKEY: Stunning Spencer's Crossing Single Story Beauty. Private Gated-Atrium Entry. Open Floor Plan with Great Room, Formal Dining Room, Three Bedrooms, Office/Den, Two Bathrooms - Granite Counter-Tops. Kitchen with White Cabinets, White Appliances (Double Oven), Farm Sink, White Subway Tile Back Splash, Black Quartz Counter-Top Under Kitchen Cabinets & Underneath Lighting. Pearl Quartz Counter-Top on Center Island. Custom Built Wall-to-Wall White Cabinets with Fireplace in the Middle of the Great Room. Upper Cabinets has Glass Panels & Lower Storage Has Pull-Out Drawers. Crown Molding: Great Room, Dining Room, Kitchen, Office/Den, Master Bedroom. Window Shutters: Great Room, Dining Room, Office/Den & Master Bedroom. Office/Den has Wall-to-Wall Built-In Custom Cabinets - Upper Book Cases & Lower Cabinets. Opposite Wall has Two Built-In Office Desk Areas. Brand New Vinyl Flooring Throughout The Home EXCEPT Master Bedroom and Front Bedroom Which Has Carpet. Master Bedroom has Super Large Walk-In Closet with Custom Built-Ins and Storage. Recessed LED Lighting Throughout Home. Inside Laundry has White Cabinets and Sink. Three Car Garage with Custom Built-In Cabinet In Both Garage Areas. California Patio in Backyard Oasis that has Alumawood Patio Cover, Vinyl Fencing. Back Block Wall, Raised Flower Bed with Underneath Lighting. Fruit Trees: Lemon and Tangelo and Storage Unit for Gardening Equipment.
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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: Spencers Crossing
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Spencers Crossing
* 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 | $2,310 |
| EXPENSES | Loan Payment | -$1,697 |
| Property Tax | -$474 | |
| Property Insurance | -$85 | |
| HOA | -$128 | |
| Property Management Fees | -$136 | |
|
CASH FLOW
-$210
|
||
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.
$459,900
PROJECTED PRICE
$2,310
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.95% |
| Appreciation Year (1-5) | 6.04% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.35% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$127,624
LOAN DETAILS
$1,697
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $114,975 |
| Loan Amount | $344,925 |
3.33
YEARS SAVED
$15,164
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,310
LIST RENT -
$0.97
LIST RENT PER SQFT
-
$2,360
COMP ESTIMATED VALUE -
$0.99
COMP AVG. RENT PER SQFT
Comps Range
-
30821 Prairie Sun Way Murrieta, 4
- 3 beds 2 baths ∙ 2,384 Sqft ∙ Built 2012 3 beds 2 baths ∙ 2,384 Sqft ∙ Built 2012
- Rent
- Rent Per SQFT
- $2,310
- $0.97
-
31067 Pinon Pine Circle Winchester, 1
- 3 beds 3 baths ∙ 2,217 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,217 Sqft ∙ Built 2015
LEASED 12/30/19- Rent
- Rent Per SQFT
- $2,150
- $0.97
-
35125 Waimea Way Winchester, 2
- 4 beds 3 baths ∙ 2,320 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,320 Sqft ∙ Built 2012
LEASED 04/12/20- Rent
- Rent Per SQFT
- $2,300
- $0.99
-
34895 Armstrong Road Winchester, 3
- 3 beds 3 baths ∙ 2,217 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,217 Sqft ∙ Built 2013
LEASED 04/23/20- Rent
- Rent Per SQFT
- $2,300
- $1.04
-
35241 Kohala Drive Winchester, 5
- 4 beds 3 baths ∙ 2,500 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,500 Sqft ∙ Built 2006
LEASED 06/22/20- Rent
- Rent Per SQFT
- $2,400
- $0.96
PROPERTY LISTING DETAILS
Century 21 Wright
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: SW20166147
Last Updated: 08/15/2020
