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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

$2,310

$2,079 - $2,541

Rent Est.

$487,678  ( +6.04%)   1 YR EST. FORECAST

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.

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
 

$413,910$505,890$459,900

PURCHASE PRICE

$2,079$2,541$2,310

RENT

DOWN PAYMENT
FINANCING

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$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

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

ASSUMPTIONS

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

TOTAL OUT OFPOCKET$127,624

INVESTMENT

$127,624

Down Payment
$114,975
Rehab Estimate
$5,750
Closing Costs
$6,899

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,697

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $114,975
Loan Amount $344,925
See What Happens When You Reinvest Cash Flow

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
$2,150
1$2,1502$2,3003$2,3004$2,3105$2,400
$2,400
RENT COMPS ANALYSIS
  • 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
Jim Mucciacito
Century 21 Wright
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW20166147
Last Updated: 08/15/2020
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