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30833 Lilac Dr Murrieta, CA 92563

4 Beds 3 Baths 2,204 sqft Built 2005

$546,800

List Price

$2,260

$2K - $2.5K

Rent Est.

PROPERTY INFO

February 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $248.09
  • 7 Days on Market
  • MLS # : 210002712
  • Updated Date : 02/05/2021 at 18:58
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,204 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker West

Listing Agent's Description

Seldom offered in Murrieta's Central Park Neighborhood, a single story spacious 3BR-2.5BA plus office on a .26 acre lot. Walk into this stunning and updated home to a formal entry, office/den and open floor plan with living and dinning area. Gather in the beautiful kitchen & family room and fireplace. This home has it's own private oasis in back with several sitting/dining areas, 2 pergolas and a built in bar. Situated on a North West facing culdesac. A MUST SEE! Very low HOA of $49 month for clubhouse & pool. Oher amenities include tennis courts, basket ball court, park, including children's play area. Kitchen and master bedroom have solar screens, eliminating 90% of heat. Refrigerator in the kitchen does not convey. The Black Kenmore refrigerator in the garage does convey and will be moved into the kitchen at close of escrow. Kitchen water filtration system at sink and Washer & Dryer do not convey. Equipment: Garage Door Opener Other Fees: 0 Sewer: Sewer Connected, Public Sewer Topography: LL

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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: Winchester-Silverhawk

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $149k584k

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

Neighborhood: Winchester-Silverhawk

NeighborhoodNIR 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
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
 

$492,120$601,480$546,800

PURCHASE PRICE

$2,034$2,486$2,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,260
EXPENSES Loan Payment -$1,899
Property Tax -$609
Property Insurance -$81
HOA -$49
Property Management Fees -$133
CASH FLOW
-$512

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.

$546,800

PROJECTED PRICE

$2,260

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 6.7%
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

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$150,652

INVESTMENT

$150,652

Down Payment
$136,700
Rehab Estimate
$5,750
Closing Costs
$8,202

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,899

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $136,700
Loan Amount $410,100
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$2,516

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,260

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $2,314

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2603$2,3504$2,4005$2,650
$2,650
RENT COMPS ANALYSIS
  • 30833 Lilac Dr Murrieta, CA 2
    • 3 beds 3 baths ∙ 2,204 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,204 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,260
    • $1.03
    •  
  • 38350 Quiet Run Court Murrieta, CA 1
    • 3 beds 3 baths ∙ 2,180 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,180 Sqft ∙ Built 2003
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.01
    •  
  • 31008 Waterton Court Murrieta, CA 3
    • 4 beds 3 baths ∙ 2,277 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,277 Sqft ∙ Built 2013
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.03
    •  
  • 31038 Old Cypress Drive Murrieta, CA 4
    • 4 beds 3 baths ∙ 2,277 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,277 Sqft ∙ Built 2012
    LEASED 09/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.05
    •  
  • 39208 Half Moon Corcle Murrieta, CA 5
    • 4 beds 3 baths ∙ 2,386 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,386 Sqft ∙ Built 2004
    LEASED 12/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.11
    •  
PROPERTY LISTING DETAILS
Denise Lisa
Coldwell Banker West
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: 210002712
Last Updated: 02/05/2021
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