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30854 Thimbleberry Lane Murrieta, CA 92563

4 Beds 3 Baths 2,798 sqft Built 2013

$560,000

List Price

$2,600

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

December 23, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $200.14
  • 5 Days on Market
  • MLS # : SW20262037
  • Updated Date : 12/26/2020 at 10:05
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,798 sqft
  • Baths : 3 full
Listing Agent

Presidential Re Services

Listing Agent's Description

Welcome home to this spacious single story Murrieta home located in the highly desirable Spencers Crossing Community, that has bountiful amenities . This beautiful 4 bed-3 bath home showcases a beautiful open concept. This model has one of the largest floor plans for a single story in the community. This home has several upgrades throughout including custom paint, wood flooring, beautiful barn yard doors leading into to the dining room and even a custom wine cellar! The backyard is equipped with a California style built-in patio that connects to both the kitchen and master bedroom, fire pit, vinyl fencing down each side and a block retaining wall in the back. The backyard also has a fruit bearing lemon & orange tree. There is no better way to start 2021 than with this beautiful home to make your own.

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

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
 

$504,000$616,000$560,000

PURCHASE PRICE

$2,340$2,860$2,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,600
EXPENSES Loan Payment -$2,066
Property Tax -$578
Property Insurance -$95
HOA -$128
Property Management Fees -$153
CASH FLOW
-$420

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.

$560,000

PROJECTED PRICE

$2,600

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$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$154,150

INVESTMENT

$154,150

Down Payment
$140,000
Rehab Estimate
$5,750
Closing Costs
$8,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,066

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $140,000
Loan Amount $420,000
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$8,744

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,600

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $2,805

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,4003$2,5504$2,6005$2,900
$2,900
RENT COMPS ANALYSIS
  • 30854 Thimbleberry Lane Murrieta, CA 4
    • 3 beds 3 baths ∙ 2,798 Sqft ∙ Built 2012 3 beds 3 baths ∙ 2,798 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.93
    •  
  • 35241 Kohala Drive Winchester, CA 1
    • 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
    •  
  • 35279 Waimea Way Winchester, CA 2
    • 4 beds 3 baths ∙ 2,500 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,500 Sqft ∙ Built 2006
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.96
    •  
  • 30169 Alfalfa Lane Murrieta, CA 3
    • 3 beds 3 baths ∙ 2,607 Sqft ∙ Built 2014 3 beds 3 baths ∙ 2,607 Sqft ∙ Built 2014
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.98
    •  
  • 35616 Hawkeye Street Murrieta, CA 5
    • 4 beds 2 baths ∙ 2,617 Sqft ∙ Built 2010 4 beds 2 baths ∙ 2,617 Sqft ∙ Built 2010
    LEASED 01/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.11
    •  
PROPERTY LISTING DETAILS
Robert Rascon
Presidential Re Services
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW20262037
Last Updated: 12/26/2020
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