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30923 Windflower Lane Murrieta, CA 92563

4 Beds 2 Baths 2,490 sqft Built 2014

$535,000

List Price

$2,280

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2014
  • Price/Sqft : $214.86
  • 5 Days on Market
  • MLS # : SW20233343
  • Updated Date : 11/05/2020 at 13:31
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,490 sqft
  • Baths : 2 full
Listing Agent

Allison James Estates & Homes

Listing Agent's Description

Welcome Home to this stunning single story boasting with pride of ownership and attention to detail! Located in desirable Spencer's Crossing! 4 large bedrooms, 2 and 3/4 bathrooms, great room and office/den. So many designer touches with amazing shiplap, gorgeous laminate flooring throughout with 6-inch baseboards, ceiling fans, plantation shutters, the list goes on and on! Enormous chef style kitchen with quartz countertops, open shelving, trough stainless steel sink, huge island with breakfast bar wrapped in shiplap, stainless steel appliances including a double oven and ginormous walk-in pantry with a custom barn door! Backyard equipped with patio, vinyl fencing down each side and block wall on the back. Front and back yard easy maintenance with just enough grass, concrete, river rock and palm trees. Garage has custom storage and epoxy flooring. Come see this beautiful gem today!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 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
Harvest Hill Steam Academy Primary Regular NA
Bell Mountain Middle School Middle Regular 1,173 49 7
Paloma Valley High School High Regular 2,844 101 6

Harvest Hill Steam Academy

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Bell Mountain Middle School

  • Education Level: Middle
  • # of students: 1,173
  • # of teachers: 49
7
GreatSchools Rating

Paloma Valley High School

  • Education Level: High
  • # of students: 2,844
  • # of teachers: 101
6
GreatSchools Rating
 

$481,500$588,500$535,000

PURCHASE PRICE

$2,052$2,508$2,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,280
EXPENSES Loan Payment -$1,974
Property Tax -$542
Property Insurance -$87
HOA -$128
Property Management Fees -$135
CASH FLOW
-$585

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.

$535,000

PROJECTED PRICE

$2,280

PROJECTED RENT

0.43%

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

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$147,525

INVESTMENT

$147,525

Down Payment
$133,750
Rehab Estimate
$5,750
Closing Costs
$8,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,974

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $133,750
Loan Amount $401,250
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,664

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,280

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $2,422

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$2,280
1$2,2802$2,3003$2,4004$2,4005$2,550
$2,550
RENT COMPS ANALYSIS
  • 30923 Windflower Lane Murrieta, CA 1
    • 4 beds 2 baths ∙ 2,490 Sqft ∙ Built 2014 4 beds 2 baths ∙ 2,490 Sqft ∙ Built 2014
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,280
    • $0.92
    •  
  • 35125 Waimea Way Winchester, CA 2
    • 4 beds 3 baths ∙ 2,320 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,320 Sqft ∙ Built 2012
    property image
    LEASED 04/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.99
    •  
  • 35241 Kohala Drive Winchester, CA 3
    • 4 beds 3 baths ∙ 2,500 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,500 Sqft ∙ Built 2006
    property image
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.96
    •  
  • 35279 Waimea Way Winchester, CA 4
    • 4 beds 3 baths ∙ 2,500 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,500 Sqft ∙ Built 2006
    property image
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.96
    •  
  • 30169 Alfalfa Lane Murrieta, CA 5
    • 3 beds 3 baths ∙ 2,607 Sqft ∙ Built 2014 3 beds 3 baths ∙ 2,607 Sqft ∙ Built 2014
    property image
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.98
    •  
PROPERTY LISTING DETAILS
Morgan Mennell
Allison James Estates & Homes
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW20233343
Last Updated: 11/05/2020
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