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30939 Moonflower Lane Murrieta, CA 92563

3 Beds 2 Baths 1,794 sqft Built 2011

$469,900

List Price

$2,020

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $261.93
  • 4 Days on Market
  • MLS # : OC20238352
  • Updated Date : 11/13/2020 at 14:31
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,794 sqft
  • Baths : 2 full
Listing Agent

Regency Real Estate Brokers

Listing Agent's Description

THIS US A COMPLETELY DARLING single level home! Just what EVERYONE WANTS! Totally beautiful with amazing wood style tile flooring, light neutral paint, GORGEOUS kitchen & family GREAT ROOM, light granite & beautiful cabinets - tons of them, miles of counters, upgraded throughout w/stainless appliances & a pantry. You will actually feel like you have space for EVERYTHING!!! 3 BR's BUT THERE IS A 4th ROOM that has glass double doors & is a PERFECT OFFICE OR PLAY ROOM, BUT COULD BE A 4TH BR IF YOU ADDED SOLID DOORS & A CLOSET OR CABINET! This has to be one of the best floor plans EVER! The master is on the back of the home by itself, fab Bath and linen closet, the play room is next to the amazing great room! Additional BR's are in their own separate wing w/a bath. Just the perfect private set up! You have a GIGANTIC laundry room leading to the spacious 2 car garage w/direct access. It is open, airy, light, spacious & feels GREAT! The lot is another victory! Really BIG w/tons of room & even a spacious & private front yard. You don't feel that "TIGHT California Crunch" in this home! There is currently an above ground jacuzzi, a wood fire pit, an 'alumawood' covered patio, even a darling play house that the sellers are willing to leave. The community of Spencers Crossing has multiple sports parks, pools, walking trails & again close to the Temecula wine country, freeways and shopping. This home is a total JEWEL and it will not last long! You will LOVE IT!!!!

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
 

$422,910$516,890$469,900

PURCHASE PRICE

$1,818$2,222$2,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,020
EXPENSES Loan Payment -$1,734
Property Tax -$485
Property Insurance -$71
HOA -$128
Property Management Fees -$119
CASH FLOW
-$516

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.

$469,900

PROJECTED PRICE

$2,020

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

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$130,274

INVESTMENT

$130,274

Down Payment
$117,475
Rehab Estimate
$5,750
Closing Costs
$7,049

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,734

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $117,475
Loan Amount $352,425
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,367

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,020

    LIST RENT
  • $1.13

    LIST RENT PER SQFT
  • $2,220

    COMP ESTIMATED VALUE
  • $1.24

    COMP AVG. RENT PER SQFT
Comps Range
$2,020
1$2,0202$2,1003$2,2954$2,3005$2,400
$2,400
RENT COMPS ANALYSIS
  • 30939 Moonflower Lane Murrieta, CA 1
    • 3 beds 2 baths ∙ 1,794 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,794 Sqft ∙ Built 2011
    • Rent
    • Rent Per SQFT
    •  
    • $2,020
    • $1.13
    •  
  • 35847 Gerard Duo Winchester, CA 2
    • 3 beds 2 baths ∙ 1,703 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,703 Sqft ∙ Built 1998
    LEASED 01/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.23
    •  
  • 35911 Lourdes Drive Winchester, CA 3
    • 4 beds 2 baths ∙ 1,936 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,936 Sqft ∙ Built 2000
    LEASED 06/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.19
    •  
  • 31528 Alicante Winchester, CA 4
    • 3 beds 3 baths ∙ 1,775 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,775 Sqft ∙ Built 2017
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.30
    •  
  • 31301 Windstone Drive Winchester, CA 5
    • 4 beds 2 baths ∙ 1,945 Sqft ∙ Built 2014 4 beds 2 baths ∙ 1,945 Sqft ∙ Built 2014
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.23
    •  
PROPERTY LISTING DETAILS
David Pingree
Regency Real Estate Brokers
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20238352
Last Updated: 11/13/2020
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