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31611 Blossom Hill Court Murrieta, CA 92563

4 Beds 3 Baths 2,017 sqft Built 2015

$499,999

List Price

$2,280

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $247.89
  • 4 Days on Market
  • MLS # : SW20238369
  • Updated Date : 11/14/2020 at 05:12
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,017 sqft
  • Baths : 2 full , 1 half
Listing Agent

Signature Real Estate Group

Listing Agent's Description

Welcome to this gorgeous home w/ upgrades throughout! You will fall in love with this Rancho Bella Vista home with 4 bedrooms, 3 baths, and 2,017 square feet of living space on a quiet cul-de-sac. Fully loaded with upgraded flooring throughout, including engineered hardwoods on the main floor, updated lighting & ceiling fans in all bedrooms, gourmet kitchen with granite countertops, upgraded 5” baseboards, huge lot with a trampoline and play set in the backyard. Home is energy-efficient with leased solar panels, so you’ll never have a high power bill! Open floorplan features a bright & airy living room with tall ceilings, ceiling fan, gas fireplace, and lots of windows with plenty of natural light. Kitchen features granite countertops, center island, USB outlets, large walk-in pantry, and GE stainless-steel appliances. Upstairs is an office space and all of the bedrooms, including the spacious master, which features a walk-in closet, and a 5-piece en-suite. Huge backyard with vinyl fencing, and a large covered patio with ceiling fans and electrical outlets, making it the perfect spot for outdoor entertaining! LOW HOA!! Wonderful neighborhood in a great school district and featuring lots of amenities including parks, clubhouse, community center, basketball court, soccer field, tennis, and playgrounds. $40/month covers all general landscaping in subdivision and maintenance of all parks. WILL GO FAST!! SHOWINGS WILL START SATURDAY NOVEMBER 14TH

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: Rancho Bella Vista

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $149k584k

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

Neighborhood: Rancho Bella Vista

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
 

$449,999$549,999$499,999

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 -$1,845
Property Tax -$618
Property Insurance -$76
HOA -$40
Property Management Fees -$135
CASH FLOW
-$433

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.

$499,999

PROJECTED PRICE

$2,280

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 8.2%
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$138,250

INVESTMENT

$138,250

Down Payment
$125,000
Rehab Estimate
$5,750
Closing Costs
$7,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,845

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $125,000
Loan Amount $374,999
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$4,998

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
  • $1.13

    LIST RENT PER SQFT
  • $2,340

    COMP ESTIMATED VALUE
  • $1.16

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,2503$2,2804$2,4005$2,400
$2,400
RENT COMPS ANALYSIS
  • 31611 Blossom Hill Court Murrieta, CA 3
    • 4 beds 3 baths ∙ 2,017 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,017 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $2,280
    • $1.13
    •  
  • 37433 Paseo Violeta Murrieta, CA 1
    • 4 beds 3 baths ∙ 1,831 Sqft ∙ Built 2012 4 beds 3 baths ∙ 1,831 Sqft ∙ Built 2012
    LEASED 02/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.09
    •  
  • 31088 Waterton Court Murrieta, CA 2
    • 4 beds 3 baths ∙ 2,017 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,017 Sqft ∙ Built 2013
    LEASED 12/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.12
    •  
  • 37545 Coffeeberry Court Murrieta, CA 4
    • 3 beds 2 baths ∙ 1,940 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,940 Sqft ∙ Built 2013
    LEASED 09/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.24
    •  
  • 31088 Rose Arbor Court Murrieta, CA 5
    • 4 beds 3 baths ∙ 2,017 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,017 Sqft ∙ Built 2012
    LEASED 11/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.19
    •  
PROPERTY LISTING DETAILS
Shane Gonzales
Signature Real Estate Group
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW20238369
Last Updated: 11/14/2020
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