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31788 Fallbrook Circle Murrieta, CA 92563

5 Beds 2 Baths 2,189 sqft Built 2012

$499,000

List Price

$2,310

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $227.96
  • 4 Days on Market
  • MLS # : SW20252926
  • Updated Date : 12/12/2020 at 09:17
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,189 sqft
  • Baths : 2 full
Listing Agent

Pinnacle Properties

Listing Agent's Description

This 2189 sq.ft. home has it all. It is a single story with Five Bedrooms & 2 3/4 baths. The 7841 sq. ft lot can easily accommodate a pool, spa & BBQ. There is plenty of room for your child's playground. Entering this home there is a large dining room, kitchen and great room with an open concept. There is carpeting throughout with window coverings. Here are just some of the upgrades, built-in book shelves as well as built-in cabinets in the garage, front & back yard sprinklers, tankless water heater, raised ceilings with tall doors, ceiling fans in all rooms, cable ready in every room, under cabinet kitchen lighting, rain gutters, laundry room sink with shelving & stainless steel appliances. The dining area will seat eight comfortably. The front bedroom has 3/4 Bath for privacy. There is still more, with a 10 panel Solar System paid in full. Entering the back yard through the sliders there is a beautiful patio cover & concrete slab. The extended sidewalk leads to the side gate. This back yard can be your Tropical Paradise with an innovative touch. This neighborhood is one of the most friendly in Murrieta. No HOA, but close to all services & schools. The two car garage has built in cabinets for all of your projects.

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: Crown Valley Village

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650kPrice in $149k669k

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

Neighborhood: Crown Valley Village

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
French Valley Elementary School Primary Regular 893 34 8
Bella Vista Middle School Middle Regular 1,148 44 8
Chaparral High School High Regular 3,237 120 9

French Valley Elementary School

  • Education Level: Primary
  • # of students: 893
  • # of teachers: 34
8
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
 

$449,100$548,900$499,000

PURCHASE PRICE

$2,079$2,541$2,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,310
EXPENSES Loan Payment -$1,841
Property Tax -$515
Property Insurance -$80
Property Management Fees -$136
CASH FLOW
-$262

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.

$499,000

PROJECTED PRICE

$2,310

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 7.3%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$137,985

INVESTMENT

$137,985

Down Payment
$124,750
Rehab Estimate
$5,750
Closing Costs
$7,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,841

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $124,750
Loan Amount $374,250
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$15,426

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,310

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $2,320

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$2,310
1$2,3102$2,4003$2,4504$2,5005$2,500
$2,500
RENT COMPS ANALYSIS
  • 31788 Fallbrook Circle Murrieta, CA 1
    • 5 beds 2 baths ∙ 2,189 Sqft ∙ Built 2012 5 beds 2 baths ∙ 2,189 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $2,310
    • $1.06
    •  
  • 37739 River Oats Lane Murrieta, CA 2
    • 4 beds 3 baths ∙ 2,409 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,409 Sqft ∙ Built 2016
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.00
    •  
  • 31701 Alder Court Winchester, CA 3
    • 4 beds 3 baths ∙ 2,138 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,138 Sqft ∙ Built 2003
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.15
    •  
  • 31696 Alder Court Winchester, CA 4
    • 4 beds 4 baths ∙ 2,379 Sqft ∙ Built 2002 4 beds 4 baths ∙ 2,379 Sqft ∙ Built 2002
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.05
    •  
  • 37521 Fiesta Flower Street Murrieta, CA 5
    • 4 beds 3 baths ∙ 2,409 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,409 Sqft ∙ Built 2014
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.04
    •  
PROPERTY LISTING DETAILS
Thamestoklis Zikakis
Pinnacle Properties
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW20252926
Last Updated: 12/12/2020
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