Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

32143 White Spruce Court Wildomar, CA 92595

3 Beds 2 Baths 1,317 sqft Built 1998

$379,999

List Price

$1,850

$1.7K - $2K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $288.53
  • 15 Days on Market
  • MLS # : SW21010780
  • Updated Date : 01/30/2021 at 21:27
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,317 sqft
  • Baths : 2 full
Listing Agent

Capital Property Brokers

Listing Agent's Description

Located in South Wildomar, this single story home sits right on the border of Wildomar and Murrieta. It is conveniently around the corner from shops and the 15 freeway. The home is surrounded by charter schools, Elsinore Unified and Murrieta Valley Unified Schools. Enjoying the Santa Rosa Plateau couldn't be easier as it is a 5 minute drive away. Enjoy your morning coffee while in your gated front patio. When you enter, you are greeted by high vaulted ceilings in a great room where you can enjoy family time. The open concept makes this home feel so much larger than 1,317 sf. Your kitchen has stainless steel appliances, a stainless farmhouse sink, and butcher block counter tops. The living space and kitchen are concentrated to the left of the home while bedrooms are located down the hall to the right providing peace and quiet. Most of the home has wood tile with carpet remaining in the two bedrooms. In the master bath you'll find an updated dual vanity and lighting. Finally, your private backyard is tastefully upgraded with pavers, gravel, and brand new mulch on the embankment. The home has drought tolerant and low maintenance landscaping throughout. RV and or Boat parking on the oversized driveway is a breeze. Plus the extremely low taxes and low $60 HOA are hard to find in this area! Schedule a tour fast!

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: Wildomar

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $143k529k

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

Neighborhood: Wildomar

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q21100120013001400150016001700180019002000210022002300Rent in $10782398

* 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
Donald Graham Elementary School Primary Regular 515 23 4
David A. Brown Middle School Middle Regular 1,010 41 4
Elsinore High School High Regular 2,125 90 5

Donald Graham Elementary School

  • Education Level: Primary
  • # of students: 515
  • # of teachers: 23
4
GreatSchools Rating

David A. Brown Middle School

  • Education Level: Middle
  • # of students: 1,010
  • # of teachers: 41
4
GreatSchools Rating

Elsinore High School

  • Education Level: High
  • # of students: 2,125
  • # of teachers: 90
5
GreatSchools Rating
 

$341,999$417,999$379,999

PURCHASE PRICE

$1,665$2,035$1,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,850
EXPENSES Loan Payment -$1,320
Property Tax -$337
Property Insurance -$59
HOA -$60
Property Management Fees -$109
CASH FLOW
-$35

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.

$379,999

PROJECTED PRICE

$1,850

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 7.5%
Maintenance Year (1-5) 8.00%
Vacancy 5.43%
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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$106,450

INVESTMENT

$106,450

Down Payment
$95,000
Rehab Estimate
$5,750
Closing Costs
$5,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,320

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $95,000
Loan Amount $284,999
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$20,601

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,850

    LIST RENT
  • $1.4

    LIST RENT PER SQFT
  • $1,854

    COMP ESTIMATED VALUE
  • $1.41

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8503$2,0504$2,1105$2,200
$2,200
RENT COMPS ANALYSIS
  • 32143 White Spruce Court Wildomar, CA 2
    • 3 beds 2 baths ∙ 1,317 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,317 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.40
    •  
  • 23722 Sierra Oak Drive Murrieta, CA 1
    • 3 beds 2 baths ∙ 1,277 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,277 Sqft ∙ Built 1989
    LEASED 11/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.41
    •  
  • 23801 Sierra Oak Drive Murrieta, CA 3
    • 3 beds 3 baths ∙ 1,445 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,445 Sqft ∙ Built 1991
    LEASED 10/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.42
    •  
  • 23692 Cork Oak Circle Murrieta, CA 4
    • 3 beds 3 baths ∙ 1,445 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,445 Sqft ∙ Built 1989
    LEASED 02/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,110
    • $1.46
    •  
  • 23752 Sierra Oak Drive Murrieta, CA 5
    • 3 beds 3 baths ∙ 1,646 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,646 Sqft ∙ Built 1989
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.34
    •  
PROPERTY LISTING DETAILS
Daoud Hussain
Capital Property Brokers
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW21010780
Last Updated: 01/30/2021
BESbswy