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33565 Marigold Lane Murrieta, CA 92563

5 Beds 3 Baths 2,585 sqft Built 2002

$585,000

List Price

$2,340

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

December 16, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $226.31
  • 5 Days on Market
  • MLS # : SW20258353
  • Updated Date : 12/16/2020 at 08:35
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,585 sqft
  • Baths : 3 full
Listing Agent

Bojarski Realty

Listing Agent's Description

5-BR 3-Bath. First time on the market since being built! The Homeowner Pride shows up in every detail of this lovely farmstyle home. The huge oversized driveway leads you to this picture perfect 2 story home located in the highly desired Mapleton Community. Quality and craftmanship are noted throughout. From the wood like ceramic tile flooring, shiplap custom walls, custom added ceiling beams, to the handcrafted custom stair railings and custom lighting fixtures, you'll not be disappointed! A downstairs guest room and full bathroom sets up this home for the entertainer's or executive lifestyle. You'll be delighted by the abundance of storage this home boasts, including secret room / storage hidden in the family room and under the stairs. Upstairs includes 4 bedrooms, with additional square footage added to the footprint of the home as seen in the oversized secondary bedroom. If you are looking for energy efficiency, this is the home for you! Solar panels, whole house fan, gabel fan in the attic allow you to enjoy all the features of the home without the high energy bills! Crown molding, stainless appliances, dramatic floor to ceiling shiplap walls, open floor concept, butler's pantry, there's just too much to list!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Murrieta Highlands

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $149k584k

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

Neighborhood: Murrieta Highlands

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
Oak Meadows Elementary School Primary Regular 1,014 40 8
Bell Mountain Middle School Middle Regular 1,173 49 7
Paloma Valley High School High Regular 2,844 101 6

Oak Meadows Elementary School

  • Education Level: Primary
  • # of students: 1,014
  • # of teachers: 40
8
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
 

$526,500$643,500$585,000

PURCHASE PRICE

$2,106$2,574$2,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,340
EXPENSES Loan Payment -$2,158
Property Tax -$603
Property Insurance -$90
Property Management Fees -$138
CASH FLOW
-$650

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.

$585,000

PROJECTED PRICE

$2,340

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 6.8%
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$1.8M

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$160,775

INVESTMENT

$160,775

Down Payment
$146,250
Rehab Estimate
$5,750
Closing Costs
$8,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,158

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $146,250
Loan Amount $438,750
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,941

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,340

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $2,301

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,3003$2,3404$2,4955$2,550
$2,550
RENT COMPS ANALYSIS
  • 33565 Marigold Lane Murrieta, CA 3
    • 5 beds 3 baths ∙ 2,585 Sqft ∙ Built 2002 5 beds 3 baths ∙ 2,585 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $2,340
    • $0.91
    •  
  • 33653 Azalea Lane Murrieta, CA 1
    • 5 beds 3 baths ∙ 2,459 Sqft ∙ Built 2003 5 beds 3 baths ∙ 2,459 Sqft ∙ Built 2003
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.89
    •  
  • 33553 Iris Lane Murrieta, CA 2
    • 4 beds 3 baths ∙ 2,585 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,585 Sqft ∙ Built 2002
    LEASED 08/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.89
    •  
  • 28739 Lavatera Avenue Murrieta, CA 4
    • 4 beds 3 baths ∙ 2,742 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,742 Sqft ∙ Built 2004
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.91
    •  
  • 29216 Azara Street Murrieta, CA 5
    • 5 beds 3 baths ∙ 2,916 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,916 Sqft ∙ Built 2004
    LEASED 01/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.87
    •  
PROPERTY LISTING DETAILS
Kelly Bojarski
Bojarski Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW20258353
Last Updated: 12/16/2020
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