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33812 Salvia Lane Murrieta, CA 92563

3 Beds 2 Baths 2,766 sqft Built 2003

$549,900

List Price

$2,250

$2K - $2.5K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 2003
  • Price/Sqft : $198.81
  • 12 Days on Market
  • MLS # : SW20220356
  • Updated Date : 10/30/2020 at 09:45
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,766 sqft
  • Baths : 2 full
Listing Agent

Gold Shield Realty Group

Listing Agent's Description

Welcome to beautiful Mapleton,this is one of the most desirable floor plans within the development basically a one story concept.Impeccable conditions just recently remodeled with the perfect artist touch!The Master bedroom is located downstairs as well as a secondary bedroom, a gym room and a spacious office, both rooms could be easily transformed into 2 additional bedrooms.The completely remodeled kitchen has a large quartz-site center island equipped with stainless sink & dishwasher. The kitchen has an awesome flow right into the vaulted ceiling family room completed with built-ins,plantation shutters and an elegant large ceiling fan.Stunning neutral stone slate flooring throughout the main level, this awesome open floor plan has vaulted ceilings with arched openings to create space and brightness throughout.The master bedroom boasting new flooring & an additional closet as well as the master bathroom just remodeled with beautiful flooring and quartzite counter tops as well as the shower area adorned with beautiful glass tiles mosaic, new sinks and faucets.The upstairs loft area is open to the bottom floor creating openness and brightness. You'll find a large bedroom & a full bathroom plus a spacious linen closet.The backyard is private with no rear neighbors & a solid block wall as fencing and a huge entertaining patio covered area the 3 car garage are definitely the cherry on top!Walking distance from Oak Meadow Elementary,very close to Loma Linda Hospital & Kaiser

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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: 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
 

$494,910$604,890$549,900

PURCHASE PRICE

$2,025$2,475$2,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,250
EXPENSES Loan Payment -$2,029
Property Tax -$567
Property Insurance -$94
Property Management Fees -$133
CASH FLOW
-$573

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.

$549,900

PROJECTED PRICE

$2,250

PROJECTED RENT

0.41%

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

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$151,474

INVESTMENT

$151,474

Down Payment
$137,475
Rehab Estimate
$5,750
Closing Costs
$8,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,029

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $137,475
Loan Amount $412,425
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$2,766

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,250

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $2,441

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$2,250
1$2,2502$2,3003$2,3504$2,4955$2,650
$2,650
RENT COMPS ANALYSIS
  • 33812 Salvia Lane Murrieta, CA 1
    • 3 beds 2 baths ∙ 2,766 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,766 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.81
    •  
  • 33553 Iris Lane Murrieta, CA 2
    • 4 beds 3 baths ∙ 2,585 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,585 Sqft ∙ Built 2002
    property image
    LEASED 08/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.89
    •  
  • 28914 Lavatera Avenue Murrieta, CA 3
    • 4 beds 3 baths ∙ 2,905 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,905 Sqft ∙ Built 2004
    property image
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.81
    •  
  • 28739 Lavatera Avenue Murrieta, CA 4
    • 4 beds 3 baths ∙ 2,742 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,742 Sqft ∙ Built 2004
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.91
    •  
  • 28507 Cottage Way Murrieta, CA 5
    • 3 beds 3 baths ∙ 2,865 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,865 Sqft ∙ Built 2015
    property image
    LEASED 10/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.92
    •  
PROPERTY LISTING DETAILS
Massimo Spadazzi
Gold Shield Realty Group
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW20220356
Last Updated: 10/30/2020
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