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34609 Mistletoe Lane Murrieta, CA 92563

3 Beds 2 Baths 2,343 sqft Built 2015

$550,000

List Price

$2,280

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $234.74
  • 4 Days on Market
  • MLS # : SW21033570
  • Updated Date : 02/18/2021 at 08:38
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,343 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Assoc.brkr-mur

Listing Agent's Description

Beautiful east Murrieta home!! From the time you pull up you’ll know right away just how nice this home is. The well thought design of this home is evident. One side of the home features the master bedroom, large windows allow for all the natural light you could ask for. The large master bath features a separate tub and shower, vanity, tile floor and walk in closet. The other 2 bedrooms and office that could be made into a 4th bedroom and bathroom are in a separate wing on the other side of the home for privacy. The large kitchen with island, granite counters, stainless steel appliances, numerous cabinets and counter space opens to the family room, perfect for entertaining and parties. Your new back yard boasts a patio with cover and low maintenance landscaping. Located across the street you will find the baseball field and parks.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 92563

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $149k584k

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

Zip Code: 92563

ZipNIR 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
Harvest Hill Steam Academy Primary Unknown NA
Bell Mountain Middle School Middle Regular 1,173 49 7
Paloma Valley High School High Regular 2,844 101 6

Harvest Hill Steam Academy

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
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
 

$495,000$605,000$550,000

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 -$1,910
Property Tax -$557
Property Insurance -$84
HOA -$35
Property Management Fees -$135
CASH FLOW
-$441

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.

$550,000

PROJECTED PRICE

$2,280

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 7.2%
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$151,500

INVESTMENT

$151,500

Down Payment
$137,500
Rehab Estimate
$5,750
Closing Costs
$8,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,910

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $137,500
Loan Amount $412,500
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$5,197

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
  • $0.97

    LIST RENT PER SQFT
  • $2,372

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$2,150
1$2,1502$2,2803$2,3004$2,4005$2,550
$2,550
RENT COMPS ANALYSIS
  • 34609 Mistletoe Lane Murrieta, CA 2
    • 3 beds 2 baths ∙ 2,343 Sqft ∙ Built 2015 3 beds 2 baths ∙ 2,343 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $2,280
    • $0.97
    •  
  • 31067 Pinon Pine Circle Winchester, CA 1
    • 3 beds 3 baths ∙ 2,217 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,217 Sqft ∙ Built 2015
    LEASED 12/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.97
    •  
  • 34895 Armstrong Road Winchester, CA 3
    • 3 beds 3 baths ∙ 2,217 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,217 Sqft ∙ Built 2013
    LEASED 04/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.04
    •  
  • 30615 Fox Sedge Way Murrieta, CA 4
    • 4 beds 3 baths ∙ 2,269 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,269 Sqft ∙ Built 2007
    LEASED 10/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.06
    •  
  • 30169 Alfalfa Lane Murrieta, CA 5
    • 3 beds 3 baths ∙ 2,607 Sqft ∙ Built 2014 3 beds 3 baths ∙ 2,607 Sqft ∙ Built 2014
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.98
    •  
PROPERTY LISTING DETAILS
Charles Ryan
Coldwell Banker Assoc.brkr-mur
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW21033570
Last Updated: 02/18/2021
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