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

35582 Silverweed Road Murrieta, CA 92563

5 Beds 3 Baths 2,650 sqft Built 2013

$525,000

List Price

$2,510

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $198.11
  • 4 Days on Market
  • MLS # : SW20242444
  • Updated Date : 11/20/2020 at 18:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,650 sqft
  • Baths : 3 full
Listing Agent

United One Realty

Listing Agent's Description

Turnkey 5 bedroom 3 bath plus a loft home. Engineered hardwood floors. Plantation shutters in family room. Granite counters and beautiful backsplash in kitchen. Kitchen has pantry. 1 bedroom and full bath downstairs. Open stairrails. Upstairs has large loft and 2 hall linen closets. Granite counters in all bathrooms. Ceiling fans in bedrooms. Laundry room is upstairs and plumbed for a sink. Back yard is huge. Vinyl fencing in yard. Rain gutters on house. Walking distance to community pool and park, just down the street. In the desirable Murrieta Valley Unified School District. Minutes from shopping, freeway access, parks and schools. Solar lease to be assumed. Don't let this one get away.

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: Spencers Crossing

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $149k584k

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

Neighborhood: Spencers Crossing

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
Lisa J. Mails Elementary School Primary Regular 981 36 7
Dorothy Mcelhinney Middle School Middle Regular 1,308 48 8
Vista Murrieta High School High Regular 3,456 132 8

Lisa J. Mails Elementary School

  • Education Level: Primary
  • # of students: 981
  • # of teachers: 36
7
GreatSchools Rating

Dorothy Mcelhinney Middle School

  • Education Level: Middle
  • # of students: 1,308
  • # of teachers: 48
8
GreatSchools Rating

Vista Murrieta High School

  • Education Level: High
  • # of students: 3,456
  • # of teachers: 132
8
GreatSchools Rating
 

$472,500$577,500$525,000

PURCHASE PRICE

$2,259$2,761$2,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,510
EXPENSES Loan Payment -$1,937
Property Tax -$541
Property Insurance -$91
HOA -$128
Property Management Fees -$148
CASH FLOW
-$336

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.

$525,000

PROJECTED PRICE

$2,510

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 6.0%
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

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$144,875

INVESTMENT

$144,875

Down Payment
$131,250
Rehab Estimate
$5,750
Closing Costs
$7,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,937

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $131,250
Loan Amount $393,750
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$11,255

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,510

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $2,465

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,4003$2,4004$2,5005$2,510
$2,510
RENT COMPS ANALYSIS
  • 35582 Silverweed Road Murrieta, CA 5
    • 5 beds 3 baths ∙ 2,650 Sqft ∙ Built 2013 5 beds 3 baths ∙ 2,650 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $2,510
    • $0.95
    •  
  • 35708 Swift Fox Court Murrieta, CA 1
    • 4 beds 3 baths ∙ 2,590 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,590 Sqft ∙ Built 2011
    LEASED 04/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.89
    •  
  • 35241 Kohala Drive Winchester, CA 2
    • 4 beds 3 baths ∙ 2,500 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,500 Sqft ∙ Built 2006
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.96
    •  
  • 35279 Waimea Way Winchester, CA 3
    • 4 beds 3 baths ∙ 2,500 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,500 Sqft ∙ Built 2006
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.96
    •  
  • 35924 Wolverine Lane Murrieta, CA 4
    • 5 beds 3 baths ∙ 2,738 Sqft ∙ Built 2008 5 beds 3 baths ∙ 2,738 Sqft ∙ Built 2008
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.91
    •  
PROPERTY LISTING DETAILS
Sarah Drago
United One Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW20242444
Last Updated: 11/20/2020
BESbswy