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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $240.90
- 3 Days on Market
- MLS # : SW21019416
- Updated Date : 01/30/2021 at 16:05
CONSTRUCTION
- Beds : 3
- Floor Size : 1,660 sqft
- Baths : 2 full , 1 half
Listing Agent
Signature Real Estate Group
Listing Agent's Description
Lovely 3 bedroom 2.5 bath home located in the Bel Flora community. Downstairs has an open floor plan including living room with gas fireplace, kitchen with stainless steel appliances, large island with granite counter tops, and a guest bathroom. Two-car garage is directly accessible from the kitchen. A sliding door in the kitchen leads outside to the quaint patio/backyard entertaining area. Upstairs is the master bedroom with en-suite bathroom which includes a separate bathtub and shower, dual sinks and a walk-in closet. Down the hall are two additional bedrooms with small walk-in closets, another bathroom with dual sinks and shower/tub combo as well as a laundry room. Bel Flora is a gated community which includes a community pool with spa, as well as a community park area. Hurry! This won't last long.
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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: Greer Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Greer Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,100 |
| EXPENSES | Loan Payment | -$1,389 |
| Property Tax | -$417 | |
| Property Insurance | -$67 | |
| HOA | -$180 | |
| Property Management Fees | -$124 | |
|
CASH FLOW
-$78
|
||
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.
$399,900
PROJECTED PRICE
$2,100
PROJECTED RENT
0.53%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.95% |
| Appreciation Year (1-5) | 6.9% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.35% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$111,724
LOAN DETAILS
$1,389
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $99,975 |
| Loan Amount | $299,925 |
4.25
YEARS SAVED
$16,537
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,100
LIST RENT -
$1.27
LIST RENT PER SQFT
-
$2,100
COMP ESTIMATED VALUE -
$1.27
COMP AVG. RENT PER SQFT
Comps Range
-
35736 Plume Murrieta, CA 4
- 3 beds 3 baths ∙ 1,660 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,660 Sqft ∙ Built 2005
- Rent
- Rent Per SQFT
- $2,100
- $1.27
-
28314 Socorro Street Murrieta, CA 1
- 3 beds 3 baths ∙ 1,508 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,508 Sqft ∙ Built 2005
LEASED 08/11/20- Rent
- Rent Per SQFT
- $1,995
- $1.32
-
28324 Triese Street Murrieta, CA 2
- 3 beds 3 baths ∙ 1,626 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,626 Sqft ∙ Built 2005
LEASED 04/22/20- Rent
- Rent Per SQFT
- $2,000
- $1.23
-
27573 Rosebud Street Murrieta, CA 3
- 3 beds 3 baths ∙ 1,660 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,660 Sqft ∙ Built 2005
LEASED 09/27/19- Rent
- Rent Per SQFT
- $2,100
- $1.27
-
36692 Ponderosa Court Murrieta, CA 5
- 3 beds 2 baths ∙ 1,811 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,811 Sqft ∙ Built 2005
LEASED 01/29/21- Rent
- Rent Per SQFT
- $2,250
- $1.24
PROPERTY LISTING DETAILS
Signature Real Estate Group
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: SW21019416
Last Updated: 01/30/2021
