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36604 Hilltop Lane Murrieta, CA 92563

4 Beds 3 Baths 2,239 sqft Built 2005

INVESTimate

$469,000

List Price

$2,260

$2,034 - $2,486

Rent Est.

$498,641  ( +6.32%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2005
  • Price/Sqft : $209.47
  • 11 Days on Market
  • MLS # : CV20166957
  • Updated Date : 08/21/2020 at 19:59
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,239 sqft
  • Baths : 3 full
Listing Agent

John Palmer Broker

Listing Agent's Description

New upgrades to the kitchen, flooring, lighting, paint, landscaping, and much more. Many more great photos to follow on 08/24/2020.

SEE MORE

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: Los Alamos Hills

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $149k584k

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

Neighborhood: Los Alamos Hills

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
Rail Ranch Elementary School Primary Regular 599 23 8
Rail Ranch Elementary School Middle Regular 599 23 8
Vista Murrieta High School High Regular 3,456 132 8

Rail Ranch Elementary School

  • Education Level: Primary
  • # of students: 599
  • # of teachers: 23
8
GreatSchools Rating

Rail Ranch Elementary School

  • Education Level: Middle
  • # of students: 599
  • # of teachers: 23
8
GreatSchools Rating

Vista Murrieta High School

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

$422,100$515,900$469,000

PURCHASE PRICE

$2,034$2,486$2,260

RENT

DOWN PAYMENT
FINANCING

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,260
EXPENSES Loan Payment -$1,730
Property Tax -$484
Property Insurance -$81
Property Management Fees -$133
CASH FLOW
-$169

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.

$469,000

PROJECTED PRICE

$2,260

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 6.32%
Maintenance Year (1-5) 8.00%
Vacancy 5.35%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$130,035

INVESTMENT

$130,035

Down Payment
$117,250
Rehab Estimate
$5,750
Closing Costs
$7,035

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,730

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $117,250
Loan Amount $351,750
See What Happens When You Reinvest Cash Flow

3.92

YEARS SAVED

$20,412

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,260

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $2,250

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2003$2,2604$2,3005$2,375
$2,375
RENT COMPS ANALYSIS
  • 36604 Hilltop Lane Murrieta, 3
    • 4 beds 3 baths ∙ 2,239 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,239 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,260
    • $1.01
    •  
  • 28367 Ware Street Murrieta, 1
    • 4 beds 3 baths ∙ 2,343 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,343 Sqft ∙ Built 2004
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.94
    •  
  • 27985 Busman Road Murrieta, 2
    • 4 beds 3 baths ∙ 2,125 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,125 Sqft ∙ Built 2002
    LEASED 10/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.04
    •  
  • 36250 Chittam Wood Place Murrieta, 4
    • 4 beds 3 baths ∙ 2,224 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,224 Sqft ∙ Built 2004
    LEASED 04/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.03
    •  
  • 28399 Ware Street Murrieta, 5
    • 4 beds 3 baths ∙ 2,343 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,343 Sqft ∙ Built 2005
    LEASED 08/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,375
    • $1.01
    •  
PROPERTY LISTING DETAILS
John Palmer
John Palmer Broker
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20166957
Last Updated: 08/21/2020
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