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36644 Wandering Place Murrieta, CA 92563

5 Beds 3 Baths 2,984 sqft Built 2005

$585,000

List Price

$2,500

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

December 10, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $196.05
  • 4 Days on Market
  • MLS # : BB20255176
  • Updated Date : 12/10/2020 at 12:43
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,984 sqft
  • Baths : 3 full
Listing Agent

Town Center Realty Group

MARKET HIGHLIGHTS

  • 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.
  • 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)

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
 

$526,500$643,500$585,000

PURCHASE PRICE

$2,250$2,750$2,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,500
EXPENSES Loan Payment -$2,158
Property Tax -$603
Property Insurance -$99
Property Management Fees -$148
CASH FLOW
-$509

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.

$585,000

PROJECTED PRICE

$2,500

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 6.3%
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$15k

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$160,775

INVESTMENT

$160,775

Down Payment
$146,250
Rehab Estimate
$5,750
Closing Costs
$8,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,158

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $146,250
Loan Amount $438,750
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$6,610

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,500

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $2,551

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$2,450
1$2,4502$2,4503$2,5004$2,5005$2,800
$2,800
RENT COMPS ANALYSIS
  • 36644 Wandering Place Murrieta, CA 4
    • 5 beds 3 baths ∙ 2,984 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,984 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.84
    •  
  • 27594 Mangrove Street Murrieta, CA 1
    • 5 beds 3 baths ∙ 2,984 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,984 Sqft ∙ Built 2005
    property image
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.82
    •  
  • 27840 Post Oak Place Murrieta, CA 2
    • 4 beds 3 baths ∙ 2,721 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,721 Sqft ∙ Built 2004
    property image
    LEASED 07/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.90
    •  
  • 27921 Tree Ridge Street Murrieta, CA 3
    • 5 beds 3 baths ∙ 2,999 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,999 Sqft ∙ Built 2004
    property image
    LEASED 01/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.83
    •  
  • 27737 Hackberry Street Murrieta, CA 5
    • 4 beds 3 baths ∙ 3,212 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,212 Sqft ∙ Built 2004
    property image
    LEASED 11/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.87
    •  
PROPERTY LISTING DETAILS
Susan Featherly
Town Center Realty Group
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: BB20255176
Last Updated: 12/10/2020
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