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PROPERTY INFO
FACTS
- Single Family
- Built In 2011
- Price/Sqft : $233.55
- 3 Days on Market
- MLS # : SW20246491
- Updated Date : 11/27/2020 at 17:31
CONSTRUCTION
- Beds : 4
- Floor Size : 1,991 sqft
- Baths : 2 full
Listing Agent
Allison James Estates & Homes
Listing Agent's Description
LOOKING FOR "HOME SWEET HOME"? WELL, HERE IT IS!!! This beautiful, charming single story home has everything you want and much, much more! This gorgeous 1991 SQ FT home boasts 4 bedrooms and 2 full bathrooms, an open concept kitchen/living room combination, an ENTERTAINER'S DREAM! Flooring/baseboards are brand new throughout, include high-end wood-look vinyl floors through the main living space and bathrooms. New carpet in all the bedrooms. This excellent kitchen offers a large island with bar seating, plenty of cabinets in a dark wood shaker design. Brand new stone look back splash and upgraded Kitchen Aid stainless steel appliances. Sliding doors open up to large brick paver patio, grass yard, fire pit and planter boxes. Gorgeous bathrooms are done top to bottom with new vanities, mirrors, high-end design includes Carrera marble countertops and shiplap accent wall. The Master suite is thoughtfully appointed away from the other bedrooms, with a beautiful wood accent wall an en suite bathroom with soaking tub, vanity, separate shower and water closet. There are too many upgrades to list. This stunning home will not last long, Don't miss out!
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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: Crown Valley Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Crown Valley Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,300 |
| EXPENSES | Loan Payment | -$1,716 |
| Property Tax | -$480 | |
| Property Insurance | -$75 | |
| Property Management Fees | -$136 | |
|
CASH FLOW
-$106
|
||
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.
$465,000
PROJECTED PRICE
$2,300
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.95% |
| Appreciation Year (1-5) | 7.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.35% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$128,975
LOAN DETAILS
$1,716
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $116,250 |
| Loan Amount | $348,750 |
4.58
YEARS SAVED
$25,728
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,300
LIST RENT -
$1.16
LIST RENT PER SQFT
-
$2,300
COMP ESTIMATED VALUE -
$1.15
COMP AVG. RENT PER SQFT
Comps Range
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37433 Paseo Violeta Murrieta, CA 1
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- $1,995
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LEASED 06/04/19- Rent
- Rent Per SQFT
- $2,250
- $1.14
-
37545 Coffeeberry Court Murrieta, CA 4
- 3 beds 2 baths ∙ 1,940 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,940 Sqft ∙ Built 2013
LEASED 09/09/20- Rent
- Rent Per SQFT
- $2,400
- $1.24
-
31701 Alder Court Winchester, CA 5
- 4 beds 3 baths ∙ 2,138 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,138 Sqft ∙ Built 2003
LEASED 12/02/19- Rent
- Rent Per SQFT
- $2,450
- $1.15
PROPERTY LISTING DETAILS
Allison James Estates & Homes
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: SW20246491
Last Updated: 11/27/2020
