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

37128 Edgemont Drive Murrieta, CA 92563

4 Beds 3 Baths 2,556 sqft Built 2005

$530,000

List Price

$2,510

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 2005
  • Price/Sqft : $207.36
  • 11 Days on Market
  • MLS # : SW20225195
  • Updated Date : 10/31/2020 at 09:06
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,556 sqft
  • Baths : 2 full , 1 half
Listing Agent

Allison James Estates & Homes

Listing Agent's Description

Come See Today 11:30am & 12 noon with Coronavirus Guidelines. Immaculately kept Murrieta Home. 4 bedroom single story home with all the right touches. This perfect home features 2556 SqFt with high ceilings in the kitchen and family room. Master suite on the ground level. Tile flooring in the entry, kitchen and hall ways. Granite counter tops in the kitchen. Fireplace in the family room. 3 car wide garage. Custom hard scaping with in ground spa. Open views with semi private backyard. Crown Valley park close by with lighted tennis courts, baseball diamond, play ground, soccer fields and so much more. Close to shopping, parks, schools and NO HOA! Come see this home today before it's gone!

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: Crown Valley Village

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650kPrice in $149k669k

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

Neighborhood: Crown Valley Village

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
French Valley Elementary School Primary Regular 893 34 8
Bella Vista Middle School Middle Regular 1,148 44 8
Chaparral High School High Regular 3,237 120 9

French Valley Elementary School

  • Education Level: Primary
  • # of students: 893
  • # of teachers: 34
8
GreatSchools Rating

Bella Vista Middle School

  • Education Level: Middle
  • # of students: 1,148
  • # of teachers: 44
8
GreatSchools Rating

Chaparral High School

  • Education Level: High
  • # of students: 3,237
  • # of teachers: 120
9
GreatSchools Rating
 

$477,000$583,000$530,000

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 -$1,955
Property Tax -$547
Property Insurance -$89
Property Management Fees -$148
CASH FLOW
-$229

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.

$530,000

PROJECTED PRICE

$2,510

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

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$146,200

INVESTMENT

$146,200

Down Payment
$132,500
Rehab Estimate
$5,750
Closing Costs
$7,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,955

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $132,500
Loan Amount $397,500
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$19,968

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
  • $0.98

    LIST RENT PER SQFT
  • $2,569

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,5003$2,5004$2,5005$2,510
$2,510
RENT COMPS ANALYSIS
  • 37128 Edgemont Drive Murrieta, CA 5
    • 4 beds 3 baths ∙ 2,556 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,556 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,510
    • $0.98
    •  
  • 37739 River Oats Lane Murrieta, CA 1
    • 4 beds 3 baths ∙ 2,409 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,409 Sqft ∙ Built 2016
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.00
    •  
  • 31696 Alder Court Winchester, CA 2
    • 4 beds 4 baths ∙ 2,379 Sqft ∙ Built 2002 4 beds 4 baths ∙ 2,379 Sqft ∙ Built 2002
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.05
    •  
  • 31689 Rose Hill Circle Murrieta, CA 3
    • 4 beds 4 baths ∙ 2,699 Sqft ∙ Built 2005 4 beds 4 baths ∙ 2,699 Sqft ∙ Built 2005
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.93
    •  
  • 37521 Fiesta Flower Street Murrieta, CA 4
    • 4 beds 3 baths ∙ 2,409 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,409 Sqft ∙ Built 2014
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.04
    •  
PROPERTY LISTING DETAILS
Jennifer Conklin
Allison James Estates & Homes
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW20225195
Last Updated: 10/31/2020
BESbswy