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37466 Paseo Violeta Murrieta, CA 92563

3 Beds 3 Baths 1,548 sqft Built 2012

$405,000

List Price

$1,950

$1.8K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $261.63
  • 4 Days on Market
  • MLS # : SW21036966
  • Updated Date : 03/04/2021 at 17:43
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,548 sqft
  • Baths : 2 full , 1 half
Listing Agent

Signature Real Estate Group

Listing Agent's Description

Welcome to the desirable and Beautiful free standing (no shared walls) Two story end unit condo located in "The Paseos" Murrieta. The home is just under 1600 SF with 3 bedrooms (all upstairs) and two bathrooms with a powder bath downstairs. The home has been well taken care of by the owners. Kitchen has granite countertops with backsplash, stainless steel appliances, and tons of cabinets for all your storage needs. Off of the kitchen is the laundry room and direct access to your two car garage. Downstairs flooring, upstairs hallway, and bathrooms are engineered hardwood throughout. Spacious dining room and living room that opens up to a private patio area just outside. Patio has brick floor and has been tastefully landscaped with low maintenance plants. Upstairs is a large Master bedroom suite with ceiling fan, large windows for natural light, walk in closet and master bathroom with granite counter tops, dual vanities, and separate tub and shower. Walk out your garage nd there is the kids tot lot and the community swimming pool and community! The Paseos is a Quiet Neighborhood with great amenities...walking distance to Crown Valley Park. Also the neighborhood is close to freeway access, shopping, schools and Parks! Don't miss your Chance to own this Home--This on won't last!!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$364,500$445,500$405,000

PURCHASE PRICE

$1,755$2,145$1,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,950
EXPENSES Loan Payment -$1,407
Property Tax -$418
Property Insurance -$65
HOA -$125
Property Management Fees -$115
CASH FLOW
-$179

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.

$405,000

PROJECTED PRICE

$1,950

PROJECTED RENT

0.48%

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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$113,075

INVESTMENT

$113,075

Down Payment
$101,250
Rehab Estimate
$5,750
Closing Costs
$6,075

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,407

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $101,250
Loan Amount $303,750
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$10,311

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,950

    LIST RENT
  • $1.26

    LIST RENT PER SQFT
  • $1,947

    COMP ESTIMATED VALUE
  • $1.26

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8503$1,9504$1,9505$2,150
$2,150
RENT COMPS ANALYSIS
  • 37466 Paseo Violeta Murrieta, CA 4
    • 3 beds 3 baths ∙ 1,548 Sqft ∙ Built 2012 3 beds 3 baths ∙ 1,548 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.26
    •  
  • 36812 Red Oak Street Winchester, CA 1
    • 3 beds 2 baths ∙ 1,443 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,443 Sqft ∙ Built 2002
    LEASED 12/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.25
    •  
  • 36562 Sauterne Street Winchester, CA 2
    • 3 beds 2 baths ∙ 1,509 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,509 Sqft ∙ Built 2003
    LEASED 12/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.23
    •  
  • 36761 Pomerol Loop Winchester, CA 3
    • 3 beds 2 baths ∙ 1,512 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,512 Sqft ∙ Built 2003
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.29
    •  
  • 36756 Pomerol Winchester, CA 5
    • 3 beds 2 baths ∙ 1,702 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,702 Sqft ∙ Built 2003
    LEASED 04/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.26
    •  
PROPERTY LISTING DETAILS
Kimberly Steel
Signature Real Estate Group
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW21036966
Last Updated: 03/04/2021
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