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38318 Tranquila Avenue Murrieta, CA 92563

5 Beds 3 Baths 2,750 sqft Built 2004

$540,000

List Price

$2,790

$2.5K - $3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $196.36
  • 7 Days on Market
  • MLS # : SW21036807
  • Updated Date : 02/27/2021 at 19:25
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,750 sqft
  • Baths : 3 full
Listing Agent

Signature Real Estate Group

Listing Agent's Description

Brand New Quartz Kitchen, Island Extension and beautiful French Doors. ! Looking for a beautiful home zoned for Temecula Schools with PAID Solar and a Quiet Cool House Fan!! Welcome to Rancho Bella Vista, a premier-community in Murrieta. This 5 Bedroom, 3 Bath Home Plus Loft will not disappoint. From the moment you walk in, you can see the love and care that has gone into this home. The downstairs features Wood Laminate Flooring throughout, updated kitchen, new recessed lighting with a brand new kitchen, counters-tops, soft close, spice drawers cabinet linings and more!! A Cozy Fireplace, Formal Dining Room, Office/Sitting Room and Full Bedroom with Bath. The 2nd floor features the Master Bedroom, 3 Secondary Bedrooms, and Laundry Room. The Master Bedroom is Large and Inviting with 2 Walk in Closets, His & Her Sinks, Separate Tub and Shower and Travertine Floors. The secondary bedrooms share a Bathroom with Dual Sinks and a Shower/Tub Combo. Upstairs boasts a Large Loft that could easily be a 6th Bedroom, Man Cave, Music Room, Playroom, etc. The backyard is the perfect size with low maintenance landscaping. There is a 2 car attached garage. LOW Taxes, LOW HOA a PAID for FULL SOLAR SYSTEM by TESLA and a Quiet Cool whole house fan which means major savings on your monthly electric bills! New paint in most of the house. added fans to all the bedrooms, recessed lighting in the rooms and so much more! PROFESSIONAL PHOTOS COMING TOMORROW!

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: Rancho Bella Vista

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $149k584k

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

Neighborhood: Rancho Bella Vista

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
Alamos Elementary School Primary Regular 829 32 9
Bella Vista Middle School Middle Regular 1,148 44 8
Chaparral High School High Regular 3,237 120 9

Alamos Elementary School

  • Education Level: Primary
  • # of students: 829
  • # of teachers: 32
9
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
 

$486,000$594,000$540,000

PURCHASE PRICE

$2,511$3,069$2,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,790
EXPENSES Loan Payment -$1,876
Property Tax -$668
Property Insurance -$94
HOA -$40
Property Management Fees -$165
CASH FLOW
-$52

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.

$540,000

PROJECTED PRICE

$2,790

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 8.2%
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$1.8M

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$148,850

INVESTMENT

$148,850

Down Payment
$135,000
Rehab Estimate
$5,750
Closing Costs
$8,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,876

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $135,000
Loan Amount $405,000
See What Happens When You Reinvest Cash Flow

5

YEARS SAVED

$28,044

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,790

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $2,743

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,6003$2,7504$2,7905$2,800
$2,800
RENT COMPS ANALYSIS
  • 38318 Tranquila Avenue Murrieta, CA 4
    • 5 beds 3 baths ∙ 2,750 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,750 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $2,790
    • $1.01
    •  
  • 38443 Magdelena Street Murrieta, CA 1
    • 4 beds 3 baths ∙ 2,579 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,579 Sqft ∙ Built 2005
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.97
    •  
  • 31879 Rosales Avenue Murrieta, CA 2
    • 4 beds 3 baths ∙ 2,648 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,648 Sqft ∙ Built 2004
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.98
    •  
  • 31621 Chamise Lane Murrieta, CA 3
    • 5 beds 3 baths ∙ 2,809 Sqft ∙ Built 2015 5 beds 3 baths ∙ 2,809 Sqft ∙ Built 2015
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.98
    •  
  • 38239 Hermosa Court Murrieta, CA 5
    • 4 beds 3 baths ∙ 2,648 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,648 Sqft ∙ Built 2004
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.06
    •  
PROPERTY LISTING DETAILS
James Mocci
Signature Real Estate Group
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW21036807
Last Updated: 02/27/2021
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