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38385 Sevilla Avenue Murrieta, CA 92563

4 Beds 3 Baths 2,204 sqft Built 2005

$469,000

List Price

$2,170

$2K - $2.4K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $212.79
  • 2 Days on Market
  • MLS # : SW21030481
  • Updated Date : 02/13/2021 at 17:50
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,204 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty Of California, Inc.

Listing Agent's Description

Rancho Bella Vista! Come discover this wonderful 4 bed 3 bath home situated in one of the most desirable communities in Murrieta! A formal living room & dining room greet you as you enter. An open concept design is displayed as you approach the heart of the home. Here a kitchen with large center island flows seamlessly to a breakfast nook and sprawling living space. The family room offers a cozy fireplace, media niche and easy access to the patio making this floor-plan ideal for large social gatherings! At the top of the stairs you'll find a large landing / hall that leads to all the bedrooms. The master suite is complete with a private bath featuring a dual-sink vanity, separate shower/tub and huge walk-in closet. All the bedrooms provide fantastic natural light and are plenty big for your growing family. Upstairs laundry too! Out back is a very private yard with no neighbors behind! Beautiful stamped concrete, plenty of shade and a retaining wall that really enlarges the usable space! Neighborhood is loaded with sport parks, playgrounds, walking trails and close to Temecula Wine Country! Location also provides easy access to shopping, entertainment, restaurants and feeds to Temecula School District! HURRY FOLKS, THIS WONT LAST LONG!

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
 

$422,100$515,900$469,000

PURCHASE PRICE

$1,953$2,387$2,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,170
EXPENSES Loan Payment -$1,629
Property Tax -$580
Property Insurance -$81
HOA -$40
Property Management Fees -$128
CASH FLOW
-$287

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.

$469,000

PROJECTED PRICE

$2,170

PROJECTED RENT

0.46%

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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$130,035

INVESTMENT

$130,035

Down Payment
$117,250
Rehab Estimate
$5,750
Closing Costs
$7,035

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,629

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $117,250
Loan Amount $351,750
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$7,570

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,170

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $2,314

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$2,170
1$2,1702$2,3503$2,4004$2,4005$2,450
$2,450
RENT COMPS ANALYSIS
  • 38385 Sevilla Avenue Murrieta, CA 1
    • 4 beds 3 baths ∙ 2,204 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,204 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,170
    • $0.98
    •  
  • 31008 Waterton Court Murrieta, CA 2
    • 4 beds 3 baths ∙ 2,277 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,277 Sqft ∙ Built 2013
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.03
    •  
  • 38937 Rockinghorse Road Murrieta, CA 3
    • 4 beds 3 baths ∙ 2,204 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,204 Sqft ∙ Built 2003
    LEASED 08/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.09
    •  
  • 31038 Old Cypress Drive Murrieta, CA 4
    • 4 beds 3 baths ∙ 2,277 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,277 Sqft ∙ Built 2012
    LEASED 09/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.05
    •  
  • 39157 Hidden Creek Lane Temecula, CA 5
    • 4 beds 3 baths ∙ 2,389 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,389 Sqft ∙ Built 2015
    LEASED 06/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.03
    •  
PROPERTY LISTING DETAILS
Lorie Anne Auer
Exp Realty Of California, Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW21030481
Last Updated: 02/13/2021
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