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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $210.84
- 3 Days on Market
- MLS # : SW20259784
- Updated Date : 01/01/2021 at 08:19
CONSTRUCTION
- Beds : 3
- Floor Size : 2,324 sqft
- Baths : 2 full , 1 half
Listing Agent
Era Donahoe Realty
Listing Agent's Description
This Rancho Bella Vista beauty is move in ready and shows like a model. Enjoy the new quality laminate wood flooring in all the living spaces for easy maintenance, and the brand new carpet in the bedrooms to feel all nice and warm under your toes on a cold winter morning. The kitchen boasts granite counters, stainless steel appliances, a great bar seating area and a view to the back yard from the sink. There's plenty of cabinet storage AND a pantry! Entertain easily with the open concept from the kitchen to family room with fireplace or enjoy your formal living and dining room just off the entry. Upstairs is a large loft area great for a movie room, extra "hang out" space or more! And, YES, the laundry room is upstairs for your convenience. The large master suite offers separate tub and shower, dual sink vanity and a spacious walk in closet. Outside the yard offers plenty of room for a pool and privacy with no rear neighbor. Just around the corner from the middle school and Rancho Bella Vista park, the location is ideal. Enjoy Lake Skinner close by, or the mall and easy access to both the 15 and 215 freeways for your commute. Don't wait - this one will be gone in a flash!
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MARKET HIGHLIGHTS
- 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.
- 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)
PRICE & RENT TRENDS
Neighborhood: Rancho Bella Vista
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Rancho Bella Vista
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,320 |
| EXPENSES | Loan Payment | -$1,808 |
| Property Tax | -$606 | |
| Property Insurance | -$83 | |
| HOA | -$40 | |
| Property Management Fees | -$137 | |
|
CASH FLOW
-$354
|
||
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.
$490,000
PROJECTED PRICE
$2,320
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$135,600
LOAN DETAILS
$1,808
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $122,500 |
| Loan Amount | $367,500 |
2.08
YEARS SAVED
$8,025
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,320
LIST RENT -
$1
LIST RENT PER SQFT
-
$2,365
COMP ESTIMATED VALUE -
$1.02
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 02/10/20- Rent
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- $2,200
- $1.01
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LEASED 06/03/20- Rent
- Rent Per SQFT
- $2,250
- $0.97
-
37739 River Oats Lane Murrieta, CA 4
- 4 beds 3 baths ∙ 2,409 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,409 Sqft ∙ Built 2016
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LEASED 08/07/20- Rent
- Rent Per SQFT
- $2,400
- $1.00
-
38937 Rockinghorse Road Murrieta, CA 5
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![property image]()
LEASED 08/26/20- Rent
- Rent Per SQFT
- $2,400
- $1.09
PROPERTY LISTING DETAILS
Era Donahoe Realty
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: SW20259784
Last Updated: 01/01/2021
