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38918 Sugar Pine Way Murrieta, CA 92563

5 Beds 3 Baths 2,965 sqft Built 2003

$599,000

List Price

$2,630

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $202.02
  • 5 Days on Market
  • MLS # : SW21022466
  • Updated Date : 02/04/2021 at 09:22
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,965 sqft
  • Baths : 3 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Location! Location! Location! Single story gem situated in the popular Central Park community. This Pulte-built beauty is a rare floor plan and is the largest single story this neighborhood has to offer. An entertainer's dream ready for the gourmet cook in a kitchen featuring dramatically tall ceilings, oversized quartz island/breakfast bar, tasteful quartz backsplash, eat-in kitchen and walk-in pantry. The kitchen is fully open to the great room that includes an inviting fireplace which is ideal for enjoying our chilly Murrieta evenings. The ADA compliant master suite flows nicely on through to a separate tub, walk-in shower, dual vanity sinks and sizeable walk-in closet. 4 more bedrooms. Separate living room and dining room. The tranquil backyard allows for added privacy and relaxation. Newer HVAC and LED recessed lighting. Solar system (23 panels) is fully transferrable. 3-car (split) garage. Conveniently located close to award winning Temecula schools, interstates, restaurants, shopping and local wineries. Low taxes/low HOA. Call to tour today!

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: Winchester-Silverhawk

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $149k584k

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

Neighborhood: Winchester-Silverhawk

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
 

$539,100$658,900$599,000

PURCHASE PRICE

$2,367$2,893$2,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,630
EXPENSES Loan Payment -$2,081
Property Tax -$550
Property Insurance -$99
HOA -$49
Property Management Fees -$155
CASH FLOW
-$303

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.

$599,000

PROJECTED PRICE

$2,630

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 6.7%
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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$164,485

INVESTMENT

$164,485

Down Payment
$149,750
Rehab Estimate
$5,750
Closing Costs
$8,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,081

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $149,750
Loan Amount $449,250
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$14,692

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,630

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $2,594

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,5953$2,6304$2,6955$2,800
$2,800
RENT COMPS ANALYSIS
  • 38918 Sugar Pine Way Murrieta, CA 3
    • 5 beds 3 baths ∙ 2,965 Sqft ∙ Built 2003 5 beds 3 baths ∙ 2,965 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $2,630
    • $0.89
    •  
  • 30608 Finbrook Road Murrieta, CA 1
    • 5 beds 3 baths ∙ 3,095 Sqft ∙ Built 2004 5 beds 3 baths ∙ 3,095 Sqft ∙ Built 2004
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.81
    •  
  • 38475 Encanto Road Murrieta, CA 2
    • 4 beds 3 baths ∙ 3,113 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,113 Sqft ∙ Built 2006
    LEASED 01/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.83
    •  
  • 39279 Tiburon Drive Murrieta, CA 4
    • 4 beds 3 baths ∙ 2,900 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,900 Sqft ∙ Built 2003
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.93
    •  
  • 39159 Twin Creek Drive Temecula, CA 5
    • 4 beds 4 baths ∙ 3,017 Sqft ∙ Built 2013 4 beds 4 baths ∙ 3,017 Sqft ∙ Built 2013
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.93
    •  
PROPERTY LISTING DETAILS
Mitchell Jones
Coldwell Banker Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW21022466
Last Updated: 02/04/2021
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