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39175 Eternity Lane Murrieta, CA 92563

3 Beds 3 Baths 2,109 sqft Built 2000

$494,000

List Price

$2,310

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

December 10, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $234.23
  • 4 Days on Market
  • MLS # : NDP2003403
  • Updated Date : 12/11/2020 at 12:24
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,109 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart Realty West

Listing Agent's Description

NO HOA, LOW TAXES Welcome to your beautiful home! As soon as you enter you are greeted by high ceilings and bright natural light with a view of the oversized 2nd floor loft, open floor plan, top of the line wood laminate flooring, neutral tones and spacious living room leading the way to the family room with a gas fireplace, open kitchen with granite counters, walk-in pantry and kitchen island. The sliding door opens to the back yard with a covered porch and a large extended side yard. Brand new exterior paint throughout!~ The 2nd floor offers 3 BR with an extra 14'x14.5' loft for extra living space all with brand new carpeting. The master BR has vaulted ceilings, walk-in closet and large master bath. Ready to move in..

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

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
Nicolas Valley Elementary School Primary Regular 753 29 6
James L. Day Middle School Middle Regular 994 38 8
Chaparral High School High Regular 3,237 120 9

Nicolas Valley Elementary School

  • Education Level: Primary
  • # of students: 753
  • # of teachers: 29
6
GreatSchools Rating

James L. Day Middle School

  • Education Level: Middle
  • # of students: 994
  • # of teachers: 38
8
GreatSchools Rating

Chaparral High School

  • Education Level: High
  • # of students: 3,237
  • # of teachers: 120
9
GreatSchools Rating
 

$444,600$543,400$494,000

PURCHASE PRICE

$2,079$2,541$2,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,310
EXPENSES Loan Payment -$1,823
Property Tax -$445
Property Insurance -$78
Property Management Fees -$136
CASH FLOW
-$172

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.

$494,000

PROJECTED PRICE

$2,310

PROJECTED RENT

0.47%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$136,660

INVESTMENT

$136,660

Down Payment
$123,500
Rehab Estimate
$5,750
Closing Costs
$7,410

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,823

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $123,500
Loan Amount $370,500
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$22,727

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,310

    LIST RENT
  • $1.1

    LIST RENT PER SQFT
  • $2,341

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,2003$2,2504$2,3005$2,310
$2,310
RENT COMPS ANALYSIS
  • 39175 Eternity Lane Murrieta, CA 5
    • 3 beds 3 baths ∙ 2,109 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,109 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $2,310
    • $1.10
    •  
  • 39318 Bonaire Way Murrieta, CA 1
    • 4 beds 2 baths ∙ 2,062 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,062 Sqft ∙ Built 2003
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.02
    •  
  • 38345 Augusta Drive Murrieta, CA 2
    • 3 beds 2 baths ∙ 1,950 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,950 Sqft ∙ Built 1998
    LEASED 03/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.13
    •  
  • 27579 Sierra Madre Drive Murrieta, CA 3
    • 4 beds 3 baths ∙ 2,015 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,015 Sqft ∙ Built 2001
    LEASED 11/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.12
    •  
  • 39884 N General Kearny Road Temecula, CA 4
    • 3 beds 3 baths ∙ 1,970 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,970 Sqft ∙ Built 1991
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.17
    •  
PROPERTY LISTING DETAILS
Natalia Martin
Homesmart Realty West
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: NDP2003403
Last Updated: 12/11/2020
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