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39390 San Thomas Court Murrieta, CA 92562

3 Beds 2 Baths 1,304 sqft Built 1988

$467,000

List Price

$1,980

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $358.13
  • 6 Days on Market
  • MLS # : 219057789DA
  • Updated Date : 02/25/2021 at 05:28
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,304 sqft
  • Baths : 2 full
Listing Agent

Bennion Deville Homes

Listing Agent's Description

Location! Location! Location! This beautifully maintained & meticulously cared for home sits in the heart of Murrieta, halfway between the 215 & the 15 freeways. This 3 bedroom 2 bath home is centrally located between 5 schools, The Orchard Shopping Center, & the California Oaks Sports Park is just a short drive away. The backyard has great space for entertaining with east facing mountain views. The bedrooms are carpeted for warmth and comfort, while the rest of the home has upgraded tile floors for easy cleaning & maintenance. The guest bathroom has been recently updated with a new shower & trendy fixtures . The freshly painted grey interior is on point with the current style and elegance of an HGTV home. This home has been well cared for by the current owners but now you have the opportunity to take advantage and add your own style to this lovely home. It is located in a cul-de-sac of a quiet, family-friendly neighborhood. Bring your family & come fall in love with the house & the neighborhood. Homes in this area are few and far between, and they sell fast! Schedule your showing today!

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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: Murrieta Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $149k584k

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

Neighborhood: Murrieta Oaks

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
Avaxat Elementary School Primary Regular 735 30 7
Shivela Middle School Middle Regular 1,443 52 8
Murrieta Mesa High School High Regular 2,198 85 8

Avaxat Elementary School

  • Education Level: Primary
  • # of students: 735
  • # of teachers: 30
7
GreatSchools Rating

Shivela Middle School

  • Education Level: Middle
  • # of students: 1,443
  • # of teachers: 52
8
GreatSchools Rating

Murrieta Mesa High School

  • Education Level: High
  • # of students: 2,198
  • # of teachers: 85
8
GreatSchools Rating
 

$420,300$513,700$467,000

PURCHASE PRICE

$1,782$2,178$1,980

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,980
EXPENSES Loan Payment -$1,622
Property Tax -$471
Property Insurance -$59
Property Management Fees -$117
CASH FLOW
-$288

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.

$467,000

PROJECTED PRICE

$1,980

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 6.4%
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$129,505

INVESTMENT

$129,505

Down Payment
$116,750
Rehab Estimate
$5,750
Closing Costs
$7,005

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,622

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $116,750
Loan Amount $350,250
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$8,387

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,980

    LIST RENT
  • $1.52

    LIST RENT PER SQFT
  • $1,666

    COMP ESTIMATED VALUE
  • $1.28

    COMP AVG. RENT PER SQFT
Comps Range
$1,975
1$1,9752$1,9803$1,9954$2,0005$2,100
$2,100
RENT COMPS ANALYSIS
  • 39390 San Thomas Court Murrieta, CA 2
    • 3 beds 2 baths ∙ 1,304 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,304 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $1,980
    • $1.52
    •  
  • 23923 Falconer Drive Murrieta, CA 1
    • 3 beds 3 baths ∙ 1,462 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,462 Sqft ∙ Built 1988
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $1.35
    •  
  • 24114 Whistling Swan Road Murrieta, CA 3
    • 3 beds 3 baths ∙ 1,641 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,641 Sqft ∙ Built 1996
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.22
    •  
  • 36044 Toulon Drive Murrieta, CA 4
    • 3 beds 2 baths ∙ 1,593 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,593 Sqft ∙ Built 1989
    LEASED 01/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.26
    •  
  • 39862 Tanager Trail Murrieta, CA 5
    • 3 beds 3 baths ∙ 1,641 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,641 Sqft ∙ Built 1994
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.28
    •  
PROPERTY LISTING DETAILS
Sunny-dawn Snider
Bennion Deville Homes
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: 219057789DA
Last Updated: 02/25/2021
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