Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

39412 Tiburon Drive Murrieta, CA 92563

4 Beds 3 Baths 2,618 sqft Built 2003

$525,000

List Price

$2,420

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $200.53
  • 5 Days on Market
  • MLS # : SW21000805
  • Updated Date : 01/06/2021 at 14:11
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,618 sqft
  • Baths : 2 full , 1 half
Listing Agent

Crown Property Management

Listing Agent's Description

4 bedroom home for sale! This home has new carpet, new blinds throughout, new interior paint as well as freshly painted exterior fascia and trim! A tiled entry opens up to the front room. The kitchen features wood cabinetry, white tile countertops, cooktop, dishwasher, single wall oven, microwave and sink with a pull down faucet. The great room area features a fireplace and media niche. A half bath completes the first level of the home. The second story of the house includes a loft space, three secondary bedrooms, secondary bath, laundry room and the master suite. The secondary bath features white cabinetry and new tile flooring. The laundry room has tile flooring and a utility sink. The master suite includes a nice size master bedroom, two closets and en suite bath. The master bath has tile flooring, double sink vanity with white tile countertop, soaking tub and shower enclosure. Both front and back yards are landscaped and the backyard has a nice patio area. New AC condenser and evaporative coil installed fall 2020.

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
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
 

$472,500$577,500$525,000

PURCHASE PRICE

$2,178$2,662$2,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,420
EXPENSES Loan Payment -$1,824
Property Tax -$561
Property Insurance -$91
Property Management Fees -$143
CASH FLOW
-$198

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.

$525,000

PROJECTED PRICE

$2,420

PROJECTED RENT

0.46%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$144,875

INVESTMENT

$144,875

Down Payment
$131,250
Rehab Estimate
$5,750
Closing Costs
$7,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,824

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $131,250
Loan Amount $393,750
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$16,868

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,420

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $2,435

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$2,395
1$2,3952$2,4003$2,4004$2,4005$2,420
$2,420
RENT COMPS ANALYSIS
  • 39412 Tiburon Drive Murrieta, CA 5
    • 4 beds 3 baths ∙ 2,618 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,618 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $2,420
    • $0.92
    •  
  • 31531 Whitedove Lane Murrieta, CA 1
    • 4 beds 3 baths ∙ 2,579 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,579 Sqft ∙ Built 2003
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.93
    •  
  • 39321 Calistoga Drive Murrieta, CA 2
    • 4 beds 3 baths ∙ 2,361 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,361 Sqft ∙ Built 1993
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.02
    •  
  • 39354 Salinas Drive Murrieta, CA 3
    • 4 beds 3 baths ∙ 2,711 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,711 Sqft ∙ Built 1992
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.89
    •  
  • 39437 Salinas Drive Murrieta, CA 4
    • 4 beds 3 baths ∙ 2,729 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,729 Sqft ∙ Built 1992
    LEASED 11/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.88
    •  
PROPERTY LISTING DETAILS
Melissa Kelly
Crown Property Management
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW21000805
Last Updated: 01/06/2021
BESbswy