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39513 Saint Honore Drive Murrieta, CA 92563

6 Beds 4 Baths 2,650 sqft Built 2002

$499,000

List Price

$2,370

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

December 01, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $188.30
  • 6 Days on Market
  • MLS # : SW20248166
  • Updated Date : 12/01/2020 at 15:07
CONSTRUCTION
  • Beds : 6
  • Floor Size : 2,650 sqft
  • Baths : 4 full
Listing Agent

Keller Williams, The Lakes

Listing Agent's Description

Large Spacious 2 Story Cul -de- Sac home located in a desirable location of Murrieta. This home features 6 bedrooms and 4 full bathrooms, cathedral ceilings, wood and tile flooring, 3 car garage, nice size kitchen that opens to the family room. Downstairs laundry room with a sink and a entry/ exit door to the side yard. Full bathroom downstairs. Beautiful staircase leads to all the bedrooms. The Spacious master is the to right at the top of the stairs, with a door that leads to a balcony to sit and stargaze as you sip on your favorite drink. Large spacious master bath with jet tub and an enormous walk in closet. Down the hall are 5 more bedrooms with 2 more bathrooms. Back yard is large enough for a small to medium sized pool with space left to entertain. Located in the heart of Murrieta, close to shopping, schools and both the 15 and 215 freeways. Solar will be paid off through the close of escrow. No HOA and low taxes make this home even more desirable.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Vintage Reserve

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $149k584k

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

Neighborhood: Vintage Reserve

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
Buchanan Elementary School Primary Regular 998 37 8
Warm Springs Middle School Middle Regular 891 31 6
Vista Murrieta High School High Regular 3,456 132 8

Buchanan Elementary School

  • Education Level: Primary
  • # of students: 998
  • # of teachers: 37
8
GreatSchools Rating

Warm Springs Middle School

  • Education Level: Middle
  • # of students: 891
  • # of teachers: 31
6
GreatSchools Rating

Vista Murrieta High School

  • Education Level: High
  • # of students: 3,456
  • # of teachers: 132
8
GreatSchools Rating
 

$449,100$548,900$499,000

PURCHASE PRICE

$2,133$2,607$2,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,370
EXPENSES Loan Payment -$1,841
Property Tax -$532
Property Insurance -$87
Property Management Fees -$140
CASH FLOW
-$230

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.

$499,000

PROJECTED PRICE

$2,370

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 4.9%
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$15k

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$137,985

INVESTMENT

$137,985

Down Payment
$124,750
Rehab Estimate
$5,750
Closing Costs
$7,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,841

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $124,750
Loan Amount $374,250
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$17,446

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,370

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $2,334

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$2,370
1$2,3702$2,4503$2,4954$2,5005$2,600
$2,600
RENT COMPS ANALYSIS
  • 39513 Saint Honore Drive Murrieta, CA 1
    • 6 beds 4 baths ∙ 2,470 Sqft ∙ Built 2002 6 beds 4 baths ∙ 2,470 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,370
    • $0.96
    •  
  • 39573 Bonaire Way Murrieta, CA 2
    • 5 beds 4 baths ∙ 2,706 Sqft ∙ Built 1999 5 beds 4 baths ∙ 2,706 Sqft ∙ Built 1999
    property image
    LEASED 09/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.91
    •  
  • 26389 Collier Union Drive Murrieta, CA 3
    • 5 beds 4 baths ∙ 2,671 Sqft ∙ Built 2002 5 beds 4 baths ∙ 2,671 Sqft ∙ Built 2002
    property image
    LEASED 10/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.93
    •  
  • 29226 Township Road Temecula, CA 4
    • 5 beds 3 baths ∙ 2,578 Sqft ∙ Built 2003 5 beds 3 baths ∙ 2,578 Sqft ∙ Built 2003
    property image
    LEASED 05/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.97
    •  
  • 26328 Palisades Drive Murrieta, CA 5
    • 5 beds 4 baths ∙ 2,671 Sqft ∙ Built 2002 5 beds 4 baths ∙ 2,671 Sqft ∙ Built 2002
    property image
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.97
    •  
PROPERTY LISTING DETAILS
Elena Flores
Keller Williams, The Lakes
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW20248166
Last Updated: 12/01/2020
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