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

39982 Notting Hill Road Murrieta, CA 92563

4 Beds 2 Baths 1,722 sqft Built 1995

$485,000

List Price

$2,180

$2K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $281.65
  • 4 Days on Market
  • MLS # : SW21056678
  • Updated Date : 03/19/2021 at 16:05
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,722 sqft
  • Baths : 2 full
Listing Agent

Keller Williams, The Lakes

Listing Agent's Description

Beautiful pool home in an amazing neighborhood now available! Tropical palms and custom concrete steps lead you to your future door. Back yard offers plenty of space for entertaining and a refreshing pool to enjoy year round perfect for this California weather. There are 4 bedrooms, 3 baths. One downstairs bedroom plus a full bathroom tax roll shows 2 baths. Home features vaulted ceilings, upgraded flooring through out, a lovely kitchen with a center island. Home is located 5 minutes away from 15 freeway, close to shopping, restaurants, wineries. There are no HOA fees, great schools.

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: Alta Murrieta

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $149k584k

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

Neighborhood: Alta Murrieta

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
Alta Murrieta Elementary School Primary Regular 769 28 8
Warm Springs Middle School Middle Regular 891 31 6
Vista Murrieta High School High Regular 3,456 132 8

Alta Murrieta Elementary School

  • Education Level: Primary
  • # of students: 769
  • # of teachers: 28
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
 

$436,500$533,500$485,000

PURCHASE PRICE

$1,962$2,398$2,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,180
EXPENSES Loan Payment -$1,685
Property Tax -$496
Property Insurance -$69
Property Management Fees -$129
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.

$485,000

PROJECTED PRICE

$2,180

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 7.4%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$134,275

INVESTMENT

$134,275

Down Payment
$121,250
Rehab Estimate
$5,750
Closing Costs
$7,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,685

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $121,250
Loan Amount $363,750
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$14,690

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,180

    LIST RENT
  • $1.27

    LIST RENT PER SQFT
  • $2,127

    COMP ESTIMATED VALUE
  • $1.23

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$1,9503$1,9954$2,1805$2,400
$2,400
RENT COMPS ANALYSIS
  • 39982 Notting Hill Road Murrieta, CA 4
    • 4 beds 2 baths ∙ 1,722 Sqft ∙ Built 1995 4 beds 2 baths ∙ 1,722 Sqft ∙ Built 1995
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,180
    • $1.27
    •  
  • 26092 Mayfield Union Way Murrieta, CA 1
    • 3 beds 2 baths ∙ 1,654 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,654 Sqft ∙ Built 2003
    property image
    LEASED 10/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.18
    •  
  • 39901 Alpine Union Street Murrieta, CA 2
    • 3 beds 2 baths ∙ 1,654 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,654 Sqft ∙ Built 2002
    property image
    LEASED 11/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.18
    •  
  • 40000 Daphne Drive Murrieta, CA 3
    • 3 beds 2 baths ∙ 1,555 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,555 Sqft ∙ Built 1996
    property image
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.28
    •  
  • 39730 Notting Hill Road Murrieta, CA 5
    • 3 beds 3 baths ∙ 1,840 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,840 Sqft ∙ Built 1988
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.30
    •  
PROPERTY LISTING DETAILS
Isela Boulware
Keller Williams, The Lakes
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW21056678
Last Updated: 03/19/2021
BESbswy