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39999 Coliseum Way Murrieta, CA 92562

4 Beds 3 Baths 2,689 sqft Built 1990

$580,000

List Price

$2,580

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $215.69
  • 3 Days on Market
  • MLS # : SW21046660
  • Updated Date : 03/05/2021 at 15:19
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,689 sqft
  • Baths : 3 full
Listing Agent

Grapevine Properties

Listing Agent's Description

Fantastic Central Murrieta pool home, 3 car garage and double door entry. Large living/dining room combo with fireplace and vaulted ceilings. Open family room has a 2nd fireplace and sliding door leading to covered rear patio and is open to the kitchen with breakfast nook, wet bar and built-in desk. Main floor bedroom and full bathroom with shower enclosure is perfect for guests. Upstairs is a large master suite with dual door entry, vaulted ceiling and private master bathroom featuring dual sinks, vanity, walk in closet, separate shower and soaking tub. 2 additional bedrooms and another full bathroom upstairs plus a huge bonus room with dual panel door entry & upgraded ceiling fan that can be converted to 5th bedroom with addition of closet or armoire. Outdoors you’ll enjoy a freshly re-pebble textured private pool & spa plus covered patio with built in seating. No HOA, low taxes, close to shopping & more!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
Shivela Middle School Middle Regular 1,443 52 8
Murrieta Mesa High School High Regular 2,198 85 8

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
 

$522,000$638,000$580,000

PURCHASE PRICE

$2,322$2,838$2,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,580
EXPENSES Loan Payment -$2,015
Property Tax -$593
Property Insurance -$92
Property Management Fees -$152
CASH FLOW
-$272

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.

$580,000

PROJECTED PRICE

$2,580

PROJECTED RENT

0.44%

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$1.6M$1.8M

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$159,450

INVESTMENT

$159,450

Down Payment
$145,000
Rehab Estimate
$5,750
Closing Costs
$8,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,015

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $145,000
Loan Amount $435,000
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$15,416

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,580

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $2,602

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$2,150
1$2,1502$2,3753$2,4954$2,5805$2,995
$2,995
RENT COMPS ANALYSIS
  • 39999 Coliseum Way Murrieta, CA 4
    • 4 beds 3 baths ∙ 2,689 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,689 Sqft ∙ Built 1990
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,580
    • $0.96
    •  
  • 39870 Avenida Miguel Oeste Murrieta, CA 1
    • 5 beds 4 baths ∙ 2,520 Sqft ∙ Built 1990 5 beds 4 baths ∙ 2,520 Sqft ∙ Built 1990
    property image
    LEASED 03/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.85
    •  
  • 39810 Daphne Drive Murrieta, CA 2
    • 5 beds 3 baths ∙ 2,500 Sqft ∙ Built 1998 5 beds 3 baths ∙ 2,500 Sqft ∙ Built 1998
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,375
    • $0.95
    •  
  • 36801 Longbranch Avenue Murrieta, CA 3
    • 4 beds 3 baths ∙ 2,575 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,575 Sqft ∙ Built 2003
    property image
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.97
    •  
  • 40528 Angelica Drive Murrieta, CA 5
    • 4 beds 3 baths ∙ 2,716 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,716 Sqft ∙ Built 1997
    property image
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.10
    •  
PROPERTY LISTING DETAILS
Scott Parrott
Grapevine Properties
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW21046660
Last Updated: 03/05/2021
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