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40038 Calle Real Murrieta, CA 92563

4 Beds 3 Baths 2,151 sqft Built 2018

$468,000

List Price

$2,330

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $217.57
  • 11 Days on Market
  • MLS # : OC21008709
  • Updated Date : 01/22/2021 at 07:08
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,151 sqft
  • Baths : 2 full , 1 half
Listing Agent

Baybrook Realty

Listing Agent's Description

Location, location, location. This beautifully upgraded home is on a cul-de-sac and located close to all freeways and shopping. A large open concept kitchen opens to a spacious family room and living area. Kitchen upgrades include a cast iron farm sink built into the large bar island. Two tone quartz countertops, custom chevron backsplash, and upgraded pendant lighting over kitchen island. Wood finish porcelain plank tiles throughout downstairs, and all bathrooms. Upgraded carpet throughout the upstairs. Family room has a custom shiplap accent wall fitted with a tv mount. The Fourth bedroom is currently open as a loft and can easily be converted back to the original forth bedroom. Master bedroom features a large walk-in closet, an en-suite bath with dual vanities, and separate shower and tub. Secondary upstairs bath also features a dual vanity and upgraded flooring. This home features maintenance free hardscape and turf in the backyard, plus a built in gas fire pit. The garage floor has been epoxied and includes storage racks over the garage door. The home is situated on a cul-de-sac with extra street parking. The home has also been upgraded with a tankless water heater and is pre-wired for solar to be added. Be sure to watch the virtual tour https://youtu.be/wBY7q_QiV30.

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

PRICE & RENT TRENDS

Zip Code: 92563

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $149k584k

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

Zip Code: 92563

ZipNIR 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
 

$421,200$514,800$468,000

PURCHASE PRICE

$2,097$2,563$2,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,330
EXPENSES Loan Payment -$1,626
Property Tax -$483
Property Insurance -$79
HOA -$105
Property Management Fees -$137
CASH FLOW
-$100

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.

$468,000

PROJECTED PRICE

$2,330

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 7.2%
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$129,770

INVESTMENT

$129,770

Down Payment
$117,000
Rehab Estimate
$5,750
Closing Costs
$7,020

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,626

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $117,000
Loan Amount $351,000
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$19,882

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,330

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $2,307

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,3303$2,3504$2,4005$2,400
$2,400
RENT COMPS ANALYSIS
  • 40038 Calle Real Murrieta, CA 2
    • 4 beds 3 baths ∙ 2,151 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,151 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $2,330
    • $1.08
    •  
  • 40033 Calle Real Murrieta, CA 1
    • 3 beds 3 baths ∙ 2,151 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,151 Sqft ∙ Built 2017
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.07
    •  
  • 40186 Jaylene Street Murrieta, CA 3
    • 4 beds 3 baths ∙ 2,208 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,208 Sqft ∙ Built 2005
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.06
    •  
  • 26608 Peachwood Drive Murrieta, CA 4
    • 4 beds 3 baths ∙ 2,239 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,239 Sqft ∙ Built 2000
    LEASED 04/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.07
    •  
  • 26298 Jonah Way Murrieta, CA 5
    • 3 beds 3 baths ∙ 2,208 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,208 Sqft ∙ Built 2005
    LEASED 07/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.09
    •  
PROPERTY LISTING DETAILS
Sarah Tripodo
Baybrook Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21008709
Last Updated: 01/22/2021
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