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40080 Paseo Del Sol Murrieta, CA 92562

3 Beds 3 Baths 1,700 sqft Built 1988

$450,000

List Price

$1,960

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $264.71
  • 5 Days on Market
  • MLS # : SW20237446
  • Updated Date : 11/11/2020 at 13:50
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,700 sqft
  • Baths : 2 full , 1 half
Listing Agent

Redfin Corporation

Listing Agent's Description

Turn-key home at the end of a cul-de-sac features great curb appeal, a spacious floorplan, fresh paint, smooth scraped ceilings, baseboard crown-molding, recessed lighting, and gorgeous laminate wood flooring throughout! The formal living room has two-story ceilings, lots of natural light, and opens to the formal dining area. The kitchen offers white cabinetry, quartz countertops, tile backsplash, bar seating, and opens to the family room with fireplace. All of the bedrooms are on the 2nd floor, the large primary bedroom has a private ensuite with dual sink vanity, as well as a private balcony, and the secondary bedrooms share a jack and jill bathroom. Enjoy the private backyard that is ready to be made your own, with no rear neighbors. Conveniently located near schools, shopping, dining, and more!

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: Golden Triangle North

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $143k560k

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

Neighborhood: Golden Triangle North

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q21100120013001400150016001700180019002000210022002300Rent in $10822387

* 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
Rail Ranch Elementary School Primary Regular 599 23 8
Rail Ranch Elementary School Middle Regular 599 23 8
Murrieta Mesa High School High Regular 2,198 85 8

Rail Ranch Elementary School

  • Education Level: Primary
  • # of students: 599
  • # of teachers: 23
8
GreatSchools Rating

Rail Ranch Elementary School

  • Education Level: Middle
  • # of students: 599
  • # of teachers: 23
8
GreatSchools Rating

Murrieta Mesa High School

  • Education Level: High
  • # of students: 2,198
  • # of teachers: 85
8
GreatSchools Rating
 

$405,000$495,000$450,000

PURCHASE PRICE

$1,764$2,156$1,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,960
EXPENSES Loan Payment -$1,660
Property Tax -$464
Property Insurance -$68
Property Management Fees -$116
CASH FLOW
-$348

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.

$450,000

PROJECTED PRICE

$1,960

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 7.7%
Maintenance Year (1-5) 8.00%
Vacancy 5.43%
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

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$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,660

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$6,961

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,960

    LIST RENT
  • $1.15

    LIST RENT PER SQFT
  • $2,121

    COMP ESTIMATED VALUE
  • $1.25

    COMP AVG. RENT PER SQFT
Comps Range
$1,960
1$1,9602$1,9953$1,9994$2,2005$2,300
$2,300
RENT COMPS ANALYSIS
  • 40080 Paseo Del Sol Murrieta, CA 1
    • 3 beds 3 baths ∙ 1,700 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,700 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $1,960
    • $1.15
    •  
  • 40000 Daphne Drive Murrieta, CA 2
    • 3 beds 2 baths ∙ 1,555 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,555 Sqft ∙ Built 1996
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.28
    •  
  • 25172 Via Las Lomas Murrieta, CA 3
    • 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 1988
    LEASED 10/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,999
    • $1.22
    •  
  • 25406 Blackthorne Drive Murrieta, CA 4
    • 4 beds 2 baths ∙ 1,863 Sqft ∙ Built 1988 4 beds 2 baths ∙ 1,863 Sqft ∙ Built 1988
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.18
    •  
  • 25702 Barclay Murrieta, CA 5
    • 4 beds 3 baths ∙ 1,760 Sqft ∙ Built 1997 4 beds 3 baths ∙ 1,760 Sqft ∙ Built 1997
    LEASED 01/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.31
    •  
PROPERTY LISTING DETAILS
Teri Conley
Redfin Corporation
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW20237446
Last Updated: 11/11/2020
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