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40086 Calle Real Murrieta, CA 92563

3 Beds 3 Baths 1,905 sqft Built 2018

$417,700

List Price

$2,200

$2K - $2.4K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $219.27
  • 3 Days on Market
  • MLS # : SW20239120
  • Updated Date : 11/14/2020 at 16:23
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,905 sqft
  • Baths : 2 full , 1 half
Listing Agent

Windermere Homes & Estates

Listing Agent's Description

Welcome to this very attractive VIEW home! Located in the heart of Murrieta in the Ventana at Creekside Village neighborhood. Enjoy the peacefulness and serenity of having no rear neighbors and backing the Murrieta Creek river trail. This stunning yard offers stamped concrete, wrought iron fencing to soak up the sun and enjoy the beautiful landscape of nature, all with plenty of room to lounge or entertain. Upon entering this charming home you will instantly be swept away by it features. This 2018 Woodside Homes features nearly 2000 sq. feet of living space, 3 very spacious bedrooms, 2 full bathrooms, a 1st level powder room, and a roomy loft that could easily be converted into a 4th bedroom. Be prepared to be WOWED by this D R E A M Y kitchen. With a beach cottage feel you will be swept away by the oversized kitchen island with gorgeous granite and plenty of room to seat up to 6! An abundance of cabinetry in warm driftwood colors complete with drawer and cabinet pulls, stainless steel appliances, granite countertops and backsplash, walk-in pantry, upgraded recessed lighting and pendant lighting add to this already light and bright kitchen we all love. Cozy Family room has tons of natural light and is so welcoming. Neutral custom paint colors, upgraded wood laminate flooring and tile add to the modern look of this home. The 2nd level has a lovely master suite and large walk-in closet. Minutes away from the freeway, shopping, and Temecula Wine Country! You will LOVE this GEM!!

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

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
 

$375,930$459,470$417,700

PURCHASE PRICE

$1,980$2,420$2,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,200
EXPENSES Loan Payment -$1,541
Property Tax -$431
Property Insurance -$73
HOA -$105
Property Management Fees -$130
CASH FLOW
-$80

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.

$417,700

PROJECTED PRICE

$2,200

PROJECTED RENT

0.53%

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$116,441

INVESTMENT

$116,441

Down Payment
$104,425
Rehab Estimate
$5,750
Closing Costs
$6,266

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,541

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $104,425
Loan Amount $313,275
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$23,211

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,200

    LIST RENT
  • $1.15

    LIST RENT PER SQFT
  • $2,224

    COMP ESTIMATED VALUE
  • $1.17

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,2003$2,2004$2,3005$2,550
$2,550
RENT COMPS ANALYSIS
  • 40086 Calle Real Murrieta, CA 3
    • 3 beds 3 baths ∙ 1,905 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,905 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.15
    •  
  • 39371 Vanderbilt Avenue Murrieta, CA 1
    • 4 beds 2 baths ∙ 1,740 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,740 Sqft ∙ Built 2002
    LEASED 01/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.21
    •  
  • 40025 Calle Real Murrieta, CA 2
    • 3 beds 3 baths ∙ 1,905 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,905 Sqft ∙ Built 2017
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.15
    •  
  • 40501 Amesbury Lane Temecula, CA 4
    • 4 beds 3 baths ∙ 2,095 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,095 Sqft ∙ Built 2012
    LEASED 12/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.10
    •  
  • 40693 Cartier Street Murrieta, CA 5
    • 3 beds 3 baths ∙ 2,099 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,099 Sqft ∙ Built 2005
    LEASED 09/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.21
    •  
PROPERTY LISTING DETAILS
Autumn Leroux
Windermere Homes & Estates
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW20239120
Last Updated: 11/14/2020
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