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40114 White Leaf Ln Murrieta, CA 92562

4 Beds 3 Baths 2,360 sqft Built 1989

$525,000

List Price

$2,430

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $222.46
  • 20 Days on Market
  • MLS # : 200054491
  • Updated Date : 01/06/2021 at 21:32
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,360 sqft
  • Baths : 2 full , 1 half
Listing Agent

24/7 Realty Inc

Listing Agent's Description

Look no further!!! This Beautiful 4 Bed, 2.5 Bath home is perfect for raising your family. As soon as you walk in, you know you are home with a wide open family room, high ceilings, and beautiful wooden flooring. The spacious backyard features a swing-set, playhouse and BBQ, perfect for hosting family and friends. Newly upgraded Kitchen with Stainless Steel appliances and white tile backsplash. This turnkey house is ready for you to come in and make it your home! Look no further!!! This Beautiful 4 Bed, 2.5 Bath home is perfect for raising your family. From the moment you walk-in, you know you are home with a wide open family room, high ceilings, and beautiful wooden flooring. The spacious backyard features a swing-set, playhouse and BBQ, perfect for hosting family and friends. Newly upgraded Kitchen with Stainless Steel appliances and white tile backsplash. This turnkey house is ready for you to come in and make it your home! Other Fees: 0 Sewer: Public Sewer Topography: LL

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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: 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
E. Hale Curran School Primary Regular 513 20 7
Shivela Middle School Middle Regular 1,443 52 8
Murrieta Mesa High School High Regular 2,198 85 8

E. Hale Curran School

  • Education Level: Primary
  • # of students: 513
  • # of teachers: 20
7
GreatSchools Rating

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
 

$472,500$577,500$525,000

PURCHASE PRICE

$2,187$2,673$2,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,430
EXPENSES Loan Payment -$1,824
Property Tax -$537
Property Insurance -$84
Property Management Fees -$143
CASH FLOW
-$158

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.

$525,000

PROJECTED PRICE

$2,430

PROJECTED RENT

0.46%

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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

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$144,875

INVESTMENT

$144,875

Down Payment
$131,250
Rehab Estimate
$5,750
Closing Costs
$7,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,824

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $131,250
Loan Amount $393,750
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$19,982

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,430

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $2,407

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$2,095
1$2,0952$2,2503$2,4004$2,4305$2,450
$2,450
RENT COMPS ANALYSIS
  • 40114 White Leaf Ln Murrieta, CA 4
    • 4 beds 3 baths ∙ 2,360 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,360 Sqft ∙ Built 1989
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,430
    • $1.03
    •  
  • 25154 Corte Pico Murrieta, CA 1
    • 4 beds 3 baths ∙ 2,253 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,253 Sqft ∙ Built 1997
    property image
    LEASED 01/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.93
    •  
  • 39999 Via Graziana Murrieta, CA 2
    • 3 beds 2 baths ∙ 2,100 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,100 Sqft ∙ Built 2004
    property image
    LEASED 09/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.07
    •  
  • 24700 Pantera Court Murrieta, CA 3
    • 4 beds 3 baths ∙ 2,302 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,302 Sqft ∙ Built 1988
    property image
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.04
    •  
  • 25069 Camino Mancho Murrieta, CA 5
    • 3 beds 3 baths ∙ 2,356 Sqft ∙ Built 1990 3 beds 3 baths ∙ 2,356 Sqft ∙ Built 1990
    property image
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.04
    •  
PROPERTY LISTING DETAILS
Todd Kerrn
24/7 Realty Inc
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: 200054491
Last Updated: 01/06/2021
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