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40259 Cambridge Street Murrieta, CA 92563

5 Beds 3 Baths 2,736 sqft Built 2001

$619,900

List Price

$2,620

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $226.57
  • 3 Days on Market
  • MLS # : SW21004016
  • Updated Date : 01/09/2021 at 05:06
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,736 sqft
  • Baths : 3 full
Listing Agent

Kw Temecula

Listing Agent's Description

Absolutely gorgeous Vintage Reserve pool home on a large 11,326 sf cul-de-sac lot-- loaded with upgrades. Extensive hardscape front and back with inviting walkways and stacked stone accent, 2736 sf of elegant living space with 5 bedrooms (including one downstairs), 3 bathrooms & 3 car garage. Just some of the upgrades include rich hardwood floors including the staircase, custom tile in bathrooms, impressive crown molding & upgraded baseboards in most all rooms including bathrooms, plantation shutters, ceiling fans and surround sound speakers. Chefs kitchen with granite counters and island with tumbled marble backsplash, large upgraded stainless-steel sink and stainless-steel appliances. Most of the hardware, knobs and fixtures in the house have been changed. Large family room with built-in cabinets and cozy brick fireplace. Spacious master bedroom with huge walk-in closet. Epoxy floors and storage racks in garage. Entertainer's backyard with stunning flagstone pool and spa with Pebble Sheen coating. Flagstone accent on patio deck along with patio cover, stacked stone pilasters and large side yard, perfect for a dog run. Block wall at back and freshly painted fence on one side. An amazing find in such a wonderful community with no HOA. Walking distance to parks and schools and just minutes to Temecula Promenade mall, Harveston Lake, restaurants and easy access to 15 and 215 freeway--great location. The pool home you've been looking for!

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: Vintage Reserve

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $149k584k

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

Neighborhood: Vintage Reserve

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
Buchanan Elementary School Primary Regular 998 37 8
Warm Springs Middle School Middle Regular 891 31 6
Vista Murrieta High School High Regular 3,456 132 8

Buchanan Elementary School

  • Education Level: Primary
  • # of students: 998
  • # of teachers: 37
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
 

$557,910$681,890$619,900

PURCHASE PRICE

$2,358$2,882$2,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,620
EXPENSES Loan Payment -$2,153
Property Tax -$761
Property Insurance -$93
Property Management Fees -$155
CASH FLOW
-$542

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.

$619,900

PROJECTED PRICE

$2,620

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 4.9%
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-$10k-$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$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$170,024

INVESTMENT

$170,024

Down Payment
$154,975
Rehab Estimate
$5,750
Closing Costs
$9,299

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,153

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $154,975
Loan Amount $464,925
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$3,983

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,620

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $2,620

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$2,560
1$2,5602$2,6003$2,6004$2,6205$2,650
$2,650
RENT COMPS ANALYSIS
  • 40259 Cambridge Street Murrieta, CA 4
    • 5 beds 3 baths ∙ 2,736 Sqft ∙ Built 2001 5 beds 3 baths ∙ 2,736 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $2,620
    • $0.96
    •  
  • 26120 Palmetto Street Murrieta, CA 1
    • 5 beds 2 baths ∙ 2,591 Sqft ∙ Built 2000 5 beds 2 baths ∙ 2,591 Sqft ∙ Built 2000
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,560
    • $0.99
    •  
  • 26328 Palisades Drive Murrieta, CA 2
    • 5 beds 4 baths ∙ 2,671 Sqft ∙ Built 2002 5 beds 4 baths ∙ 2,671 Sqft ∙ Built 2002
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.97
    •  
  • 40067 Jonah Way Murrieta, CA 3
    • 5 beds 3 baths ∙ 2,929 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,929 Sqft ∙ Built 2005
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.89
    •  
  • 26781 Queen Court Murrieta, CA 5
    • 5 beds 3 baths ∙ 2,701 Sqft ∙ Built 2002 5 beds 3 baths ∙ 2,701 Sqft ∙ Built 2002
    LEASED 10/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.98
    •  
PROPERTY LISTING DETAILS
Marcel Hensley
Kw Temecula
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW21004016
Last Updated: 01/09/2021
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