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40347 Calle Real 
Murrieta, CA
92563
3 Beds 3 Baths 1,427 sqft
Built 2016
INVESTimate
$370,000
List Price
$103,800
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PROPERTY INFO
FACTS
- Built In 2016
- Price/Sqft : $259.29
- 13 Days on Market
- MLS # : SW20165256
- Updated Date : 08/24/2020 at 10:45
CONSTRUCTION
- Beds : 3
- Floor Size : 1,427 sqft
- Baths : 2 full , 1 half
Listing Agent
Signature Real Estate Group
Listing Agent's Description
Beautiful 2 story Condo in the Exclusive Arroyo Vista Community, All new paint and carpet throughout the home. All Bedrooms are upstairs with a Large Master Bedroom and Bathroom. 2 additional Bedrooms and a Full Bathroom. The Laundry Room is conveniently located upstairs as well. Kitchen has Granite Countertops and Island and all Stainless Steel Appliances and Cherry Cabinets Wood Cabinets throughout the home. The 2 Car Garage has beautiful epoxy flooring and main level entry into the home. The Condo has a Gated Patio with area to enjoy hot summer days and cool summer nights. The Condo is conveniently located by the 15 and 215 Freeways with easy access to nearby schools and the mall.
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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
Zip Code: 92563
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 92563
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,810 |
| EXPENSES | Loan Payment | -$1,365 |
| Property Tax | -$397 | |
| Property Insurance | -$62 | |
| HOA | -$150 | |
| Property Management Fees | -$107 | |
|
CASH FLOW
-$270
|
||
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.
$370,000
PROJECTED PRICE
$1,810
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.95% |
| Appreciation Year (1-5) | 7.22% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.35% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$103,800
LOAN DETAILS
$1,365
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $92,500 |
| Loan Amount | $277,500 |
1.92
YEARS SAVED
$5,503
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,810
LIST RENT -
$1.27
LIST RENT PER SQFT
-
$1,809
COMP ESTIMATED VALUE -
$1.27
COMP AVG. RENT PER SQFT
Comps Range
-
40347 Calle Real Murrieta, 3
- 3 beds 3 baths ∙ 1,427 Sqft ∙ Built 2016 3 beds 3 baths ∙ 1,427 Sqft ∙ Built 2016
- Rent
- Rent Per SQFT
- $1,810
- $1.27
-
39743 Princeton Way Murrieta, 1
- 3 beds 2 baths ∙ 1,408 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,408 Sqft ∙ Built 2002
LEASED 10/01/19- Rent
- Rent Per SQFT
- $1,700
- $1.21
-
39722 Princeton Way Murrieta, 2
- 3 beds 2 baths ∙ 1,408 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,408 Sqft ∙ Built 2002
LEASED 05/06/20- Rent
- Rent Per SQFT
- $1,800
- $1.28
-
40000 Daphne Drive Murrieta, 4
- 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
-
28683 Bar Harbor Lane Temecula, 5
- 3 beds 3 baths ∙ 1,577 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,577 Sqft ∙ Built 2007
LEASED 04/24/20- Rent
- Rent Per SQFT
- $2,050
- $1.30
PROPERTY LISTING DETAILS
Signature Real Estate Group
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: SW20165256
Last Updated: 08/24/2020
