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40362 Rosewood Street Murrieta, CA 92563

4 Beds 3 Baths 2,531 sqft Built 2001

$620,000

List Price

$2,510

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $244.96
  • 5 Days on Market
  • MLS # : SW21044007
  • Updated Date : 03/06/2021 at 12:11
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,531 sqft
  • Baths : 2 full , 1 half
Listing Agent

Kw Temecula

Listing Agent's Description

Stunning Vintage Reserve Pool home loaded with upgrades! This amazing home is 2531 sf w/ 3 car garage & set on a large 7841 sf lot. Just some of the features include gorgeous wood laminate flooring with upgraded baseboards, cased doors & plantation shutters. Gourmet kitchen complete with quartz countertop & island with 10-inch quartz backsplash and stainless-steel appliances including a five-burner stove. Stacked stone fireplace in the family room with high vaulted ceilings & custom entertainment center and built-in desk/serving area. Picture windows with French doors that lead to the beautiful backyard. Downstairs bathroom has granite counters & brushed nickel fixtures. Oil rubbed bronze door hardware throughout, along with upgraded fixtures and lighting in most rooms. Wood ship-lap accents the spacious master bedroom, and the master bathroom is very luxurious with upgraded counters, built-ins and oil rubbed bronze fixtures--a perfect place to start your day. Your own vacation getaway in the impressive backyard with sparkling pool and spa and stacked stone bond beam. Patio cover, mature, lush plantings & flagstone accent complete this special space. House has 24 panel solar system. This special find is located in a great community with no HOA's. Centrally located, minutes to schools, parks, shops and restaurants & easy access to the 15 & 215 freeway. Immaculate home that has been well taken care of & loved by the original owner and ready for new memories with new owners!

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

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
 

$558,000$682,000$620,000

PURCHASE PRICE

$2,259$2,761$2,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,510
EXPENSES Loan Payment -$2,153
Property Tax -$749
Property Insurance -$88
Property Management Fees -$148
CASH FLOW
-$629

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.

$620,000

PROJECTED PRICE

$2,510

PROJECTED RENT

0.40%

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$170,050

INVESTMENT

$170,050

Down Payment
$155,000
Rehab Estimate
$5,750
Closing Costs
$9,300

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 $155,000
Loan Amount $465,000
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,742

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,510

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $2,569

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$2,510
1$2,5102$2,5603$2,6504$2,8005$2,800
$2,800
RENT COMPS ANALYSIS
  • 40362 Rosewood Street Murrieta, CA 1
    • 4 beds 3 baths ∙ 2,531 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,531 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $2,510
    • $0.99
    •  
  • 26120 Palmetto Street Murrieta, CA 2
    • 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
    •  
  • 26781 Queen Court Murrieta, CA 3
    • 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
    •  
  • 26353 Palisades Drive Murrieta, CA 4
    • 5 beds 4 baths ∙ 2,671 Sqft ∙ Built 2002 5 beds 4 baths ∙ 2,671 Sqft ∙ Built 2002
    LEASED 02/16/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.05
    •  
  • 26349 Collier Union Drive Murrieta, CA 5
    • 5 beds 3 baths ∙ 2,680 Sqft ∙ Built 2002 5 beds 3 baths ∙ 2,680 Sqft ∙ Built 2002
    LEASED 02/26/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.04
    •  
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 #: SW21044007
Last Updated: 03/06/2021
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