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40615 La Salle Place Murrieta, CA 92563

4 Beds 3 Baths 2,053 sqft Built 2005

$475,900

List Price

$2,160

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $231.81
  • 4 Days on Market
  • MLS # : SW21039096
  • Updated Date : 02/27/2021 at 19:46
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,053 sqft
  • Baths : 2 full , 1 half
Listing Agent

California Realty Group

Listing Agent's Description

Wow! What a beautiful, ready-to-move-in home in popular Jackson Crossing. This home has been meticulously cared for and comes with an open floorplan with 4 BR and 3BA. Upgraded 18 inch slate tile flooring in kitchen and all bathrooms. Distressed laminate wooden flooring throughout the rest of the downstairs, upgraded carpet in all bedrooms. Built-in cabinets at entertainment center, stainless steel microwave and oven. Plantation shutters at front of home and custom remote controlled blinds for kitchen and family room where you can raise or close the blinds with the touch of a button. Ceiling fans installed throughout the home to keep you cool in the summer time. Raised panel closet doors. Tastefully landscaped front and backyard with plenty of space for entertaining. Block wall on one side with walk-way leading down to pool area which is just across the street. This planned community called Jackson Crossing features community pool, spa, park, trails and RV/trailer storage (extra fee) within the community for residents. Active community with events such as movies in the park and food trucks to promote and encourage community fellowship. Easy access and within walking distance to Murrieta Plaza (across the street) with tons of restaurants, shopping and other entertainment. Close to freeways for commuters as well. A must see before it is gone.

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
 

$428,310$523,490$475,900

PURCHASE PRICE

$1,944$2,376$2,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,160
EXPENSES Loan Payment -$1,653
Property Tax -$510
Property Insurance -$77
HOA -$125
Property Management Fees -$127
CASH FLOW
-$333

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.

$475,900

PROJECTED PRICE

$2,160

PROJECTED RENT

0.45%

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$131,864

INVESTMENT

$131,864

Down Payment
$118,975
Rehab Estimate
$5,750
Closing Costs
$7,139

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,653

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $118,975
Loan Amount $356,925
See What Happens When You Reinvest Cash Flow

1.83

YEARS SAVED

$5,806

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,160

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $2,320

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$2,160
1$2,1602$2,2003$2,3004$2,4005$2,550
$2,550
RENT COMPS ANALYSIS
  • 40615 La Salle Place Murrieta, CA 1
    • 4 beds 3 baths ∙ 2,053 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,053 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,160
    • $1.05
    •  
  • 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
    •  
  • 40033 Calle Real Murrieta, CA 3
    • 3 beds 3 baths ∙ 2,151 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,151 Sqft ∙ Built 2017
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.07
    •  
  • 26298 Jonah Way Murrieta, CA 4
    • 3 beds 3 baths ∙ 2,208 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,208 Sqft ∙ Built 2005
    LEASED 07/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.09
    •  
  • 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
Kimmen Torehov
California Realty Group
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW21039096
Last Updated: 02/27/2021
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