Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
40979 Bouvier Court 
Murrieta, CA
92562
4 Beds 2 Baths 2,274 sqft
Built 2002
INVESTimate
$474,900
List Price
$131,599
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Built In 2002
- Price/Sqft : $208.84
- 8 Days on Market
- MLS # : SW20163723
- Updated Date : 08/20/2020 at 19:43
CONSTRUCTION
- Beds : 4
- Floor Size : 2,274 sqft
- Baths : 2 full
Listing Agent
Canterberry Sales
Listing Agent's Description
Hard to find 4 bedroom, 2 bath single story with NO HOA LOW TAXES. Located in a highly desirable neighborhood close to Tovashal Elementary, Thompson Middle and Murrieta Valley HS. This beautiful semi custom built home by MBK shows pride of ownership. Large living and dining room from the front entry. Open floor plan with an upgraded large kitchen, granite counters, double washer, stainless steel appliances and well designed pantry. Expansive 4 foot wide granite center eat at island is perfect to gather around. Just off the family room is an 8x7 alcove perfect for office, library or play center. Family room has custom built in entertainment center surrounding the gas fireplace. A separate laundry room (that you DON'T have to walk through to get to the 3 car garage) has lots of storage, large built in hamper, extra deep porcelain sink with a folding counter. Wide central hallway. Ceiling fans throughout the house, whole house fan, and a large linen closet. Master bath has water closets, large jetted soaker tub and separate shower. The 9x11master closet is located off the bath with extra built in shelves, 9 foot ceilings and additional storage. Apple, Orange, Nectarine, Peach, Kumquat and Apricot trees which provide fruit & shade! 20 foot long covered patio, low maintenance, full automatic sprinklers. Also features a 12 person spa, outdoor kitchen, 12 foot eat at and serving tile counter with beautiful views of the Tuscany hills and Ortega Mountains. See it 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: 92562
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 92562
* 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 | $2,290 |
| EXPENSES | Loan Payment | -$1,752 |
| Property Tax | -$582 | |
| Property Insurance | -$82 | |
| Property Management Fees | -$135 | |
|
CASH FLOW
-$261
|
||
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.
$474,900
PROJECTED PRICE
$2,290
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.95% |
| Appreciation Year (1-5) | 6.99% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.35% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$131,599
LOAN DETAILS
$1,752
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $118,725 |
| Loan Amount | $356,175 |
2.92
YEARS SAVED
$12,977
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,290
LIST RENT -
$1.01
LIST RENT PER SQFT
-
$2,484
COMP ESTIMATED VALUE -
$1.09
COMP AVG. RENT PER SQFT
Comps Range
-
40979 Bouvier Court Murrieta, 1
- 4 beds 2 baths ∙ 2,274 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,274 Sqft ∙ Built 2002
- Rent
- Rent Per SQFT
- $2,290
- $1.01
-
40975 Morning Glory Drive Murrieta, 2
- 3 beds 3 baths ∙ 2,105 Sqft ∙ Built 1989 3 beds 3 baths ∙ 2,105 Sqft ∙ Built 1989
LEASED 07/17/20- Rent
- Rent Per SQFT
- $2,350
- $1.12
-
40918 Bouvier Court Murrieta, 3
- 4 beds 2 baths ∙ 2,274 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,274 Sqft ∙ Built 2002
LEASED 02/07/20- Rent
- Rent Per SQFT
- $2,500
- $1.10
-
41456 Grand View Drive Murrieta, 4
- 4 beds 3 baths ∙ 2,457 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,457 Sqft ∙ Built 2003
LEASED 03/16/20- Rent
- Rent Per SQFT
- $2,500
- $1.02
-
23918 Cadenza Drive Murrieta, 5
- 4 beds 3 baths ∙ 2,300 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,300 Sqft ∙ Built 1994
LEASED 08/08/20- Rent
- Rent Per SQFT
- $2,600
- $1.13
PROPERTY LISTING DETAILS
Canterberry Sales
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: SW20163723
Last Updated: 08/20/2020
