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40979 Bouvier Court Murrieta, CA 92562

4 Beds 2 Baths 2,274 sqft Built 2002

INVESTimate

$474,900

List Price

$2,290

$2,061 - $2,519

Rent Est.

$508,096  ( +6.99%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
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

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $149k584k

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

Zip Code: 92562

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
Tovashal Elementary School Primary Regular 738 25 7
Thompson Middle School Middle Regular 1,665 56 6
Murrieta Valley High School High Regular 2,440 93 8

Tovashal Elementary School

  • Education Level: Primary
  • # of students: 738
  • # of teachers: 25
7
GreatSchools Rating

Thompson Middle School

  • Education Level: Middle
  • # of students: 1,665
  • # of teachers: 56
6
GreatSchools Rating

Murrieta Valley High School

  • Education Level: High
  • # of students: 2,440
  • # of teachers: 93
8
GreatSchools Rating
 

$427,410$522,390$474,900

PURCHASE PRICE

$2,061$2,519$2,290

RENT

DOWN PAYMENT
FINANCING

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$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

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

ASSUMPTIONS

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

TOTAL OUT OFPOCKET$131,599

INVESTMENT

$131,599

Down Payment
$118,725
Rehab Estimate
$5,750
Closing Costs
$7,124

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,752

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $118,725
Loan Amount $356,175
See What Happens When You Reinvest Cash Flow

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
$2,290
1$2,2902$2,3503$2,5004$2,5005$2,600
$2,600
RENT COMPS ANALYSIS
  • 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
Denise Canterberry
Canterberry Sales
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW20163723
Last Updated: 08/20/2020
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