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41087 Via Cedro Murrieta, CA 92562

3 Beds 2 Baths 1,143 sqft Built 1989

INVESTimate

$374,900

List Price

$1,730

$1,557 - $1,903

Rent Est.

$401,106  ( +6.99%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 1989
  • Price/Sqft : $328.00
  • 5 Days on Market
  • MLS # : 200040704
  • Updated Date : 08/23/2020 at 05:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,143 sqft
  • Baths : 2 full
Listing Agent

Sand & Sea Realty, Inc.

Listing Agent's Description

Amazing stunner home located in the heart of Murrieta, This spacious 3 bedroom 2 bath home will not disappoint. Recently upgraded, this home features an open floor plan with a cozy fireplace in the living room. TONS of cabinets in the kitchen, breakfast bar and so much more. 2 sliding glass doors allow options to access your lush backyard and multiple fruit trees produce fruit year round. An Oversize garage, as well as an oversize access to backyard to store your toys. Well sought area in Murrieta, close to the freeway, shopping, parks and much more! NO HOA!!! No Special Assessments! No Mello Roos!! Buyer to verify all.. Neighborhoods: Murrieta Other Fees: 0 Sewer: Sewer Connected Topography: LL

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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: 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
 

$337,410$412,390$374,900

PURCHASE PRICE

$1,557$1,903$1,730

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,730
EXPENSES Loan Payment -$1,383
Property Tax -$449
Property Insurance -$55
Property Management Fees -$102
CASH FLOW
-$259

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.

$374,900

PROJECTED PRICE

$1,730

PROJECTED RENT

0.46%

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$105,099

INVESTMENT

$105,099

Down Payment
$93,725
Rehab Estimate
$5,750
Closing Costs
$5,624

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,383

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $93,725
Loan Amount $281,175
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$7,007

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,730

    LIST RENT
  • $1.51

    LIST RENT PER SQFT
  • $1,520

    COMP ESTIMATED VALUE
  • $1.33

    COMP AVG. RENT PER SQFT
Comps Range
$1,730
1$1,7302$1,9003$1,975
$1,975
RENT COMPS ANALYSIS
  • 41087 Via Cedro Murrieta, 1
    • 3 beds 2 baths ∙ 1,143 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,143 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $1,730
    • $1.51
    •  
  • 39872 Castile Avenue Murrieta, 2
    • 3 beds 2 baths ∙ 1,452 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,452 Sqft ∙ Built 1988
    LEASED 03/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.31
    •  
  • 23923 Falconer Drive Murrieta, 3
    • 3 beds 3 baths ∙ 1,462 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,462 Sqft ∙ Built 1988
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $1.35
    •  
PROPERTY LISTING DETAILS
Randi Castle
Sand & Sea Realty, Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: 200040704
Last Updated: 08/23/2020
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