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

41145 Chaco Canyon Road Murrieta, CA 92562

4 Beds 2 Baths 2,415 sqft Built 1998

$559,500

List Price

$2,390

$2.2K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $231.68
  • 9 Days on Market
  • MLS # : SW21044721
  • Updated Date : 03/12/2021 at 08:46
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,415 sqft
  • Baths : 2 full
Listing Agent

Biggs Real Estate Professional

Listing Agent's Description

BEAUTIFUL 4BD, 2BA Murrieta Home with an UPSTAIRS LOFT & a SPARKLING POOL & SPA. NO HOA and LOW TAXES and no neighbors immediately behind. When you enter you notice the tall ceilings and bright, open space as you walk into the Living/Dining Room which is currently being used as a Game area. All of the Bedrooms are Downstairs to the right and there is a single stairway leading to the 2nd floor LOFT. The Master BD has a private BA with double sinks, a sunken tub and stand-up shower and plenty of closet space. The 3 other Bedrooms share a Guest BA with a tub-in-shower. The Laundry Room is indoors w/a utility sink and acts as a passthrough to the 3-Car-Garage. Over $50k+ in upgrades were completed including: Hot Water Heater, HVAC, Beautiful LVP floors, Fresh Interior/Exterior Paint, New Carpet, New Toilets, Window treatments, Ceiling fans & Canned lights, a TOTAL KITCHEN REMODEL with white Quartz Countertops, New cabinets and fixtures, New faucets, a Center Island with a Black Granite Sink and New Stainless Steel Appliances. The KITCHEN-TO-FAMILY Room is the heart of the home, with a warm stone covered Fireplace, perfect for hanging out. Outdoors the upgrades continue with a covered patio, Turf Landscaping, New Pool/Spa heater, Pool fence, Outdoor Lighting, Audio Wiring, New fence (1 side) & BBQ pavers. RING Doorbell is incl along w/ SMART HOME app controlled Thermostat & Garage Entry. The Solar lease is with TESLA/Solar City. Close to Shopping, Restaurants, Movies & I-15 FWY.

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
E. Hale Curran School Primary Regular 513 20 7
Shivela Middle School Middle Regular 1,443 52 8
Murrieta Mesa High School High Regular 2,198 85 8

E. Hale Curran School

  • Education Level: Primary
  • # of students: 513
  • # of teachers: 20
7
GreatSchools Rating

Shivela Middle School

  • Education Level: Middle
  • # of students: 1,443
  • # of teachers: 52
8
GreatSchools Rating

Murrieta Mesa High School

  • Education Level: High
  • # of students: 2,198
  • # of teachers: 85
8
GreatSchools Rating
 

$503,550$615,450$559,500

PURCHASE PRICE

$2,151$2,629$2,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,390
EXPENSES Loan Payment -$1,943
Property Tax -$639
Property Insurance -$86
Property Management Fees -$141
CASH FLOW
-$419

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.

$559,500

PROJECTED PRICE

$2,390

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 7.0%
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$154,018

INVESTMENT

$154,018

Down Payment
$139,875
Rehab Estimate
$5,750
Closing Costs
$8,393

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,943

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $139,875
Loan Amount $419,625
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$6,291

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,390

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $2,518

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$2,390
1$2,3902$2,4003$2,4004$2,5005$2,600
$2,600
RENT COMPS ANALYSIS
  • 41145 Chaco Canyon Road Murrieta, CA 1
    • 4 beds 2 baths ∙ 2,415 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,415 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $2,390
    • $0.99
    •  
  • 40972 Lacroix Avenue Murrieta, CA 2
    • 4 beds 4 baths ∙ 2,292 Sqft ∙ Built 2015 4 beds 4 baths ∙ 2,292 Sqft ∙ Built 2015
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.05
    •  
  • 24077 Orleans Lane Murrieta, CA 3
    • 4 beds 3 baths ∙ 2,470 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,470 Sqft ∙ Built 1998
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.97
    •  
  • 41456 Grand View Drive Murrieta, CA 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, CA 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
Julia Biggs
Biggs Real Estate Professional
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW21044721
Last Updated: 03/12/2021
BESbswy