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41498 Saria Court Murrieta, CA 92562

5 Beds 3 Baths 2,626 sqft Built 1994

$599,900

List Price

$2,580

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $228.45
  • 4 Days on Market
  • MLS # : SW21002728
  • Updated Date : 01/07/2021 at 15:44
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,626 sqft
  • Baths : 3 full
Listing Agent

The Community Group Inc

Listing Agent's Description

***VERY RARE AFFORDABLE 5 BEDROOM 3 BATH POOL HOME WITH GATED RV PARKING ON A CUL-DE-SAC IN DESIRABLE WEST MURRIETA!***DOWNSTAIRS BEDROOM AND BATH!!***PAID OFF SOLAR!!***Be In One of The Safest Cities in the Nation with Award Winning Schools!***Very Low Taxes and No HOA!!***Gather in this Turnkey Entertainer's Backyard Complete with Sparkling Heated Pool/Spa with Waterfalls, Shallow-End Baja Shelf, Massive Stamped Concrete Sunbathing Deck, Custom Fire Pit, Gated RV Parking and Low Maintenance Landscape! Towering Two-Story Vaulted Ceilings Greet You As You Enter the Formal Living and Dining Rooms. Nicely Tucked at the Back is the Modern Kitchen that Opens to a Large Eating Area and Separate Spacious Family Room with Fireplace. The Beautifully Remodeled Kitchen Includes New Soft-Close Dark Wood Cabinet Doors and Drawers - Pantry - Granite Counters and a HUGE Serve-Thru Breakfast Bar that Seats 5! Nearby Find the Downstairs Bedroom, Full Bath and Indoor Laundry Room! Upstairs are 4 More Bedrooms and 2 Full Baths including the Master Suite with Cathedral Ceilings/Retreat - Master Bath with Dual Sinks - Large Soaking Tub - Stand Alone Shower - Big Walk-in Closet and Privacy Toilet Room! Other Notables Include: 3 Remodeled Bathrooms, Oversized Upstairs Bedroom w/Cathedral Ceilings, Under-Stair Storage Closet, Window Blinds, Ceiling Fans, Recessed Lighting, 3-Car Garage w/Auto Door/Shelving, NEW Lenox HVAC, Raised Garden Beds, 2nd Front Parking Pad and BONUS Front Grass Play Area!!

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
Murrieta Elementary School Primary Regular 830 29 7
Thompson Middle School Middle Regular 1,665 56 6
Murrieta Valley High School High Regular 2,440 93 8

Murrieta Elementary School

  • Education Level: Primary
  • # of students: 830
  • # of teachers: 29
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
 

$539,910$659,890$599,900

PURCHASE PRICE

$2,322$2,838$2,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,580
EXPENSES Loan Payment -$2,084
Property Tax -$669
Property Insurance -$91
Property Management Fees -$152
CASH FLOW
-$416

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.

$599,900

PROJECTED PRICE

$2,580

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$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$164,724

INVESTMENT

$164,724

Down Payment
$149,975
Rehab Estimate
$5,750
Closing Costs
$8,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,084

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $149,975
Loan Amount $449,925
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$8,225

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,580

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $2,626

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,5003$2,5004$2,5805$2,650
$2,650
RENT COMPS ANALYSIS
  • 41498 Saria Court Murrieta, CA 4
    • 5 beds 3 baths ∙ 2,626 Sqft ∙ Built 1994 5 beds 3 baths ∙ 2,626 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $2,580
    • $0.98
    •  
  • 24077 Orleans Lane Murrieta, CA 1
    • 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 2
    • 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
    •  
  • 23443 Mountain Breeze Drive Murrieta, CA 3
    • 5 beds 2 baths ∙ 2,500 Sqft ∙ Built 1999 5 beds 2 baths ∙ 2,500 Sqft ∙ Built 1999
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.00
    •  
  • 23897 Constantine Drive Murrieta, CA 5
    • 5 beds 3 baths ∙ 2,626 Sqft ∙ Built 1990 5 beds 3 baths ∙ 2,626 Sqft ∙ Built 1990
    LEASED 12/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.01
    •  
PROPERTY LISTING DETAILS
David Robinson
The Community Group Inc
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW21002728
Last Updated: 01/07/2021
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