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10051 Buena Vista Ave 
Santee, CA
92071
3 Beds 2 Baths 1,400 sqft
Built 1961
INVESTimate
$510,000
List Price
$140,900
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PROPERTY INFO
FACTS
- Built In 1961
- Price/Sqft : $364.29
- 3 Days on Market
- MLS # : 200040892
- Updated Date : 08/24/2020 at 15:18
CONSTRUCTION
- Beds : 3
- Floor Size : 1,400 sqft
- Baths : 2 full
Listing Agent
Coldwell Banker West
Listing Agent's Description
Newly updated 3 bedroom 2 bathroom home located in the highly desirable community of Santee near great schools, shopping, entertainment and easy access to the freeway. This majestic property features a huge master bedroom suite, new flooring throughout, recess LED lighting, new air conditioning and furnace, remodeled kitchen and bathrooms, sliding glass closet doors, finished garage, new fencing, rain gutters, new concrete. Over 20 trees on this beautiful corner lot which includes a new irrigation system
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MARKET HIGHLIGHTS
- 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)
- Southern California's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (USMayors.org, 2018)
- 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 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)
- As part of Southern California area, San Diego market inherits all the benefits from the area.
- Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (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]
PRICE & RENT TRENDS
Neighborhood: Santee
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Santee
* 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 | $2,720 |
| EXPENSES | Loan Payment | -$1,882 |
| Property Tax | -$512 | |
| Property Insurance | -$62 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$135
|
||
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.
$510,000
PROJECTED PRICE
$2,720
PROJECTED RENT
0.53%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.42% |
| Appreciation Year (1-5) | 6.01% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 4.80% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$140,900
LOAN DETAILS
$1,882
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $127,500 |
| Loan Amount | $382,500 |
9.08
YEARS SAVED
$73,496
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,720
LIST RENT -
$1.94
LIST RENT PER SQFT
-
$3,220
COMP ESTIMATED VALUE -
$2.3
COMP AVG. RENT PER SQFT
Comps Range
-
10051 Buena Vista Ave Santee, 3
- 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1961
- Rent
- Rent Per SQFT
- $2,720
- $1.94
-
9124 Maranda Drive Santee, 1
- 3 beds 2 baths ∙ 1,107 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,107 Sqft ∙ Built 1978
LEASED 04/15/19- Rent
- Rent Per SQFT
- $2,550
- $2.30
-
8524 Dobyns Dr Santee, 2
- 3 beds 2 baths ∙ 1,122 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,122 Sqft ∙ Built 1960
LEASED 02/06/20- Rent
- Rent Per SQFT
- $2,575
- $2.30
PROPERTY LISTING DETAILS
1.619.929.6558
Coldwell Banker West
