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10228 Stone Point Ln Spring Valley, CA 91977

4 Beds 3 Baths 1,667 sqft Built 1990

$600,000

List Price

$2,740

$2.5K - $3K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $359.93
  • 19 Days on Market
  • MLS # : 210000061
  • Updated Date : 01/14/2021 at 17:22
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,667 sqft
  • Baths : 3 full
Listing Agent

Exp Realty Of California Inc.

Listing Agent's Description

Immaculate home in the desirable Stone Point community of Spring Valley! ***Open living area with beautiful vaulted ceilings, fireplace, window seat, and Bose sound system. ***Hardwood flooring, crown molding, and plantation shutters throughout. ***Spacious kitchen with a center island/breakfast bar, granite countertops, and stainless steel appliances. ***Cozy family room off the kitchen with access to the back patio. ***First floor den/media room could easily be converted into... (See Supplement)

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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 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]
  • 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)

PRICE & RENT TRENDS

Neighborhood: Spring Valley

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550kPrice in $201k594k

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

Neighborhood: Spring Valley

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q214001600180020002200240026002800Rent in $13612885

* 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
Loma Elementary School Primary Regular 432 15 4
La Presa Middle School Middle Regular 530 17 4
Monte Vista High School High Regular 1,657 76 7

Loma Elementary School

  • Education Level: Primary
  • # of students: 432
  • # of teachers: 15
4
GreatSchools Rating

La Presa Middle School

  • Education Level: Middle
  • # of students: 530
  • # of teachers: 17
4
GreatSchools Rating

Monte Vista High School

  • Education Level: High
  • # of students: 1,657
  • # of teachers: 76
7
GreatSchools Rating
 

$540,000$660,000$600,000

PURCHASE PRICE

$2,466$3,014$2,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,740
EXPENSES Loan Payment -$2,084
Property Tax -$646
Property Insurance -$69
HOA -$190
Property Management Fees -$129
CASH FLOW
-$378

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.

$600,000

PROJECTED PRICE

$2,740

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 8.5%
Maintenance Year (1-5) 8.00%
Vacancy 4.80%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$164,750

INVESTMENT

$164,750

Down Payment
$150,000
Rehab Estimate
$5,750
Closing Costs
$9,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% 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 $150,000
Loan Amount $450,000
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$18,706

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,740

    LIST RENT
  • $1.64

    LIST RENT PER SQFT
  • $2,912

    COMP ESTIMATED VALUE
  • $1.75

    COMP AVG. RENT PER SQFT
Comps Range
$2,495
1$2,4952$2,7403$2,9004$3,000
$3,000
RENT COMPS ANALYSIS
  • 10228 Stone Point Ln Spring Valley, CA 2
    • 4 beds 3 baths ∙ 1,667 Sqft ∙ Built 1990 4 beds 3 baths ∙ 1,667 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $2,740
    • $1.64
    •  
  • 2390 Bar Bit Rd Spring Valley, CA 1
    • 4 beds 2 baths ∙ 1,445 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,445 Sqft ∙ Built 1974
    LEASED 05/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.73
    •  
  • 10331 Moorpark St Spring Valley, CA 3
    • 4 beds 2 baths ∙ 1,638 Sqft ∙ Built 1980 4 beds 2 baths ∙ 1,638 Sqft ∙ Built 1980
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.77
    •  
  • 10008 Ledgeside St Spring Valley, CA 4
    • 4 beds 2 baths ∙ 1,720 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,720 Sqft ∙ Built 1976
    LEASED 04/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.74
    •  
PROPERTY LISTING DETAILS
Daniel Beer
1.858.755.1999
Exp Realty Of California Inc.
BESbswy