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1029 Deerhaven Dr Vista, CA 92084

3 Beds 2 Baths 1,487 sqft Built 1979

$649,900

List Price

$2,560

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $437.05
  • 4 Days on Market
  • MLS # : 210004949
  • Updated Date : 02/27/2021 at 18:42
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,487 sqft
  • Baths : 2 full
Listing Agent

First Team Real Estate

Listing Agent's Description

Beautifully updated 3 bedroom 2 bathroom home in the heart of Vista. This home offers new paint and laminate flooring in the kitchen, living room, dining room and hallways; new carpeted bedrooms. Updated bathrooms with custom design, new kitchen cabinets, quartz countertops, and new stainless steel appliances. Large lot with fruit trees and RV/boat parking. Walking distance to Brengle Terrace Park. Close to shops and restaurants. Must see! Title records show different square footage.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Neighborhood: Vista

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550kPrice in $187k594k

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

Neighborhood: Vista

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q214001600180020002200240026002800Rent in $13382885

* 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
Beaumont Elementary School Primary Regular 510 20 3
Rancho Minerva Middle School Middle Regular 835 43 2
Vista High School High Regular 2,567 121 6

Beaumont Elementary School

  • Education Level: Primary
  • # of students: 510
  • # of teachers: 20
3
GreatSchools Rating

Rancho Minerva Middle School

  • Education Level: Middle
  • # of students: 835
  • # of teachers: 43
2
GreatSchools Rating

Vista High School

  • Education Level: High
  • # of students: 2,567
  • # of teachers: 121
6
GreatSchools Rating
 

$584,910$714,890$649,900

PURCHASE PRICE

$2,304$2,816$2,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,560
EXPENSES Loan Payment -$2,257
Property Tax -$697
Property Insurance -$65
Property Management Fees -$129
CASH FLOW
-$588

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$649,900

PROJECTED PRICE

$2,560

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.15%
Appreciation Year (1-5) 6.4%
Maintenance Year (1-5) 8.00%
Vacancy 4.16%
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$20k

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$177,974

INVESTMENT

$177,974

Down Payment
$162,475
Rehab Estimate
$5,750
Closing Costs
$9,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,257

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $162,475
Loan Amount $487,425
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$9,787

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,560

    LIST RENT
  • $1.72

    LIST RENT PER SQFT
  • $2,766

    COMP ESTIMATED VALUE
  • $1.86

    COMP AVG. RENT PER SQFT
Comps Range
$2,450
1$2,4502$2,5603$2,695
$2,695
RENT COMPS ANALYSIS
  • 1029 Deerhaven Dr Vista, CA 2
    • 3 beds 2 baths ∙ 1,487 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,487 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $2,560
    • $1.72
    •  
  • 959 Marlin Vista, CA 1
    • 3 beds 2 baths ∙ 1,322 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,322 Sqft ∙ Built 1979
    LEASED 10/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.85
    •  
  • 1137 Cochise Ct Vista, CA 3
    • 4 beds 3 baths ∙ 1,441 Sqft ∙ Built 1998 4 beds 3 baths ∙ 1,441 Sqft ∙ Built 1998
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $1.87
    •  
PROPERTY LISTING DETAILS
Judi Reimer
1.310.948.5755
First Team Real Estate
1.866.250.5610
San Diego MLS ( SDMLS)
MLS #: 210004949
Last Updated: 02/27/2021
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