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

1032 Calma Drive Chula Vista, CA 91910

4 Beds 3 Baths 2,293 sqft Built 1979

$735,000

List Price

$3,070

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $320.54
  • 3 Days on Market
  • MLS # : 210003213
  • Updated Date : 02/06/2021 at 23:02
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,293 sqft
  • Baths : 3 full
Listing Agent

Ten X Realty

Listing Agent's Description

Spacious home with opportunity to add your personal touch ! Fantastic location on a cul de sac street and no neighbor behind. Great floor plan with Large Master and walk in closet and Full Bath Downstairs. 2 Fireplaces. Updates include new Water Heater, Central AC, Double pane windows, Plantation Shutters, Silestone counters in Kitchen and Bamboo flooring. Large backyard to relax. Lemon and Tangerine Trees. Minutes from 805 and Canyon Shopping Mall down the street for convenience shopping and restaurants.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: East Chula Vista

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $236k746k

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

Neighborhood: East Chula Vista

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q2160018002000220024002600280030003200Rent in $15373384

* 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
Rancho Del Rey Middle School Middle Regular 1,628 63 7
Otay Ranch High School High Regular 2,640 93 8

Rancho Del Rey Middle School

  • Education Level: Middle
  • # of students: 1,628
  • # of teachers: 63
7
GreatSchools Rating

Otay Ranch High School

  • Education Level: High
  • # of students: 2,640
  • # of teachers: 93
8
GreatSchools Rating
 

$661,500$808,500$735,000

PURCHASE PRICE

$2,763$3,377$3,070

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,070
EXPENSES Loan Payment -$2,553
Property Tax -$719
Property Insurance -$85
Property Management Fees -$129
CASH FLOW
-$415

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$735,000

PROJECTED PRICE

$3,070

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 5.9%
Maintenance Year (1-5) 8.00%
Vacancy 5.56%
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-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

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$200,525

INVESTMENT

$200,525

Down Payment
$183,750
Rehab Estimate
$5,750
Closing Costs
$11,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,553

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $183,750
Loan Amount $551,250
See What Happens When You Reinvest Cash Flow

3.75

YEARS SAVED

$25,478

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $3,195

    COMP ESTIMATED VALUE
  • $1.39

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,7003$3,0004$3,300
$3,300
RENT COMPS ANALYSIS
  • 1032 Calma Drive Chula Vista, CA 1
    • 4 beds 3 baths ∙ 2,293 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,293 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 431 Sparrow Chula Vista, CA 2
    • 4 beds 2 baths ∙ 2,014 Sqft ∙ Built 1978 4 beds 2 baths ∙ 2,014 Sqft ∙ Built 1978
    LEASED 01/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.34
    •  
  • 207 E J St Chula Vista, CA 3
    • 3 beds 2 baths ∙ 2,100 Sqft ∙ Built 1964 3 beds 2 baths ∙ 2,100 Sqft ∙ Built 1964
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.43
    •  
  • 1136 Cloudwalk Canyon Dr. Chula Vista, CA 4
    • 4 beds 3 baths ∙ 2,337 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,337 Sqft ∙ Built 1989
    LEASED 08/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.41
    •  
PROPERTY LISTING DETAILS
Dania Macias
1.858.213.7909
Ten X Realty
BESbswy