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1049 Straightaway Ct Oceanside, CA 92057

4 Beds 4 Baths 3,356 sqft Built 2006

$894,900

List Price

$3,340

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $266.66
  • 4 Days on Market
  • MLS # : 210004317
  • Updated Date : 02/20/2021 at 20:29
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,356 sqft
  • Baths : 3 full , 1 half
Listing Agent

One Percent Listing Group, Inc

Listing Agent's Description

BEAUTIFUL UPGRADED HOME ON ENORMOUS 11,100 SQFT LOT LOCATED AT THE END OF THE CUL-DE-SAC WITH PANORAMIC VIEWS!! This home checks all the boxes & is loaded with great features: full size 3 car garage, bonus room downstairs (possible 5th bedroom or office, currently being used as a game room), large gourmet kitchen w/ island, granite countertops, backsplash, & walk in pantry. 4 bedrooms upstairs including a spacious master suite w/ retreat & balcony. Backs to canyon and open space. NO MELLO ROOS. See below

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 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: North Valley

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550kPrice in $205k594k

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

Neighborhood: North Valley

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21600180020002200240026002800Rent in $14082885

* 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
Bonsall West Elementary School Primary Regular 559 8
Norm Sullivan Middle School Middle Regular 579 7
Bonsall High School High Regular 63 6 3

Bonsall West Elementary School

  • Education Level: Primary
  • # of students: 559
  • # of teachers:
8
GreatSchools Rating

Norm Sullivan Middle School

  • Education Level: Middle
  • # of students: 579
  • # of teachers:
7
GreatSchools Rating

Bonsall High School

  • Education Level: High
  • # of students: 63
  • # of teachers: 6
3
GreatSchools Rating
 

$805,410$984,390$894,900

PURCHASE PRICE

$3,006$3,674$3,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,340
EXPENSES Loan Payment -$3,108
Property Tax -$809
Property Insurance -$112
HOA -$90
Property Management Fees -$129
CASH FLOW
-$908

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.

$894,900

PROJECTED PRICE

$3,340

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 6.8%
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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$242,899

INVESTMENT

$242,899

Down Payment
$223,725
Rehab Estimate
$5,750
Closing Costs
$13,424

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,108

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $223,725
Loan Amount $671,175
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$9,199

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
  • $3,356

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,2503$3,2754$3,400
$3,400
RENT COMPS ANALYSIS
  • 1049 Straightaway Ct Oceanside, CA 1
    • 4 beds 4 baths ∙ 3,356 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,356 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1156 Bellingham Dr Oceanside, CA 2
    • 5 beds 3 baths ∙ 3,110 Sqft ∙ Built 2014 5 beds 3 baths ∙ 3,110 Sqft ∙ Built 2014
    LEASED 03/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.05
    •  
  • 1208 Players Dr Oceanside, CA 3
    • 4 beds 4 baths ∙ 3,203 Sqft ∙ Built 2008 4 beds 4 baths ∙ 3,203 Sqft ∙ Built 2008
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,275
    • $1.02
    •  
  • 5294 Willow Walk Road Oceanside, CA 4
    • 4 beds 4 baths ∙ 3,642 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,642 Sqft ∙ Built 2005
    LEASED 11/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $0.93
    •  
PROPERTY LISTING DETAILS
Lj Woodard
1.619.794.9966
One Percent Listing Group, Inc
1.866.250.5610
San Diego MLS ( SDMLS)
MLS #: 210004317
Last Updated: 02/20/2021
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