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106 Willowbrook Way Santee, CA 92071

3 Beds 3 Baths 1,568 sqft Built 1994

$689,000

List Price

$2,620

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $439.41
  • 3 Days on Market
  • MLS # : 200054256
  • Updated Date : 12/18/2020 at 20:55
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,568 sqft
  • Baths : 2 full , 1 half
Listing Agent

Redfin Corporation

Listing Agent's Description

Beautifully updated and located on a corner lot, this split-level house shows like a model home. Featuring an open floor plan, recessed lighting, ceiling fans, carpet in all bedrooms, and Harwood laminate flooring throughout most of the home. On the main floor is a spacious living and dining area with a cozy fireplace, kitchen with bar seating and sliding doors that lead out to a balcony for indoor/ outdoor living, and a large primary bedroom with ensuite.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Santee

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550kPrice in $205k594k

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

Neighborhood: Santee

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q215001600170018001900200021002200230024002500260027002800Rent in $14702885

* 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
Carlton Hills Elementary School Primary Regular 566 23 7
Carlton Hills Elementary School Middle Regular 566 23 7
West Hills High School High Regular 1,958 73 8

Carlton Hills Elementary School

  • Education Level: Primary
  • # of students: 566
  • # of teachers: 23
7
GreatSchools Rating

Carlton Hills Elementary School

  • Education Level: Middle
  • # of students: 566
  • # of teachers: 23
7
GreatSchools Rating

West Hills High School

  • Education Level: High
  • # of students: 1,958
  • # of teachers: 73
8
GreatSchools Rating
 

$620,100$757,900$689,000

PURCHASE PRICE

$2,358$2,882$2,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,620
EXPENSES Loan Payment -$2,542
Property Tax -$706
Property Insurance -$67
HOA -$54
Property Management Fees -$129
CASH FLOW
-$878

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.

$689,000

PROJECTED PRICE

$2,620

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 6.0%
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-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

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$188,335

INVESTMENT

$188,335

Down Payment
$172,250
Rehab Estimate
$5,750
Closing Costs
$10,335

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,542

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $172,250
Loan Amount $516,750
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$3,932

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,620

    LIST RENT
  • $1.67

    LIST RENT PER SQFT
  • $2,472

    COMP ESTIMATED VALUE
  • $1.58

    COMP AVG. RENT PER SQFT
Comps Range
$2,620
1$2,6202$2,7503$2,9004$2,925
$2,925
RENT COMPS ANALYSIS
  • 106 Willowbrook Way Santee, CA 1
    • 3 beds 3 baths ∙ 1,568 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,568 Sqft ∙ Built 1994
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,620
    • $1.67
    •  
  • 9504 Paseo De Los Castillos Santee, CA 2
    • 3 beds 2 baths ∙ 1,757 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,757 Sqft ∙ Built 2006
    property image
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.57
    •  
  • 10147 Star Magnolia Santee, CA 3
    • 4 beds 4 baths ∙ 1,869 Sqft ∙ Built 2010 4 beds 4 baths ∙ 1,869 Sqft ∙ Built 2010
    property image
    LEASED 10/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.55
    •  
  • 10012 Merry Brooke Trail Santee, CA 4
    • 3 beds 3 baths ∙ 1,818 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,818 Sqft ∙ Built 2007
    property image
    LEASED 01/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,925
    • $1.61
    •  
PROPERTY LISTING DETAILS
Charles Wheeler
1.267.242.7565
Redfin Corporation
BESbswy