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10718 Valle Vista Rd Lakeside, CA 92040

3 Beds 2 Baths 1,728 sqft Built 1959

$699,000

List Price

$3,030

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1959
  • Price/Sqft : $404.51
  • 3 Days on Market
  • MLS # : 200053796
  • Updated Date : 12/11/2020 at 20:50
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,728 sqft
  • Baths : 2 full
Listing Agent

Big Block Realty, Inc.

Listing Agent's Description

Welcome home to Eucalyptus Hills! Open & bright home. Large inviting foyer opens to the formal living room, beautiful gas fireplace and views from all south-facing rooms. Large kitchen with stainless steel appliances, Awesome views, New cabinets wood like flooring throughout living areas and carpet in the bedrooms. Large family room with fireplace, more beautiful views, large master suite with huge bathroom and dual sinks Large lot with a barn, bring your horse...swimming pool views forever.

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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]

PRICE & RENT TRENDS

Neighborhood: Eucalyptus Hills

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550kPrice in $215k594k

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

Neighborhood: Eucalyptus Hills

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q215001600170018001900200021002200230024002500260027002800Rent in $14502885

* 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
Lakeside Farms Elementary School Primary Regular 666 25 7
Lakeside Middle School Middle Regular 816 32 7
El Capitan High School High Regular 1,649 72 6

Lakeside Farms Elementary School

  • Education Level: Primary
  • # of students: 666
  • # of teachers: 25
7
GreatSchools Rating

Lakeside Middle School

  • Education Level: Middle
  • # of students: 816
  • # of teachers: 32
7
GreatSchools Rating

El Capitan High School

  • Education Level: High
  • # of students: 1,649
  • # of teachers: 72
6
GreatSchools Rating
 

$629,100$768,900$699,000

PURCHASE PRICE

$2,727$3,333$3,030

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,030
EXPENSES Loan Payment -$2,579
Property Tax -$717
Property Insurance -$71
Property Management Fees -$129
CASH FLOW
-$466

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.

$699,000

PROJECTED PRICE

$3,030

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 3.5%
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$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$25k$30k

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$190,985

INVESTMENT

$190,985

Down Payment
$174,750
Rehab Estimate
$5,750
Closing Costs
$10,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,579

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $174,750
Loan Amount $524,250
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$28,040

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,030

    LIST RENT
  • $1.75

    LIST RENT PER SQFT
  • $3,110

    COMP ESTIMATED VALUE
  • $1.8

    COMP AVG. RENT PER SQFT
Comps Range
$2,995
1$2,9952$3,030
$3,030
RENT COMPS ANALYSIS
  • 10718 Valle Vista Rd Lakeside, CA 2
    • 3 beds 2 baths ∙ 1,728 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,728 Sqft ∙ Built 1959
    • Rent
    • Rent Per SQFT
    •  
    • $3,030
    • $1.75
    •  
  • 10326 Escadera Drive Lakeside, CA 1
    • 4 beds 2 baths ∙ 1,665 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,665 Sqft ∙ Built 1972
    LEASED 03/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.80
    •  
PROPERTY LISTING DETAILS
Erick Gydesen
1.858.430.8200
Big Block Realty, Inc.
BESbswy