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1097 Calle Pilares Chula Vista, CA 91913

4 Beds 3 Baths 2,411 sqft Built 2019

$700,000

List Price

$3,360

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
December 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $290.34
  • 8 Days on Market
  • MLS # : 200054646
  • Updated Date : 01/02/2021 at 00:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,411 sqft
  • Baths : 3 full
Listing Agent

24/7 Realty Inc

Listing Agent's Description

Gorgeous Move in ready home within The Village of Escaya, Newly built home in 2019 this light filled home features a bedroom on the first floor, open concept living, highlighting a great kitchen. This gorgeous community offers resort style amenities, including a clubhouse, exercise room, pool & blocks to community parks, a village center plus a future K-6 School.

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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: Otay Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $236k746k

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

Neighborhood: Otay Ranch

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q2160018002000220024002600280030003200Rent in $15523384

* 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
Anne And William Hendenkamp Elementary School Primary Regular 1,097 43 8
Anne And William Hendenkamp Elementary School Middle Regular 1,097 43 8
Olympian High School High Regular 2,367 83 9

Anne And William Hendenkamp Elementary School

  • Education Level: Primary
  • # of students: 1,097
  • # of teachers: 43
8
GreatSchools Rating

Anne And William Hendenkamp Elementary School

  • Education Level: Middle
  • # of students: 1,097
  • # of teachers: 43
8
GreatSchools Rating

Olympian High School

  • Education Level: High
  • # of students: 2,367
  • # of teachers: 83
9
GreatSchools Rating
 

$630,000$770,000$700,000

PURCHASE PRICE

$3,024$3,696$3,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,360
EXPENSES Loan Payment -$2,583
Property Tax -$728
Property Insurance -$88
HOA -$124
Property Management Fees -$129
CASH FLOW
-$291

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.

$700,000

PROJECTED PRICE

$3,360

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 6.6%
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-$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$187,500

INVESTMENT

$187,500

Down Payment
$175,000
Rehab Estimate
$2,000
Closing Costs
$10,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,583

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $175,000
Loan Amount $525,000
See What Happens When You Reinvest Cash Flow

4.83

YEARS SAVED

$40,522

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
  • $3,629

    COMP ESTIMATED VALUE
  • $1.51

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,4003$3,5004$3,8005$4,195
$4,195
RENT COMPS ANALYSIS
  • 1097 Calle Pilares Chula Vista, CA 1
    • 4 beds 3 baths ∙ 2,411 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,411 Sqft ∙ Built 2019
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5178 Westport View Dr San Diego, CA 2
    • 4 beds 3 baths ∙ 2,159 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,159 Sqft ∙ Built 2005
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.57
    •  
  • 1312 Keck Rd. Chula Vista, CA 3
    • 4 beds 4 baths ∙ 2,594 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,594 Sqft ∙ Built 2018
    property image
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.35
    •  
  • 1782 Webber Way Chula Vista, CA 4
    • 5 beds 3 baths ∙ 2,667 Sqft ∙ Built 2014 5 beds 3 baths ∙ 2,667 Sqft ∙ Built 2014
    property image
    LEASED 06/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.42
    •  
  • 951 Camino Levante Chula Vista, CA 5
    • 4 beds 3 baths ∙ 2,498 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,498 Sqft ∙ Built 2018
    property image
    LEASED 09/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,195
    • $1.68
    •  
PROPERTY LISTING DETAILS
Guillermo Arroyo
1.619.494.7701
24/7 Realty Inc
BESbswy