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1153 Parkview Oceanside, CA 92057

6 Beds 5 Baths 3,533 sqft Built 2007

$850,000

List Price

$3,560

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $240.59
  • 12 Days on Market
  • MLS # : 200054529
  • Updated Date : 12/31/2020 at 21:17
CONSTRUCTION
  • Beds : 6
  • Floor Size : 3,533 sqft
  • Baths : 5 full
Listing Agent

First Team Real Estate

Listing Agent's Description

PAID SOLAR! VIEWS! DOWNSTAIRS BEDROOM! This beautiful 3,533 sqft home boasts 6 bedrooms and 5 bathrooms. Welcome friends and family in your formal living room. The gourmet kitchen offers a large island, granite countertops, stainless steel appliances, and plenty of cabinet space. Enjoy entertaining? The butler's pantry with a second sink is perfect for entertaining in the formal dining room. The kitchen opens to a large family room with a fireplace. (See Supplemental Remarks)

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
 

$765,000$935,000$850,000

PURCHASE PRICE

$3,204$3,916$3,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,560
EXPENSES Loan Payment -$3,136
Property Tax -$768
Property Insurance -$116
HOA -$117
Property Management Fees -$129
CASH FLOW
-$706

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.

$850,000

PROJECTED PRICE

$3,560

PROJECTED RENT

0.42%

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-$10k$0.0$10k$20k$30k

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$231,000

INVESTMENT

$231,000

Down Payment
$212,500
Rehab Estimate
$5,750
Closing Costs
$12,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,136

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $212,500
Loan Amount $637,500
See What Happens When You Reinvest Cash Flow

3

YEARS SAVED

$23,143

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
  • $3,533

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,850
$3,850
RENT COMPS ANALYSIS
  • 1153 Parkview Oceanside, CA 1
    • 6 beds 5 baths ∙ 3,533 Sqft ∙ Built 2007 6 beds 5 baths ∙ 3,533 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1097 Meridian Ct Oceanside, CA 2
    • 6 beds 5 baths ∙ 3,840 Sqft ∙ Built 2005 6 beds 5 baths ∙ 3,840 Sqft ∙ Built 2005
    LEASED 03/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,850
    • $1.00
    •  
PROPERTY LISTING DETAILS
Doug West
1.760.710.7345
First Team Real Estate
BESbswy