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11647 Via Paloma El Cajon, CA 92019

4 Beds 3 Baths 1,794 sqft Built 1989

$724,000

List Price

$3,100

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

November 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $403.57
  • 4 Days on Market
  • MLS # : 200052644
  • Updated Date : 11/26/2020 at 21:52
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,794 sqft
  • Baths : 2 full , 1 half
Listing Agent

Matulac Realty Group

Listing Agent's Description

Stunning dream home in Rancho San Diego! Located in the cul-de-sac of a family friendly neighborhood. This home underwent a major remodel. New kitchen cabinets and Quartz countertops, new flooring and paint throughout, new appliances, and new bathrooms. Private backyard perfect for entertaining, also features a covered patio, and mature pomegranate and citrus trees. MUST SEE!

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: Rancho San Diego

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $222k746k

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

Neighborhood: Rancho San Diego

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q2160018002000220024002600280030003200Rent in $15343384

* 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
Rancho San Diego Elementary School Primary Regular 588 24 7
Hillsdale Middle School Middle Regular 1,502 59 7
Valhalla High School High Regular 2,129 77 8

Rancho San Diego Elementary School

  • Education Level: Primary
  • # of students: 588
  • # of teachers: 24
7
GreatSchools Rating

Hillsdale Middle School

  • Education Level: Middle
  • # of students: 1,502
  • # of teachers: 59
7
GreatSchools Rating

Valhalla High School

  • Education Level: High
  • # of students: 2,129
  • # of teachers: 77
8
GreatSchools Rating
 

$651,600$796,400$724,000

PURCHASE PRICE

$2,790$3,410$3,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,100
EXPENSES Loan Payment -$2,671
Property Tax -$840
Property Insurance -$72
HOA -$73
Property Management Fees -$129
CASH FLOW
-$686

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.

$724,000

PROJECTED PRICE

$3,100

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 5.3%
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-$10k-$5.0k$0.0$5.0k$10k$15k$20k

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$197,610

INVESTMENT

$197,610

Down Payment
$181,000
Rehab Estimate
$5,750
Closing Costs
$10,860

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,671

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $181,000
Loan Amount $543,000
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$12,426

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,100

    LIST RENT
  • $1.73

    LIST RENT PER SQFT
  • $3,247

    COMP ESTIMATED VALUE
  • $1.81

    COMP AVG. RENT PER SQFT
Comps Range
$3,100
1$3,1002$3,1953$3,300
$3,300
RENT COMPS ANALYSIS
  • 11647 Via Paloma El Cajon, CA 1
    • 4 beds 3 baths ∙ 1,794 Sqft ∙ Built 1989 4 beds 3 baths ∙ 1,794 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.73
    •  
  • 3705 Avenida Johanna La Mesa, CA 2
    • 4 beds 3 baths ∙ 1,856 Sqft ∙ Built 1979 4 beds 3 baths ∙ 1,856 Sqft ∙ Built 1979
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,195
    • $1.72
    •  
  • 1850 Sea Pines Rd El Cajon, CA 3
    • 3 beds 3 baths ∙ 1,734 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,734 Sqft ∙ Built 1987
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.90
    •  
PROPERTY LISTING DETAILS
Kevin Matulac
1.619.253.0636
Matulac Realty Group
BESbswy