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1174 Calistoga Way San Marcos, CA 92078

4 Beds 3 Baths 2,106 sqft Built 2003

$890,000

List Price

$3,550

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

January 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $422.60
  • 7 Days on Market
  • MLS # : 210001558
  • Updated Date : 01/24/2021 at 01:35
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,106 sqft
  • Baths : 2 full , 1 half
Listing Agent

Compass

Listing Agent's Description

Welcome home to Calistoga in the heart of San Elijo Hills. Located on a corner lot with no neighbors behind or to one side, this home feels incredibly private. It has owned solar, a beautifully upgraded kitchen, stone counters, high end flooring, built-in's, & multiple outdoor living, dining and entertainment areas. Just a short walk to shopping, dining and San Elijo Elementary & Middle Schools, the walkability from this home is extremely convenient. Hiking trails such as Elfin Forest are also close by.

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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: San Elijo Hills

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750k800k850kPrice in $240k871k

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

Neighborhood: San Elijo Hills

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21800200022002400260028003000320034003600380040004200Rent in $16264222

* 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
San Elijo Elementary School Primary Regular 1,460 56 8
San Elijo Middle School Middle Regular 1,850 61 9
San Marcos High School High Regular 2,776 101 9

San Elijo Elementary School

  • Education Level: Primary
  • # of students: 1,460
  • # of teachers: 56
8
GreatSchools Rating

San Elijo Middle School

  • Education Level: Middle
  • # of students: 1,850
  • # of teachers: 61
9
GreatSchools Rating

San Marcos High School

  • Education Level: High
  • # of students: 2,776
  • # of teachers: 101
9
GreatSchools Rating
 

$801,000$979,000$890,000

PURCHASE PRICE

$3,195$3,905$3,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,550
EXPENSES Loan Payment -$3,091
Property Tax -$1,042
Property Insurance -$80
HOA -$80
Property Management Fees -$129
CASH FLOW
-$873

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.

$890,000

PROJECTED PRICE

$3,550

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 7.2%
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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k

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$241,600

INVESTMENT

$241,600

Down Payment
$222,500
Rehab Estimate
$5,750
Closing Costs
$13,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,091

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $222,500
Loan Amount $667,500
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$8,594

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
  • $3,380

    COMP ESTIMATED VALUE
  • $1.61

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,4003$3,550
$3,550
RENT COMPS ANALYSIS
  • 1174 Calistoga Way San Marcos, CA 1
    • 4 beds 3 baths ∙ 2,106 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,106 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1467 Beechtree Rd San Marcos, CA 2
    • 4 beds 3 baths ∙ 2,134 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,134 Sqft ∙ Built 2003
    LEASED 05/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.59
    •  
  • 1722 Kenwood Pl San Marcos, CA 3
    • 3 beds 3 baths ∙ 2,197 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,197 Sqft ∙ Built 2003
    LEASED 06/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,550
    • $1.62
    •  
PROPERTY LISTING DETAILS
Fredy Garcia
1.619.829.6063
Compass
BESbswy