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12075 Calle Naranja El Cajon, CA 92019

4 Beds 3 Baths 1,728 sqft Built 1988

INVESTimate

$625,000

List Price

$2,910

$2,660 - $3,160

Rent Est.

$658,063  ( +5.29%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1988
  • Price/Sqft : $361.69
  • 8 Days on Market
  • MLS # : 200040403
  • Updated Date : 08/26/2020 at 02:49
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,728 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty Executives Dillon

Listing Agent's Description

This Beautiful home is located on a corner lot in the heart of Rancho San Diego. Newly built outdoor kitchen which creates an amazing environment for patio dining! In addition, A very spacious living room and dining room which is great for family gatherings. Stainless appliances and granite counters. Open plan living area downstairs. This homes location is perfectly located to all schools from kindergarten to college, shopping and restaurants! This home is a must see!

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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: 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
 

$562,500$687,500$625,000

PURCHASE PRICE

$2,619$3,201$2,910

RENT

DOWN PAYMENT
FINANCING

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

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,910
EXPENSES Loan Payment -$2,306
Property Tax -$717
Property Insurance -$71
Property Management Fees -$129
CASH FLOW
-$312

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.

$625,000

PROJECTED PRICE

$2,910

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 5.29%
Maintenance Year (1-5) 8.00%
Vacancy 5.56%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$171,375

INVESTMENT

$171,375

Down Payment
$156,250
Rehab Estimate
$5,750
Closing Costs
$9,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,306

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $156,250
Loan Amount $468,750
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$31,796

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,910

    LIST RENT
  • $1.68

    LIST RENT PER SQFT
  • $2,972

    COMP ESTIMATED VALUE
  • $1.72

    COMP AVG. RENT PER SQFT
Comps Range
$2,910
1$2,9102$3,195
$3,195
RENT COMPS ANALYSIS
  • 12075 Calle Naranja El Cajon, 1
    • 4 beds 3 baths ∙ 1,728 Sqft ∙ Built 1988 4 beds 3 baths ∙ 1,728 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $2,910
    • $1.68
    •  
  • 3705 Avenida Johanna La Mesa, 2
    • 4 beds 3 baths ∙ 1,856 Sqft ∙ Built 1979 4 beds 3 baths ∙ 1,856 Sqft ∙ Built 1979
    LEASED 05/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,195
    • $1.72
    •  
PROPERTY LISTING DETAILS
Ryan Stephens
1.619.415.5053
Realty Executives Dillon
BESbswy