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1236 Wolfs Hill Rd Chula Vista, CA 91913

3 Beds 3 Baths 1,605 sqft Built 2003

$650,000

List Price

$2,650

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $404.98
  • 5 Days on Market
  • MLS # : 210003622
  • Updated Date : 02/13/2021 at 02:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,605 sqft
  • Baths : 2 full , 1 half
Listing Agent

Raul Hector Barcena-salas

Listing Agent's Description

Great opportunity to own your home with a great patio in the highly desirable community of Otay Ranch. Nice Master Bedroom with walk in closet. Excelent Schools, multiple parks near by, walking distance from community pool, close to freeways, shopping, golf, movie theatre and multiple dining options.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Hillsborough

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550kPrice in $223k594k

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

Neighborhood: Hillsborough

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q216001800200022002400260028003000Rent in $15143064

* 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 Del Rey Middle School Middle Regular 1,628 63 7
Olympian High School High Regular 2,367 83 9

Rancho Del Rey Middle School

  • Education Level: Middle
  • # of students: 1,628
  • # of teachers: 63
7
GreatSchools Rating

Olympian High School

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

$585,000$715,000$650,000

PURCHASE PRICE

$2,385$2,915$2,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,650
EXPENSES Loan Payment -$2,258
Property Tax -$772
Property Insurance -$68
HOA -$105
Property Management Fees -$129
CASH FLOW
-$681

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.

$650,000

PROJECTED PRICE

$2,650

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 6.4%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$178,000

INVESTMENT

$178,000

Down Payment
$162,500
Rehab Estimate
$5,750
Closing Costs
$9,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,258

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $162,500
Loan Amount $487,500
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$5,692

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
  • $2,644

    COMP ESTIMATED VALUE
  • $1.65

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,5003$2,5004$2,6505$3,050
$3,050
RENT COMPS ANALYSIS
  • 1236 Wolfs Hill Rd Chula Vista, CA 1
    • 3 beds 3 baths ∙ 1,605 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,605 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1309 Mother Lode Way #3 Chula Vista, CA 2
    • 3 beds 3 baths ∙ 1,586 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,586 Sqft ∙ Built 2005
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.58
    •  
  • 1890 Chambery Pl #2313 Chula Vista, CA 3
    • 3 beds 2 baths ∙ 1,478 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,478 Sqft ∙ Built 2007
    LEASED 01/14/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.69
    •  
  • 1503 Apache Drive #a Chula Vista, CA 4
    • 3 beds 3 baths ∙ 1,721 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,721 Sqft ∙ Built 1985
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.54
    •  
  • 2034 Parker Mountain Rd Chula Vista, CA 5
    • 3 beds 3 baths ∙ 1,718 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,718 Sqft ∙ Built 2003
    LEASED 08/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,050
    • $1.78
    •  
PROPERTY LISTING DETAILS
Raul Hector Barcena-salas
1.619.361.1577
Raul Hector Barcena-salas
BESbswy