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12504 Jackson Hill Ln El Cajon, CA 92021

5 Beds 4 Baths 2,110 sqft Built 1988

INVESTimate

$655,900

List Price

$3,330

$3,080 - $3,580

Rent Est.

$703,059  ( +7.19%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 1988
  • Price/Sqft : $310.85
  • 8 Days on Market
  • MLS # : 200040196
  • Updated Date : 08/25/2020 at 15:21
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,110 sqft
  • Baths : 4 full
Listing Agent

Realty One Group

Listing Agent's Description

Room for the entire family here! Beautiful views of evening lights with mountains and hills. Home had a complete remodel in 2011. Spacious, light and bright. All new ceramic plank flooring. Granite counter tops. Stamped concrete around the house, large front yard with double patio, perfect for entertaining. Private road, yet close to schools & shopping. Large potting/storage shed and a utility room. Rear yard completely fenced for kids or pets.

SEE MORE

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: Winter Gardens

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550kPrice in $187k594k

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

Neighborhood: Winter Gardens

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q214001600180020002200240026002800Rent in $13542885

* 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
W. D. Hall Elementary School Primary Regular 482 20 2
Greenfield Middle School Middle Regular 670 28 2
El Capitan High School High Regular 1,649 72 6

W. D. Hall Elementary School

  • Education Level: Primary
  • # of students: 482
  • # of teachers: 20
2
GreatSchools Rating

Greenfield Middle School

  • Education Level: Middle
  • # of students: 670
  • # of teachers: 28
2
GreatSchools Rating

El Capitan High School

  • Education Level: High
  • # of students: 1,649
  • # of teachers: 72
6
GreatSchools Rating
 

$590,310$721,490$655,900

PURCHASE PRICE

$2,997$3,663$3,330

RENT

DOWN PAYMENT
FINANCING

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-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k$35k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,330
EXPENSES Loan Payment -$2,420
Property Tax -$750
Property Insurance -$80
Property Management Fees -$129
CASH FLOW
-$49

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$655,900

PROJECTED PRICE

$3,330

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.15%
Appreciation Year (1-5) 7.19%
Maintenance Year (1-5) 8.00%
Vacancy 4.16%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$179,564

INVESTMENT

$179,564

Down Payment
$163,975
Rehab Estimate
$5,750
Closing Costs
$9,839

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$2,420

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $163,975
Loan Amount $491,925
See What Happens When You Reinvest Cash Flow

7.08

YEARS SAVED

$65,360

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
  • $3,165

    COMP ESTIMATED VALUE
  • $1.5

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,650
$2,650
RENT COMPS ANALYSIS
  • 12504 Jackson Hill Ln El Cajon, 1
    • 5 beds 4 baths ∙ 2,110 Sqft ∙ Built 1988 5 beds 4 baths ∙ 2,110 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1860 Mcdougal El Cajon, 2
    • 4 beds 3 baths ∙ 1,767 Sqft ∙ Built 2000 4 beds 3 baths ∙ 1,767 Sqft ∙ Built 2000
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.50
    •  
PROPERTY LISTING DETAILS
Lyle Anderson
1.858.218.4510
Realty One Group
BESbswy