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1257 N Grape St Escondido, CA 92026

5 Beds 3 Baths 2,025 sqft Built 1974

INVESTimate

$599,900

List Price

$3,060

$2,810 - $3,310

Rent Est.

$646,572  ( +7.78%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 1974
  • Price/Sqft : $296.25
  • 7 Days on Market
  • MLS # : 200040655
  • Updated Date : 08/23/2020 at 07:06
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,025 sqft
  • Baths : 3 full
Listing Agent

Christina Holly Juarez Realty

Listing Agent's Description

WOW! We sure feel pretty GRAPE about this stunning home! The first time on the market in a quarter century, this tastefully updated home is not one to miss! Freshly painted both inside and out, and located on a large lot with darling curb appeal, this home features wood look tile flooring, recessed LED lighting, a massive gourmet kitchen with TONS of bright white CraftMaid cabinetry, a walk in pantry and eat-at Corian island, downstairs master with French doors leading out to the backyard. See supplement!

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: Central Escondido

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550kPrice in $176k594k

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

Neighborhood: Central Escondido

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q214001600180020002200240026002800Rent in $12972885

* 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
Conway Elementary School Primary Regular 693 29 3
Rincon Middle School Middle Regular 1,304 65 4
Escondido High School High Regular 2,493 107 6

Conway Elementary School

  • Education Level: Primary
  • # of students: 693
  • # of teachers: 29
3
GreatSchools Rating

Rincon Middle School

  • Education Level: Middle
  • # of students: 1,304
  • # of teachers: 65
4
GreatSchools Rating

Escondido High School

  • Education Level: High
  • # of students: 2,493
  • # of teachers: 107
6
GreatSchools Rating
 

$539,910$659,890$599,900

PURCHASE PRICE

$2,754$3,366$3,060

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

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 $3,060
EXPENSES Loan Payment -$2,213
Property Tax -$567
Property Insurance -$78
Property Management Fees -$129
CASH FLOW
$72

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.

$599,900

PROJECTED PRICE

$3,060

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.15%
Appreciation Year (1-5) 7.78%
Maintenance Year (1-5) 8.00%
Vacancy 4.16%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$164,724

INVESTMENT

$164,724

Down Payment
$149,975
Rehab Estimate
$5,750
Closing Costs
$8,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$2,213

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $149,975
Loan Amount $449,925
See What Happens When You Reinvest Cash Flow

8.17

YEARS SAVED

$74,971

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
  • $3,098

    COMP ESTIMATED VALUE
  • $1.53

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,790
$2,790
RENT COMPS ANALYSIS
  • 1257 N Grape St Escondido, 1
    • 5 beds 3 baths ∙ 2,025 Sqft ∙ Built 1974 5 beds 3 baths ∙ 2,025 Sqft ∙ Built 1974
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1135 N Goldenrod St Escondido, 2
    • 4 beds 3 baths ∙ 1,822 Sqft ∙ Built 1965 4 beds 3 baths ∙ 1,822 Sqft ∙ Built 1965
    LEASED 03/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,790
    • $1.53
    •  
PROPERTY LISTING DETAILS
Christina Juarez
1.760.919.2548
Christina Holly Juarez Realty
BESbswy