Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1257 Stratford Ct San Marcos, CA 92078

4 Beds 3 Baths 1,871 sqft Built 1989

$748,000

List Price

$2,800

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $399.79
  • 4 Days on Market
  • MLS # : 210004878
  • Updated Date : 02/26/2021 at 18:17
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,871 sqft
  • Baths : 2 full , 1 half
Listing Agent

The Sillstrop Group

Listing Agent's Description

This is your opportunity to own in the highly sought after Village of Hampton Hills in San Marcos. Located on a quiet cul de sac with access to beautiful greenbelts. Conveniently located to shopping, restaurants, top rated schools, golf course, resort amenities, hiking trails, lake activities and so much more. The upgraded 4 bedroom 2.5 bath home includes wood flooring, walk in kitchen pantry, and stylish built in bench seating at the breakfast nook. Enjoy the private backyard for entertaining, kids, pets or enjoying the Southern California sunshine! Low HOA and no Mello Roos!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • As part of Southern California area, San Diego market inherits all the benefits from the area.

PRICE & RENT TRENDS

Neighborhood: Lake San Marcos

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600kPrice in $223k645k

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

Neighborhood: Lake San Marcos

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q216001800200022002400260028003000Rent in $15033094

* 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
La Costa Meadows Elementary School Primary Regular 948 34 8
San Elijo Middle School Middle Regular 1,850 61 9
San Marcos High School High Regular 2,776 101 9

La Costa Meadows Elementary School

  • Education Level: Primary
  • # of students: 948
  • # of teachers: 34
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
 

$673,200$822,800$748,000

PURCHASE PRICE

$2,520$3,080$2,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,800
EXPENSES Loan Payment -$2,598
Property Tax -$691
Property Insurance -$74
HOA -$165
Property Management Fees -$129
CASH FLOW
-$858

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.

$748,000

PROJECTED PRICE

$2,800

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 8.8%
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$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

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

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$203,970

INVESTMENT

$203,970

Down Payment
$187,000
Rehab Estimate
$5,750
Closing Costs
$11,220

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,598

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $187,000
Loan Amount $561,000
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$4,308

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
  • $2,760

    COMP ESTIMATED VALUE
  • $1.47

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,8003$2,8004$2,9005$2,995
$2,995
RENT COMPS ANALYSIS
  • 1257 Stratford Ct San Marcos, CA 1
    • 4 beds 3 baths ∙ 1,871 Sqft ∙ Built 1989 4 beds 3 baths ∙ 1,871 Sqft ∙ Built 1989
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1275 Discovery St San Marcos, CA 2
    • 3 beds 2 baths ∙ 1,897 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,897 Sqft ∙ Built 1970
    property image
    LEASED 12/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.48
    •  
  • 2819 Via Pajaro Carlsbad, CA 3
    • 4 beds 3 baths ∙ 1,716 Sqft ∙ Built 1978 4 beds 3 baths ∙ 1,716 Sqft ∙ Built 1978
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.63
    •  
  • 1410 El Chico San Marcos, CA 4
    • 3 beds 2 baths ∙ 2,200 Sqft ∙ Built 1974 3 beds 2 baths ∙ 2,200 Sqft ∙ Built 1974
    property image
    LEASED 11/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.32
    •  
  • 2910 Pearl Place Carlsbad, CA 5
    • 3 beds 3 baths ∙ 2,039 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,039 Sqft ∙ Built 1999
    property image
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.47
    •  
PROPERTY LISTING DETAILS
Joseph Sillstrop
1.858.864.6967
The Sillstrop Group
1.866.250.5610
San Diego MLS ( SDMLS)
MLS #: 210004878
Last Updated: 02/26/2021
BESbswy