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1267 Via Contessa San Marcos, CA 92069

3 Beds 3 Baths 1,565 sqft Built 2000

INVESTimate

$640,000

List Price

$2,580

$2,330 - $2,830

Rent Est.

$676,096  ( +5.64%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 2000
  • Price/Sqft : $408.95
  • 3 Days on Market
  • MLS # : 200041006
  • Updated Date : 08/26/2020 at 02:44
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,565 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty Max

Listing Agent's Description

NO HOA! Move in ready, light and bright home located in coveted Santa Fe Hills neighborhood with nearby schools, community pool, tennis courts, recreational fields and lots of restaurants. In the home you'll find a great layout, recently remodeled kitchen, laminate flooring, newer carpeting in the bedrooms, private yard and recently installed, owned, solar.

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: San Marcos

ZipNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550kPrice in $223k599k

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

Neighborhood: San Marcos

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q22000250030003500400045005000Rent in $15145208

* 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
Knob Hill Elementary School Primary Regular 847 32 7
Woodland Park Middle School Middle Regular 1,305 44 6
Mission Hills High School High Regular 2,530 91 8

Knob Hill Elementary School

  • Education Level: Primary
  • # of students: 847
  • # of teachers: 32
7
GreatSchools Rating

Woodland Park Middle School

  • Education Level: Middle
  • # of students: 1,305
  • # of teachers: 44
6
GreatSchools Rating

Mission Hills High School

  • Education Level: High
  • # of students: 2,530
  • # of teachers: 91
8
GreatSchools Rating
 

$576,000$704,000$640,000

PURCHASE PRICE

$2,322$2,838$2,580

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

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 $2,580
EXPENSES Loan Payment -$2,361
Property Tax -$701
Property Insurance -$67
Property Management Fees -$129
CASH FLOW
-$678

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.

$640,000

PROJECTED PRICE

$2,580

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 5.64%
Maintenance Year (1-5) 8.00%
Vacancy 4.80%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$175,350

INVESTMENT

$175,350

Down Payment
$160,000
Rehab Estimate
$5,750
Closing Costs
$9,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,361

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $160,000
Loan Amount $480,000
See What Happens When You Reinvest Cash Flow

1.92

YEARS SAVED

$8,900

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
  • $2,572

    COMP ESTIMATED VALUE
  • $1.64

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,5003$2,6004$2,850
$2,850
RENT COMPS ANALYSIS
  • 1267 Via Contessa San Marcos, 1
    • 3 beds 3 baths ∙ 1,565 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,565 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1010 Crystal Springs Pl Escondido, 2
    • 3 beds 3 baths ∙ 1,344 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,344 Sqft ∙ Built 2004
    property image
    LEASED 05/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.86
    •  
  • 272 Candera Ln San Marcos, 3
    • 3 beds 3 baths ∙ 1,649 Sqft ∙ Built 2013 3 beds 3 baths ∙ 1,649 Sqft ∙ Built 2013
    property image
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.58
    •  
  • 430 Camino Hermoso San Marcos, 4
    • 3 beds 3 baths ∙ 1,909 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,909 Sqft ∙ Built 2003
    property image
    LEASED 04/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.49
    •  
PROPERTY LISTING DETAILS
Leo Orzhel
1.760.705.4737
Realty Max
BESbswy