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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $292.24
- 3 Days on Market
- MLS # : 210004406
- Updated Date : 02/19/2021 at 21:09
CONSTRUCTION
- Beds : 5
- Floor Size : 2,963 sqft
- Baths : 3 full
Listing Agent
Active Realty
Listing Agent's Description
Beautiful 5 bedroom, 3 bathroom, 2 story home in the community of Chula Vista! Enjoy high ceilings, an open floor plan, a fireplace in the family room, and a spacious back yard. The kitchen features a large center island, a walk-in pantry, granite countertops, stainless steel appliances, and paver-tile flooring. The primary bedroom retreat offers an inviting fireplace, a huge walk-in closet, dual sinks in the primary bathroom, a soaking tub, and a walk-in shower. The back yard features a covered patio, a built-in barbecue island, and nice landscaping. Additional property highlights include a formal entry, ceiling fans throughout, and a 2 car garage. Convenient to area schools, shopping plazas, and easy access to major freeways!
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MARKET HIGHLIGHTS
- 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]
- 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)
PRICE & RENT TRENDS
Neighborhood: Eastlake Vistas
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Eastlake Vistas
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,620 |
| EXPENSES | Loan Payment | -$3,008 |
| Property Tax | -$1,043 | |
| Property Insurance | -$102 | |
| HOA | -$108 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$769
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$865,900
PROJECTED PRICE
$3,620
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.41% |
| Appreciation Year (1-5) | 7.8% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.56% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$235,214
LOAN DETAILS
$3,008
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $216,475 |
| Loan Amount | $649,425 |
2.08
YEARS SAVED
$11,750
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$3,862
COMP ESTIMATED VALUE -
$1.3
COMP AVG. RENT PER SQFT
Comps Range
-
1271 Silver Hawk Way Chula Vista, CA 1
- 5 beds 3 baths ∙ 2,963 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,963 Sqft ∙ Built 2004
- Rent
- Rent Per SQFT
- $0
- $0.00
-
2837 Castlewood Ct Chula Vista, CA 2
- 4 beds 4 baths ∙ 3,012 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,012 Sqft ∙ Built 2005
LEASED 02/21/20- Rent
- Rent Per SQFT
- $3,800
- $1.26
-
1464 Appalachian Chula Vista, CA 3
- 5 beds 3 baths ∙ 2,950 Sqft ∙ Built 2001 5 beds 3 baths ∙ 2,950 Sqft ∙ Built 2001
LEASED 04/13/20- Rent
- Rent Per SQFT
- $4,000
- $1.36
-
2792 Rambling Vistas Rd Chula Vista, CA 4
- 5 beds 4 baths ∙ 3,096 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,096 Sqft ∙ Built 2005
LEASED 09/11/20- Rent
- Rent Per SQFT
- $4,000
- $1.29
PROPERTY LISTING DETAILS
1.619.333.2721
Active Realty
MLS #: 210004406
Last Updated: 02/19/2021
