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1291 Cathedral Oaks Rd Chula Vista, CA 91913

3 Beds 3 Baths 1,790 sqft Built 2015

$629,900

List Price

$2,840

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

November 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $351.90
  • 5 Days on Market
  • MLS # : 200051320
  • Updated Date : 11/11/2020 at 18:21
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,790 sqft
  • Baths : 2 full , 1 half
Listing Agent

Compass

Listing Agent's Description

Newer built home with tons of potential! Inside features a bright & open floor plan with the freedom to arrange your furniture and create any type of space you'd like. Enjoy newer flooring in the kitchen, ample closet space, laundry room on the 2nd floor, a spacious master suite with a separate tub & shower and so much more. Bonus loft/den at top of stairs. Backyard is one of the largest in the cul-da-sac! Park-like community with easy access to community pool/spa, gym, parks & the 805 and 125 freeways.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Otay Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $236k746k

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

Neighborhood: Otay Ranch

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q2160018002000220024002600280030003200Rent in $15523384

* 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
Anne And William Hendenkamp Elementary School Primary Regular 1,097 43 8
Anne And William Hendenkamp Elementary School Middle Regular 1,097 43 8
Otay Ranch High School High Regular 2,640 93 8

Anne And William Hendenkamp Elementary School

  • Education Level: Primary
  • # of students: 1,097
  • # of teachers: 43
8
GreatSchools Rating

Anne And William Hendenkamp Elementary School

  • Education Level: Middle
  • # of students: 1,097
  • # of teachers: 43
8
GreatSchools Rating

Otay Ranch High School

  • Education Level: High
  • # of students: 2,640
  • # of teachers: 93
8
GreatSchools Rating
 

$566,910$692,890$629,900

PURCHASE PRICE

$2,556$3,124$2,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,840
EXPENSES Loan Payment -$2,324
Property Tax -$748
Property Insurance -$72
HOA -$65
Property Management Fees -$129
CASH FLOW
-$498

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.

$629,900

PROJECTED PRICE

$2,840

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.41%
Appreciation Year (1-5) 6.6%
Maintenance Year (1-5) 8.00%
Vacancy 5.56%
Length of Stay Years 2

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$172,674

INVESTMENT

$172,674

Down Payment
$157,475
Rehab Estimate
$5,750
Closing Costs
$9,449

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,324

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $157,475
Loan Amount $472,425
See What Happens When You Reinvest Cash Flow

2.92

YEARS SAVED

$16,865

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
  • $3,039

    COMP ESTIMATED VALUE
  • $1.7

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,9953$3,0004$3,2005$3,300
$3,300
RENT COMPS ANALYSIS
  • 1291 Cathedral Oaks Rd Chula Vista, CA 1
    • 3 beds 3 baths ∙ 1,790 Sqft ∙ Built 2015 3 beds 3 baths ∙ 1,790 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1306 Santa Victoria Chula Vista, CA 2
    • 3 beds 3 baths ∙ 1,744 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,744 Sqft ∙ Built 2018
    LEASED 09/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.72
    •  
  • 1305 Keck Road 1305 Keck Road Chula Vista, CA 3
    • 3 beds 3 baths ∙ 1,743 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,743 Sqft ∙ Built 2017
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.72
    •  
  • 1450 Santa Diana #5 Chula Vista, CA 4
    • 3 beds 3 baths ∙ 1,928 Sqft ∙ Built 2014 3 beds 3 baths ∙ 1,928 Sqft ∙ Built 2014
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.66
    •  
  • 1370 Livingston St Chula Vista, CA 5
    • 4 beds 3 baths ∙ 1,952 Sqft ∙ Built 2001 4 beds 3 baths ∙ 1,952 Sqft ∙ Built 2001
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.69
    •  
PROPERTY LISTING DETAILS
Tony Elias
1.619.449.1919
Compass
BESbswy