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1307 Camino Avalon Chula Vista, CA 91913

4 Beds 3 Baths 2,165 sqft Built 2020

$690,000

List Price

$3,100

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
Built 2020 NEW CONSTRUCTION
SINGLE-FAMILY
March 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $318.71
  • 5 Days on Market
  • MLS # : 210007747
  • Updated Date : 03/26/2021 at 22:19
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,165 sqft
  • Baths : 3 full
Listing Agent

Keller Williams La Jolla

Listing Agent's Description

Incredible opportunity to own a home in the sought after Escaya Community! As you enter this beautiful 4 bed/3 bath home you will be welcomed with an open floor plan that feels modern yet cozy with a lot of attention to detail from, upgraded flooring, recessed can lighting throughout and a nice bright living room, fully equipped and smart home ready with Honeywell Control System. The tasteful kitchen upgrades include quartz countertops, dual deep sink, new cabinetry, big separate pantry and stainless steel appliances. Downstairs bedroom with full bath for guests and can easily be turned into a home office. Upstairs loft has additional space that can also be turned into an office or even an extra bedroom! Great size Primary bedroom with huge walk -in closet, primary bathroom with tub and separate shower. Full Laundry room upstairs with sink. Nice size wrap-around backyard perfect for entertaining has been fully upgraded with artificial turf, slab for a BBQ and plenty of room for gardening or to display flowers. Close to Shopping, schools (Elementary School is under construction), community gym, dog park, Huge refreshing pool with spa and firepit are just some of the amenities that are available in Escaya. There is a full 360 virtual tour to walk the property from the comfort of your computer or smart device.

SEE MORE

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: 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
Rancho Del Rey Middle School Middle Regular 1,628 63 7
Olympian High School High Regular 2,367 83 9

Rancho Del Rey Middle School

  • Education Level: Middle
  • # of students: 1,628
  • # of teachers: 63
7
GreatSchools Rating

Olympian High School

  • Education Level: High
  • # of students: 2,367
  • # of teachers: 83
9
GreatSchools Rating
 

$621,000$759,000$690,000

PURCHASE PRICE

$2,790$3,410$3,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,100
EXPENSES Loan Payment -$2,397
Property Tax -$718
Property Insurance -$82
HOA -$125
Property Management Fees -$129
CASH FLOW
-$350

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$690,000

PROJECTED PRICE

$3,100

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) 3.00%
Vacancy 5.56%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$184,850

INVESTMENT

$184,850

Down Payment
$172,500
Rehab Estimate
$2,000
Closing Costs
$10,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,397

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $172,500
Loan Amount $517,500
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$26,265

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
  • $3,089

    COMP ESTIMATED VALUE
  • $1.43

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,9003$3,1504$3,375
$3,375
RENT COMPS ANALYSIS
  • 1307 Camino Avalon Chula Vista, CA 1
    • 4 beds 3 baths ∙ 2,165 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,165 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1475 Egret Street #5 Chula Vista, CA 2
    • 4 beds 4 baths ∙ 1,928 Sqft ∙ Built 2016 4 beds 4 baths ∙ 1,928 Sqft ∙ Built 2016
    property image
    LEASED 11/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.50
    •  
  • 1325 Santa Diana #1 Chula Vista, CA 3
    • 4 beds 4 baths ∙ 2,342 Sqft ∙ Built 2016 4 beds 4 baths ∙ 2,342 Sqft ∙ Built 2016
    property image
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $1.35
    •  
  • 1482 Oakpoint Chula Vista, CA 4
    • 3 beds 3 baths ∙ 2,359 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,359 Sqft ∙ Built 2004
    property image
    LEASED 02/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,375
    • $1.43
    •  
PROPERTY LISTING DETAILS
Jose Hernandez
1.619.549.0623
Keller Williams La Jolla
1.866.250.5610
San Diego MLS ( SDMLS)
MLS #: 210007747
Last Updated: 03/26/2021
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