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133 Walnut Dr Chula Vista, CA 91911

3 Beds 1 Baths 1,080 sqft Built 1954

INVESTimate

$450,000

List Price

$1,910

$1,719 - $2,101

Rent Est.

$485,190  ( +7.82%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 1954
  • Price/Sqft : $416.67
  • 2 Days on Market
  • MLS # : 200041147
  • Updated Date : 08/26/2020 at 08:56
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,080 sqft
  • Baths : 1 full
Listing Agent

Century 21 Award

Listing Agent's Description

Private home for sale located on a huge lot in the heart of Chula Vista. Featuring 3 bedrooms, 1 bath, and 1,080 sqft. The possibilities for this unique property are endless; imagine adding a tall gate for more privacy, a play area for kids and pets, or a cool pool area. This cute home is ready for your own custom touches and has lots of space to entertain. Great investment opportunity!

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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: Woodlawn Park

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550kPrice in $186k594k

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

Neighborhood: Woodlawn Park

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q2120014001600180020002200240026002800Rent in $11972926

* 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
Fred H. Rohr Elementary School Primary Regular 320 14 5
Castle Park Middle School Middle Regular 879 32 5
Castle Park High School High Regular 1,474 60 4

Fred H. Rohr Elementary School

  • Education Level: Primary
  • # of students: 320
  • # of teachers: 14
5
GreatSchools Rating

Castle Park Middle School

  • Education Level: Middle
  • # of students: 879
  • # of teachers: 32
5
GreatSchools Rating

Castle Park High School

  • Education Level: High
  • # of students: 1,474
  • # of teachers: 60
4
GreatSchools Rating
 

$405,000$495,000$450,000

PURCHASE PRICE

$1,719$2,101$1,910

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,910
EXPENSES Loan Payment -$1,660
Property Tax -$504
Property Insurance -$54
Property Management Fees -$129
CASH FLOW
-$437

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$450,000

PROJECTED PRICE

$1,910

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.15%
Appreciation Year (1-5) 7.82%
Maintenance Year (1-5) 8.00%
Vacancy 4.16%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,660

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$8,265

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
  • $1,852

    COMP ESTIMATED VALUE
  • $1.71

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7503$2,300
$2,300
RENT COMPS ANALYSIS
  • 133 Walnut Dr Chula Vista, 1
    • 3 beds 1 baths ∙ 1,080 Sqft ∙ Built 1954 3 beds 1 baths ∙ 1,080 Sqft ∙ Built 1954
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1580 Mendocino Dr Drive Chula Vista, 2
    • 3 beds 1 baths ∙ 1,053 Sqft ∙ Built 1972 3 beds 1 baths ∙ 1,053 Sqft ∙ Built 1972
    LEASED 03/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.66
    •  
  • 786 Grissom St San Diego, 3
    • 3 beds 2 baths ∙ 1,302 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,302 Sqft ∙ Built 1969
    LEASED 04/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.77
    •  
PROPERTY LISTING DETAILS
Angela Avilez
1.619.454.9068
Century 21 Award
BESbswy