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1339 Bernardo Escondido, CA 92029

3 Beds 2 Baths 1,917 sqft Built 1999

$634,900

List Price

$2,840

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 1999
  • Price/Sqft : $331.19
  • 5 Days on Market
  • MLS # : 200050702
  • Updated Date : 11/07/2020 at 17:29
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,917 sqft
  • Baths : 2 full
Listing Agent

Compass

Listing Agent's Description

Spacious single story home with an open floor plan & vaulted ceilings is turn-key & move-in ready! The kitchen boasts granite counters & some newer appliances. There's a cozy dual sided fireplace between living & family rooms. Bedroom 3 has exterior door which would be perfect for home office or guest room. Situated with no neighbors in front or back, you can enjoy the private terraced backyard with citrus trees. There is a large side yard too! Great location close to freeway, shopping & restaurants.

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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: Felicita

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750k800kPrice in $226k802k

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

Neighborhood: Felicita

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21600180020002200240026002800300032003400Rent in $14343561

* 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
Miller Elementary School Primary Regular 481 20 6
Del Dios Middle School Middle Regular 859 41 3
San Pasqual High School High Regular 2,237 93 7

Miller Elementary School

  • Education Level: Primary
  • # of students: 481
  • # of teachers: 20
6
GreatSchools Rating

Del Dios Middle School

  • Education Level: Middle
  • # of students: 859
  • # of teachers: 41
3
GreatSchools Rating

San Pasqual High School

  • Education Level: High
  • # of students: 2,237
  • # of teachers: 93
7
GreatSchools Rating
 

$571,410$698,390$634,900

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 -$2,343
Property Tax -$595
Property Insurance -$75
HOA -$70
Property Management Fees -$129
CASH FLOW
-$372

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.

$634,900

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) 5.1%
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-$5.0k$0.0$5.0k$10k$15k$20k$25k

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$173,999

INVESTMENT

$173,999

Down Payment
$158,725
Rehab Estimate
$5,750
Closing Costs
$9,524

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,343

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $158,725
Loan Amount $476,175
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$27,756

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
  • $2,971

    COMP ESTIMATED VALUE
  • $1.55

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,8503$3,250
$3,250
RENT COMPS ANALYSIS
  • 1339 Bernardo Escondido, CA 1
    • 3 beds 2 baths ∙ 1,917 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,917 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1459 Mosaic Gln Escondido, CA 2
    • 3 beds 3 baths ∙ 1,842 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,842 Sqft ∙ Built 2007
    LEASED 03/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.55
    •  
  • 1723 Casero Pl Escondido, CA 3
    • 4 beds 2 baths ∙ 2,100 Sqft ∙ Built 1981 4 beds 2 baths ∙ 2,100 Sqft ∙ Built 1981
    LEASED 06/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.55
    •  
PROPERTY LISTING DETAILS
Christine Fulton
1.619.813.1264
Compass
BESbswy