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1348 Santa Cora 
Chula Vista, CA
91913
3 Beds 3 Baths 1,936 sqft
Built 2001
INVESTimate
$679,900
List Price
$185,924
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PROPERTY INFO
FACTS
- Built In 2001
- Price/Sqft : $351.19
- 3 Days on Market
- MLS # : 200040926
- Updated Date : 08/25/2020 at 09:12
CONSTRUCTION
- Beds : 3
- Floor Size : 1,936 sqft
- Baths : 2 full , 1 half
Listing Agent
Coldwell Banker West
Listing Agent's Description
INCREDIBLE PRIDE OF OWNERSHIP-FORMER MODEL-DROP DEAD GORGEOUS!! NO DETAIL TOO SMALL-BEAUTIFUL ENGINEERED WOOD FLOORING-LEADED GLASS-DRAMATIC VAULTED CEILINGS-OPEN, AIRY FLOOR PLAN-BEAUTIFUL WHITE CABINETRY-CENTER ISLAND-CUSTOM TILE BACK SPLASH-RIGHT ACROSS FROM SANTA CORA PARK-LOW HOA-MELLO-ROOS ALMOST FINISHED. NEW FAU/CENTRAL A/C-NEWER WATER HEATER-GREAT FLOOR PLAN-3 BEDROOMS PLUS LARGE LOFT(COULD USE AS A BEDROOM) DESIGNER PAINT-PLANTATION SHUTTERS-GREAT BACKYARD-LOW MAINTENANCE
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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: Hillsborough
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Hillsborough
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,830 |
| EXPENSES | Loan Payment | -$2,509 |
| Property Tax | -$807 | |
| Property Insurance | -$76 | |
| HOA | -$78 | |
| 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 13% of earned rent to cover both maintenance and periods of vacancy.
$679,900
PROJECTED PRICE
$2,830
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.42% |
| Appreciation Year (1-5) | 6.43% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 4.80% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$185,924
LOAN DETAILS
$2,509
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $169,975 |
| Loan Amount | $509,925 |
1.58
YEARS SAVED
$6,872
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,830
LIST RENT -
$1.46
LIST RENT PER SQFT
-
$2,981
COMP ESTIMATED VALUE -
$1.54
COMP AVG. RENT PER SQFT
Comps Range
-
1348 Santa Cora Chula Vista, 4
- 3 beds 3 baths ∙ 1,936 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,936 Sqft ∙ Built 2001
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- Rent
- Rent Per SQFT
- $2,830
- $1.46
-
1450 Santa Diana #4 Chula Vista, 1
- 4 beds 4 baths ∙ 2,000 Sqft ∙ Built 2014 4 beds 4 baths ∙ 2,000 Sqft ∙ Built 2014
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LEASED 02/28/20- Rent
- Rent Per SQFT
- $2,695
- $1.35
-
1487 Sutter Buttes Street Chula Vista, 2
- 3 beds 3 baths ∙ 1,664 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,664 Sqft ∙ Built 2003
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LEASED 04/10/19- Rent
- Rent Per SQFT
- $2,750
- $1.65
-
1937 Caminito De La Cruz Chula Vista, 3
- 4 beds 3 baths ∙ 1,820 Sqft ∙ Built 2005 4 beds 3 baths ∙ 1,820 Sqft ∙ Built 2005
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LEASED 04/01/20- Rent
- Rent Per SQFT
- $2,800
- $1.54
-
1601 Woodville Chula Vista, 5
- 4 beds 3 baths ∙ 1,794 Sqft ∙ Built 2000 4 beds 3 baths ∙ 1,794 Sqft ∙ Built 2000
![property image]()
LEASED 06/05/19- Rent
- Rent Per SQFT
- $2,900
- $1.62
PROPERTY LISTING DETAILS
1.619.271.8300
Coldwell Banker West
